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Business headlines with summaries.
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Buyers have more power in 'deep' property downturn, new figures show
22 Jan 2025REINZ stats show sales down 27.4 percent in December compared to November and up 1.8 percent from a year earlier.
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Job ad numbers fell 22% for December - Seek NZ
22 Jan 2025The number of job ads fell an annual 22 percent last month with fewer big city employers looking for staff, while applications per job also fell 2 percent on the year earlier.
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More media cuts expected today: 'It's time the government woke up about this'
22 Jan 2025The government is being urged to protect the media industry, with fears of job cuts at NZME outlets New Zealand Herald, Businessdesk and Newstalk ZB.
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New year, new job: Views on job ads spike in January
22 Jan 2025The last week of January is prime job-hunting time, and Trade Me says a softer labour market is not putting applicants off.
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Property up for sale last year totalled $115b
New Zealanders listed more than $115 billion of residential property for sale last year, and some of them are still waiting to find buyers.
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Retail group warns spending recovery half a year away
22 Jan 2025The head of Retail NZ says latest data shows how challenging it has been for businesses and consumers.
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Ahead of a meeting, NZ Herald and Newstalk ZB staff fear job losses
21 Jan 2025Staff at both organisations have been called to a meeting tomorrow morning to discuss editorial changes.
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Trainee electrician fined $10,000 over dangerous work
21 Jan 2025Bradley Carl Payne breached the Electricity Act 1992, installing conductors and fittings to a shipping container on a residential property while unsupervised.
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New Zealand's only flights to Norfolk Island to end
Air Chathams will withdraw flights between Auckland and the Australian territory from April.
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Tens of millions owed by troubled civil construction company-linked businesses
21 Jan 2025Most of it is owed to BNZ, according to the first receivers report.
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Hopes for December quarter economic growth fading
21 Jan 2025If there was going to be any economic growth in 2025, it would be coming from "a weak base," BNZ senior economist Doug Steel says.
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Why I quit a $500,000-a-year role in real estate
21 Jan 2025Mike Harvey says that once he saw the problems with real estate, he had to make a change.
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'My entire year's wages': Mum's $47k debt for Working for Families
20 Jan 2025Calls are growing for a 'substantial overhaul' of the system.
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'No rush back' to the housing market
QV data shows flat house prices through 2024.
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The rich get richer - Billionaire wealth rises $3 trillion in 2024
20 Jan 2025Imagine earning $3.5 million ($US2 million) a day - that was the average daily income for the world's billionaires last year.
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Du Val property entity owed $4.6m to IRD - Report
20 Jan 2025Tui Terraces Limited Partnership went into liquidation owing nearly $4.6 million in taxes to Inland Revenue.
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Australian government pledges $1.24 billion in green aluminium push
20 Jan 2025Aluminium is one of the most polluting nonferrous metals to make, as its current production is mostly powered by coal.
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Auckland eatery Amore to pay $18k over unfair contract
20 Jan 2025After eight months working as a kitchen hand, a 16-year-old says she felt backed into a corner by her employer who told her she no longer had a job if she did not sign a casual contract.
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Millennium & Copthorne Hotels majority owner proposes full takeover
20 Jan 2025The majority owner of New Zealand hotel company Millennium & Copthorne Hotels (MCK) is proposing a full takeover.
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Prices slowly fall but economists warn of uncertain year
Annual inflation is likely to have ended 2024 close to the Reserve Bank's target, as domestic price pressures continue to ease slowly, but economists are warning about an uncertain year ahead.
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A hard year but 'calls made over Wellington's demise overstated'
18 Jan 20252024 was tough, but "there's more of an energy in the city" now the new year has dawned, owners say.
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Another major bank cuts mortgage rates
17 Jan 2025ASB is cutting its 6-month, 1-year and 18-month rates.
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Thousands in fines issued for fishing near Cook Strait power cables
17 Jan 2025Three power cables carry a huge chunk of New Zealand's power between the North and South Islands, but boats keep getting too close.
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Funding sought for solar energy farm for Stewart Island
17 Jan 2025Finance is being sought to provide a solar energy farm for Stewart Island Rakiura residents.
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