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Invest In NZ News

  • Phishing scam claims Netflix is going to raise subscription prices

    An email purporting to be from Netflix stating that prices are going up appears to be a phishing scam, the media streaming service says.

    The email, which was received by a New Zealand customer, claimed that Netflix was increasing its price to $14.99 per month from December 22.

  • Warehouse pledges online transformation to survive digital threats such as Amazon

    Amazon has been a driving factor in The Warehouse's digital transformation, chairwoman Joan Withers and group chief executive Nick Grayston told shareholders at its annual meeting in Auckland today.

    "We are going through a period of change unprecedented in the company's history and we believe that we will be in good shape to compete with the likes of Amazon," Withers said.

  • Visit of UK Trade Secretary Fox to New Zealand

    Minister for Trade and Export Growth David Parker has confirmed that United Kingdom Secretary of State for International Trade Liam Fox will visit New Zealand between 25 and 28 November.

    “New Zealand and the United Kingdom enjoy a uniquely close and important friendship,” Mr Parker says.  

  • Vladimir Putin says all businesses should be ready to switch to war production at any moment

    Vladimir Putin has said that all Russian businesses must be ready to meet war-time needs at any moment.

    The Russian President made the remarks at a meeting of world military chiefs in Sochi on Wednesday, according to the Daily Mail.

  • Vladimir Putin says all businesses should be ready to switch to war production at any moment

    Vladimir Putin has said that all Russian businesses must be ready to meet war-time needs at any moment.

    The Russian President made the remarks at a meeting of world military chiefs in Sochi on Wednesday, according to the Daily Mail.

  • Council votes 'yes' on Easter Sunday trading

    Shops will be able to open in Tauranga on Easter Sunday from next year.

    Tauranga City Council voted seven to three in favour of introducing a policy allowing trading on Easter Sunday.

    In a three-hour-long meeting councillors passionately debated the issue after hearing verbal submissions from leaders in business and religion in Tauranga.

  • Towards a fairer tax system - Tax Working Group Terms of Reference announced

    Finance Minister Grant Robertson and Revenue Minister Stuart Nash today announced the Terms of Reference for the Tax Working Group and that the Group will be chaired by Sir Michael Cullen.

    “Our 100 Day Plan includes the establishment of a Tax Working Group. The Working Group will consider changes that would improve the structure, fairness and balance of the tax system,” says Grant Robertson.

  • Tourism booming but growth rate slows

    Short-term visitor arrivals, which include tourists, people visiting family and friends and people travelling for work, reached 3.7 million in the October year, up 8 per cent from a year earlier and a new annual record.

    Statistics New Zealand says the number of people coming to New Zealand on holiday rose 8.6 per cent on an annual basis to 1.9 million people.

  • Leaked email reveals Amazon Australia's launch date - tomorrow

    It's finally here.

    After months of speculation, it appears Amazon's full Australian offering will go live just in time for this week's Black Friday sales, a move widely tipped by retail experts.

    In an internal email on Tuesday, obtained by tech website Lifehacker, the e-commerce giant told all Amazon Marketplace sellers to have their pricing, stock and details ready for an "internal testing phase" kicking off tomorrow.

  • Minister opens new Medical Centre, praises role of Primary Care

    Health Minister Hon Dr David Clark says today’s official opening of a new medical centre in Auckland emphasises the vital role of Primary Care in the New Zealand health system.

     Dr Clark says the new Beachlands Medical Centre demonstrates the value of keeping healthcare close to the people who use it.

     Dr Clark grew up in the area, and he and his family were patients of the Beachlands practice.

  • $661 million art sale paints picture of looming collapse

    Leonardo da Vinci has special cachet. What is striking about the Christie's soiree in New York last week was not so much the US$450m ($661m) paid for his rediscovered Salvator Mundi but the prices fetched by everyone else.

    Buyers forked out $46m for vermilion spirals from the Bacchus series by Cy Twombly, executed 12 years ago with a paint-drenched brush on a pole. Soothing sands called Saffron by Mark Rothko fetched US$32m.

  • Government delivers big boost for students

    The Government has today taken a big first step towards making tertiary education and training more affordable for all New Zealanders.

     

    The Government’s first 100 days programme includes introducing a $50 a week boost to both student allowances and loan entitlements for living costs and making the first year of tertiary education fees-free from 1 January 2018.

