Mounting economic pressure is forcing many retailers to weigh up their future, with the majority of firms that contributed data for a Retail NZ report missing their sales targets. More than a third of retailers were not confident they could survive the next 12 months, the report said.
Retail NZ CEO Greg Harford said the sector had felt the effect of high inflation and high interest rates, as consumers curtailed their spending.
Prime Minister Chris Hipkins is on the road again signing a valuable trade agreement with the European Union and then attending a meeting of Nato leaders in Lithuania.
He will be hoping that this time he won’t have to face questioning about another of his ministers defecting or facing allegations while he is away.
All Black captain Sam Cane faced a backlash after his instinctive decision to trip a pitch invader who ran on to the field after the test against Argentina in Mendoza. Cane contacted the young person and apologised but that will probably not be enough to satisfy some, judging by the howls of outrage on social media.
There is no relief from SAD on the world scene, with the controversial United States’ decision to supply Ukraine with cluster weapons.
These are banned by a number of countries including the UK and New Zealand because they are indiscriminate in whom they harm and can remain a risk to innocent people for a long time.
The war has been grinding on for more than 500 days and the Ukrainians are making slow progress against well prepared Russian defences. The Russians themselves use cluster weapons and launch rockets at civilian targets, but that will not overcome the concerns of many people at this latest development.
It is a long, sad winter in a sad world.