AGP Executive Report
Last update: 9 hours agoMicrosoft Outage: A global outage lasting more than 16 hours disrupted Outlook and Teams, leaving New Zealand businesses scrambling and forcing Immigration New Zealand to pause visa processing. Microsoft said the disruption was not caused by malicious activity, but fixes were slow to take hold. Markets and Business: The NZX 50 gained 1.3% over the week despite Friday’s fall. KMD Brands surged on takeover interest, while Mainfreight rose after a strong first-half result; Xero also reported 20% revenue growth to NZ$1.2 billion. Economic Pressures: Manufacturing continued to expand in October, but growth eased as fuel costs climbed. Card spending fell for a third month, while housing sales and prices weakened further. Trade and Investment: Caretaker Prime Minister Christopher Luxon and Trade Minister Todd McClay will attend APEC in China, where leaders will discuss ways to make trade easier. APEC economies buy 75% of New Zealand’s exports.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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