Geof Mortlock, a former senior economist at the Reserve Bank, has called for urgent reforms to the Reserve Bank's board and performance assessments in...
The government has outlined its commitment to delivering affordable and secure electricity through the release of its Government Policy Statement (GPS) on electricity, Energy...
The government has announced a sweeping fast-track approval process for 149 critical projects across various sectors, including transport, housing, and renewable energy.
The Fast Track...
Winstone Pulp International, a major employer in the Ruapehu District for 45 years, has closed its doors for the final time.
The mill provided hundreds...
Prime Minister Christopher Luxon has announced that the Government’s Quarter Four (Q4) Action Plan will focus on streamlining infrastructure development in New Zealand as...
Alliance Group has proposed shutting down its 139-year-old Smithfield meatworks in Timaru, citing a significant drop in sheep processing numbers.
The decision, which could result...
In a speech today, Treasury's deputy secretary and chief economic adviser, Dominick Stephens, highlighted the financial strain New Zealand faces due to an ageing...
A heated exchange occurred between a frustrated shopper and Woolworths’ new CEO, Amanda Bardwell, during her visit to a Wollongong store.
The shopper accused the...
Dairy co-operative Fonterra reported a strong profit exceeding $1 billion for the year, though lower than last year's record due to easing tailwinds like...
New Zealand’s economy shrank by 0.2 percent in the second quarter of 2024, as key sectors like retail, construction, and agriculture saw significant declines,...
Imagine a world where ownership is a distant memory, replaced by an eerie semblance of joy in dispossession.
In 2016, Klaus Schwab, the enigmatic architect...
A comprehensive package of reforms to the benefit system unveiled today will shift more people off Jobseeker Support into employment and introduce tougher consequences...
So asks the Wall Street Journal, in an uncharacteristically gloomy article for the bull market’s paper of record.
They kick off with the problem: America...
The most powerful companies in the world have united against free speech, and they’ve deployed your tax dollars to fund their mission.
Last week, the...
New Zealand's services sector has experienced a significant downturn, with the BNZ-Business New Zealand Performance of Services Index (PSI) plummeting to a record low...
New Zealand apparently experienced 'a significant surge in household wealth' during 2021, creating a 'generational divide' that economists believe may never be seen again.
Stats...
The International Monetary Fund (IMF) has criticized Washington for the persistent “misalignment” of its fiscal policy.
US budget deficits and soaring debt present a “growing...
Many New Zealanders, especially those on parental leave, are facing unexpected tax bills amounting to thousands of dollars due to automated income tax assessments...
New Zealand’s gross domestic product (GDP) rose 0.2 percent in the March 2024 quarter, following a 0.1 percent decrease in the December 2023 quarter,...
Significant business deals have been closed during the visit of Prime Minister Christopher Luxon to Japan this week, including in the areas of space,...
The National Infrastructure Pipeline, which provides a national view of current or planned infrastructure projects, from roads, to water infrastructure, to schools, and more,...
Buy-now-pay-later provider Laybuy has announced the appointment of receivers, marking the end of its long battle to achieve profitability.
Founder Gary Rohloff told state media...
Trade Minister Todd McClay and Climate Change Minister Simon Watts travel to Singapore on Monday to sign three Indo Pacific Economic Framework (IPEF) agreements.
IPEF’s...
New Zealand’s Central bank, the Reserve Bank of New Zealand (RBNZ) have opened a consultation on central bank digital currencies (CBDCs).
The consultation closes July...
Nicola Willis's inaugural budget has been criticised by the Taxpayers’ Union, which has labelled it “The Mother of All Disappointments,” accusing it of failing...
Full text of Finance Minister Nicola Willis' speech to the House of Representatives on Budget Day 2024.
Mr Speaker,
I move that the Appropriation (2024/25 Estimates)...
Prime Minister Christopher Luxon says Budget 2024 delivers on the Government’s promises, with savings across the public sector being reinvested in frontline services and...
Associate Finance Minister David Seymour says this Budget makes a good start in reducing low value government spending, and there is more efficiency to...
The real estate industry is facing tough times, with increased workload and reduced sales leading to a decline in the number of active salespeople.
According...
NZ's retail sector is undergoing significant changes as Smith & Caughey's, a 144-year-old retail icon, announced plans to shut down, impacting around 250 jobs...
Finance Minister Nicola Willis has welcomed the passage of legislation giving the New Zealand Superannuation Fund a wider range of investment opportunities.
The New Zealand...
The iconic Auckland department store with a 144-year history, has announced closure plans for both its physical and online outlets, expected by early next...