ASB hit with $6.7m fine for breaching money laundering laws
ASB has been penalised a record $6.73 million for seven breaches of anti-money laundering and countering financing of terrorism law.
Business
Hot water, heat pumps, electric blankets - winter power questions answered
Hot water, heat pumps, electric blankets - winter power questions answered
It's the season of higher power bills, but just how much are your appliances costing to run?
Southland, West Coast house prices continue to climb
Southland, West Coast house prices continue to climb
Buyers and sellers are facing mixed fortunes around the country, new data from property research firm Cotality shows.
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Failed Dunedin startup’s creditors out $2.2m
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Failed Dunedin startup’s creditors out $2.2m
A former employee of a failed Dunedin wine startup hopes its founders will never run a business again as the company leaves creditors nearly $2.2 million out of pocket.
Super round at new stadium defies forecasts
Super round at new stadium defies forecasts
Hosting three days of sold-out Super Rugby Pacific games over a super round at Christchurch’s new indoor stadium has paid dividends after visitors spent $13 million.
Global recall of Jeeps due to fire concerns
Global recall of Jeeps due to fire concerns
More than 1.3 million Jeep SUVs and trucks are being recalled worldwide due to fire concerns.
Travel insurance may not cover fuel price cancellations
Travel insurance may not cover fuel price cancellations
Don't count on insurance to help if your flight is cancelled because of fuel shortages, the Insurance and Financial Services Ombudsman says.
Govt dumps 'gas tax' levy to pay for LNG terminal
Govt dumps 'gas tax' levy to pay for LNG terminal
The government has backed down on paying for its LNG import terminal through a levy, and is imposing steeper fines on power companies to shore up energy supply.
Concern not enough workers to cope with tourists
Concern not enough workers to cope with tourists
The tourism workforce will not be big enough to cater for growing plane loads of travellers if more work is not done to attract additional staff, an industry leader says.
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Company ordered to make $2m payment
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Company ordered to make $2m payment
A farming company, overseen by a man who has business ventures across multiple sectors, all around the world, has been ordered to make a $2 million-plus payment after a stock food deal went sour.
Record number of power company complaints in past year
Record number of power company complaints in past year
Complaints made to Utilities Disputes about New Zealand's power companies have increased by 500% in the past five years and were up by another 62% in the last year.
Affordability improving for Kiwi renters
Affordability improving for Kiwi renters
Renters in New Zealand are set to face easier times than those across the Tasman, a new rental report suggests.
Liquidators closer to sorting out Twizel subdivision wrangle
Liquidators closer to sorting out Twizel subdivision wrangle
Liquidators are closer to sorting out a residential subdivision in Twizel after legal action brought on by a wealthy United States entrepreneur.
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Bringing up 65 years at ‘more than a place of work’
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Bringing up 65 years at ‘more than a place of work’
Val Braumann says ‘‘tired’’ is not in her vocabulary.
Trade tariff uncertainty continues
Trade tariff uncertainty continues
The Trump administration’s proposed 12.5% trade tariff based on forced labour concerns has baffled farmers just relieved beef remains exempt.
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Award-winning Dunedin restaurant closes
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Dunedin restaurant closes amid 'impossible' economic conditions
The closure of an award-winning Dunedin restaurant with eight years of skin in the game comes as established operators are finding economic conditions ‘‘impossible’’, a fellow business owner says.
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Upper level of Meridian Mall now full
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Upper level of Meridian Mall now full
Three new businesses will join a dedicated toy museum as the latest additions to the now fully stocked upper level at Dunedin’s Meridian Mall.
Queenstown's prime CBD store on the market
Queenstown's prime CBD store on the market
Queenstown CBD’s strongest retail location hits the market today.
1 million international passenger mark
1 million international passenger mark
Queenstown Airport was expected to welcome its one-millionth international passenger for the 2026 financial year (FY26) yesterday — the first time that milestone has been been reached.
NZ facing hefty tariff from US
NZ facing hefty tariff from US
Kiwi exports to the US already face a 10% charge but more could be coming after a surprise announcement.