Business

EU eyes energy tax cuts, subsidies to ease war impact

European Commission President Ursula von der Leyen. Photo: Reuters

EU eyes energy tax cuts, subsidies to ease war impact

EU leaders want temporary measures to mitigate the impact of a surge in energy prices caused by the Iran war, with electricity tax cuts, lower grid fees and state support put forward as possible short-term fixes.

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Building company goes bust owing $500,000

Construction activity fell sharply. Photo: ODT Files

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Building company goes bust owing $500,000

A Christchurch building company has gone into court liquidation owing just over $500,000 in mainly unpaid tax bills.

Trampoline park forced to close amid tough times

The MoveX Trampoline and Ninja Park on Maces Rd in Bromley. Photo: Supplied

Trampoline park forced to close amid tough times

A Christchurch indoor trampoline park has closed its doors after the company that runs it went into liquidation.

Another recession looming, economists warn

Another recession looming, economists warn

Kiwis are already feeling the expensive ripple effects of the war in Iran - and economists are warning that the real impact is only just beginning.

Fuel supplies: Govt preparing for 'worst-case scenario'

Finance Minister Nicola Willis and Prime Minister Christopher Luxon. Photo: RNZ

Fuel supplies: Govt preparing for 'worst-case scenario'

Prime Minister Christopher Luxon says New Zealand has "sufficient fuel supplies" amid war in the Middle East, but "things could get worse before they get better".

Rocket Lab wins $330m US Department of War contract

Rocket Lab founder and chief executive Sir Peter Beck. Photo: Supplied / Rocket Lab

Rocket Lab wins $330m US Department of War contract

Rocket Lab has won a big contract from the US Department of War, formerly the Department of Defence, for a series of hypersonic test flights using its HASTE launch vehicle.

AI factory means more turbines: Mercury

The AI factory proposed for Makarewa. Image: supplied

AI factory means more turbines: Mercury

Selling 140MW of electricity to a new data centre near Invercargill will lead to the further development of renewable electricity which ultimately will help with energy prices, Mercury Energy says.

Big promoters accused of holding govt to ransom

The government won't say how much it paid to get Robbie Williams for shows in Auckland and...

Big promoters accused of holding govt to ransom

There are allegations of corporate concert welfare and promoters holding the government to ransom over funding for big events while home grown talent is left out.

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Dunedin house prices up

Dunedin’s average home value increased by 2.6% over the summer to $652,147, bucking the national...

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Dunedin house prices up

While home values across the country have remained "largely static" over summer, the QV House Price Index shows southern regions have bucked the trend and increased.

Picking the best rate in an uncertain time

Economists were split on whether the conflict in the Middle East would mean lower or higher...

Picking the best rate in an uncertain time

The right term to pick depends a lot on how you think the economy will fare through this year.

Wattie's plan to quit frozen vegetables 'kick in the guts'

The Wattie's factory in Christchurch. Photo: Nathan McKinnon / RNZ

Wattie's plan to quit frozen vegetables 'kick in the guts'

About 220 farmers in Canterbury are worried about their future as Wattie's considers closing several NZ factories, including its Hornby plant, and cutting hundreds of jobs.

Is Nicola Willis' 'worst case scenario' too optimistic?

Finance Minister Nicola Willis. Photo: RNZ

Is Nicola Willis' 'worst case scenario' too optimistic?

Finance Minister Nicola Willis might be being optimistic if she thinks inflation at 3.7 percent is a "worst case scenario", one economist says.

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Business doing well but no buyers

Jolanda and Richard Foale are closing their business Coffee and Burger Afloat on the waters of...

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Business doing well but no buyers

This is another story of a hospitality business closing.

How NZ's fuel escalation levels work

Despite the conflict in the Middle East and growing worries over global oil supply, NZ remains at the lowest level of official concern - but that could quickly change.

Why has the price of mince risen 23% in a year?

The average price of a kilogram of beef mince was now $4.60 more than the same time in 2025....

Why has the price of mince risen 23% in a year?

Food prices were up 4.5 percent in the year to February, and mince has recorded the biggest annual increase since data began.

Dubai airport resumes flights after drone attack

Smoke rises from an area near the Dubai International Airport after a drone attack hit a fuel...

Dubai airport resumes flights after drone attack

Dubai's international airport is gradually resuming flights, authorities say, after a fire caused by a drone attack forced a temporary suspension to one of the world's busiest air travel hubs.

Food prices could be impacted by fuel crisis

Food prices are likely to be impacted if the war in the Middle East keeps pressure on oil prices....

Food prices could be impacted by fuel crisis

Food prices are likely to rise if war in the Middle East keeps pressure on oil prices - but some types of food may be more affected than others.

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Flights fright: business already hit, regional leader says

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Flights fright: business already hit, regional leader says

Businesses are already feeling the pinch from Air New Zealand’s latest cuts to flights, and the ongoing impact to regional connectivity is becoming ‘‘significant’’, a Dunedin business leader says.

Fish processor fined $20,000

The company received 27 shipments of the live green-lipped mussels. Photo: NIWA/Rebekah Parsons-King

Fish processor fined $20,000

A Christchurch-based fish processor has been fined $20,000 for illegally handling live mussels from a restricted biosecurity zone.

Willis lays out fuel 'worst case scenario'

Willis lays out 'worst case scenario' amid potential fuel crisis

Finance Minister Nicola Willis is downplaying the economic risks New Zealand faces in the wake of the war in the Middle East and closure of the Strait of Hormuz.

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