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The Latest Breaking News from Newsroom.co.nz

Going, going … the 10 state-owned assets atop ministers’ sales block

Newsroom asks Associate Finance Minister David Seymour which Crown businesses need to justify their continued public shareholding.

Newsroom.co.nz

Northwest grossed over $300m through Vital Healthcare management contract

The NZX-listed hospital owner thinks it could save $20.9m a year through a $214m deal to bring management in-house

Newsroom.co.nz

Foreign ministry eyes greater powers for Russia sanctions enforcement

As an NZ company faces investigation for ties to 'dark fleets' carrying Russian oil, officials may soon be able to compel the release of information that could prove sanctions breaches. Sam Sachdeva reports.

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EU mistaking paperwork for power, acronyms for armies

Opinion: Its industries are gutted, its military infrastructure is hollow, its economies are sclerotic, but Europe still boasts of its invincibility

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Bank repossesses a vehicle a day in debt crackdown – starting with a Maserati

NZX-listed Heartland Bank's 'enhanced' recovery strategies improve performance of its motor finance portfolio. Alice Peacock reports

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Small banks pass on mortgage rates while big banks ‘pad profits’

Smaller lenders like SBS Bank say they’re wooing customers away from the Australian-owned banks, offering mortgage rates as low as 3.99 percent while the big banks drag their feet. The Reserve Bank began cutting the official cash rate 15 months ago, but analysts say the big high street banks haven’t…

Newsroom.co.nz

Be careful what you wish for – cost-benefit analysis can pave paradise

Opinion: Critics wanted to change how cost-benefit assessment was undertaken so projects with up-front costs and long-term benefits would be easier. They were often thinking about environmental initiatives but have ended up with more road funding.

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Settlement gets Z Energy out of court – not ‘out of the petrol business’

After a long legal fight the fuel giant, consumer and environmental groups find one thing to agree on: the Govt must step up to ensure NZ's emissions targets are achieved, they say. Jonathan Milne reports.

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Labour to campaign on narrow capital gains tax, no wealth tax

Labour has agreed to campaign on a capital gains tax (CGT) covering just property – excluding the family home and farms – to help fund three free doctor visits for everyone. The policy was announced abruptly on Tuesday morning after RNZ was earlier leaked details over the long weekend. RNZ…

Newsroom.co.nz

‘Even in the darkest times, he understood the need to build our nation’

Friends and friendly foes alike recall Jim Bolger as a leader who confounded expectations. He was warm and always open-minded. He listened to experts, he asked questions, he challenged received wisdom.

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Finance minister urges education and health to ‘recycle’ redundant properties

Previously, visitors to Ascension winery in Matakana were after a glass or two of wine; now they're more likely to enjoy a cup of tea and a biscuit after communion. Auckland's Catholic Diocese is selling its old church in Warkworth to pay to convert the former winery into a new…

Newsroom.co.nz

When social licence is revoked

Today from The Detail: It's very valuable but you can't buy it, and if you lose it there can be serious consequences. Why a social licence to operate is now a must for corporates.

Newsroom.co.nz

Why loss and damage matter in the Pacific

For many Pacific Island nations, climate change isn’t a distant threat or an abstract statistic – it’s an everyday reality reshaping homes, traditions, and futures. Rising sea levels, coastal erosion, increasing temperatures and severe weather events – from cyclones to drought to unpredictable deluges – all combine to threaten traditional…

Newsroom.co.nz

Big new diesel power plant will help in energy crises, says Marsden Point chief

The day will come when the big oil tanks on the headland south of Whangārei will no longer contain petroleum; when the site’s owner will get out of fossil fuels entirely, says Channel Infrastructure chief executive Rob Buchanan. But that day is still decades away and so, this month, he…

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Govt could allow capital raises by gentailers to build new power plants

Ministers are set to announce a package of energy reforms tomorrow morning, based loosely on recommendations from a long-awaited report by international consultancy Frontier Economics. It’s understood the Government has stopped well short of the radical shake-up sought by NZ First and its associate energy minister, Shane Jones. At present…

Newsroom.co.nz

Ministerial compromise seeks efficiencies in buying $1.5b of medical devices

Analysis: It’s only taken 13 years! But this afternoon, health ministers are expected to announce a compromise that shares responsibility for procuring $1.5b of medical devices a year. Simeon Brown and his associate David Seymour are seeking to stamp their authority on Health NZ and Pharmac, after the agencies and their predecessors…

Newsroom.co.nz

Open mayoral races throw up uncertainty

This coming month, New Zealand could elect two Karen Morgans as mayor – one in Mackenzie District, one in Hutt City. But these aren’t the pejorative stereotype ‘Karens’; rather than complaining about the problems in their communities, they’re stepping up to make a difference. Mackenzie’s Karen Morgan, who’s been acting…

Newsroom.co.nz

Newsroom candidates survey: Alarm as councils breach debt ceilings

Ruapehu District Council was hailed a “ratepayer hero” by the Taxpayers’ Union lobby group last week. That was because the small North Island council managed an unexpected $700,000 overspend by cutting services and infrastructure investment, rather than hiking rates and fees. But, highlighting the difficult balancing act between high rates…

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Stanford discovers one size doesn’t fit all school builds

The use of standardised, repeatable designs has become a Government mantra – and the education minister says that all started with her project to cut costs by building modular classrooms. "We've halved the cost of building a classroom," she tells Newsroom. "And I can see other ministers looking at us,…

Newsroom.co.nz

Shifting sands: US exceptionalism may be starting to fade

The topic of US exceptionalism has been prominent over the last few years. It’s been a richly deserved moniker given America’s resilient economy, strong corporate profits and leadership in artificial intelligence. However, things may be starting to change.

Newsroom.co.nz

Go-it-alone councils brace for ministerial intervention in water services

Local Government Minister Simon Watts has sent cautionary notes to six smaller councils that are proposing to deliver their drinking water and wastewater services on their own, rather than teaming up with neighbouring local authorities. Jonathan Milne reports.

Newsroom.co.nz

Netball still under pressure in spite of TV deal

Today from The Detail: Great for netball fans, maybe not so great for players - it's likely they'll be hit in the pocket after a new deal with free to air TV was signed this week.

Newsroom.co.nz

A less-known way that keeping hold of the gentailers can bring down power prices

Analysis: Asset sales are going to be a key feature of the next election, and Deputy Prime Minister David Seymour has made no bones about offloading the last 49 percent of gentailers Genesis, Mercury and Meridian, writes Edward Miller.

Newsroom.co.nz

Dodgy director banned for deceptive practices: Is this NZ’s most witless wheeler-dealer?

A fast-talking Kiwi businessman who left behind scores of hurt staff and investors, including a Hollywood producer and the family of Taika Waititi, has finally been struck off as a company director. Jonathan Milne and Tina Morrison investigate.

Newsroom.co.nz

David Seymour’s toothless tiger

Analysis: If the Government decides to seize Methanex's gas or levy a tax on Google or retrospectively change rules on landlords' capital gains, the Regulatory Standards Bill won't stop it – and nor will it provide them any recourse to sue, writes Jonathan Milne.

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