Navigation for News Categories
Business
Featured Business stories
Contact fined $160,000 for system failure affecting Huka Falls
Contact Energy Limited has been convicted and fined over a major incident at its Wairakei geothermal field in 2019.
-
Mighty Ape online retailer sells to Australia's Kogan
One of Australia's leading online retailers, Kogan.com, has bought one of New Zealand's biggest, Mighty Ape.
-
New government procurement target to support Māori economy post-Covid
The government has set a new 5 percent procurement target for Māori businesses in a bid to support the Māori economy post Covid-19.
-
Westpac assesses climate-related lending risks
Westpac Bank has taken stock of its exposure to climate change with the issue of its first Climate Risk Report.
Business headlines with summaries.
-
NZ allows trial shipments of Tongan watermelon after suspension
New Zealand has given Tongan exporters a temporary approval permit to send watermelons to the country under special conditions after a fruit fly discovery earlier this year brought shipments to a…
-
Government's finance books stronger than expected
The government's finances are in much better shape than expected, with strong domestic spending propping up the tax take.
-
Reserve Bank warns insurer over repeated non-disclosure
The Reserve Bank has issued formal directions to a local insurance company after repeated non-compliance in disclosing information.
-
Superloans firms warned after complaints
Two companies within the Superloans group have been warned by the Commerce Commission after an investigation following a number of complaints from consumers and budget advisors.
-
Tower expands with boat insurance offerings
Club Marine is quitting New Zealand and will refer customers renewing policies to Tower, which is also going to offer a new boat insurance product to the local market.
-
Report urges NZ-led reform of trade system
New Zealand needs to help lead reform of the international trade system amid increasing protectionism and supply-chain chaos, according to a new report.
-
Zespri aiming for Crown research partnership to develop new kiwifruit varieties
The proposed centre would be dedicated to breeding new kiwifruit cultivars, creating healthier, better tasting and more sustainability-focused varieties to fulfil growing demand, the company says.
-
Licence to grow gold kiwifruit added to Gisborne rateable land value
Authorities have decided a $400,000 per hectare licence to grow gold kiwifruit adds value to the land, and will mean a sizeable rates increase.
-
New rules for money lenders aims to protect all consumers
The government is continuing its crackdown on loan sharks, introducing new rules to protect against unaffordable loans.
-
Qtown hospitality visa change welcome, but no 'game-changer'
Immigration New Zealand announced 21 tourism and hospitality roles have been added to the undersupply list for Queenstown Lakes in response to the lack of New Zealanders available to fill jobs.
-
Covid-19: Economic effects expected to endure in New Zealand
New Zealand businesses expect the economic effects of Covid-19 to affect them for longer than their global counterparts do.
-
ACC records paper loss of $5.9 billion
The Accident Compensation Corporation made a paper loss of $5.9 billion as falling interest rates pushed up the cost of future injury claims.
-
Problems at offshore fields lead to reduced natural gas production
Gas supplies are set to be reduced because of problems at several of the country's biggest fields.
-
Massive disparity between seller and buyer's estimated oil reserves
The company wanting to buy the Maari oil field off the coast of Taranaki believes there's three times more oil left to exploit than official estimates.
-
BNZ warned over likely responsible lending breaches
BNZ bank has been given a warning by the Commerce Commission after it admitted to possible breaches of the Credit Contracts and Consumer Finance Act.
-
Anti-mining group fights Coromandel gold mining business
Anti-mining group Coromandel Watchdog claims the plan will threaten a critically endangered frog and erodes the government's promise to protect conservation land from new mines.
-
US billionaire increases share in Weta Digital ownership
The US billionaire Sean Parker has been cleared to buy more shares in Peter Jackson's company Weta Digital.
-
House prices inflate at fastest level in 16 years - CoreLogic
Property research firm CoreLogic's house price index rose 2.1 percent last month, with the average house price hitting $769,013.
-
Sky TV boss resigns, plans to return to Europe
Sky Television chief executive Martin Stewart is resigning after less than two years in the role.
-
Unilever to trial 4-day working week with NZ-based staff
Global consumer goods company Unilever will use its New Zealand staff to trial a four-day working week, at full pay.
-
Automation flaw at Auckland port causes another setback
Ports of Auckland has stopped the use of its 27 automated machines after one of the robots jumped a concrete barrier, hitting a shipping container. Audio
-
Cherry growers nervous over limited seasonal pickers available
With the border remaining closed to seasonal workers, cherry growers fear huge losses during January's peak harvest time.
-
Qantas to outsource more than 2000 ground crew jobs
Qantas is outsourcing the ground staff roles across 10 airports in a bid to lower costs as it faces a financial hit from the pandemic.
-
Kathmandu chief executive Xavier Simonet resigns
The chief executive of the outdoor clothing retailer Kathmandu has resigned.
Top News stories
- US hits record Covid-19 cases and hospitalisations
- Māori Party leaders aspire to transform Aotearoa for the better in maiden speeches
- Departing surgeon says DHB not giving West Coasters the care they deserve
- Why 'sorry' matters: Stuff's apology for its portrayal of Māori
- Black Caps defy conditions on day one