Govt: Fuel supplies ok but 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".
Business
Rocket Lab wins $330m US Department of War contract
Rocket Lab wins $330m US Department of War contract
Rocket Lab has won a $US190 million (NZ$327m) contract from the United States Department of War, formerly the Department of Defence, for a series of hypersonic test flights using its HASTE launch...
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.
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Dunedin house prices up
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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
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.
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Business doing well but no buyers
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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
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.
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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
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.
IRD warning to employers not passing on PAYE tax
IRD warning to employers not passing on PAYE tax
Employers are being warned that they could be sent to prison if they take tax from their employees' pay and do not send it to Inland Revenue.
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City’s brand tops with strategist
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City’s brand tops with strategist
Since moving to Dunedin three years ago, brand strategist Bron Williams hasn’t looked back. She talks to business editor Sally Rae about life in the southern city.
Call to work from home over rising fuel prices
Call to work from home over rising fuel prices
The govt is being asked to let the public sector work from home where possible due to rising fuel prices - and some private employers are considering what support could be offered.
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Flight cuts a concern — mayor
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Flight cuts a concern — mayor
Dunedin Mayor Sophie Barker says visitor numbers to Dunedin were on the up so Air New Zealand’s decision to reduce the number of flights into the city is extremely disappointing.