News
Auckland Airport reveals its $10 billion improvement plan
Among the projects outlined in the 10-year capital improvement plan are an integrated domestic terminal and a new cargo precinct.
NZ dollar drops against UK, US currencies
The Kiwi dollar fell to a seven-year low against the British pound and six-month low against the US currency amid a global economic downturn.
Too costly to achieve 100% renewable energy with current tech - Contact Energy
Contact Energy says investment in carbon reduction should be focused on getting to 97 percent renewable, not 100.
Corporate reporting forecasts low market earnings to continue
Analysts are expecting the upcoming corporate reporting season to deliver a mixed bag of results, with falling consumer demand and increased costs a drag on earnings.
Businesses tipped to save $105m annually due to reduction in payment fees
The Commerce Commission expects merchants to pass on an estimated $105 million a year in savings on Mastercard and Visa card fees charged to consumers or will consider further regulation.
Change of govt a threat to 200,000 people's Fair Pay Agreements - union
Any gains may be short-lived if the general election results in a change of government.
Sharemarket could be helped by lower NZ dollar
A lower New Zealand dollar may help revive the local sharemarket which has had a lacklustre first half of the year.
Not enough info to compare Lake Onslow to other power options - PCE
Alternatives to the Lake Onslow hydro storage lake have not been fully explored, according to the Parliamentary Commissioner for the Environment.
Qantas plans to develop sustainable aviation fuel for use by 2050
The head of Qantas says there is a path to zero carbon emissions by 2050 for the aviation industry, but does not see green hydrogen in the mix.
Another step for Tiwai Point after deal struck
The Tiwai Point aluminium smelter (NZAS) and Meridian Energy have been given a green light on a deal to allow for greater demand flexibility from the smelter during peak periods.
Greenwashing claims: Businesses need to ensure they are truthful and accurate - ComCom
The consumer watchdog is counting on businesses to monitor each other when it comes to environmental or other sustainable development claims about products or services.
Infratil to take full ownership of One NZ in $1.8b deal
The infrastructure investor currently owns about half of One NZ, formerly Vodafone.
ComCom defends track record on businesses' greenwashing
The response comes in the wake of a call by Consumer New Zealand for a targeted investigation so that consumers are not misled.
NZ 'well placed' to reach 100% renewable energy - but obstacles must be overcome
New Zealand has potential to become a world leader in the export of renewable energy, though it has hurdles - including community resistance to resource development.
Banks stay cautious over cryptocurrency, goal to 'keep customers safe'
The country's biggest banks are making no apology for tight controls and even bans on cryptocurrency users and traders.
Greenwashing investigation into Kiwi businesses needed - Consumer
Air NZ's inflight cups are an example of greenwashing, Consumer NZ says, as it calls for a formal investigation into businesses' environmental claims.
2degrees says 100% mobile coverage possible in 2 to 3 years
2degrees expects to be offering customers 100 percent mobile service coverage to remote locations within two to three years.
Banks accused of intimidation by crypto currency dealer
One of the largest crypto currency dealers in New Zealand is calling out what it says is bullying behaviour by some of the biggest banks.
Using AI to protect Kiwi-made products
Executive director Dane Ambler said the investment was expected to pay for itself quickly.
Forestry contractors in danger of shutting down en masse - industry group
Forest industry contractors are rapidly abandoning their business, following too many tough years with no improvement in sight.
NZ dollar appeal down 3 percent after halt on further OCR hike
The Kiwi dollar is under pressure after the Reserve Bank effectively called a halt to further monetary tightening after its last 25 basis point rise to 5.5 percent last week.
Reduce in demand for product sees Fisher & Paykel Healthcare profits go down
The company was returning to a normal state following the Covid-19 pandemic, which drove soaring demand for its products, its chief executive says.
Mainfreight says supply constraints should ease with plenty of capacity now
There is reportedly plenty of capacity available to get goods moving again, despite some industries reporting ongoing supply constraints.
Kiwi tech investment hits all-time high
Tech investment reached a record high last year, with a smaller number of bigger deals led by foreign investment.
Not enough money, labour to complete long list of infrastructure projects
Infrastructure leaders are considering new user charges as one way to make the most of a $92 billion wish list of projects over the next five to 10 years.