Business, Science & Tech

Search

 


 

Climate Summary: NZ’s Equal-2nd Warmest Year On Record

Annual temperatures were above average (+0.51°C to +1.20°C above the annual average) across the majority of New Zealand... 2018 was the equal 2nd-warmest year on record for New Zealand, based on NIWA’s seven-station series which began in 1909. More>>

ALSO:

GDP: Economic Growth Dampens In The September Quarter

Gross domestic product (GDP) rose 0.3 percent in the September 2018 quarter, down from 1.0 percent in the previous quarter, Stats NZ said today... GDP per capita was flat in the September 2018 quarter, following an increase of 0.5 percent in the June 2018 quarter. More>>

ALSO:

Up $1.20: $17.70 Minimum Wage For 2019

Coalition Government signals how it will move toward its goal of a $20 p/h minimum wage by 2021... “Today we are announcing that the minimum wage will increase to $17.70 an hour on 1 April 2019." More>>

ALSO:

Retail: IKEA To Open In New Zealand

Inter IKEA Systems B.V. is today announcing its intentions to grant the Ingka Group exclusive rights to explore expansion opportunities in New Zealand. More>>

 

Reserve Bank: Capital Proposals Are 'Radical', Says Fitch
International credit rating agency Fitch says the Reserve Bank's proposals for increased bank capital adequacy ratios are "radical" and "highly conservative relative to international peers", but the result will ultimately be "significantly stronger buffers" against financial system shocks. More>>

ALSO:

Regions And Skills: Work Visa Proposals 'Step In The Right Direction'
Immigration Minister Iain Lees-Galloway announced yesterday that the Government is consulting on proposed changes to employer-assisted temporary work visa settings to ensure that work visas issued reflect genuine regional skill shortages. More>>

ALSO:

Long Commutes: Hamilton To Auckland Passenger Rail Trial Gets Green Light
The NZ Transport Agency Board has approved a business case for the next steps in a start-up trial Hamilton to Auckland passenger rail service, Transport Minister Phil Twyford announced. More>>

ALSO:

Working Group Update: Mycoplasma Bovis Eradication Making Substantial Progress
International experts are impressed by New Zealand’s efforts to eradicate the cattle disease Mycoplasma bovis and are more confident the campaign is working... More>>

ALSO:

Immigration: Arrest For Human Trafficking And Slavery
It is alleged that the man, who is a Samoan national and New Zealand resident, has been regularly bringing Samoan nationals to New Zealand to work illegally for him in the horticultural industry. More>>

ALSO:

Conservation Plan: Celebrity Kiwi Released Into The Wild
One of the nation's most famous kiwi was among four released onto Taranaki Maunga... Atara, a five-year-old male, hatched while David Attenborough's cameras were rolling. More>>

ALSO:

Budget Policy Statement: 'Wellbeing Of NZers At The Heart Of Budget Priorities'
“We want a wellbeing focus to drive the decisions we make about Government policies and Budget initiatives. This means looking beyond traditional measures - such as GDP - to a wider set of indicators of success,” Grant Robertson said. More>>

ALSO:

Short Of 2017 Record: Insurers Pay $226m Over Extreme Weather
Insurers have spent more than $226 million this year helping customers recover from extreme weather, according to data from the Insurance Council of NZ (ICNZ). More>>

Environment Commissioner: Transparent Overseer Needed To Regulate Water Quality
Overseer was originally developed as a farm management tool to calculate nutrient loss but is increasingly being used by councils in regulation... “Confidence in Overseer can only be improved by opening up its workings to greater scrutiny.” More>>

ALSO:

Deal Now Reached: Air NZ Workers Vote To Strike
Last week union members voted overwhelmingly in favour of industrial action in response to the company’s low offer and requests for cuts to sick leave and overtime. More>>

ALSO:

24/7: National Geohazards Monitoring Centre Opens
For the first time, New Zealand will have 24-7 “eyes on” monitoring of the four perils: earthquake, tsunami, landslides and volcanic activity. More>>

