Reserve Bank 'blaming the public' for buying pricey houses, economists say video

Governor Adrian Orr said prices were closer to what it considered a sustainable level, from being unsustainably high.

14 min ago  The bank made it cheap and easy to borrow money, so it can't turn around and tell people not to spend up on houses, Shamubeel Eaqub said.

Fisher & Paykel Healthcare warning drags market down

The sharemarket fell on Friday after a profit warning from Fisher & Paykel Healthcare.

6:14 PM  Blue chip stock slumps 6% after forecasting a significant fall in first-half profit after demand from hospitals for its breathing aids slowed.

Banks' hardship help for flood victims video

Nelson resident Chris Scott contemplates what to do as more mud and water slip down his street. Nelson declared a state ...

6:26 PM  ASB and BNZ offer emergency overdrafts and mortgage suspensions.

My Food Bag facing headwinds video

Discretionary spending on meal kits like My Food Bag is under pressure as households face higher costs.

Households are being squeezed by higher costs and their clamp down on spending is hurting meal kit company My Food Bag.

Genesis Energy signals January price rise despite 600% profit jump video

Genesis Energy logo

Prices paid by residential electricity customers set to go up in new year, company says as it reports $222m profit.

more top stories

Companies behind popular cafe that survived quakes, pandemic, owe more than $500k video

The Caffeine Laboratory in New Regent St, pictured in 2015.

Caffeine Laboratory opened as a hole-in-the-wall coffee shop in Shades Arcade in 2009 and moved several times before closing its New Regent St premises in April.

Bed Bath & Beyond ‘meme stock’ tumbles in US

Bed Bath & Beyond’s stock has nearly quintupled in a little more than two weeks in the US.

The newest 'meme stock' on Wall Street, Bed Bath & Beyond, tumbled further in after-hours trading after a high-profile activist, Ryan Cohen, confirmed that he's bailed out of the stock.

Neighbours unhappy at 4am construction noise video

The Linwood construction site where 18 new townhouses are being built.

Pre-dawn wake-ups are too much for residents next to a townhouse development: "It’s beeping vehicles and workmen [in] the middle of the night."

Will Whittaker's Miraka Kirīmi backlash affect chocolate company? video

There has been a backlash from some people about Whittaker’s use of te reo Māori on one chocolate block.

Using te reo Māori, one of NZ's official languages, should be an easy win, but there is still a risk for Whittaker's, marketing expert says.

Paid $7 an hour, no annual leave for three years - ex-farm worker owed $93k video

A farm near Auckland has agreed to pay a total of $86,341 to two workers who received as little as $7 an hour.

A vegetable farm near Auckland agrees to pay $93,500 to one of two workers who got less than the minimum wage.

Christchurch builder pleads guilty to $300,000 tax evasion

Christopher Win appears in the Christchurch District Court on Friday.

Christopher Win used his company account to buy Uber Eats and spend money in the United States, Mexico and Australia.

Workers demand offices where they can meet, eat, learn and connect video

Workers are looking for offices that provide a place for them to share experiences with their colleagues.

Over half of businesses plan to redo their office's to accommodate hybrid working arrangements, and tempt employees back, a new survey shows.

US CEO who cut his pay so workers earned $111K resigns

Dan Price, the embattled CEO of credit card processing company Gravity Payments has resigned.

Dan Price, who announced in 2015 that he was giving himself a drastic pay cut to help cover the cost of big raises for his employees, has announced his resignation.

Supply jumps while house prices continue to slump, says Trade Me video

Property supply has risen year-on-year for eight months straight, Trade Me Property sales director Gavin Lloyd says.

The national average asking price was $910,450 in July, down 2% from a month earlier, and more falls are in store.

Waiting with mixed feelings for my Costco card video

Kirkland is Costco’s home brand label.

OPINION: Bulk-buying is tempting, but it can be a calorie-laden disaster.

money

Q&A: Is Bed Bath & Beyond the next GameStop?

Simran Kaur says meme-stocks are often bought and sold at alarmingly inflated prices compared to their intrinsic value.

OPINION: It’s going up in value and people say it's the new meme stock. Simran Kaur advises a reader on what to consider before investing.

Westpac, ASB offer emergency support for customers hit by wild weather video

As heavy rain causes chaos in parts of the South Island, banks offer financial help to customers.

Amazon is testing a TikTok-style feed on its app

Man with Parkinson's can't get a benefit - his partner earns $1000 too much video

prosper

What obligations do employers have in hiring and firing disabled staff? video

As to whether a text from the Ministry of Health must be accepted as proof of illness, the likely answer is no, says ...

OPINION: A recent decision of the Employment Relations Authority highlights the potential lack of understanding as to what constitutes a disability.

What is your time worth?

In the race to grow your business, you often get caught up in the day-to-day activities of running the business.

OPINION: Most entrepreneurs feel like there are not enough hours in the day to achieve all they wish to.

Making your business famous is just a game

What fame game would you like to start playing in the next week or two in your own business?

OPINION: After more than 44 years in sales and marketing I have come to the conclusion that making your business famous and unforgettable is just a game you play.

