NZX 50 falls 0.6%

Pushpay has attracted multiple suitors.

6:13 PM  The benchmark sharemarket index fell, but Pushpay bucked the trend, surging 13% as potential bidders emerged.

91 petrol price hits new high in NZ, and Gaspy eyes one millionth member

Petrol prices have risen another 10% in the past 28 days.

6:19 PM  Petrol prices have risen another 10% in the past month, and Auckland sets another national record - $3.19 for a litre of 91 octane.

When will full impact of interest rate rises hit? video

There are concerns that recent first-home buyers could struggle to keep up with rising rates.

Earlier in the year, the Reserve Bank predicted 20% of first-home buyers could be under stress when rates hit 5%. Some are already past that.

Armstrong Downes Commercial creditor wants new liquidators

Developer Kevin Melville wants to replace the liquidators with someone with “some teeth” to ensure subcontractors get paid.

A large creditor of the failed Wellington construction company wants to replace Grant Thornton with someone with “some teeth” to ensure subcontractors get paid.

Commerce Commission reputation 'slides' in business poll video

In May 2021, the Commerce Commission filed proceedings against Hutt and City Taxis Limited after alleging it had agreed ...

A think tank says its survey results are a damning indictment of the watchdog, which has been under the gun over its "weak" supermarket study.

more top stories

US investor eyes Pushpay takeover video

Pushpay Holdings’ cornerstone investor, Sixth Street, says it would like to acquire the digital payments service.

Pushpay shares jumped 13% after cornerstone shareholder Sixth Street revealed it's working with others on the potential acquisition of the company.

Liquidators find Hawke's Bay Seafoods still owes $1.7 million

Former commercial fishing company Hawke’s Bay Seafoods Ltd, which went into liquidation earlier this year, has been ...

Hawke’s Bay Seafoods Ltd exported millions of dollars of fish and employed thousands of people for over two decades before being placed in liquidation this year.

New Zealand's old Skyhawks ending role as 'Top Gun bogeys' video

Six Skyhawks flying in formation over Wellington in 2001 to say farewell as the combat wing disbanded.

Lying in storage for over a decade, it turns out that many of New Zealand's Skyhawks had plenty of fight left in them.

The little towboat that could... tow a stricken cargo ship to Port Taranaki

La Richardais was making its way to New Plymouth from Sydney when it broke down on Sunday night.

La Richardais, which is nearly as long as two rugby fields, suffered mechanical failure on Sunday evening.

How many bots are on Twitter? And does it really matter?

Some Twitter bots can be harmless or even useful, for example by helping disseminate news, delivering disaster alerts ...

ANALYSIS: Estimating the percentage of bots on Twitter has become a difficult task, and debating the accuracy of the estimate might be missing the point.

Council planner not moved by benefits of Thiel's luxury lodge, following hearing video

Peter Thiel's proposed guest lodge has been designed by Tokyo Olympic Stadium architect Kengo Kuma.

The planner maintains the positive effects don’t outweigh the negatives of the billionaire's proposal.

Napier hotel building at cente of court battle for sale

The building, in which the new Swiss-Belhotel in Napier is located, is being sold. (File photo)

A hotel has been operating in the building for six months. Its future now seems uncertain.

New Zealand King Salmon reduces workforce by 139 video

10032020 NEWS PHOTO BRADEN FASTIER / NELSON MAIL
Economic Development Minister Phil Twyford with Minister of Agriculture ...

The Nelson-based company is downsizing as it tries to recover financially after a challenging past year.

Man convicted after dehorned cattle 'bled like a fountain'

Nervous jerseys take their first steps from a cattle truck after arriving at their new home in South Taranaki.  Dairy ...

A Tauranga man who used no anaesthetic when he cut the horns of three cattle has been prosecuted by SPCA. Russell Williams cut the horns of the cattle so low that they “bled like a fountain”.

Volkswagen faces court case to eliminate polluting cars by 2030 video

Volkswagen is being sued over its polluting vehicles... Again.

