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Consumers are avoiding paying $235m a year in GST by buying goods from overseas websites and that figure will grow to $935m in 10 years if the "loophole" isn't closed, Retail NZ says. Retail NZ policy manager Greg Harford said its estimate didn't take into account the possibility that shipments by Amazon to New Zealand consumers could increase once Amazon sets up distribution centres in Australia within the coming year. Amazon shares climbed above US$1000 (NZ$1400) for the first time this week, having risen by more than a third over the past year. Harford said there was "chatter" among Kiwi

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Image copyright AFP Image caption Pakistan's Shia have been targeted by militants, as in Parachinar on 31 March when a car bomb killed 24 Even today there are still widespread attacks launched largely by Sunni militants against Shia across Pakistan and the government has so far failed to bring this sectarian war to an end. Many Shia have left the country. Unity hit? The deal has prompted enormous debate in Pakistan, with the main opposition coming from Imran Khan's Tehreek-e-Insaf party, which says such a deal would worsen the Sunni-Shia rift in Pakistan. The main advocate of the plan is

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The sportswear giantannounced earnings on March 21. The company's sales and profits were hit by a slowdown in the retail industry. Sales growth for next quarter is looking bad, too. This has analysts seeing nextfiscal year as a "rebase year." The company is now focusing on shifting away from wholesale, and to building its direct-to-consumer infrastructure. As Nike shifts to focus on both direct to consumer and online, there is some expectation that it will be a rough time. As Nike shifts to focus on both direct to consumer and online, there is some expectation that it will be a rough time.

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