ALSO:

EU Wine Exports: Yealands Fined For "Unprecedented Offending"
Yealands Estate Wines has pleaded guilty to “unprecedented offending” under the Wine Act 2003 and has copped a $400,000 fine. More>>

ALSO:

Discussion Paper: Govt To Act On Unfair Commercial Practices
“I’ve heard about traders who have used aggressive tactics to sell products to vulnerable consumers, and businesses that were powerless to stop suppliers varying the terms of their contract, including price.” More>>

ALSO:

'Considering Options' On Tip Top Ownership: Fonterra Drops Forecast Milk Price
Fonterra Co-operative Group Limited today revised its 2018/19 forecast Farmgate Milk Price range from $6.25-$6.50 per kgMS to $6.00-$6.30 per kgMS and shared an update on its first quarter business performance. More>>

ALSO:

Science: Legendary Telescope Being Brought Back To Life
One of the world’s most famous Victorian telescopes will be restored and available for public viewing in Takapō after spending five decades in storage... The Brashear Telescope was used in the late 1800s by Percival Lowell for his studies of Mars. More>>

Employment Amendment Bill Passes: CTU Hails Victory For Working People
"This law allows Kiwis to access their basic rights at work, to make more informed choices about their employment, and help each other get a fairer deal." More>>

ALSO:

$100 Mil Kickoff: Green Investment Finance To Link Investment And Environment
New Zealand Green Investment Finance will be a bridge between investors and the key industries and sectors delivering low emissions projects, says NZGIF Chair Cecilia Tarrant. More>>

ALSO:

It'll Be A Gas: Auckland Port Joins Hydrogen Rush
Ports of Auckland has joined a growing number of hydrogen production experiments as the fuel gains attention of industries seeking to reduce their greenhouse gas emissions. More>>

ALSO:

As Prices Fall: Govt Confirms Petrol Price Inquiry
The study will be the first to be conducted by the competition watchdog, the Commerce Commission, since Parliament gave it new powers to conduct studies into markets where the government is concerned they are insufficiently competitive. More>>

ALSO:

NIWA: Scientists Confirm Former Site Of Pink And White Terraces
The diary and hand-drawn maps of a nineteenth century geologist has enabled NIWA scientists to confirm the former site of the iconic Pink and White Terraces at Lake Rotomahana. More>>

ALSO:

CoOL Law: Country Of Origin Food Labelling Bill Passes
A Green Party member’s bill that allows New Zealanders to know where their food comes was passed almost unanimously by Parliament today, Green Party MP Gareth Hughes has announced. More>>

ALSO:

TICSA: GCSB Declines Spark’s Proposal To Use Huawei 5G Equipment
The Director-General has informed Spark today that he considers Spark’s proposal to use Huawei 5G equipment in Spark’s planned 5G RAN would, if implemented, raise significant national security risks. More>>

ALSO:

Reserve Bank: Easing For Loan-To-Value Ratio Restrictions
Both mortgage credit growth and house price inflation have eased to more sustainable rates... In response, we are easing our loan-to-value ratio (LVR) restrictions on banks’ new mortgage loans. More>>

Artemisia annua: Renewed Warning Of Liver Harm
The Director General of Health is renewing a public warning following more reports of serious liver harm from taking Arthrem and other products containing Artemisia annua extract. More>>

Post Hoc: NZ Post To Close Last 79 Shops
Last week, Kiwibank announced the closure of its Johnsonville, Petone and Stoke branches, leaving the attached post shops to find new homes. But it is all part of the plan for New Zealand Post, with its offices being swapped for supermarkets and pharmacy counters. More>>

ALSO:

Legal For People: MPI Says Industrial Hemp Illegal As Animal Feed
Hemp growers are up in arms as a document released by MPI yesterday informed them feeding of iHemp to any animal is in breach of the Agricultural Compounds and Veterinary Medicines Act. (ACVM). More>>