Superyachts by the numbers

The 141-metre Serene, pictured in Marlborough’s Bay of Many Coves in 2015, is one of the world's largest yachts.

Here’s what the numbers tell us about the industry in New Zealand and how likely (or otherwise) you are to ever set sail aboard your own vessel.

Air NZ, Auckland Airport shares take off while NZX50 falls 1%

Travel-related stocks such as Auckland Airport and Air New Zealand were a highlight in a negative session.

The NZ sharemarket slid after bad news from Wall Street, but travel-related stocks were a highlight.

Mother, son fined $3m after appeal of money laundering conviction fails

Qiang Fu and his mother, Fuqin Che, failed in their appeal of their conviction and fine.

In 2020, Qiang Fu and his mother were the first people in NZ to be sentenced for criminal offending under new laws.

Why do we let scammers off the hook? video

Cybercrime is the second least reported crime, the Crime and Victimisation Survey indicates.

OPINION: I’ve had dozens of calls from crooks claiming to be from “the windows department”, or “the IT service desk”. They were attempts at thefts. I reported none.

Australian tax incentive a threat to NZ gaming industry, association says video

New Zealand Game Developers Association chairperson Chelsea Rapp says game studios are eyeing a move to Australia to ...

A new tax incentive attracting gaming companies to Australia is posing a risk to New Zealand's burgeoning sector, association warns.

more top stories

Six ways to rebrand Feta in the land of the strong white cloudy cheese

Under EU trade negotiations, New Zealand faces not being able to use common cheese names such as feta.

Our European friends have given us a big fat ultimatum to stop using the word. But we've already found some ways to sidestep it.

Uber's control of drivers intense and unrelenting, court hears video

In the wake of the pandemic, lots of us have side hustles. Just some extra bit of work that we do to make extra money.

Driver contracts are so complex “you could put Albert Einstein in the vehicle and he would be just as vulnerable”, a lawyer says.

Air NZ, Auckland Airport shares take off while NZX50 falls 1%

Travel-related stocks such as Auckland Airport and Air New Zealand were a highlight in a negative session.

The NZ sharemarket slid after bad news from Wall Street, but travel-related stocks were a highlight.

Cheat sheet: Why you need to say goodbye to 'feta' video

New Zealand cheesemakers have to stop using the name Feta within nine years.

Confused about why a new NZ-EU trade deal will take away the name of your favourite crumbly cheese? Here's all you need to know about the new trade deal.

Mother, son fined $3m after appeal of money laundering conviction fails

Qiang Fu and his mother, Fuqin Che, failed in their appeal of their conviction and fine.

In 2020, Qiang Fu and his mother, Fuqin Che, were the first people in New Zealand to be sentenced for criminal offending under the Anti-Money Laundering and Countering Financing of Terrorism Act.

Focus on 'opportunities to do good' to help get through tough times

Tom Sturgess, speaking via video link from the United States, told business leaders to use empathy and humility in ...

Business leaders were encouraged to focus on the positive with tips on effective leadership during tough economic times at Chamber of Commerce event.

More than 61,000 new residents fast-tracked so far through special visa

Nearly 6000 health workers are among people applying for the one-off 2021 resident visa.

Nearly 6000 health workers and 761 teachers are among 200,000 people to apply for a one-off resident visa which closes on July 31.

Australian tax incentive a threat to NZ gaming industry, association says video

New Zealand Game Developers Association chairperson Chelsea Rapp says game studios are eyeing a move to Australia to ...

A new tax incentive attracting gaming companies to Australia is posing a risk to New Zealand's burgeoning sector, association warns.

New Zealand-EU free trade deal blocks use of the name Feta video

New Zealand cheesemakers have to stop using the name Feta within nine years.

The EU has also succeeded in securing the right to restrict new names in the future, association says.

Med Journal saved from liquidation

The New Zealand Medical Journal (NZMJ), which has been running for 136 years, has been saved by the Pasifika Medical ...

