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Business headlines with summaries.
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Facebook, Whatsapp, Instagram hit by outage
12 Dec 2024According to detection services, the issue across sites owned by Meta began on Thursday morning.
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Fonterra converting two coal boilers in bid to reduce emissions
12 Dec 2024The $64 million project would see the coal boilers converted to wood pellets.
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Power generated by coal double last year's
12 Dec 2024Low hydro lake levels meant power generated by coal more than doubled in the third quarter.
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Boxing day expected to remain country's biggest day of spending
12 Dec 2024That's despite New Zealanders spending about $175m during Black Friday sales this year.
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Building cost inflation drops to lowest annual rate since 2015
12 Dec 2024Stability has returned to the house building sector and supply chains have been re-established since the early years of the pandemic, QV says.
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Is new lending drying up for petrol stations?
12 Dec 2024BNZ acknowledged it was pulling back from lending to some petrol stations. Audio
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Spark to sell remaining mobile tower stake to Canadian company
12 Dec 2024The sale is set to be completed in the third quarter of Spark's 2025 financial year.
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Most lenders will match big bank interest rates - adviser
12 Dec 2024Banks are making headlines with their advertised specials, but brokers say you can often get them to match a competitor's offer, anyway.
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The cheapest, and most expensive, property sales of 2024
12 Dec 2024From a $50,000 apartment to a home once owned by Sir John Key, these are the big sales of the year. Audio
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'It has never been this hard' - Hawkes Bay's economic woes revealed in new report
12 Dec 2024Productivity in Hawke's Bay has fallen below the national average, according to a new economic study of the region. Audio
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Casino operators worry about being squeezed out online
11 Dec 2024Local casino operators say they could miss out on a licence to operate online, as they prepare to square up against large offshore operators with deep pockets. Audio
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Truckometer data shows economy still in low gear
11 Dec 2024The economy is still in low gear as it approaches the new year.
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'Death spiral' for gas: Energy company turns off switch
11 Dec 2024A gas retailer will stop supplying customers next year, amid what Consumer NZ says could be the start of the end.
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The sector still adding jobs and paying an average $70k
If you want a job right now, your best shot may come from farming.
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Union takes legal action on public sector working from home restrictions
11 Dec 2024The PSA said the government cannot simply require public servants stop working from home.
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Bad debts leads to profit falls for specialist lenders
11 Dec 2024Profits for non-bank finance groups have taken a tumble for a second consecutive year, driven by higher costs and an increase in bad debts, according to a new report.
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South Auckland market celebrates entrepreneurs, ‘Southside pride’ and karaoke
10 Dec 2024A vibrant new market is transforming South Auckland, offering local Māori and Pacific entrepreneurs a fee-free platform to showcase their products, with space, gear, and power provided.
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Greymouth Petroleum confirms significant gas find in Taranaki
10 Dec 2024One of the country's biggest oil and gas producers says it has had a significant gas find in Taranaki.
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Are the big Aussie banks ready for more govt scrutiny?
The country's big Australian-owned banks appear to be ready for further government scrutiny into competition in the banking sector.
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Christchurch Casino taken to court by Internal Affairs
10 Dec 2024The DIA claims the casino failed to meet its obligations under the Anti-Money Laundering and Countering Financing of Terrorism Act.
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Electricity Authority and Vector in stoush over costs
10 Dec 2024Vector says the proposal will see households pay more.
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Supermarkets face criminal charges over pricing, misleading specials
10 Dec 2024The Commerce Commission says there are ongoing issues with pricing in the supermarket sector and the operators may have breached the Fair Trading Act. Audio
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Iconic Wellington eatery sold, future unclear
10 Dec 2024It comes in a string of closures across the capital including bakery Myrtle and Burmese restaurant Mabel. Audio
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NZ lagging other countries in offering digital cash option - Reserve Bank
Lack of competition in the banking sector means consumers are missing out on the type of innovation seen elsewhere in the development of digital cash, the central bank says
