Economy

Focus on climate undermines transport carriers - road lobby

Brent Melville
Thu, 17 Sep 2020

The government's $4.8 billion annual transport budget is heavily targeted at achieving greenhouse gas emission targets for 2030, which will be to the detriment of roads and the trucking industry, the Road Transport Forum says. Including a $6.8 billion investment in land transport infrastructure, the decade-long spending plan boosts expenditure to a record $55 billion, and is focused on lowering emissions to 30 percent below 2005 levels by 2030. That's in line with the Paris agreement on climate change and gets even more challenging - net...

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Markets

MARKET CLOSE: Profit taking pulls shares down

Dan Brunskill | Mon, 21 Sep 2020

Profit taking pushed New Zealand’s benchmark stock index more than 500 points below its record as investors found few reasons to buy with a global recession in progress. The S&P/NZX 50 Index fell 94.42 points, or 0.8 percent, to 11,539.10. Within the index, 34 stocks fell, 11...

Infrastructure

Power market trading rules 'unsatisfactory' - review

Gavin Evans | Mon, 21 Sep 2020

Spot electricity market trading conduct rules are flawed, legal experts say.

Retail

Why Turners kicked vendor off car yards

Victoria Young | Mon, 21 Sep 2020

Former owner's behaviour "random and unhelpful," court told in Turner's car yard battle.

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