The Government wants to stop insurers blocking claims because irrelevant information was not disclosed, but the changes may not come for years, reports Thomas Coughlan.
The New Zealand dollar held overnight gains against the greenback as investors remain cheered about cooling trade tensions between the US and China.
After less than a decade of service, the NZ Defence Force’s fleet of armoured Pinzgauer vehicles is headed to its final resting place - as target practice for Kiwi soldiers.
Changes to the Holidays Act are being considered by the Government to address large-scale payroll compliance issues.
Air New Zealand’s international routes will bear the brunt of oil prices near a 3 and a half year high as stiffer competition and the cost of flying vast distances set a higher bar for the national carrier than the domestic market, analysts say.
Consumer Affairs Minister Kris Faafoi wants people to tell him about their concerns with the insurance industry, as pressure builds on the sector over conflicts of interest around incentives, harsh disclosure provisions, and unfair exemption clauses.
Foley Family Wines has entered into a conditional agreement to issue 2.03 million shares to Lion - Beer, Spirits & Wine (NZ), the local unit of Japanese brewer Kirin Holdings, to partially fund its $55 million acquisition of Mt Difficulty Wines. It also plans to make an offer to existing retail shareholders through a share purchase plan.
The New Zealand dollar rose back above 69 US cents as a truce in the trade war between US and China spurred on demand for commodity-linked currencies.
The government's next step in the response to the outbreak of Mycoplasma bovis is expected to come in the next week, although Prime Minister Jacinda Ardern is still hopeful the cattle disease can be eradicated.
May 28 decision - Prime Minister Jacinda Ardern said yesterday the Government and industry leaders would have to make a decision within seven days on whether to try to keep eradicating mycoplasma bovis, or whether to accept it is here to stay and manage its effects. A final decision looks set to be made at next Monday's cabinet meeting, which is just four days before the June 1 'Gypsy Day' when sharemilkers move thousands of cows around the country.
New Zealand’s Pacific reset has been praised by a top United States diplomat, who has warned Pacific countries against becoming “saddled with debt” as China boosts its spending in the region.
There will be no mega-prison at Waikeria. So where will all the inmates go? Shane Cowlishaw explores the alternative options, and the potential political fallout of the Government’s decision that include a painful reopening of the debates around bail and sentencing laws.
Wall Street rallied amid optimism that the US is backing off its recent protectionist stance in an effort to resolve an international trade dispute with China.
The euthanasia bill risks sending a message to the disabled that their lives are less valued than the lives of abled-bodied New Zealanders, the Disability Rights Commissioner says.
News in brief in our political economy on Monday included,
The big political and economic events and data this include the last week of the Budget session of Parliament and migration figures.
This one is for all those table tennis fans out there.
Here are my pick of the links to news on the political economy from other news sites on Tuesday.
Energy-intensive heavy industry has a long term future in New Zealand, but only if policies to decarbonise the economy can deliver a secure energy supply, says the outgoing chief executive of New Zealand Aluminium Smelters, Gretta Stephens, who will swap to be CEO at Bluescope's New Zealand Steel plant later this month.
The Court of Appeal has backed the High Court's ruling that the Australian producer which bought Greenstone TV in 2013 must pay the television production company's founders about $555,000.
Motor Trade Finance reported flat first-half profit as the commissions and fees paid to its shareholder originators soaked up increased earnings from a rapidly expanding loan book.
New Zealand retail sales rose in the March quarter but were lower than expected on weaker fuel and motor vehicle and parts retailing after a biosecurity threat crimped car imports.
New Zealand's annual net migration continued to slow in April as more non-New Zealanders left the country, though the number of immigrants rose.
SkyCity Entertainment Group has inked a construction contract with Australian commercial construction company Hansen Yuncken for expansion of its Adelaide Casino.
Kiwi Property Group lifted annual earnings 8.2 percent as the real estate investor's rental income was boosted by the completion of several developments and new acquisitions, although smaller revaluation gains led to a fall in bottom line profit.
The New Zealand dollar gained as fears over a trade war between the US and China cooled after the world's two-biggest economies made headway in negotiations to avert tit-for-tat trade barriers.
A speech by Federal Reserve Chair Jerome Powell as well as the minutes from the latest US central bank meeting will form a key focus for investors trying to gauge how many more interest rate hikes might follow the one they’re expecting next month.
The news that mattered this morning included Phil Twyford's criticism of Treasury's advice on housing investment, Kelvin Davis ruling out a mega-prison at Waikeria, news of a house building factory in Auckland, confirmation of a major scale-down of grants from Callaghan Innovation and America putting its trade war with China on hold.
Newsroom technology columnist Richard MacManus looks at how Google is using data provided by its users to build its artificial intelligence-driven tools. We're helping Google more than we realise. He wonders whether that's a good thing.
New Zealand's economy and Government is under new management, but Bernard Hickey sees little real change so far in monetary or fiscal policy under Grant Robertson and Adrian Orr.
Pharmac was a big winner in Budget 2018 and as Thomas Couglan reports, that will lead to some big savings.
Corrections is the latest government department to discover it may have underpaid its staff, Shane Cowlishaw reports.
I didn't watch it, but I'm glad the Northern Territory's tabloid newspaper did.
Here are my pick of the links to news on the political economy from other news sites on Monday.