Weekly Digest – 6 July 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward.

Jobs market shows signs of stabilising

Wages are rising and there are signs that the job market is stabilising, according to the latest data from Trade Me.

Restaurant owners miffed at Minister of Immigration’s comments

Restaurant owners are saying it doesn’t matter how good the conditions are, as there is nobody to fill restaurant worker roles. The comments come after Minister of Immigration Michael Wood said restaurants should offer better conditions and pay if they want to attract staff.

Established Wellington technology firm acquired by overseas giant

Qual IT and its partner company SEQA are to be bought by Australian based Planit, which is part of the Japanese financial services group Nomura.

Changing data turns some expected car rebates into fees

Used car dealers claim that customers who come in expecting a clean car rebate are getting hit with a fee instead, because official data is changing as the vehicle sits on the lot.

1 percent loans available for sustainable home improvements

Kiwis looking to install solar panels, double-glaze their windows, or buy electric vehicles can take advantage of a new offer from ANZ. Loans of up to $80,000 are available for a maximum of three years at a special interest rate of 1 percent.

NZ and EU sign historic trade deal

After years of tough negotiating, New Zealand and the European Union have struck a historic free trade deal that will see 97 percent of New Zealand’s current exports to the EU eventually become duty-free.

New whistleblower legislation now in effect

New legislation protecting whistleblowers in the workplace came into effect July 1. Read the details here.

Report suggests speculated property market crash is unfounded

A report from realestate.co.nz says skyrocketing prices and stock shortages are gone and average asking prices are flat, with buyers and sellers having more time to make decisions.

NZ and Australian markets turn green

Air New Zealand led the pack as markets opened this week, with all sectors showing promising gains.

Business confidence continues to drop

The June ANZ Business Outlook survey showed businesses are increasingly pessimistic about the outlook for activity and profitability. Ongoing issues of inflation and an economy running at capacity are the most-cited reasons.

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