ANZ says flood damage in the North Island is still affecting traffic data and supply chains, but the data is consistent with the slowdown in retail spending.
Profits for the country’s biggest retailer, The Warehouse, have been more than halved as trading slowed and margins fell for most parts of the business.
A record $20 million was taken from New Zealanders by scammers last year as a cybersecurity advisor warns cyber-criminals are becoming more sophisticated.
Aggressively phasing out natural gas could result in Kiwis paying an additional $7 billion in energy costs over the next 12 years, a report commissioned by the energy industry claims.