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2 September 2026

Higher interest rates add to pressure on struggling retailers

Downunder Voices Newsroom

Source reporting: rnz.co.nz

Higher interest rates add to pressure on struggling retailers

Retail NZ said retailers were dealing with high costs, tight margins and weak consumer demand before the OCR hike.

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2 September 2026

German port workers reject wage offer as renewed strikes loom

German seaport workers have rejected the latest wage offer from employers, raising the prospect of renewed industrial action at major ports including Hamburg, Bremerhaven and Wilhelmshaven. The latest development follows weeks of negotiations between the United Services Trade Union (ver. di) and the Central Association of German Seaport Operators (ZDS) over a new collective agreement covering around 11,000 port workers. According to ZDS, a majority of ver. di members rejected the employers’ improved offer following an internal consultation process.

Source: Container NewsOriginal source