Independent Analysis and Reportage
Source: Radio New Zealand Labour leader Chris Hipkins. RNZ / Samuel Rillstone The opposition says the government’s social housing shake-up is “cruel” and will lead to more evictions of public housing tenants who will be “driven deeper into poverty”. But the finance minister has defended the move, saying it’s about fixing an unfairness where those…
Source: Radio New Zealand A My Food Bag box. RNZ Meal-kit company My Food Bag has posted higher full-year profit and revenue as it focused on operational delivery and paying down debt. Key numbers for the year ended March compared with a year ago: Net profit $6.7million vs $6.3m Revenue $170.2m vs $162.1m Underlying profit…
Source: Radio New Zealand Wayne Brown. NZME Auckland Mayor Wayne Brown is considering coming to the rescue of Kaitāia’s beleaguered timber mills – but in his capacity as a private businessman. The Japanese company that owns the two mills, Juken NZ, has said it will close them down, with the loss of about 200 jobs,…
Source: Radio New Zealand CFOTO via AFP Nvidia, the world’s largest listed company and a critical bellwether on the health of the AI sector, posted record first-quarter earnings on Thursday of more than NZ$136 billion. That’s up 85 percent on a year ago, with forecasts for the next quarter of over NZ$153 billion. The world’s…
Source: Radio New Zealand Turners Automotive Group. (File photo) RNZ / Nate McKinnon Car dealer and financier Turners Automotive has posted a slightly lower net profit after a goodwill write-down in its credit business masked a record performance across its divisions. Key numbers for the year ended March compared with a year ago: Net profit…
Source: Radio New Zealand Stephen Colbert’s final Late Show broadcast on Thursday in the US (Friday NZ time) will close out his run in the storied CBS late-night chair once occupied by David Letterman. What comes next remains an open question for one of television’s most prominent entertainers. In the months leading up to his…
Source: Radio New Zealand OKSANA KAZYKINA/123RF New Zealand’s largest drug maker AFT Pharmaceuticals has reported strong full year sales growth and net profit, giving the company reason to lift its 2027 revenue target to more than $300 million. Company chair David Flacks said the strength of its core Australasian business and increasing geographic and product…
Source: Radio New Zealand Auckland Night Markets operates in Albany every Tuesday night. RNZ / Duoya Lu Auckland Night Markets has confirmed a change of ownership. In a social media post on Monday, Auckland Night Markets said founders Victoria Yao and Paul De Jonge, operators of the markets for 16 years, would hand over the…
Source: Radio New Zealand Public Service Commissioner Brian Roche will be in charge of implementing the public sector changes the government announced on Tuesday. RNZ / REECE BAKER An overhaul of the public sector is a chance to modernise it and the associated job cuts were regrettable but a fact of life, thehe head of…
Source: Radio New Zealand New Zealand’s economy was recovering before conflict broke out in Iran, Infometrics says. RNZ New Zealand’s economy was recovering before conflict broke out in Iran, Infometrics says, although it was relying too heavily on growth in the public sector. But it now faces disruptions for the next two years. The economics…
Source: Radio New Zealand One week from now, the government will open the books on its third Budget. RNZ One week from now, the government will open the books on its third Budget, the last of this term. So far, there has been a great deal of focus not on where the money might go,…
Source: Radio New Zealand Replacing public servants with artificial intelligence could come with more costs, critics say. 123RF Replacing public servants with artificial intelligence could come with more costs that will eat into any savings, say critics. The government says the plan to cut another 8700 people sector jobs in about 40 core agencies will…