Roadworks in Horowhenua are having a huge effect on businesses in Shannon, with some reporting drops in trade of up to 90 percent.

Two of the country’s biggest investment managers – both state-owned – have at least $75 million invested in Russian companies.

Credit rating agency S&P Global Ratings has reaffirmed New Zealand’s AA+ rating with a stable outlook because of how well the country has handled the pandemic.

While the government says New Zealand does not rely on Russian oil, the global oil price is expected to continue rising as the conflict with Ukraine worsens.

The West Coast economy grew strongly in the last year, despite the ongoing impact of Covid-19 and flooding in Buller.

The country’s biggest port increased its profit in the face of supply chain disruptions, as it handled more containers, dairy and kiwifruit exports, which offset a slide in log traffic.

Campervan and tourism operator Tourism Holdings has reported another first half loss, as the pandemic continues to curtail the sector’s operations.