Being a wahine Māori in business - it's a superpower

Three Waikato businesswomen recognised at the 2022 Māori Women’s Development Incorporated 2022 business awards held in ...

Three wāhine Māori in business are making their mark, striving to take on the world while tackling adversity.

better business

Christchurch builder pleads guilty to $300,000 tax evasion

Christopher Win appears in the Christchurch District Court on Friday.

Christopher Win used his company account to buy Uber Eats and spend money in the United States, Mexico and Australia.

Are gamers the big bosses of the future?

Marlborough Boys’ College eSports team member Jacob Gray, 16, plays Rocket League, which has made its way into the ...

New eSports and coding festival to show young people they might actually have some mad skills.

Zero carbon: A ‘transition’ not a ‘transaction’ video

John Berry says transitioning a business, our economy or the world economy to net-zero carbon takes time.

OPINION: Huge structural changes for businesses cannot happen in one ‘transaction’ overnight, they need to be managed progressively as a ‘transition’ over time.

'Cutting edge' seaweed technology gets Government support

A loan for AgriSea, announced by Economic and Regional Development Minister Stuart Nash, will help create a plant to ...

Plans to turn seaweed into a hydrogel that can be used in cosmetics and wound care now have a Government loan behind them.

opinion & analysis

How will Costco change the way New Zealanders shop? video

Bad weather and construction delays are holding up the opening of Costco’s first New Zealand store.

OPINION: Multiple delays and a NZ$60 entry cost have done little to quench enthusiasm for New Zealand’s first Costco.

What obligations do employers have in hiring and firing disabled staff? video

As to whether a text from the Ministry of Health must be accepted as proof of illness, the likely answer is no, says ...

OPINION: A recent decision of the Employment Relations Authority highlights the potential lack of understanding as to what constitutes a disability.

Battling inflation: 'People have had enough' video

Generic inflation, cost of living, price rises, percentage sign, arrow up chart

OPINION: As the Reserve Bank tries to get the economy back on track, an accounting adviser tells his clients now is not the time to trust anybody.

How we can make local government better video

A review is in process to make local government fit for the future (file photo).

OPINION: Changing the way councils work could unlock an entirely new way of working with local communities to determine their own futures.

nz farmer

Some bulls produce 30% more planet-heating methane than others video

The lower-methane bulls will be used to sire daughters, to learn if low-methane breeding is possible.

Here's why that's good.

'This used to be a cheap country to buy food in' video

Sheep breeder Leon Black said there were no farm costs that did not increase. But his income has not.

Cost to produce food has not been this high for almost 30 years but farmers say they can't move cost on to cash-strapped consumers

Happier pigs might mean more expensive bacon video

Taranaki pig farmer Karl Stanley said he recently upgraded his farrow sheds at a cost of $1 million. He would have to ...

NZ Pork has proposed ways to keep indoor pigs happy, but says improving welfare will be costly and won't be climate smart.

The company helping Māori landowners capture carbon video

Country Calendar: Blair Jamieson of Tāmata Hauhā.

Country Calendar profiles a farm that is using the Emissions Trading Scheme to work for them, with the help of a new company called Tāmata Hauhā.

green business

Some climate scientists say flood warnings on property go too far video

Auckland’s Tāmaki Drive is already inundated during high tides. Subsiding land is making this worse.

The Government will caution people about buying and developing at-risk properties. But it's basing the warnings on a world that's implausibly hot, some scientists are warning.

Trial of reliable zero-carbon power 'successful' video

The power from Mercury Energy's Ngātamariki facility is reliable, renewable and now, lower-carbon.

Geothermal power stations release small amounts of greenhouse gas. But Mercury Energy is trialling a system that could change that.

We need to level the playing field between sawmillers and foresters

The Government wants to encourage more competition in the timber industry (file photo).

OPINION: Treating wood processors equitably with foresters when it comes to carbon is a necessary first step for increasing competition in timber.

Focus on farm emissions misses the elephant of fossil fuels video

New Zealand prides itself on the efficiency of its livestock farming, but that gives farmers little room to move when ...

OPINION: While New Zealand fiddles with farm methane emissions, the rest of the world burns.

world

US CEO who cut his pay so workers earned $111K resigns

Dan Price, the embattled CEO of credit card processing company Gravity Payments has resigned.

Dan Price, who announced in 2015 that he was giving himself a drastic pay cut to help cover the cost of big raises for his employees, has announced his resignation.

Starbucks successor opening in Russia

A logo of a newly opened Stars Coffee coffee shop in the former location of the Starbucks coffee shop in Moscow, Russia.

Starbucks was one of the most visible of the wave of foreign companies that pulled out of Russia in response to Russia's invasion of Ukraine.

Welcome aboard, unvaccinated cruise passengers

Carnival Freedom cruise ship.

The cruise industry has been supercharged in the US since cruise lines started easing testing and vaccine requirements in the past couple of weeks.

World's largest airline makes a big bet on a new supersonic era

The planes won't begin carrying passengers until at least the end of the decade, aiming to fill a void left when the ...

American Airlines agrees to buy 20 Overture jets from Boom Supersonic, gambling that a market will emerge for a new generation of sleek supersonic aircraft.

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