Shock: credit card debt declines

Credit card debt results in annualised interest of $740 million being paid to banks and other card issuers.

Credit card debts at the end of June were lower than in June last year, so what's behind the drop?

What is this? video

Cutting-edge technology.

A plastic object was dropped into the Timaru Herald's mailbox with a note attached.

‘Rent men’ paid just to listen video

Takanobu Nishimoto and his employees work as a hired ear, paid just to listen.

Anyone in need of company can sign up to his Japanese online service to rent a man for $13.60 an hour.

Ex-warship and internet cable

HMNZS Resolution, which has a new name, will survey the route for an internet cable linking New Zealand to the United States.

Crown agency releases funds for subsea cable venture, paving the way for an internet cable to link NZ to US via Hawaii.

Competitor Foodstuff invests

Countdown recently opened a new store in Wellington as well as announcing the closure of six outlets.

'Countdown will be very cautious about its closures in the face of competitors'

more top stories

NZ's building boom

Steven Joyce and Nick Smith introduce the latest National Construction Pipeline Report at Three Kings Quarry.

Auckland to grow the size of Whangarei every three years, with NZ needing 50,000 more tradies by 2021.

Bar harassment apology

Victoria Kershaw, left, and Jay Thompson-Munn say staff at Vinyl Bar in Courtenay Place failed to take their complaint ...

Women who complained of "unwanted touching" were not taken seriously by Wellington bar.

Stranded at airport for 16 hours

American Airlines launched a flight between Auckland and Los Angeles last month.

Families forced to sleep in LA terminal overnight after Auckland flight was seriously delayed.

Let go after cancer diagnosis

260716.News.Photo:KEVIN STENT/FAIRFAX NZ.  Former Bayleys real estate agent Paul Berryman of Paraparaumu who is taking a ...

Real estate agent claims he was cut loose after disclosing terminal illness.

A real blast from the past

Craig Kenton with the biggest boombox ever made, the JC-2000.

A Dunedin man's collection of more than 400 working boomboxes is up for auction.

Sacked couple awarded $27,000

Earthworks have started on the cycle trail through Queen Elizabeth Park.

A couple told their four children there wouldn't be a holiday that year after they were "unjustifiably" fired.

Labour open to revamped TPP

Andrew Little says Labour is not a party of isolationism despite its opposition to the TPP

Labour open to negotiating a better TPP deal if it does not get US approval this year, says Andrew Little.

Backpacker jobs probe welcomed

MBIE is trying to ensure that backpackers willing to swap their labour for accommodation are not taken advantage of.

Alleged abuse of work exchange schemes is being investigated by the MBIE.

Countdown retreats while Foodstuff invests

Countdown recently opened a new store in Wellington as well as announcing the closure of six outlets.

'Countdown will be very cautious about its closures in the face of competitors'

Bella's Cafe closed

Bella's Cafe owner Karl Austen, front, and former business partner Alistair Pearson celebrating their 2008 Manawatu ...

Bella's Cafe, a three time winner of the Restaurant of the Year Award, has closed after 20 years.

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money

KiwiSavers in the money

KiwiSaver funds thrived despite Brexit market wobbles.

Conservative KiwiSaver funds ride the Brexit bumps better than aggressive funds.

Ray White signs Chinese deal

Real estate firm inks a deal with China's largest agency that will see Kiwi properties exposed to 260 million Chinese buyers.

House prices could plunge 11 per cent

Court battle over precious kauri

Panama Papers

Govt accepts foreign trusts plan video

Tax expert John Shewan has called for a shake up of New Zealand's laws around foreign trusts.

John Key accepts foreign trust rules need a radical overhaul following warnings not enough's being done to counter money laundering.

Judgment day for trusts video

The foreign trust inquiry by John Shewan has helped the Government save face.

NZ's foreign trust regime is a good little earner for some, but time may be running out.

Mossack Fonseca staffer held

Geneva prosecutors led a police raid of Mossack Fonseca's local office in which computer equipment was seized.

Computer specialist at the Panama law firm is taken into custody over huge leak.

