Latest from Economy

Plan for McDonald’s Newmarket drive-through sparks concern over nearby schools

A McDonald's spokesman dismisses a claim it targets sites near schools as 'spurious'.

How AI adoption is reshaping the New Zealand job market

Firms are making savings, productivity gains – but not necessarily reinvesting the spoils.

Businesses still feeling winter chill, confidence surveys show

Firms are still waiting for an economic recovery to kick in.

$8.6b giant Summerset makes record half-year sales

Sales in this year's first half were the highest the company had recorded in a half-year.

RBNZ agreed to bin letter of concerns when Adrian Orr resigned

Details come to light following intervention from the Ombudsman.

The CBD retail area with the highest percentage of empty shops in NZ

Yet the 13% is an improvement on last year, when a startling 16.5% of shops were empty.

Westpac CEO Catherine McGrath on responsibility, resilience and risk

Liam Dann chats to the woman in the top job at Westpac NZ since 2021.

NZ housing affordability best since pre-Covid, report finds

Lower mortgage rates and steady income growth have helped improve housing affordability.

Reserve Bank doubles Auckland office space just as staff redundancies hit

The bank plans to cut 142 roles, including 35 currently vacant positions.

How Marama Royal is leading Ngāti Whātua Ōrākei to new heights

Ngāti Whātua Ōrākei's assets have risen from $631m in 2014 to $1.53b last year.

Banking competition inquiry: MPs struggle to identify silver bullet solutions

Major work on loosening capital rules and part-privatising Kiwibank already under way.

Vet practice receives 400 applications for receptionist job

Unemployment recently rose to 5.2% in the three months ended June.

Race for Reserve Bank governorship heats up – who are the contenders?

There are numerous other candidates he believes should be fairly assessed for the role.

Matthew Hooton: Reserve Bank and polls give Luxon a reprieve

OPINION: Westpac speculates tax cuts could be back on the Government’s agenda.

'Actively looking to sell' – SkyCity CEO on dash for cash

Plans are advanced to sell two big assets as well as the capital raise: is $490m possible?

'Delayed economic recovery in NZ' – SkyCity CEO on 42% profit drop

$200m of asset sales also identified: Carparks in Auckland as well as 99 Albert St.