Tracy Withers

Wellington

Reporter at Bloomberg News

Bloomberg News reporter in New Zealand. All opinions are my own. @business

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Articles

New Zealand Steps Up Plans to Ban Under-16s From Social Media

3 days ago | financialpost.com | Tracy Withers

Advertisement 1New Zealand Prime Minister Christopher Luxon said a proposal to ban children under the age of 16 from social media will be part of the government’s work program, increasing its chances of becoming law. Article content(Bloomberg) — New Zealand Prime Minister Christopher Luxon said a proposal to ban children under the age of 16 from social media will be part of the government’s work program, increasing its chances of becoming law.
New Zealand Steps Up Plans to Ban Under-16s From Social Media

3 days ago | bloomberg.com | Tracy Withers

Christopher Luxon(Bloomberg) -- New Zealand Prime Minister Christopher Luxon said a proposal to ban children under the age of 16 from social media will be part of the government’s work program, increasing its chances of becoming law. Education Minister Erica Stanford will lead the work and report back to cabinet with options, Luxon said Sunday in Wellington.
New Zealand Jobless Rate Holds Steady as Fewer People Seek Work

1 week ago | news.bloombergtax.com | Tracy Withers

XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
New Zealand Jobless Rate Holds Steady as Fewer People Seek Work

1 week ago | bloomberg.com | Tracy Withers

A morning commuter walks over Hopetoun Street Bridge in Auckland, New Zealand, on Monday, April 8, 2024. New Zealand’s economy may be headed for a hard landing after business confidence slumped in the first quarter, the NZ Institute of Economic Research said. Photographer: Fiona Goodall/Bloomberg(Bloomberg) -- New Zealand’s jobless rate unexpectedly held steady in the first quarter as fewer people sought work in a sluggish economy.
New Zealand Jobless Rate Holds Steady as Fewer People Seek Work

1 week ago | news.bloomberglaw.com | Tracy Withers

New Zealand’s jobless rate unexpectedly held steady in the first quarter as fewer people sought work in a sluggish economy. Unemployment was unchanged from the fourth quarter at 5.1%, Statistics New Zealand said Wednesday in Wellington. Economists and the Reserve Bank expected an increase to 5.3%. Employment rose 0.1% from the previous three months, matching estimates, while wage inflation slowed.
New Zealand’s National Party Seeks Social Media Age Restrictions

1 week ago | bloomberg.com | Tracy Withers

App icons of TikTok, Instagram, X, Facebook, Snapchat and Reddit arranged on a smartphone in Sydney, Australia, on Thursday, Nov. 28, 2024. Australia’s controversial new law barring under-16s from social media is one of the toughest crackdowns yet on platforms including Facebook and TikTok as governments worldwide grasp for ways to protect children from harmful content.
New Zealand to Replace Helicopters as Defense Spend Ramps Up

1 week ago | bloomberg.com | Tracy Withers

New Zealand has set aside NZ$2 billion ($1.2 billion) for new helicopters. (Bloomberg) -- New Zealand will replace its navy helicopter fleet in the first step toward building a combat-capable military and lifting its defense spending to more than 2% of gross domestic product. A business case for the new helicopters will be considered later this year but at least NZ$2 billion ($1.2 billion) has been set aside to pay for them, Defence Minister Judith Collins said in a statement Sunday in Wellington.
Gales Batter New Zealand’s Capital as Flights, Ferries Canceled

2 weeks ago | bloomberg.com | Tracy Withers

The storm is affecting other parts of the country too, with rising river levels and localized flooding reported in the Canterbury region in the South Island. (Bloomberg) -- Gale-force winds battered New Zealand’s capital city Wellington Thursday, grounding aircraft and prompting warnings from emergency services for people to stay indoors.
New Zealand’s House Prices Climb for a Fourth Straight Month

2 weeks ago | bloomberg.com | Tracy Withers

Homes in Auckland, New Zealand. (Bloomberg) -- New Zealand house prices climbed for a fourth straight month, signaling a modest recovery is under way in the property market as interest rates fall. Prices gained 0.3% in April from a month earlier, property consultancy Cotality, formerly CoreLogic Inc, said Thursday in Wellington. Prices remain 2% lower than they were a year earlier.
New Zealand Business Confidence Slumps to 9-Month Low on Tariffs

2 weeks ago | bloomberg.com | Tracy Withers

(Bloomberg) -- New Zealand business confidence slumped to a nine-month low in April as US President Donald Trump’s tariff policies prompted companies to put investment and hiring plans on hold. The monthly index of business sentiment fell to 49.3 from 57.5 in March, ANZ Bank New Zealand said Wednesday in Wellington. That’s the lowest reading since July last year.