Pedro Almodovar's Julieta video

Director Pedro Almodovar leaves the Juliet' premier.

"If the Panama Papers were a film," the acclaimed Spanish director said, "we wouldn't even be credited as extras."

small business

Nelson to get own shipping container mall

Concept sketch of Kirby Lane looking north from Bridge Street with The Kitchen and Bridge Street Collective on the right.

Construction on a new shipping container laneway is underway in Nelson.

The growing cyber insurance market

Is cyber insurance something that I should get and if so, how would it fit into my overall risk strategy?

OPINION. Q: Is cyber insurance something that I should get and if so, how would it fit into my overall risk strategy?

Frustrations of a freelancer

Freelancer Jean Flynn feels the pressure during school holidays.

OPINION: Working from home is great. Except in the school holidays.

Iraq to Atiamuri is the BeezNeez

Sisters Pauline and Helen Naylor are excited about the opportunities of the BeezNeez Lodge in Atiamuri.

Nurses think of how they can help the wider community as they make changes at a South Waikato lodge.

better business

Starbucks' new staff dress code

Why Starbucks' dress code shake-up matters.

OPINION: Here's what Starbucks' more relaxed employee dress code means.

Measuring what really matters video

Stacey Barr knows that performance measurement is about the process.

OPINION: Many think performance assessment is a brainstorming session. It isn't.

Supermarkets wise to self-service cheats

Self checkouts are closely monitored.

Defrauding a self-service counter likely to be less in New Zealand, expert says.

One lunch room to rule them all

A new $40m development in Tauranga's Cameron Rd.

Shared space is all the rage in one Tauranga commercial property.

opinion & analysis

Frustrations of a freelancer

Freelancer Jean Flynn feels the pressure during school holidays.

OPINION: Working from home is great. Except in the school holidays.

How tourism marketers exploit FOMO

Jealous much? Then you are a marketer's dream.

OPINION: Marketers leverage off our Fear of Missing Out it in any sector but perhaps never as much as promoting holiday destinations.

The value of living local

The Costs of Commuting study showed commuting cost Wellingtonians more than Aucklanders.

OPINION: Living local can be the secret to a happy and prosperous life.

Shelter from financial storm

Make steps to take shelter from a financial storm, says Martin Hawes.

ANZ boss David Hisco and his bank seem deeply worried about what may unfold in NZ.

farming

Fruit to the fore

Chinese consumers have shown an increased liking for kiwifruit, to judge by the latest trade figures.

A lift in the value of fruit exports has helped offset falling dairy receipts over the past year.

Nervous for Silver Fern Farms

A shareholder asks Silver Fern Farms chairman Rob Hewett a question at last year's meeting that approved the deal with ...

A stand-alone Silver Fern Farms remains just one bad year away from a financial disaster, writes Keith Woodford.

Bobby calf safeguards in force

Bobby calves destined for sale or slaughter must be at least four days old before they can be taken off farm.

Farmers and transporters will have to follow a new set of rules for transporting bobby calves by August 1.

Dairy protein to help sedentary

Cameron Mitchell, research fellow at Auckland University's Liggins Institute, loves mountain climbing. Here he is on Mt ...

A scientist is working to help middle-aged and older people out of their armchairs and into activity.

world

Oz Jamie's Italian up for grabs

Jamie's Italian restaurants' Australian franchise operator Keystone Hospitality Group was placed in receivership after ...

Receivers of Keystone Group put company's Australian Jamie's Italian franchise up for sale.

Foreign home buyers taxed

The cost of a typical home in the Vancouver area jumped 32 per cent over one year to hit C$917,800 (NZ$992,803) in June.

Canadian province slaps tax on foreign house buyers to cool red-hot market.

Nike boss' huge payday

CEO of Nike Mark Parker

Mark Parker reels in $68.07m, almost three times as much as he got in 2015.

Yahoo boss' golden parachute

Mayer, a star recruit from Google when she took the helm in 2012, has been paid handsomely during her tenure at the ...

Yahoo boss could rake in $80m severance if dumped from top spot after sale deal.

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