Volkswagen is being taken to the German courts over emissions by an organic cattle-and-grain farmer.

money

Time for a Universal Basic Income

In Budget 2022, the Government announced it will deliver a one-off cash grant of $350 to 2.1 million Kiwis, as part of ...

OPINION: In this current cost of living crisis, there is one policy that political parties lack the courage to discuss - a Universal Basic Income (UBI)

What is going on with the price of NZ milk? video

Not only is the international market affecting milk prices here, a cereal shortage is also affecting the cost of a bottle.

Insurer AIA demands nearly $250,000 back from injured mechanic video

How squeezed is the middle really? video

prosper

The Taranaki-made fizzy drink to pair with your burrito

18052022 News Photo VANESSA LAURIE/STUFF PowerUp Kickstart finalist - Cathi and Isaac Drought are the founders of ...

When Isaac Drought and Cathi Strebinger struggled to find the right kind of drink to sell from their Mexican food truck, they decided to make one themselves.

Taking a leaf from the Scandinavian book

Ben Kepes says the overarching feeling in Scandinavia is that, a greater level of economic equity is good for all ...

OPINION: Denmark and by extension Scandinavia, delivered what New Zealand purported to, but didn’t really – social cohesion.

How using video on websites can help small businesses

Videos can help customers make decisions about what sort of information they are looking for, and what help they need.

OPINION: Videos can help customers make decisions about what sort of information they are looking for, and what help they need.

Buying property with friends

Financial Advice New Zealand chief executive Katrina Shanks says rising house prices are making more people consider ...

OPINION: Buying a house together is not like going out for dinner and splitting the bill. Significant transactions cost time, money and sometimes friendships.

better business

Sylvia Park to host NZ's largest rooftop solar array video

The Sylvia Park solar panels will cover an area the size of a rugby pitch, and will produce enough electricity annually ...

The Sylvia Park solar panels will cover an area the size of a rugby pitch, and will produce enough electricity annually to power the average household for more than 200 years.

NZ has much to learn from Asia about digital sustainability

Simon Draper says Asia will be leading the rest of the world in digital transformation.

OPINION: Asia is home to number of sustainability “lighthouses”, that use technologies like AI to reduce wastage, water and energy consumption.

Kiwi investors ride through crypto crash, but is that a good thing?

Stablecoins are a type of cryptocurrency designed to avoid volatility. But last week the crash of a stablecoin called ...

Last week the cryptocurrency market lost $320 billion of value in a single day. Yet many Kiwi crypto investors doubled down, which worries experts.

Budget 2022: Why are beneficiaries not receiving the $350 cost of living payment? video

Auckland Action Against Poverty coordinator Brooke Stanley-Pao said the move revealed a disconnect between the ...

Auckland Action Against Poverty coordinator Brooke Stanley-Pao says the move reveals a disconnect between the Government and those doing it tough.

property

Council planner not moved by benefits of Thiel's luxury lodge, following hearing video

Peter Thiel's proposed guest lodge has been designed by Tokyo Olympic Stadium architect Kengo Kuma.

The planner maintains the positive effects don’t outweigh the negatives of the billionaire's proposal.

Napier hotel building at cente of court battle for sale

The building, in which the new Swiss-Belhotel in Napier is located, is being sold. (File photo)

A hotel has been operating in the building for six months. Its future now seems uncertain.

Homes.co.nz now flags when estate agents influence price estimates video

A number of factors unique to New Zealand’s housing market have international investors monitoring it closely.

The property website was criticised for not saying when agents influenced estimates, which could push prices up hundreds of thousands of dollars.

'Development by a thousand cuts': Criticism lodged against Peter Thiel's planned lodge video

View from inside the luxury lodge Peter Thiel hopes to build at Damper Bay, Wānaka.

Money and trees are being used to get planning permission for billionaire Peter Thiel’s Wānaka luxury lodge proposal, commissioners have heard.

opinion & analysis

Taking a leaf from the Scandinavian book

Ben Kepes says the overarching feeling in Scandinavia is that, a greater level of economic equity is good for all ...

