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Economy: GDP Rises On Strength In Services

The economy, as measured by gross domestic product (GDP), grew 0.6 percent in the December 2017 quarter, Stats NZ said today. Growth was driven by increases in the service industries but was tempered by falls in the primary sector. More>>

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Innovative Partnerships:Govt Launches R&D; Programme

Research, Science and Innovation Minister Megan Woods has today formally launched the Innovative Partnership programme which aims to attract future-focused international innovators and firms to undertake R&D; and develop their products in New Zealand.... More>>

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Planes And Oil: Current Account Deficit Widens To $2.0 Billion

New Zealand's seasonally adjusted current account deficit widened to $2.0 billion in the December 2017 quarter, Stats NZ said today. The $407 million increase in the deficit was mainly driven by New Zealand importing aircraft and other transport equipment, and crude oil. More>>

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Kāpiti Airport: Air NZ Withdrawal a Huge Loss
The suspension of Air New Zealand flights between Paraparaumu and Auckland will leave a large hole in the region's economy.
Air New Zealand announced today their last flight from Paraparaumu will be 3 April 2018, just a week after the hugely successful Open Day at Kāpiti Coast Airport where more than 1000 people visited to show their support for the daily flight service... More>>
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Passenger Drones: The World’s First 'Self-Piloted Air Taxi' In Canterbury
Zephyr Airworks has today unveiled the world’s first self-piloted electric air taxi, supported by Christchurch and the Canterbury region. More>>

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Harassment Allegations: Margaret Bazley To Lead External Review Of Russell McVeagh
Malcolm Crotty, Chair of Russell McVeagh, has announced that the firm has appointed Dame Margaret Bazley ONZ DNZM, Hon DLit. to head an external review of incidents of sexual harassment within the law firm that occurred in 2015/16. More>>

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NIWA: Scientists Measure Glaciers After Record-Beating Summer
Climate scientists and glaciologists are taking to the skies this week to find out how New Zealand’s glaciers are faring following this summer’s record-breaking warmth... Dr Lorrey says he expects this year’s survey to reveal some “pretty pathetic” glaciers, following New Zealand’s hottest summer on record. More>>

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Crown Accounts: Govt Accounts Continue To Track Slightly Above Forecast
Stronger employment growth and residential investment continued to support the Government’s financial accounts in the seven months to the end of January, Finance Minister Grant Robertson says. More>>

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NZI Research: Sustainability Drives Growth
NZI has just released compelling research showing that those who run a sustainable business (taking into account environmental, social and economic factors) are twice as likely to grow as those not engaged. More>>

Summery Climate Summary: NZ’s Hottest Recorded Summer
The nation-wide average temperature for summer 2017-18 was 18.8°C (2.1°C above the 1981-2010 from NIWA’s seven station temperature series which began in 1909). Summer temperatures were well above average (>1.20°C above the summer average) across all regions. More>>

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Caulis Up To $10 Each: Vegetable Prices Grow As Crops Rot
Horticulture New Zealand chief executive Mike Chapman said heavy rain across many parts of the country, Cyclone Gita and high humidity are causing crops to go to seed or rot. More>>

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Hauraki Gulf Forum: Political Action Needed To Restore Capacity
The ‘State of our Gulf’ report released today by the Hauraki Gulf Forum highlights ongoing degradation in the Hauraki Gulf / Tīkapa Moana and states that the most profound recent change to pressures facing the Hauraki Gulf is a surge in population. More>>

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E-Can: Approval To Release New Rabbit Calicivirus Strain
E-Can has received the approvals required for the importation and release of the new rabbit haemorrhagic virus disease strain, RHDV1 K5 ... More>>

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Star-Crossed Beverages: Health Star Rating To Be Removed From Milo Powder
Milo’s high rating is based on the drink being made with skim milk. On its own, the powder only earns 1.5 stars. “It’s the skim milk that boosts the number of stars. But our research found most milo drinkers prepare the drink with standard blue top or full-cream milk,” Ms Chetwin says. More>>

Statistics: Record High Occupancy For Hotels In 2017
New Zealand hotels are the busiest they have ever been, with a record high occupancy rate of almost 70 percent in the year ended December 2017, Stats NZ said. More>>

Stink Bugs: Fourth Bulk Carrier Ordered To Leave New Zealand
The Glovis Caravel was ordered to leave New Zealand yesterday evening after the crew reported finding nearly 600 stink bugs, 12 of them alive, while the vessel was anchored near Auckland. More>>

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Since 1990: Greenhouse Emissions Rise At A Slower Pace Than Growth
New Zealand’s greenhouse gas emissions rose 24 percent in the past 25 years, but grew more slowly than the economy in general, Stats NZ said today. More>>

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Nationwide Release Planned: Approval For New Rabbit Calicivirus Strain
Environment Canterbury has received the approvals required for the importation and release of the new rabbit haemorrhagic virus disease strain, RHDV1 K5. More>>

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Wine: New Zealand Confirmed Number 3 In USA Market
Last year the total value of New Zealand wine imported to the US reached US$422 million, up 6% on 2016 and surpassed only by Italy (US$1.9 billion) and France (US$1.8 billion). More>>

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Gita Hits NZ: 'It Was Literally Like A Wall Of Water'
"We were looking at the river at 80 cubic metres at about 4pm thinking it was amazing that we'd dodged the bullet ... an hour and a half later it was 600 cubic metres, and it just kept going up to 900 from there." More>>

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America's Cup: Another Day, Another Cup Village Plan
A fourth option modelling what an America's Cup Village in Auckland might look like has arrived today as a planning deadline nears with no agreement in sight.More>>

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