     

  • Minister announces new plan for Metro Sports Facility

    The Minister for Greater Christchurch Regeneration, Megan Woods has today announced a new plan for the Metro Sports Facility anchor project, after it was revealed the long-delayed project was expected to exceed its budget by $75 million under the current approach.

  • NZME-Fairfax Media merger terms should be up for rethink - analyst

    NZME should no longer pay Fairfax Media $55 million as part of the proposed merger between the two news publishing groups if the courts clear the way for the union to go ahead, says broking firm First NZ Capital.

    Announced in September last year, the deal to merge the New Zealand assets of Fairfax with NZME was rejected by the competition regulator, the Commerce Commission, in a decision in May.

  • First NZ Capital to buy ANZ's Direct Broking for undisclosed sum

    First NZ Capital has agreed to buy ANZ Bank New Zealand's online trading platform for an undisclosed sum as the broking firm expands into the direct wealth market.

  • New Zealander nominated for International Organisation of Vine and Wine

    The Minister of Foreign Affairs and the Minister of Agriculture today announced that the New Zealand Government has nominated Dr John Barker for the position of Director General of the International Organisation of Vine and Wine (OIV).

    The successful candidate will take up the position in January 2019.

  • Norway's warning: Dump oil and gas shares

    The Norwegian central bank, which runs the country's sovereign wealth fund - the world's biggest - has told its government it should dump its shares in oil and gas companies, in a move that could have significant consequences for the sector.

    Norges Bank, which manages Norway's US$1 trillion ($1.4 trillion) fund, said ministers should take the step to avoid the fund's value being hit by a permanent fall in the oil price.

  • NZ to become a leader in the fight against climate change

    New Zealand intends to become a leader in the global fight against climate change, Climate Change Minister James Shaw has told a major United Nations climate change conference.

     Mr Shaw delivered the New Zealand National Statement at 11.45pm (NZ time) on Thursday at the COP23 conference. Minister for Pacific Peoples Aupito William Sio is also at COP23.

  • NZ to become a leader in the fight against climate change

    New Zealand intends to become a leader in the global fight against climate change, Climate Change Minister James Shaw has told a major United Nations climate change conference.

     Mr Shaw delivered the New Zealand National Statement at 11.45pm (NZ time) on Thursday at the COP23 conference. Minister for Pacific Peoples Aupito William Sio is also at COP23.

  • International visitors spend $10.4bn in year to September

    International visitor spending has reached a record high of $10.4 billion in the year to September 2017, Tourism Minister Kelvin Davis says.

     The latest International Visitor Survey results from the Ministry of Business, Innovation and Employment (MBIE) showed expenditure increased four per cent compared with the year ended September 2016.

  • NZ dollar falls against Aussie as improving labour market stokes Australian sentiment

    The New Zealand dollar fell against the Aussie dollar and the greenback after figures showed Australia's jobless rate dropped to its lowest level in more than four years.

    The kiwi fell to 90.24 Australian cents as at 5pm in Wellington from 90.56 cents late yesterday. It declined to 68.55 US cents from 68.71 cents yesterday.

  • $7.4 million funding for erosion control

    Forestry Minister Shane Jones has today welcomed $7.4 million in erosion control funding for Gisborne district landowners.

    The money comes from the latest funding round of the Ministry for Primary Industries’ Erosion Control Funding Programme and will benefit 32 properties.

    “Gisborne has the worst eroding land in the country because of poor soil quality and the increasing frequency of adverse weather events,” Mr Jones says.

  • Previous Government told house building would fall; KiwiBuild will increase total building

    The previous Government was told by officials that the number of houses built would peak and start to fall well short of the number needed to meet demand. Official advice shows KiwiBuild will prevent this decline in house building and drive further increases, says Minister of Housing and Urban Development Phil Twyford.

  • NZ endorses international plan to reduce agricultural and waste emissions

    New Zealand has endorsed the Bonn Communique of the Climate and Clean Air Coalition on Tackling Air Pollution to Save Lives and Protect the Environment.

     Climate Change Minister James Shaw endorsed the communique at the COP23 climate change conference in Bonn, Germany, overnight New Zealand time.

     The communique focuses on “super pollutant” short-lived gases that cause air pollution and climate change, such as methane.

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