Business

Rocket Lab looks to cash in on rise in US military spending

Rocket Lab founder Sir Peter Beck at an event for US Secretary of Defense Pete Hegseth at Rocket...

Rocket Lab looks to cash in on rise in US military spending

New Zealand-founded company Rocket Lab is well placed to benefit from the Trump administration's planned "Golden Dome" space missile shield, according to its chief executive Sir Peter Beck.

Gull NPD merger approved by Commerce Commission

Gull NPD merger approved by Commerce Commission

The Commerce Commission has greenlit the merger of fuel companies Gull and NPD.

World getting NZ's best while we eat cheap imports

Trade data shows butter is not the only item that has a higher price when made in New Zealand....

World getting NZ's best while we eat cheap imports

New Zealand is exporting much of its premium product - and then importing cheaper options for shoppers here, economists say.

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'Covid killed us': Historic furniture firm shutting up shop

Otago Furniture chief executive Allister Sneddon with half-made chairs at the company’s Dunedin...

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'Covid killed us': Historic furniture firm shutting up shop

One of Dunedin’s oldest companies, Otago Furniture, is closing its doors.

AI deepfakes powering sophisticated fraud

AI deepfakes powering sophisticated fraud

Advanced identity fraud spurred on by artificial intelligence (AI) is costing New Zealand businesses an average $2.2 million each scam.

New facility to boost NZ’s gas supplies

Minister for the South Island James Meager speaks at the announcement of a multimillion-dollar...

New facility to boost NZ’s gas supplies

A multimillion-dollar facility being built in Christchurch will boost medical and industrial gas supplies.

Fog halts port operations

Fog so thick ‘‘lights didn’t make a dent’’ stopped ships going in and out of Port Otago.

TVNZ breached standards over Trump report: BSA

TVNZ breached standards over Trump report: BSA

The complaints focused on supposed comments made by President Trump after the arrest of a man alleged to have shot activist Charlie Kirk.

Warning unemployment rate set to get worse

Warning unemployment rate set to get worse

An economist warns the unemployment rate could reach up to 6% due to the war in Iran, and there's increasing concern for young people struggling to find work.

Aurora chairman to step down

Aurora Energy chairman Steve Thompson will step down at the end of September.

CNN founder Ted Turner dies

Ted Turner, the brash sportsman and entrepreneur whose ambition and instincts led to a media empire that included ground-breaking news network CNN, has died, aged 87.

Santana clears OIO hurdle for Bendigo gold project

Santana Minerals CEO Damien Spring. Photo: RNZ

Santana clears OIO hurdle for Bendigo gold project

The company behind the Bendigo‑Ophir gold project has received Overseas Investment Office consent to purchase the land required to progress the development.

Fuel stocks down slightly across all types

Fuel stocks down slightly across all types

Fuel stocks of all three types of fuel are down slightly - although MBIE says that's expected given the recent arrival of several shipments.

'Really bad timing': Farmers set to cop ferry fuel surcharge

'Really bad timing': Farmers set to cop ferry fuel surcharge

An industry leader in livestock transport has described price hikes for freight crossing Cook Strait as coming at the worst possible time of year for farmers.

Unemployment rate drops slightly in first quarter

Unemployment has eased from a decade-high through a mix of more jobs being added and a rise in the number of people not chasing work.

How can foreign foods be cheaper than home grown?

The sunny yellow block of butter (left) from grass-fed cows is New Zealand made, while the...

How can foreign foods be cheaper than home grown?

Consumers are questioning why foreign butter and veges are sometimes cheaper than NZ-made.

SFF to reinvest earnings in Finegand facility

The Finegand meat plant has been a major employer in South Otago since it opened more than a...

SFF to reinvest earnings in Finegand facility

Silver Fern Farms has announced its largest single capital investment project ever undertaken: more than $100m to be spent on new freezing, cold storage and automation facilities at its Finegand site.

Unemployment expected to stay at near-decade high

Major bank economists expect the unemployment rate to stay unchanged at 5.4 percent or nudge...

Unemployment expected to stay at near-decade high

Unemployment looks set to linger around a near-decade high as the Middle East conflict dampens tentative signs of a recovery this year.

Westpac six month profit rises to $545 million

Westpac's made provision of $37m for bad debts compared with $33m the year earlier. Photo: RNZ /...

Westpac six month profit rises to $545 million

Westpac New Zealand's first half profit is up 4 percent on the year earlier, though bad debts are on the rise.

Interislander hikes surcharge for commercial vehicles

Interislander hikes surcharge for commercial vehicles

The Interislander is hiking its fuel surcharge to 54% on commercial vehicles and trucks crossing Cook Strait due to soaring energy prices from the Middle East conflict.

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