Outlook for NZ economy slips to negative
Outlook for NZ economy slips to negative
A second international credit rating agency has downgraded its outlook for the New Zealand economy.
Business
Massage parlour cops big fine for 'particularly egregious migrant exploitation'
Massage parlour cops big fine for 'particularly egregious migrant exploitation'
A Christchurch massage business has been fined $210,000 for exploiting migrant workers and ordered to pay them almost a quarter of a million dollars in wage arrears.
Labour lashed for supporting India trade deal
Labour lashed for supporting India trade deal
Labour is supporting an India-NZ trade agreement, giving National and ACT the numbers to enact it, and sparking criticism from NZ First which is firmly against the deal.
$3b fertiliser plant proposed
$3b fertiliser plant proposed
An Australian company has announced plans for a $3 billion fertiliser plant in Southland, converting lignite to urea.
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Wing sail cutting fuel costs for tanker
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Wing sail cutting fuel costs for tanker
Large sailing ships in Otago Harbour are a rarity these days, so when they do turn up, they tend to be easily spotted.
Ooh la la: Chanel buys stake in Central Otago farm
Ooh la la: Chanel buys stake in Central Otago farm
French luxury fashion house Chanel has bought a stake in a Central Otago high country station.
Westpac wants more protection by Meta
Westpac wants more protection by Meta
Westpac calling on social media giant Meta - owner of Facebook and Instagram - to do more to protect Kiwis from fraud and scams on its platforms.
Air NZ announces Airpoints rebranding
Air NZ announces Airpoints rebranding
Air New Zealand's loyalty programme is getting a rebrand.
Former union leader in bid to lead Meat Industry Association
Former union leader in bid to lead Meat Industry Association
A former Public Service Association national president is going to great lengths to express concern around proposed changes to meat inspector roles.
$3 billion fertiliser plant proposed for Southland
$3 billion fertiliser plant proposed for Southland
An Australian-led project could see Southland's lignite, or brown coal, reserves developed into urea fertiliser.
Building firm, shearer put in liquidation
Building firm, shearer put in liquidation
Two southern businesses have been placed in liquidation for appearing to fail to account for taxation.
Hardship withdrawals may affect entitlements
Hardship withdrawals may affect entitlements
People pulling out savings might not be aware what it means for their entitlements, a provider says.
Kiwibank latest to raise home loan rates
Kiwibank latest to raise home loan rates
Kiwibank is the latest bank to raise home loan interest rates, as concern grows about the future path of inflation.
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George St fashion store closing after 23 years
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Belle Bird boutique owner seeks new direction
Shelley Harvey started the store when she was 26 and has been in the same George St shopfront since 2003.
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Storm helped drive big claims rise
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Storm helped drive big claims rise
Of the record 46 storms to hit NZ over the past 12 months, Otago and Southland’s October 2025 windstorm was the most damaging, helping drive an ‘‘astounding’’ 256% increase in claims nationwide.
Business confidence plummets as war rolls on
Business confidence plummets as Middle East war rolls on
Business confidence has fallen sharply back to levels last seen in late 2024, with global geopolitical tensions weighing on firms' expectations for the economy.
Kiwi air filters used in lunar mission
Kiwi air filters used in lunar mission
It's one for small step for man, one giant leap for New Zealand wool.
Stadium has Christchurch businesses buzzing
Stadium has Christchurch businesses buzzing
Restaurants and bars closest to Christchurch's new stadium are gearing up for a bumper weekend, with 75,000 people expected at the arena over three days.
AI generating 'exorbitant' claims for tenants
AI generating 'exorbitant' claims for tenants
AI told a tenant in dispute she should ask for $40,000, but got just $80 from the Tenancy Tribunal.
Rising takeaway coffee prices help push food costs higher
Rising takeaway coffee prices help push food costs higher
An increase in the price of takeaway coffee in March helped pull food prices up 3.4% more than a year earlier.