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Monthly Archives: May 2023

Rocket Lab scores out-of-this-world bargains as Richard Branson’s Virgin Orbit crashes

May 25, 2023 by RNZ Business Headlines

Rocket Lab is buying some of bankrupt Virgin Orbit’s assets to help speed up production of its Neutron rocket.

Posted in News, RNZ business.

Three social enterprises that are fighting plastic pollution

May 25, 2023 by Auckland city news

World Environment Day is on 5 June, and this year’s focus is beating plastic pollution. By taking individual action, businesses and governments all over the world are making changes, including Aotearoa. In 2019 we phased out single-use plastic bags, in…

Posted in News.

Turning food scraps into clean energy for Auckland’s future

May 25, 2023 by Auckland city news

Your apple cores and stale bread are a valuable resource, and taking climate action can now be as easy as putting these rukenga kai (food scraps) into a separate bin. Auckland Council’s new food scraps collection service is turning waste into renewable…

Posted in News.

Auckland Council introduces friendly fungus to combat invasive weed

May 25, 2023 by Auckland city news

It’s the weed Auckland gardeners love to hate – tradescantia, better known as ‘wandering willie’.
Arguably the most notorious pest weed to have escaped into the wild, it causes considerable damage to the natural environment, spreading along streams by…

Posted in News.

Community demands clarity on Tiwai Point smelter’s plans

May 24, 2023 by RNZ Business Headlines

The future of the aluminium smelter remains uncertain, despite its chief executive saying they are working towards a multi-year contract.

Posted in News, RNZ business.

Sealord turns to Vietnamese workers to boost factory workforce

May 24, 2023 by RNZ Business Headlines

More than 100 factory workers from Vietnam are arriving to work for Sealord during the upcoming hoki season.

Posted in News, RNZ business.

Fonterra says $100m in carbon credit costs could help pay for clean energy

May 24, 2023 by RNZ Business Headlines

Fonterra, one of the country’s largest greenhouse gas emitters, says it will be a decade before it will abandon coal altogether.

Posted in News, RNZ business.

Details of TAB-Entain deal still unclear with concern gambling harm may rise – Problem Gambling Foundation

May 24, 2023 by RNZ Business Headlines

A deal is expected to bring a better return to New Zealand racing but the Problem Gambling Foundation isn’t confident a rise in harm won’t be seen.

Posted in News, RNZ business.

Reserve Bank raises OCR to 5.5%

May 24, 2023 by RNZ Business Headlines

The Reserve Bank has raised the official cash rate by 25 basis points to 5.5 percent and signalled it has likely reached the end of its tightening cycle.

Posted in News, RNZ business.

Rakon declares maiden dividend on back of ‘best year ever’ for product sales

May 24, 2023 by RNZ Business Headlines

However, inflationary pressures and increased investment have seen the computer chip maker post a lower full year profit.

Posted in News, RNZ business.
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