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Main Street ‘visual pollution’ could test new bylaw

A new regulation could soon receive its first test, following the continued inaction of “horrible” owners. On August 4, Clutha District Council approved a new clause in its by-law, dealing with “abandoned or vacant buildings”. The regulations state that owners of “service retail storefronts [or] Town center buildings” must “ensure that the building is maintained …

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A New Zealand company wants to help the world become less dependent on milk protein

Provided Biotech start-up Daisy Lab uses precision fermentation technology to “train” microorganisms to create casein and whey. A Kiwi biotech startup created to reduce the global reliance on dairy protein has been named the first funding recipient of a new multi-million dollar initiative set up to reduce the failure rate of local social enterprises. Daisy …

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NZIER signals signs of inflationary pressures starting to ease

The NZIER is signaling signs that inflationary pressures in the economy are starting to ease. News from NZIER’s long-running and influential latest Quarterly Business Opinion Survey (QSBO) suggests easing capacity pressures in New Zealand’s economy amid crippling labor shortages. Skilled and unskilled labor in the country are also easing – albeit slowly. This news will …

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Caroline Bay or Waikiki: Air NZ $125 more from Auckland to Timaru than Hawaiian Airlines to Honolulu

Air New Zealand chief executive Greg Foran explains why fares are rising. Video / Provided Air New Zealand is enjoying what analysts describe as a “yield bonanza” with reduced competition and strong demand. This was helped by a 20% increase in domestic airfares over the past month, exacerbating the scenario where prices for relatively short …

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Nationwide recall of Pams frozen berries as hepatitis A infections rise to 12, several hospitalized

Things The frozen berries in six Pams products have been recalled as a precaution, due to a possible link to recent cases of hepatitis A, with 12 people infected so far, including seven hospitalized. Nine other cases of hepatitis A have been detected with links to frozen berries, prompting the recall of half a dozen …

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Auckland rail commuters face a year of major disruption as three lines are closed

KiwiRail has already carried out work to replace worn tracks and sleepers on the Auckland rail network. Photo / Provided Commuters in Auckland are facing a year of major disruption from Christmas on the Southern, Eastern and Onehunga rail lines, KiwiRail said today. A major $330 million rail network rebuild on all three lines is …

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KiwiSaver accounts hit 25% of GDP, then markets crash

The amount of money people had in KiwiSaver funds reached 25% of gross domestic product (GDP) by the end of March, according to Financial Markets Authority Te Mana Tātai Hokohoko’s annual KiwiSaver report. This landmark was not to last, and over the next six months, rising inflation and rising interest rates toppled stock and bond …

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Timing the Market: Is Now the Best Time to Buy a Home or Should You Wait for Prices to Fall Further? An expert intervenes

It comes as the Reserve Bank of New Zealand is expected to raise the official exchange rate (OCR) for the eighth time in a year to curb inflation. Aotearoa is currently facing inflation of 7.3%, well above the target range of 1-3%. The RBNZ will reveal if it changes the OCR this week and experts …

Timing the Market: Is Now the Best Time to Buy a Home or Should You Wait for Prices to Fall Further? An expert intervenes Read More »