Kiwi company Allbirds has announced a new direction and it's drawn questions from experts.

After years of losses, the former sustainable shoe company is transitioning to AI after selling all its assets this month.

It's revised its moniker to NewBirds AI - seeing share values surging up to 700 percent.

NZ Herald senior business writer Chris Keall says the tech and business-based press has raised concerns about what this could do for the company. 

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Kiwi company Allbirds has announced a new direction and it's drawn questions from experts.
After years of losses, the former sustainable shoe company is transitioning to AI after selling all its assets this month.
It's revised its moniker to NewBirds AI - seeing share values surging up to 700 percent.
NZ Herald senior business writer Chris Keall says the tech and business-based press has raised concerns about what this could do for the company.&nbsp;
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Chris Keall: NZ Herald senior business writer on Allbirds pivoting to AI

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/aab3dc08-9b4a-45af-b242-b42e007faf9e/transcript

The US earnings season is in full swing, with many leading companies posting their results.

The Middle East conflict is looming over this year's data and experts have raised concerns.

Sam Dickie from Fisher Funds explained further.

LISTEN ABOVE

The US earnings season is in full swing, with many leading companies posting their results.
The Middle East conflict is looming over this year's data and experts have raised concerns.
Sam Dickie from Fisher Funds explained further.
LISTEN ABOVE

Sam Dickie: Fisher Funds expert on US earnings season being impacted by Middle East conflict

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/1e1780b7-953e-4027-a6b7-b42e0079516b/transcript

Airlines are now treating the fuel crisis as a long term issue.

The conflict in Iran, which has closed the Strait of Hormuz, has forced airfare rises and route cuts.

Board of Airline Representatives NZ Executive Director, Cath O'Brien, says airlines have to look well ahead.

"At the moment, we're planning for the season that runs October to March. As we plan ahead, we have to plan networks on a totally changed basis of cost. And I think that's the real challenge." 

LISTEN ABOVE

Airlines are now treating the fuel crisis as a long term issue.
The conflict in Iran, which has closed the Strait of Hormuz, has forced airfare rises and route cuts.
Board of Airline Representatives NZ Executive Director, Cath O'Brien, says airlines have to look well ahead.
"At the moment, we're planning for the season that runs October to March. As we plan ahead, we have to plan networks on a totally changed basis of cost. And I think that's the real challenge."&nbsp;
LISTEN ABOVE

Cath O'Brien: Board of Airline Representatives NZ executive director on the growing concerns around the fuel shortage

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/91a6585b-8d7d-4857-8b42-b42e00618059/transcript

The Government’s looking at ways to give businesses long-term certainty about fuel. 

Latest figures show we have 56 days of petrol, 45 of diesel, and 47 of jet fuel either here or en-route.  

Associate Energy Minister Shane Jones told Mike Hosking officials are considering what additional information they can release. 

He says the real plague is uncertainty, and it's not a bad idea to further mend the uncertainty in the business community. 

LISTEN ABOVE 

The Government’s looking at ways to give businesses long-term certainty about fuel.&nbsp;
Latest figures show we have 56 days of petrol, 45 of diesel, and 47 of jet fuel either here or en-route. &nbsp;
Associate Energy Minister Shane Jones told Mike Hosking officials are considering what additional information they can release.&nbsp;
He says the real plague is uncertainty, and it's not a bad idea to further mend the uncertainty in the business community.&nbsp;
LISTEN ABOVE&nbsp;

Shane Jones: Associate Energy Minister on the fuel crisis, businesses seeking long-term certainty

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/1c37fbf0-bcce-4a17-8aaf-b42d0156ce8f/transcript

Chris Keall: NZ Herald senior business writer on Allbirds pivoting to AI

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