{"id":7142,"date":"2022-11-02T19:14:58","date_gmt":"2022-11-02T06:14:58","guid":{"rendered":"https:\/\/forwardaccounting.co.nz\/business-update-2-november-2022\/"},"modified":"2022-11-14T16:05:56","modified_gmt":"2022-11-14T03:05:56","slug":"business-update-2-november-2022","status":"publish","type":"post","link":"https:\/\/forwardaccounting.co.nz\/business-update-2-november-2022\/","title":{"rendered":"Business Update \u2013 2 November 2022"},"content":{"rendered":"

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward.<\/p>\n

More price increases expected in 2023<\/h3>\n

Retail New Zealand said this week that there is no end in sight for rising prices due to inflation<\/a>. The increases are expected to continue well into next year and affect everything from groceries to electronics to clothing.<\/p>\n

Airfare reaches $1200 one-way to Sydney<\/h3>\n

The eye-watering price is nearly twice the average high<\/a> for peak travel times in December. International routes are still operating on reduced capacity, and some say travel wasn\u2019t opened early enough for airlines to recoup costs which would have allowed them to offer more flights.<\/p>\n

Auction activity still quiet<\/h3>\n

The flurry of real estate activity that spring typically ushers in just isn\u2019t happening this year. Only 33% of houses offered last week ended up selling<\/a>.<\/p>\n

Banks strong enough to cope with enormous fall in housing prices<\/h3>\n

A recent stress test showed that the Reserve Bank can withstand a 47% drop in housing prices<\/a>, even if unemployment tops 9%.<\/p>\n

Greens call for windfall tax for major corporates<\/h3>\n

The Green Party\u2019s finance spokesperson Julie Anne Genter is calling for a tax on excess profits made by major corporates<\/a>. She states that large companies are making record profits while Kiwis struggle to pay for the basics.<\/p>\n

NZ Super Fund loses $3.3 billion<\/h3>\n

The Fund\u2019s annual report showed that volatile market conditions have resulted in a $3.3 billion loss for the NZ Super Fund<\/a>.<\/p>\n

China\u2019s workers flee Apple\u2019s biggest iPhone factory following COVID-19 outbreak<\/h3>\n

The massive factory complex in Zhengzhou city was hit with a wave of COVID-19, causing thousands of employees to flee<\/a>. About 200,000 people work at the factory. It\u2019s unclear how the outbreak will disrupt production.<\/p>\n

Ukraine ships record tonnage of grain despite warnings from Russia<\/h3>\n

A large handful of vessels loaded with grain left the port of Odesa on Monday<\/a>. The shipment is a joint effort supported by the UN and Turkey and is meant to stave off a global hunger crisis.<\/p>\n

How to ease \u201cbeginner\u2019s mind\u201d<\/h3>\n

Learning new skills as an adult can be extremely intimidating, and is anxiety-inducing for some. But, many of us are grappling with the reality of being a beginner as we switch careers. Learn four key ways that you can embrace the transition here<\/a>.<\/p>\n

Inland Revenue deletes \u201cmean-spirited\u201d Halloween tweet after criticism<\/h3>\n

The tweet in question suggested parents could \u201ctax\u201d up to one-third of the lolly haul that their children \u201cearn\u201d<\/a>. Inland Revenue has stated the tweet was meant to be a light-hearted, festive way to teach children about taxes.<\/p>\n

Get in touch<\/h3>\n

Contact us if you have any questions or want to discuss the next steps for your business.<\/p>\n","protected":false},"excerpt":{"rendered":"

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. More price increases expected in 2023 Retail New Zealand said this week that there is no end in sight for rising prices due to inflation. The increases are expected to continue well into next […]<\/p>\n