OPINION: Denmark and by extension Scandinavia, delivered what New Zealand purported to, but didn’t really – social cohesion.

How using video on websites can help small businesses

Videos can help customers make decisions about what sort of information they are looking for, and what help they need.

OPINION: Videos can help customers make decisions about what sort of information they are looking for, and what help they need.

No easy way out of inflation conundrum video

A minimum wage worker with no student loan and two kids would get $970 a week.

Inflation could add an additional $89pw to the average household’s weekly spending by the end of 2022 compared to a year earlier, and another $64pw on top of that by the end of 2023, writes economist Brad Olsen

How Simon Henry's board muffed the Nadia Lim saga video

Mike O'Donnell says the PR response to DGL’s recent problems are one example of wider problems at the company.

OPINION: Terrible comments about Nadia Lim aside, the furore has raised a ton of questions around wider leadership at Simon Henry's company, DGL.

nz farmer

Waikato has biggest farm sales drop

The figures compare the three months to April 2022 with the same period last year. Waikato was down 34 sales.

A tight borrowing environment, trickier-to-farm properties and stronger dairy prices may be factors, a REINZ spokesperson says.

New Zealand King Salmon reduces workforce by 139 video

10032020 NEWS PHOTO BRADEN FASTIER / NELSON MAIL
Economic Development Minister Phil Twyford with Minister of Agriculture ...

The Nelson-based company is downsizing as it tries to recover financially after a challenging past year.

Man convicted after dehorned cattle 'bled like a fountain'

Nervous jerseys take their first steps from a cattle truck after arriving at their new home in South Taranaki.  Dairy ...

A Tauranga man who used no anaesthetic when he cut the horns of three cattle has been prosecuted by SPCA. Russell Williams cut the horns of the cattle so low that they “bled like a fountain”.

Charity turns around a tourist attraction and young lives... with sheep video

Tourists at Sheepworld can see how a heading dog rounds up sheep on a working farm.

A North Auckland support organisation is offering young people a positive alternative to ramraids and crime, all while saving a local business.

green business

Steel and coal still intertwined, but carbon offsets tackle emissions in NZ

It’s not possible yet to make steel at scale without coal, so in the meantime the NZ industry will create ‘zero carbon’ ...

It's not possible yet to make steel at scale without coal, so in the meantime a NZ programme creates ‘zero carbon’ steel through offsetting.

$8m investment may get Stewart Island off diesel power video

Victoria University of Wellington postdoctoral research fellow Dr Soheil Mohseni [second from right] has modelled a ...

An $8 million capital expenditure can get Stewart Island off diesel power, a postdoctoral researchers says.

Business group wants urgent action on Government's $2.9b climate plan

A group representing some of NZ’s biggest businesses welcomes the $2.9 billion Emissions Reduction Plan, but wants a ...

Business and Government must work together at 'unprecedented scale and pace' to deliver on the Emissions Reduction Plan, says Z Energy CEO.

The public wants urgent climate action – until bike lanes pop up

Central and local government hold the power to build safe, attractive cycling and walking paths, boosting low-carbon trips.

Four out of five of us say we're willing to change to protect the planet. But ask about congestion charges, and that support flips.

world

How many bots are on Twitter? And does it really matter?

Some Twitter bots can be harmless or even useful, for example by helping disseminate news, delivering disaster alerts ...

ANALYSIS: Estimating the percentage of bots on Twitter has become a difficult task, and debating the accuracy of the estimate might be missing the point.

Volkswagen faces court case to eliminate polluting cars by 2030 video

Volkswagen is being sued over its polluting vehicles... Again.

Volkswagen is being taken to the German courts over emissions by an organic cattle-and-grain farmer.

What's in Joe Biden's proposed new Asia trade pact?

US President Joe Biden meets Japan's Prime Minister Fumio Kishida.

EXPLAINER: US President Joe Biden is set to announce details of a new Asian trade pact.

Foreign investors are fleeing China

The events of 2022 could shape how global investors view China for years to come.

Chinese President Xi Jinping’s policies are having a profound impact on markets—and a painful one.

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