DETROIT (AP) ” U.S. safety regulators are investigating complaints that two Nissan recalls didn’t go far enough to fix a problem with front-seat air bag seat sensors.The probe covers nearly 990,000 vehicles in the U.S. that were…
The central bank of central banks advises calm about deflation
The central bank for central banks has some advice for policymakers fretting about deflation: Don’t.In a study bound to prove controversial in the corridors of power and academia, economists at the Bank for International Settlements…
2degrees buys Snap – adds internet
2degrees, the challenger mobile phone company, has announced it is buying Christchurch-based internet service provider Snap internet for an undisclosed sum as part of a move into the landline market.At a press conference in…
Airport passenger surge on China tourism boom
Auckland International Airport said international passenger numbers through New Zealand’s busiest gateway rose 5.4 per cent last month, as the later timing of Chinese New Year led to a surge in travellers from China.There were 726,529…
Liam Dann: Taxing of online purchases may be unpopular but it's a fair call
John Key’s decision to weigh in on the debate about taxing of foreign online purchases seemed to come out of left field last week.But it was timely as a number of local retailers are struggling to make decent profits and competition…
Coming soon? Netflix's entire Australian catalogue leaked
Netflix’s entire Australian catalogue appears to have been leaked online a day before the streaming service is due to launch.Images that claim to show the TV shows and movies that will be on offer <a href='http://www.reddit.com/…
Supermarket chains in expansion mode
Expansion by the two dominant supermarket chains has moved into a new phase, with more than $300 million of work under way.The new New World Browns Bay opened on the North Shore on Tuesday, Waiheke is getting its existing Countdown…
Christopher Niesche: German giant puts squeeze on competitors
German retailing giant Aldi has brought a new supermarket experience to Australian shoppers.Unlike the neatly ordered Coles and Woolworths outlets, Aldi stores are higgledy-piggledy: goods are sometimes left on the forklift pallets…
Cheap petrol, loans, boost March consumer confidence
New Zealand consumer confidence rose in the first three months of the year, as Kiwis enjoyed cheaper fuel prices and lower fixed home-loan rates, and became more upbeat about the near-term outlook for the economy.The Westpac…
South Korea Free Trade Agreement boost for NZ exporters
Trade Minister Tim Groser will today seal a free trade deal with South Korea that will essentially steer New Zealand towards a level playing field with its competitors in the fast-growing market.It is sometimes called the “catch-up…