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Author Archives: RNZ Business Headlines

Transpower shortcomings contributed to winter blackout – report

September 10, 2021 by RNZ Business Headlines

More than 34,000 customers lost power on 9 August when cuts were ordered because there was not enough power to meet record demand.
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Posted in News, RNZ business.

As auto-makers cut production, consumers could feel the pinch in NZ as supply is hampered

September 10, 2021 by RNZ Business Headlines

Consumers could soon feel the pinch as used car dealers come under pressure from auto-makers cutting production, which is affecting second-hand car supply.
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Posted in News, RNZ business.

Infratil spending $327m to establish renewable energy business

September 10, 2021 by RNZ Business Headlines

Gurīn would focus on developing greenfield renewable projects across Asia, including Southeast Asia, North Asia and India.
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Posted in News, RNZ business.

Requiring staff to be vaccinated now a top concern amid proposed changes to Holidays Act

September 10, 2021 by RNZ Business Headlines

There’s a tension between honouring peoples rights under the Bill of Rights not to order them to undergo medical treatment and keeping people safe at work, a Simpson Grierson spokeperson says.
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Posted in News, RNZ business.

Developer called ‘insane’ for ditching millions in profits to help first-home buyers

September 10, 2021 by RNZ Business Headlines

A Lower Hutt property developer and a collective of Māori-owned businesses are sacrificing millions of dollars in profits to help first-home buyers.
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Posted in News, RNZ business.

Manufacturers say more building products in short supply than MBIE list

September 10, 2021 by RNZ Business Headlines

Building product manufacturers are gutted at the limit of 100 staff being approved to restart in Auckland’s lockdown despite a national materials shortage putting home builders in limbo.
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Posted in News, RNZ business.

Hospitality businesses say level 2 quieter this time, hope for bustling weekend

September 10, 2021 by RNZ Business Headlines

Cafes, bars and restaurants outside of Auckland have their fingers crossed for booming trade this weekend.
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Posted in News, RNZ business.

Traffic flows dropped as country moved into lockdown

September 9, 2021 by RNZ Business Headlines

The ANZ Bank’s heavy traffic index, a real-time measure of current economic activity, was 18 percent lower in August than July.
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Posted in News, RNZ business.

Job listings fall as Covid-19 restrictions reintroduced

September 9, 2021 by RNZ Business Headlines

Level 4 restrictions saw job listings fall sharply in August, with the biggest declines in trades, hospitality, tourism and retail sectors.
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Posted in News, RNZ business.

Rocket Lab expects lockdown to cost between $14m to $21m

September 9, 2021 by RNZ Business Headlines

Rocket Lab has reported a bigger half-year loss despite a lift in revenue, and is warning that New Zealand’s lockdowns will dent its second half earnings.
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Posted in News, RNZ business.
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