Read More… from Business Update \u2013 2 November 2022<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":6894,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[80,91],"tags":[],"jetpack_publicize_connections":[],"acf":[],"yoast_head":"\nBusiness Update \u2013 2 November 2022 - Forward Accounting<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/forwardaccounting.co.nz\/business-update-2-november-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Business Update \u2013 2 November 2022 - Forward Accounting\" \/>\n<meta property=\"og:description\" content=\"Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. More price increases expected in 2023 Retail New Zealand said this week that there is no end in sight for rising prices due to inflation. The increases are expected to continue well into next [...]Read More... from Business Update \u2013 2 November 2022\" \/>\n<meta property=\"og:url\" content=\"https:\/\/forwardaccounting.co.nz\/business-update-2-november-2022\/\" \/>\n<meta property=\"og:site_name\" content=\"Forward Accounting\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-02T06:14:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-14T03:05:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/forwardaccounting.co.nz\/app\/uploads\/2022\/03\/weekly-update-1-4.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Matt Wilkinson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Matt Wilkinson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/forwardaccounting.co.nz\/business-update-2-november-2022\/\",\"url\":\"https:\/\/forwardaccounting.co.nz\/business-update-2-november-2022\/\",\"name\":\"Business Update \u2013 2 November 2022 - Forward Accounting\",\"isPartOf\":{\"@id\":\"https:\/\/forwardaccounting.co.nz\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/forwardaccounting.co.nz\/business-update-2-november-2022\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/forwardaccounting.co.nz\/business-update-2-november-2022\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/forwardaccounting.co.nz\/app\/uploads\/2022\/03\/weekly-update-1-4.jpg\",\"datePublished\":\"2022-11-02T06:14:58+00:00\",\"dateModified\":\"2022-11-14T03:05:56+00:00\",\"author\":{\"@id\":\"https:\/\/forwardaccounting.co.nz\/#\/schema\/person\/3f9e6cddcb018b71c8beb32d1534f8b0\"},\"breadcrumb\":{\"@id\":\"https:\/\/forwardaccounting.co.nz\/business-update-2-november-2022\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/forwardaccounting.co.nz\/business-update-2-november-2022\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/forwardaccounting.co.nz\/business-update-2-november-2022\/#primaryimage\",\"url\":\"https:\/\/forwardaccounting.co.nz\/app\/uploads\/2022\/03\/weekly-update-1-4.jpg\",\"contentUrl\":\"https:\/\/forwardaccounting.co.nz\/app\/uploads\/2022\/03\/weekly-update-1-4.jpg\",\"width\":750,\"height\":500,\"caption\":\"Weekly Update 1.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/forwardaccounting.co.nz\/business-update-2-november-2022\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/forwardaccounting.co.nz\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Business Update \u2013 2 November 2022\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/forwardaccounting.co.nz\/#website\",\"url\":\"https:\/\/forwardaccounting.co.nz\/\",\"name\":\"Forward Accounting\",\"description\":\"Moving your business ahead\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/forwardaccounting.co.nz\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/forwardaccounting.co.nz\/#\/schema\/person\/3f9e6cddcb018b71c8beb32d1534f8b0\",\"name\":\"Matt Wilkinson\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/forwardaccounting.co.nz\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/43d2f41119748588dd9717939221d67f?