GDP grows by 0.8% in first quarter of year
The economy grew relatively strongly at the start of the year, however, there are signs it’s losing momentum.
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Author Archives: RNZ Business Headlines
New Zealand’s major power companies join forces to improve energy security
The companies said they were trying to avoid a repeat of last year’s power supply scare.
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Air NZ’s bali flights resume after Mount Lewotobi Laki-Laki eruption
Indonesian authorities said ash was fired up to 11km into the atmosphere.
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House prices to be ‘20% lower in 2030s than 2021’ – forecast
The housing market is picking up in activity but values are still flat, and that is likely to be the case for some time yet.
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Auckland New World ruins handed back to Foodstuffs
Foodstuffs North Island’s head of property says the pathway to re-opening is unclear.
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Luxon arrives in China intent on building on positives amid global conflicts
The prime minister says the China visit is important right now given the immense global uncertainty.
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Inland Revenue finds $45 million of undeclared tax in horticulture industry from last 10 months
A spokesperson said they were seeing concerning practices in the sector, that included people being paid under the table.
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One-year home loan rate falls – but should you take it?
Another bank has cut its one-year fixed term rate to 4.89 percent, the lowest advertised rate in the market.
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Consumer confidence perks up slightly
Despite the increase, confidence still remains firmly entrenched below 100, which is regarded as pessimism.
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Government to spend $16.5m changing way inflation data reported
The government is changing how inflation data is reported.
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