Businesses cautioned on AI use for tracking competitor pricing amid legal risks
Businesses are being warned that using AI tools to monitor rival prices and adjust their own pricing could breach competition law.
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Ngāi Tahu sells final Sanford shares in $72 million deal
Ngāi Tahu Holdings has sold its remaining 10.3% stake in fishing company Sanford to Japanese multinational Umios Corporation for $72 million, at a price of $7.47 per share.
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Reserve Bank of New Zealand expected to raise official cash rate to 3%
The Reserve Bank of New Zealand is expected to increase the official cash rate (OCR) by 25 basis points this week, bringing it to 3%. This move is part of the bank's effort to curb persistent inflation.
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Ebos aims to create value by integrating its four divisions
Ebos, a dual-listed pharmacy wholesaler and pet care retailer, is focusing on enhancing value by bringing its four divisions closer together and has extended its deal with Chemist Warehouse.
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Westpac Supports Non-Bank Lender with $150 Million Initial Funding
MB Private announced that Westpac has committed $150 million in funding, with the possibility of increasing this to $500 million through the startup lender.
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Auckland Airport anticipates record summer capacity from China
Auckland International Airport expects to see its highest capacity from Chinese flights this summer as international travel gradually returns to pre-pandemic volumes. The airport is progressing toward restoring normal levels of international passenger throughp
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Fonterra Chief Financial Officer Andrew Murray Resigns
Andrew Murray has resigned from his position as chief financial officer at Fonterra, New Zealand's milk processing co-operative. The announcement was made by Fonterra's chief executive Richard Allen.
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Pacific Edge to gain higher margins on Cxbladder tests after US Medicare price increase
Pacific Edge will benefit from increased margins on select Cxbladder cancer diagnostic tests due to a proposed Medicare price rise in the United States.
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