Thousands of KiwiSaver members are opting to stay at 3% contributions for up to 12 months as higher default rates meet ongoing cost-of-living pressure.
The Co-operative Bank must pay NZ$2.48m after the High Court found 12 customer lending fees were unlawful, following NZ$7.2m already repaid to 48,249 customers.
BNZ has cut its 2026 house price forecast to flat, warning that oil-driven inflation, weaker growth, and softer labor conditions are clearly negative for housing demand.
Rising fuel prices have triggered EV “FOMO” in New Zealand, pushing March battery EV registrations to 2,890 — the strongest monthly result in years.
With Brent already above $100 on Gulf tensions, a prolonged Strait of Hormuz disruption could make $200 oil a credible stress-case rather than a market fantasy.
A potential local-backed buyer has emerged for Kaitāia’s two timber mills, raising hopes that more than 200 jobs in the Far North town can be saved.
ASB warns the average NZ household may pay NZ$55 more each week this year as fuel shocks push up transport, groceries, and other everyday living costs.
Aviation leaders want rescue helicopters and air ambulances explicitly placed at the top of New Zealand’s fuel rationing hierarchy if shortages worsen.
After an earlier refusal, Contact Energy’s 55-turbine Slopedown project in Southland has secured fast-track approval, reviving New Zealand’s biggest proposed wind farm.
As jet fuel prices double, airlines are quietly offsetting costs through baggage fees, seat charges, route cuts, and reduced capacity that lift real trip prices without obvious fare spikes.
Air New Zealand says some Pacific-bound passengers whose flights turned back over aircraft faults can claim refunds and reimbursement for eligible disruption costs.
Hackers accessed 300 myIR accounts after 500,000 malicious login attempts, prompting Inland Revenue to warn users against password reuse and to enable two-step verification.
Spark has launched Starlink-powered satellite texting and limited app data, free on eligible higher-tier plans while other customers can add it from NZ$10 a month.
An Auckland mother’s jazz hands emoji softened a family dinner invite that became the moment her children learned their parents had won $12.75 million in Lotto Powerball.
Auckland’s housing market posted its strongest month in five years, with Barfoot & Thompson reporting 1,262 March sales as buyer confidence returned despite economic uncertainty.
A Copenhagen startup raises Series B funding to scale sand battery technology, aiming to store renewable energy as heat for large-scale use
Maersk is accelerating adoption of green ammonia-powered container ships on Asia–Europe routes, marking a key step toward reducing maritime emissions.
Denmark’s pharmaceutical sector is expected to become the main driver of GDP growth by 2026, fueled by global demand for diabetes and obesity treatments.
Novo Nordisk invests 15 billion DKK to expand production, aiming to meet surging global demand for diabetes and weight-loss treatments.
The RBI launched its biggest intervention in over a decade to stabilize the rupee amid global tensions and rising oil prices linked to Iran.
India’s trading restrictions have disrupted the $149 billion offshore rupee market, prompting global investors to adjust strategies amid shifting currency controls.
Asian stocks fell as oil prices rose following Trump’s warning toward Iran, reflecting investor caution over potential geopolitical and energy market disruptions.
Oil prices rose and global stocks fell after Donald Trump signaled possible further strikes on Iran, raising concerns over geopolitical tension and supply risks.
The FDA has approved Eli Lilly’s GLP-1 pill, offering a non-injectable option for diabetes and weight management, potentially improving accessibility and patient experience.