Otago hotel goes from 'best in country' to liquidation
The company which was operating an Otago hotel once voted the best country pub in New Zealand has been placed in liquidation.
Business
EU eyes energy tax cuts, subsidies to ease war impact
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.
Trampoline park forced to close amid tough times
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'
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 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
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
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.
SUBSCRIBER
Dunedin house prices up
SUBSCRIBER
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
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'
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?
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.
SUBSCRIBER
Business doing well but no buyers
SUBSCRIBER
Business doing well but no buyers
This is another story of a hospitality business closing.
How NZ's fuel escalation levels work
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?
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
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 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.
SUBSCRIBER
Flights fright: business already hit, regional leader says
SUBSCRIBER
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
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.