The 'taonga' 136-year-old New Zealand Medical Journal will live on even if its publisher of more than a decade dies.

money

Prices 'likely to keep rising faster for longer' video

The cost of living is going to keep rising quickly, and for longer than the Reserve Bank expects, one economist says.

Prices may continue to rise at a faster rate than currently forecast, and will remain high into the future, Susan Edmunds reports.

Stark reality of men and women's earning power laid bare in latest statistics play stuff

Overall, the national gender pay gap is coming down, at the end of the last century it was 16%, now it's just over nine.

How Roe v Wade can influence KiwiSaver and investing

Covid's testing time for travel insurers video

prosper

What I've Learned: Outsource what you can to get your time back

Tess Dwyer started her business to get more time with her kids.

Tess Dwyer, owner of Upstaged Home Staging, found running a business was more difficult than anticipated.

How to pick a name for your new business or brand

About 45,000 businesses are started in Aotearoa every year.

OPINION: Since Covid we’ve seen an explosion of new ventures set up, as Kiwis coming up with new business ideas, side hustles or acting on a dream to work for themselves.

The startup developing a RAT test for facial eczema in cattle

Tokaora Diagnostics founded by Frey and Pam Livingston won Venture Taranaki’s PowerUp Kickstart competition.

The mother and son duo, who've won $10,000 in seed money, say their Covid RAT test-like idea could save farmers hundreds of thousands of dollars.

Serving up proper Pacific Island food, once a week, from a garage in Blenheim video

Renzo's Kitchen and Takeaway owner and head chef Tereise Maefia helps provide the region’s RSE workers with a taste of home.

Samoan mother-of-six Tereise Maefia is putting her children through school by giving seasonal workers a taste of home.

better business

Auckland businesses reveal the hurt behind bad online reviews video

Samir Allen is the owner of Gemmayze Street, says people writing negative reviews need to remember they were attacking ...

“Remember every time you write a negative review you are attacking someone’s business, someone’s livelihood," says Samir Allen, owner of Auckland restaurant Gemmayze Street.

'We've never seen anything like it': cost increases leave builders scrambling video

Gib, plasterboard, building supplies

Supply chain pressure and widespread inflation is ramping up the cost of building materials, putting the pinch on builders.

A simple guide to paying provisional tax

The standard method to calculate provisional tax is to take your residual income tax from the previous year and gives it ...

OPINION: If you have been running your self-employment/business for more than a year, you may even have to worry about provisional tax.

Gib board selling for $410 a board on Trade Me video

As a national plasterboard shortage shows no sign of slowing down, asking prices of plasterboard selling on TradeMe are ...

Builder Nigel Benton says huge prices for Gib on Trade Me hits small businesses the hardest.

property

Housing market slower, but crash unlikely video

Coromandel was the region with the biggest asking price decline in June, with a 6.4% drop.

Buyers are spoilt for choice with the number of homes for sale nationwide up 89.5% annually, Realestate.co.nz says.

How do mortgages work and what do I need to do to get one? video

Start building your knowledge of the housing market and what houses are in your expected range. This way you will know ...

OPINION: Here are a few things to know if you're in the market for a first home.

Shopping centre to double as expansion plan gets green light video

A map of the Homebase shopping centre, showing the existing stores at left, the future supermarket in the centre, and ...

New shops including a supermarket will be built at the Homebase shopping centre in northwest Christchurch.

Property managers warn landlords it's time to 'wake up' video

With the big increase in properties available, landlords who want to raise the rent may not find a tenant if they do.

Rental properties are sitting vacant because tenants are hard to find, and landlords need to accept it is a “tenant's market”, property managers say.

opinion & analysis

Why do we let scammers off the hook? video

Cybercrime is the second least reported crime, the Crime and Victimisation Survey indicates.

OPINION: I’ve had dozens of calls from crooks claiming to be from “the windows department”, or “the IT service desk”. They were attempts at thefts. I reported none.

