N

National Business Review

April 2025

$75k pregnancy discrimination damages timely reminder for bosses

Last month, a Human Rights Review Tribunal awarded Zelinda Doria $75,000 for humiliation,

The Finance Minister’s big budget cuts

In the face of tougher economic times, the Coalition Government is cutting its operating allowance in next month’s Budget from $2.4 billion to $1.3b

Russia proposes temporary ceasefire; Carney ahead in Canada vote

Gordon Brownformer prime minister
This is not an allegation made lightly. It is informed by recently available evidence, and by the statements of senior officers involved in the original investigations into unlawful news gathering, who have now stated to me that they were misled,
Pedro Sánchezspanish Prime Minister
We do not yet have conclusive information on the reasons for this [power] cut, so I ask the people, as we have done in past crises, to inform themselves through official channels,
I believe that it’s up to China to de-escalate, because they sell five times more to us than we sell to them, and so these [Chinese] tariffs are unsustainable,

US caution over China trade; Israel attacks southern Beirut

I don’t know if President Trump has spoken with President Xi,
Scott Bessenttreasury Secretary
I had interaction with my Chinese counterparts, but it was more on the traditional things like financial stability, global economic early warnings,
Donald Trumppresident
There was no reason for Putin to be shooting missiles into civilian areas, cities and towns, over the last few days,
There’s 17 important trading partners, and we have a process in place, over the next 90 days, to negotiate with them. Some of those are moving along very well, especially the — with the Asian countries,
Donald Trumppresident
It makes me think that maybe he doesn’t want to stop the war, he’s just tapping me along, and has to be dealt with differently, through “Banking” or “Secondary Sanctions?” Too many people are dying!!!

IMF cuts global forecasts; Tesla short sellers cash in

China’s growth forecast was lowered by 60 basis points to 4%, while the outlook for Europe would slow to 0.8% from 1% in 2025 and 1.2% (from 1.4%) in 2026

Pierre-Olivier GourinchasiMF chief economist
We are entering a new era as the global economic system that has operated for the last 80 years is being reset,
No one thinks the current status quo is sustainable” with tariffs at the current rates
Pierre-Olivier GourinchasiMF chief economist
We are not seeing a stampede or a run to the exits,
With short interest climbing and sentiment deteriorating, Tesla's post-earnings path hinges on results and guidance clarity,
Pierre-Olivier GourinchasiMF chief economist
We are entering a new era as the global system that has operated for the last 80 years is being reset.”
No one thinks the current status quo is sustainable,

Airlines, manufacturers grapple with tariff turmoil

Brand-new airliners criss-crossing oceans and opportunists trying to jump delivery queues are some of the responses to the impact of tariff turmoil on aviation

‘People’s Pope’ dies aged 88; Trump calls Fed’s Powell a ‘loser’

World leaders have paid their respects to the religious leader, including New Zealand Prime Minister Christopher Luxon

He stood up for action on climate change, championed peace through his diplomacy, and advocated for the rights of migrants and refugees. His leadership challenged us all to build a fairer and more caring world,
Christopher Luxonnew Zealand Prime Minister
We are extending our deployment of up to 100 New Zealand Defence Force personnel to train Ukrainian soldiers in the UK and throughout Europe, and provide intelligence, liaison and logistics support through to December 2026,
Christopher Luxonnew Zealand Prime Minister
Pope Francis was the first Pope from the Southern Hemisphere. He will be remembered for his unwavering commitment to the vulnerable, to social justice, and to interfaith dialogue. My thoughts are with Roman Catholics and all those who mourn his death,
JD VanceuS Vice-President
My heart goes out to the millions of Christians all over the world who loved him,

More Aussie retail failures to impact Kiwi high streets

The New Zealand stores of two Australian retailers are set to close after the Jeanswest and Wittner fashion brands have both entered administration