Paul Reynolds says as CEO, he is there to lead Telecom through the "tough times" - something he could not achieve if he were to resign.

Telecom CEO Paul Reynolds says XT technology partner Alcatel is on notice over the network's constant failures, while announcing the company's plan to compensate affected XT customers.

Air NZ boss Rob Fyfe has accused police of intentionally trying to undermine confidence in the airline - a claim the police minister rejects.

Telecom under further pressure despite the resignation today of one of its top executives.

One of Telecom's top executives, chief transformation officer Frank Mount, has resigned as the XT mobile network fiasco claims another scalp.

The Government says there is little it can do to help customers frustrated with Telecom's XT network failures.

Telecom's CEO will today speak about yesterday's XT network outage, which came as the NZ head of the company that built the network announced his resignation.

Air New Zealand engineering subsidiary Safe Air in Blenheim is planning to cut 100 jobs from its workforce.

The recession has been particularly savage on young workers with 18.4 per cent of the 15 to 24 age group now unemployed.

A free trade deal with the highly protected Indian economy could mean big things for New Zealand agriculture exporters.