Is there light at the end of the runway for Air NZ? video

Demand for travel has picked up, which bodes well for Air New Zealand.

The national airline should benefit from a pickup in travel, but it's also facing pressure from higher fuel costs and inflation.

What will it take for wool to beat synthetics? video

In 2021 it was reported that over the last five years wool prices have declined so rapidly that it cost more to shear ...

The public and the business world need to understand the benefits of wool better, and the negative impacts of synthetic, before wool can flourish, one manufacturer says.

People in their 40s face a bleak retirement on KiwiSaver’s current trajectory video

Individuals can contribute to KiwiSaver at a higher rate of 4%, 6%, 8% or 10% and choose the best fund type for their ...

OPINION: Cost of living is – and should be – on everyone’s mind. But how we are managing increasing costs could impact us well into retirement.

nz farmer

'Libido enhancing' pine pollen may give you more than just the sneezes video

Pine pollen was consumed for health and well-being in China, South Korea and Japan for more than 3000 years.

Discovery of a plant based testosterone in pine pollen may mean export revenue for the forestry sector through supplement sales.

35-year-old man killed in quad bike crash in Mid Canterbury

Emergency services including police were called to the fatal quad bike crash in Mid Canterbury on Sunday. (File photo)

The man killed in a quad bike crash near Ashburton on Sunday was 35-year-old Subash Ghimire.

Red meat, dairy sectors disappointed by EU trade deal video

The red meat sector says allowing 10,000 tones of beef into a market that consumes 6.5 million tonnes is a missed ...

Beef and lamb exporters and the dairy sector not happy but kiwifruit and onion growers more upbeat.

Million-dollar export deal for Taranaki medicinal cannabis company video

Greenfern Industries outdoor hemp crop.

Taranaki-based medicinal cannabis company Greenfern Industries has secured an export deal that could be worth more than $1.6m

green business

'Libido enhancing' pine pollen may give you more than just the sneezes video

Pine pollen was consumed for health and well-being in China, South Korea and Japan for more than 3000 years.

Discovery of a plant based testosterone in pine pollen may mean export revenue for the forestry sector through supplement sales.

Start-up CarbonCrop halts carbon offsets after questions raised

Mānuka is world-famous as a nectar source for honey. Could it be harnessed in the cosmetic industry?

Thousands of carbon credits were sold, but the Carbonz market only managed one day of trading before pausing business.

Pilot-testing BNZ's emissions calculator video

Wood Training has been on a sustainability programme, and is among the businesses to test the BNZ emissions calculator.

The bank wants half of its business borrowers to measure their emissions by 2025.

The Kiwi at the forefront of farming upwards video

US company Plenty is building one of the world's biggest vertical farms, to grow fresh produce.

Replacing sunshine with UV lights and farm hands with machines, is vertical farming the way of the future?

world

US stocks slide, Wall Street closes out worst first half since 1970

The slump in US stocks follows a record-shattering performance in 2021.

More than NZ$12 trillion is wiped off the US stock market as inflation-driven upheaval spreads.

Major flaws in Aussie-built boats for Pacific Island

Australia donated the Guardian-class patrol boats to Pacific nations and the vessels have subsequently developed a ...

The patrol boats Australia has given to Pacific nations to strengthen regional security are plagued by design flaws, throwing into question whether the vessels can remain at sea.

Volkswagen pulls out all the stops to address China challenges video

Although its market share has dropped, it's hard to overstate how important China still is for the VW group.

Maintaining its top spot in China is becoming increasingly difficult for Volkswagen, but the company says it is up to the challenge.

NZ-EU free trade agreement secured

Prime Minister Jacinda Ardern and European Commission President Ursula von der Leyen in Brussels.

The agreement with the European Union - estimated to be worth $1.8b annually once fully implemented - will remove 91% of tariffs as soon as the deal is actioned.

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