New data shows Australian business confidence is on the up - but things are still gloomy across the Tasman.

The survey from National Australia Bank showed its index ​of business conditions held at +3 in ​May, ending four months of losses. Confidence ⁠improved modestly to -14, from -23 in April.

HSBC Chief Economist Paul Bloxham explained further.

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New data shows Australian business confidence is on the up - but things are still gloomy across the Tasman.
The survey from National Australia Bank showed its index ​of business conditions held at +3 in ​May, ending four months of losses. Confidence ⁠improved modestly to -14, from -23 in April.
HSBC Chief Economist Paul Bloxham explained further.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Paul Bloxham: HSBC Chief Economist on Australian business confidence rising but staying low

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/e8aef375-fb8c-471a-9147-b4640082582b/transcript

Donald Trump says it's a waste of time talking with Iran, declaring the memorandum of understanding between the US and Iran 'over'.

The US President has made the comments at the NATO summit in Turkey, as both sides swap strikes.

Trump says his White House negotiators can continue, but he thinks the Iranians are 'liars', calling them cuckoo.

UK correspondent Enda Brady unpacked the reactions further. 

LISTEN ABOVE

Donald Trump says it's a waste of time talking with Iran, declaring the memorandum of understanding between the US and Iran 'over'.
The US President has made the comments at the NATO summit in Turkey, as both sides swap strikes.
Trump says his White House negotiators can continue, but he thinks the Iranians are 'liars', calling them cuckoo.
UK correspondent Enda Brady unpacked the reactions further.&nbsp;
LISTEN ABOVE

Enda Brady: UK correspondent on Donald Trump's recent comments at the NATO Summit in Turkey

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/011f7c89-7140-44ed-aa7c-b482008139ac/transcript

Microsoft is cutting 4800 jobs - about two percent of its global workforce - in a sweeping restructure.

Most cuts are part of a restructure of its struggling Xbox gaming division.

It's the latest in a string of mass layoffs by the tech giant alongside major investment in AI.

Sam Dickie from Fisher Funds explained the implications of this move.

LISTEN ABOVE

Microsoft is cutting 4800 jobs - about two percent of its global workforce - in a sweeping restructure.
Most cuts are part of a restructure of its struggling Xbox gaming division.
It's the latest in a string of mass layoffs by the tech giant alongside major investment in AI.
Sam Dickie from Fisher Funds explained the implications of this move.
LISTEN ABOVE

Sam Dickie: Fisher Funds expert on Microsoft cutting over 4,000 jobs as a result of AI

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/5ce74b2e-472e-4ede-a3ee-b482007ea8d0/transcript

Kaikōura's main route south could be closed several more days, as flooding, debris and rockfall is cleared.

State Highway 1's back open north of the township, but it's still closed to Waipara, and the Inland Kaikōura Road also can't be used.

The Country's Jamie Mackay explained further. 

LISTEN ABOVE

Kaikōura's main route south could be closed several more days, as flooding, debris and rockfall is cleared.
State Highway 1's back open north of the township, but it's still closed to Waipara, and the Inland Kaikōura Road also can't be used.
The Country's Jamie Mackay explained further.&nbsp;
LISTEN ABOVE

Hamish McKay: The Country spokesperson on the damage left behind by the Kaikōura floods

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/b2a530a8-5aca-4b64-a7b4-b482007cd380/transcript

Paul Bloxham: HSBC Chief Economist on Australian business confidence rising but staying low

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