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18 Dec 2019

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Govt to insure up to $50,000 bank deposits, set up a new financial stability board
The government has decided to introduce insurance of retail bank deposits up to $50,000 per institution and says that will likely fully cover more than 90 per cent of depositors.Finance Minister Grant Robertson said the deposit...

Commercial property investor confidence at a three-year high - survey
What do commercial property investors want? Low interest rates and a change of government next year.

Cigarette smuggling operation brought 28 million smokes into NZ
An Auckland furniture importer behind the country's largest cigarette smuggling operation has pleaded guilty.

Fletchers' construction delays on new Grey Hospital 'unacceptable'
Fletcher Building should've finished the new West Coast hospital two years ago, instead, it could be April or later.

Tourism is ruining what makes New Zealand special, report says
By 2025 it's estimated there will be as many people visiting New Zealand as those who live here.

Options to go to Cabinet after report finds Novopay needs fresh investment
Education Payroll boss can't rule out bill of tens of millions, but says she 'optimistic'.

NAB boses promise reform after ASIC finds more than 10k law breaches
A day after Australia's corporate regulator accused it of breaking the law more than 10,000 times, National Australia Bank's new chair and chief executive assured shareholders they will drive significant change at the same time as fixing past transgressio

Expert reveals why you should never have Alexa in your bedroom
A prominent privacy expert has warned others to ban Amazon's voice assistant Alexa in their bedroom.Hannah Fry, a mathematician with expertise in the algorithms tech companies use, has confirmed people's worse fears that smart speakers...

Te Papa makes changes after dyed brown 'stream' water angers farmers
Images of a cow defecating in a waterway have been removed from Te Papa's water quality display.

Multi-millionaire seeking people to live with him in isolated coastal 'paradise'
A multi-millionaire iced-coffee mogul wants Kiwis to live with him on his remote North Island coastal property.

Opuha Dam company still working through options after erosion scare
More contingency work is required on the Opuha Dam as it works through the ramifications of its internal erosion scare.

Large-scale residential Cromwell development fails in bid to get plan change
A developer will appeal a decision not to grant a plan change for a 900-lot Cromwell subdivision.

Tilted toilets could be used to cut down on employee bathroom time
Well ... bathroom breaks have gone down the toilet.A fixture that can cut down extended office bathroom breaks has been invented, making it unbearable for employees to sit on the toilet for longer than five minutes.The "StandardToilet",...

Climate Change Commission: How it will work and the initial plans
If NZ wants to achieve climate targets everyone will have to change, both on a broad and individual scale, the head says.

NAB boses promise reform after ASIC finds more than 10,000 law breaches
A day after Australia's corporate regulator accused it of breaking the law more than 10,000 times, National Australia Bank's new chair and chief executive assured shareholders they will drive significant change at the same time as...

Revealed: How much businesses will pay to sell cannabis next year
Regulations passed today will allow New Zealand businesses to manufacture and distribute medicinal cannabis products.The law, which comes into effect on April 1, 2020, will mark the beginning of the local medicinal cannabis market....

Auckland Transport announces Adrienne Young-Cooper as new chairwoman
Adrienne Young-Cooper replaces Lester Levy who left Auckland Transport earlier this year.

New Zealand's minimum wage will rise to $18.90 in 2020
Minimum wage workers will get an extra $48 before tax for a 40-hour week next year.