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Economy

‘Budget 24 turns tide on wasteful spending’ – Seymour

Associate Finance Minister David Seymour says this Budget makes a good start in reducing low value government spending, and there is more efficiency to...

Commissions and agents decreasing as real estate market faces challenges

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 retail landscape faces shifts as Smith & Caughey’s closes and The Warehouse realigns strategy

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...

Super Fund to get more investment opportunities – Willis

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...

Smith & Caughey’s consider closure plan amid economic challenges

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...

Media: Gen Z is doomed

Years after the fact, the mainstream media is discovering that Gen Z is doomed. As CNN puts it, Gen Z is “earning less, has more...

Mortgage stress continues despite stable interest rates

Although interest rates seem to have stabilised with the Reserve Bank expected to maintain the official cash rate at 5.5%, the fallout in the...

Money’s grim future

Prepare for total control of your economic life. That is the message from Brownstone Fellow Aaron Day at his 4-hour workshop in San Jose, California...

Household debt crisis deepens: 40% more families seeking financial help

A recent report reveals a staggering 40% increase in the number of families seeking help from financial mentors, highlighting the worsening debt crisis in...

Drowning in debt: The paralysis at the heart of the US fiscal crisis

Washington is doing nothing about its deteriorating finances because there is nothing it can do without risking major upheaval. It can appear puzzling why at...

Getting new job seekers on the pathway to work

Jobseeker beneficiaries who have work obligations must now meet with MSD within two weeks of their benefit starting to determine their next step towards...

Cost of living support for low-income homeowners

Local Government Minister Simeon Brown has announced an increase to the Rates Rebate Scheme, putting money back into the pockets of low-income homeowners. “The coalition...

McClay ‘reaffirms strong NZ-China trade relationship’

Trade, Agriculture and Forestry Minister Todd McClay has concluded productive discussions with ministerial counterparts in Beijing today, in support of the New Zealand-China trade...

Changes made to Accredited Employer Work Visa scheme to curb ‘unsustainable net migration’

Immediate changes to the Accredited Employer Worker Visa (AEWV) scheme will ensure New Zealand is attracting the skills it needs, and reducing the vulnerability...

Americans skipping meals to cope with rising costs – poll

A new survey has found that half of US homeowners and renters are struggling to afford their housing payments. Half of Americans are struggling to...

Ardern government the ‘most destructive and divisive’ in NZ history – Spectator

An opinion piece by Amy Brooke in the Spectator Australia today accused Jacinda Ardern's government of turning 'Godzone' into a Second World country. Economic mismanagement,...

EV advocacy group predicts slow uptake of new road user charges

An electric vehicle advocacy group predicts that electric car drivers will not rush to start paying increased taxes, as new road-user charges come into...

Sanitarium to shelve cereals and cut 49 jobs

Leading breakfast food maker Sanitarium has announced a major shift in its product lineup, proposing to eliminate the production of muesli, granola, flake, clusters,...

Major tax Bill passed

The passing of legislation giving effect to coalition Government tax commitments has been welcomed by Finance Minister Nicola Willis. “The Taxation (Annual Rates for 2023–24,...

Prominent Aucklanders come out against 35-year lease of Downtown Port

A coalition of influential Auckland figures, including Sir Stephen Tindall, Lady Pippa Blake, Sir Ralph Norris, and MP Chlöe Swarbrick, has formally objected to...

‘GDP decline reinforces Government’s fiscal plan’ – Willis

Declining GDP for the December quarter reinforces the importance of restoring fiscal discipline to public spending and driving more economic growth, Finance Minister Nicola...

‘Trade access to overseas markets creates jobs’ – McClay

Minister of Agriculture and Trade, Todd McClay, says that today’s opening of Riverland Foods manufacturing plant in Christchurch is a great example of how...

Watch: Winston’s State of the Nation speech

Deputy Prime Minister Winston Peters gave his 'State of the Nation' speech today in Palmerston North. Watch Winston's Peter's 2024 State of the Nation speech....

World Consumer Rights Day – Know your rights

Today marks World Consumer Rights Day, and the Consumer Protection team at the Ministry of Business, Innovation and Employment wants to remind New Zealanders...

Retail spending falls for eighth quarter in a row

The total volume of retail sales fell 1.9 percent in the December 2023 quarter according to figures released by Stats NZ today. This follows falls...

Tougher sanctions aim to reduce welfare dependency

Social Development Minister Louise Upston has announced an increase in benefit sanctions starting June, focusing particularly on young jobseekers. The Ministry of Social Development (MSD)...

Luxon delivers ‘State of the Nation’ speech

Luxon delivered the speech today in Auckland In his inaugural 'State of the Nation' speech, PM Christopher Luxon outlined a comprehensive plan he claims will...

Budget will be delivered on 30 May – Willis

Plans to deliver tax relief to hard-working New Zealanders, rebuild business confidence and restore the Crown’s finances to order will be unveiled on 30...

Government to ‘focus on getting people into work’

The coalition government will refocus employment efforts and the welfare system so that supporting people who can work into jobs is the number one...

Central-bank buying spree driving demand for gold – report

Net purchases in 2023 almost matched the previous year’s record, the World Gold Council has said. Total gold demand hit the highest level on record...

Fast track consenting in the fast lane

The Government is progressing changes to resource management laws as part of its 100 Day Action Plan, with the first steps taken to establish...

Minimum wage to increase from 1 April

The Government has announced an increase in the minimum wage to $23.15 per hour from April 1, 2024. This represents a 2% increase from the...

Hungary responds to reported EU threat to destroy its economy

Budapest has continued to object to a planned aid package for Ukraine ahead of an EU summit this week. Hungary’s minister for European affairs, Janos...

David Seymour: State of the Nation 2024

Full text and video of ACT Party leader David Seymour's 'State of the Nation 2024' speech delivered this morning. https://youtu.be/AAB2KJCRpKo?si=OJldpJnM8RTjH2IE Introduction Good morning, fellow New Zealanders. Today I’d...

Argentinian President’s viral 20 minute speech on the evils of socialism leaves WEF globalists stunned

Javier Milei's speech has been viewed 27 million times on Twitter (X) alone, in less than a day. Argentina was once a world power, but...

‘Benefit numbers show scale of repair job ahead’ – Upston

Benefit numbers released today paint a grim picture of the previous government’s economic mismanagement, Social Development and Employment Minister, Louise Upston says. “The fact there...

Inflation in Argentina tops 200%

Consumer prices in Argentina have been soaring after devaluation of peso by Javier Milei’s new government. Annual inflation in Argentina exceeded 211% in 2023, marking...

Record number of corporate bankruptcies in France in 2023

Over 55,000 French businesses closed their doors in 2023, the Bank of France says. More than 55,000 businesses were shut down in France in 2023,...

Thank you for 2023. Now for 2024

I would like to thank all our readers, supporters and contributors for their support of DTNZ in 2023. Our readership grows month-to-month despite operating in...

NZ report card 2023: near the top of the class in some areas, room for improvement elsewhere

End-of-year results aren’t only for school and university students. Countries, too, can be measured for their progress – or lack of it – across...

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