Inflation tipped to reach two-year high
Inflation is set to hit its highest level in two years, driven by the spike in fuel prices caused by the Middle East war, backing the prospect of more interest rate hikes by the RBNZ.
Business
Govt gives $60m to save NZ's last cement plant
Govt gives $60m to save NZ's last cement plant
The government is providing up to $60 million in financial support to Golden Bay Cement to ensure its Northland operations can continue.
Job cuts at Creative NZ
Job cuts at Creative NZ
Creative New Zealand says it is cutting staff by about a third as it looks to implement a new operating model.
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Opinion: evidence needed when AI replaces jobs
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Opinion: evidence needed when AI replaces jobs
Finance Minister Nicola Willis and Justice Minister Paul Goldsmith recently announced that the core public service could be brought down to about 55,000 staff.
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Dunedin firm printing official Rolling Stones merch
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Dunedin firm printing official Rolling Stones merch
A Dunedin printing company is working with Universal Music to produce official merchandise for major international artists including The Rolling Stones and Gracie Abrams.
US expected to hike tariffs on NZ very soon
US expected to hike tariffs on NZ very soon
A global trade expert says New Zealand could be slapped with a blanket 12.5% tariff on all exports to the United States as early as Friday night.
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‘As prepared as we can be’ for bird flu
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‘As prepared as we can be’ for bird flu
Having once killed about 200,000 chickens to stamp out bird flu in Otago, Mainland Poultry says it is ‘‘as prepared as we can be’’ to respond to a more pervasive strain now in New Zealand.
Brace for rising fuel prices, AA says
Brace for rising fuel prices, AA says
Petrol and diesel prices are likely to increase again, but probably not as dramatically as earlier in the year, the Automobile Association says.
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From cooking for the super-rich to schoolboys
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From cooking for the super-rich to schoolboys
A globe-trotting chef who has traded cooking for the super-rich for catering to Dunedin schoolboys says there is ‘‘no way in hell’’ he would go back to working in a restaurant.
NZ investors lose as SpaceX shares nosedive
NZ investors lose as SpaceX shares nosedive
SpaceX's share price slump is a reminder to New Zealand investors of the hype that can circle a new listing, commentators say.
Price increases affecting sector
Price increases affecting sector
As residential construction costs continue to rise, conditions are becoming less favourable for both builders and households, an analytics company says.
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Apartments, retail to revive ‘dead’ site
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Apartments, retail to revive ‘dead’ site
A planned apartment and retail project in central Dunedin will breathe new life into a ‘‘dead’’ building, its developer says.
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Significant benefits seen in inland port
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Significant benefits seen in inland port
Construction of a proposed inland port near Mosgiel could inject more than $190 million into the economy and create nearly 1500 jobs over 10 years, an economic assessment estimates.
60 jobs threatened as Kaitāia mill confirms closure
60 jobs threatened as Kaitāia mill confirms closure
A mill in Northland is closing down, with no buyer or government investment stepping in to save 60 jobs under threat.
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Financial woes sink award-winning firm
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Firm director ‘pretty gutted’ unable to halt liquidation
The director of an award-winning Central Otago painting company being liquidated owing $1.6 million says he put his ‘‘heart and soul’’ into the business and is gutted he could not save it.
Food prices hit by conflict, but will it continue?
Food prices hit by conflict, but will it continue?
The impact of conflict in the Middle East is showing up in pressure on food prices as expected, three months after the conflict broke out, Infometrics says.
'Nothing to hide' in IKEA's NZ forestry operations
'Nothing to hide' in IKEA's NZ forestry operations
Swedish furniture company IKEA says it has "nothing to hide" with its forestry operations and is proud of what it is doing in New Zealand.
Gull, NPD complete merger
Gull, NPD complete merger
Fuel companies Gull and NPD have completed their merger after clearing regulatory hurdles earlier this year.
'Put the price of fuel up': raising taxes could lock in transport habit changes
'Put the price of fuel up': raising taxes could lock in transport habit changes
Raising fuel taxes as petrol prices start to fall could lock in the changes to transport habits kick-started by the fuel crisis, some say.
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Six new intern directors named for DCHL companies
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Six new intern directors named for DCHL companies
Dunedin City Holdings Ltd (DCHL) has announced the six emerging directors selected for the 2026 intake of the DCHL Graham Crombie intern director programme.