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/43d2f41119748588dd9717939221d67f?s=96&d=mm&r=g\",\"caption\":\"Matt Wilkinson\"},\"url\":\"https:\/\/forwardaccounting.co.nz\/author\/bizinkwpadmin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Business Update \u2013 2 November 2022 - Forward Accounting","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/forwardaccounting.co.nz\/business-update-2-november-2022\/","og_locale":"en_US","og_type":"article","og_title":"Business Update \u2013 2 November 2022 - Forward Accounting","og_description":"Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. More price increases expected in 2023 Retail New Zealand said this week that there is no end in sight for rising prices due to inflation. The increases are expected to continue well into next [...]Read More... from Business Update \u2013 2 November 2022","og_url":"https:\/\/forwardaccounting.co.nz\/business-update-2-november-2022\/","og_site_name":"Forward Accounting","article_published_time":"2022-11-02T06:14:58+00:00","article_modified_time":"2022-11-14T03:05:56+00:00","og_image":[{"width":750,"height":500,"url":"https:\/\/forwardaccounting.co.nz\/app\/uploads\/2022\/03\/weekly-update-1-4.jpg","type":"image\/jpeg"}],"author":"Matt Wilkinson","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Matt Wilkinson","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/forwardaccounting.co.nz\/business-update-2-november-2022\/","url":"https:\/\/forwardaccounting.co.nz\/business-update-2-november-2022\/","name":"Business Update \u2013 2 November 2022 - Forward Accounting","isPartOf":{"@id":"https:\/\/forwardaccounting.co.nz\/#website"},"primaryImageOfPage":{"@id":"https:\/\/forwardaccounting.co.nz\/business-update-2-november-2022\/#primaryimage"},"image":{"@id":"https:\/\/forwardaccounting.co.nz\/business-update-2-november-2022\/#primaryimage"},"thumbnailUrl":"https:\/\/forwardaccounting.co.nz\/app\/uploads\/2022\/03\/weekly-update-1-4.jpg","datePublished":"2022-11-02T06:14:58+00:00","dateModified":"2022-11-14T03:05:56+00:00","author":{"@id":"https:\/\/forwardaccounting.co.nz\/#\/schema\/person\/3f9e6cddcb018b71c8beb32d1534f8b0"},"breadcrumb":{"@id":"https:\/\/forwardaccounting.co.nz\/business-update-2-november-2022\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/forwardaccounting.co.nz\/business-update-2-november-2022\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/forwardaccounting.co.nz\/business-update-2-november-2022\/#primaryimage","url":"https:\/\/forwardaccounting.co.nz\/app\/uploads\/2022\/03\/weekly-update-1-4.jpg","contentUrl":"https:\/\/forwardaccounting.co.nz\/app\/uploads\/2022\/03\/weekly-update-1-4.jpg","width":750,"height":500,"caption":"Weekly Update 1.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/forwardaccounting.co.nz\/business-update-2-november-2022\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/forwardaccounting.co.nz\/"},{"@type":"ListItem","position":2,"name":"Business Update \u2013 2 November 2022"}]},{"@type":"WebSite","@id":"https:\/\/forwardaccounting.co.nz\/#website","url":"https:\/\/forwardaccounting.co.nz\/","name":"Forward Accounting","description":"Moving your business ahead","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/forwardaccounting.co.nz\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/forwardaccounting.co.nz\/#\/schema\/person\/3f9e6cddcb018b71c8beb32d1534f8b0","name":"Matt Wilkinson","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/forwardaccounting.co.nz\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/43d2f41119748588dd9717939221d67f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/43d2f41119748588dd9717939221d67f?s=96&d=mm&r=g","caption":"Matt Wilkinson"},"url":"https:\/\/forwardaccounting.co.nz\/author\/bizinkwpadmin\/"}]}},"jetpack_featured_media_url":"https:\/\/forwardaccounting.co.nz\/app\/uploads\/2022\/03\/weekly-update-1-4.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forwardaccounting.co.nz\/wp-json\/wp\/v2\/posts\/7142"}],"collection":[{"href":"https:\/\/forwardaccounting.co.nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forwardaccounting.co.nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forwardaccounting.co.nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/forwardaccounting.co.nz\/wp-json\/wp\/v2\/comments?post=7142"}],"version-history":[{"count":0,"href":"https:\/\/forwardaccounting.co.nz\/wp-json\/wp\/v2\/posts\/7142\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forwardaccounting.co.nz\/wp-json\/wp\/v2\/media\/6894"}],"wp:attachment":[{"href":"https:\/\/forwardaccounting.co.nz\/wp-json\/wp\/v2\/media?parent=7142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forwardaccounting.co.nz\/wp-json\/wp\/v2\/categories?post=7142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forwardaccounting.co.nz\/wp-json\/wp\/v2\/tags?post=7142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}