News
Icehouse Ventures closes largest ever growth fund
More than 600 investors supported the new fund, ranging from angel investors, high net worth individuals, and a number of large institutional investors.
Y2Q: The threats posed by mega-powerful quantum computers
The country's biggest institutions are working on an emerging risk to the security of digital assets and critical infrastructure.
Shipping prices likely to drop, but delivery could take longer
A collaboration between two of the world's largest shipping companies could drive down prices, but goods may take longer to arrive.
Hospitality sector calls for visa changes to attract staff
There aren't enough highly skilled hospitality workers in Aotearoa - and a shake-up is needed, industry players say.
Uncertainty expected to be economic trend for 2025
A new report says Donald Trump's policy agenda will have implications for the world economy, and central banks will tread carefully.
Premium liquor still going down well with consumers
Consumers are drinking less but many more are reaching for the top shelf when they do, says Spirits New Zealand.
Three quarters of businesses concerned about economic uncertainty
More than three quarters of a survey of more than 200 business leaders say economic uncertainty is their primary business concern.
Growth of data centres expected to match that of Sydney
Infratil thinks the centres will attract enough international investment in new renewable energy to power them.
Infratil revises forecast energy demand for data centres in wake of high demand
The infrastructure investor is more than doubling its forecast as demand grows beyond expectations.
Not a single prosecution despite SFO's focus on foreign bribery
The Serious Fraud Office says it is steadfast in its commitment to tackle foreign bribery, but it has not resulted in a single prosecution.
Commerce Commission looks to deregulate some fibre services
It is considering deregulating four of the seven fibre services where there's sufficient competition, including voice and transport services provided in all fibre areas.
Microsoft opens first hyperscale data centre in New Zealand
Microsoft says it's the most sustainable hyperscale centre in its portfolio.
'Pretty dire': More Kiwis head overseas for jobs
A lack of opportunities and inadequate salaries are driving people to seek employment overseas, recruiters say.
Debt pressures still a big issue across the economy - report
November data suggests many people are struggling with debt, as consumer and mortgage arrears are up year-on-year.
Some homes to pay $25 more a month for new power lines charges
And that's just the beginning. Some regions could be paying $85 a month in a few years' time for just lines charges.
Number of job ads continues to fall
The pressure on New Zealand's labour market is continuing to increase, with the number of job advertisements falling for three months in a row.
Tech sector revenue growth slows amid weak investment, higher costs
It's slowed one of the lowest levels in recent years with weaker investment and higher costs.
Industry works on plan to hire more disabled workers
A report indicates a potential pool of nearly 270,000 disabled workers that could help address skills shortages.
Concerns lack of risk management tools to help power companies could sting customers
A review of risk management options for electricity retailers indicated there are few, if any contracts for retailers to help manage price-risk during peak demand.
Back to basics for Spark after profit forecast cut
The company plans to reduce overheads by $30 million and its wages bill by $50m, and is considering the sale of non-core assets.
Tech start-up HealthNow rebrands to Extraordinary
HealthNow has changed its brand to Extraordinary, and repositioned the business to meet growing demand for an expanded range of low cost ways for employers to reward employees.
Spark dials back profit outlook and dividend payout
Digital and telco services company Spark is selling its stake in the Connexa towers business and considering the sale of other non-core assets, as it looks to offset weak consumer spending and…
Scott Technology scores $30 million in overseas contracts
Scott Technology has secured six major overseas contracts with European and North American food processors.
Electricity Authority wants to make it easier to connect to the network
The Authority is looking to reshape market rules to make it simpler for businesses and consumers to connect to the distribution network.