Genesis Energy, power firms secure Huntly reserve for energy stability
Markets

Genesis Energy, power firms secure Huntly reserve for energy stability

Genesis Energy and the three other big power generators have signed agreements to establish a strategic energy reserve centred on Genesis’ Huntly Power Station, the NZ Herald reported.The deals – aimed at supporting national security of power supply – have been settled by Genesis...

Pessimism worsens in small businesses
Economy

Pessimism worsens in small businesses

One poll shows almost one in three owners quizzed felt negative about their prospects.

Staff reporters 01 Aug 2025
United States slaps a 15% tariff on New Zealand goods
News in Brief

United States slaps a 15% tariff on New Zealand goods

The United States has imposed a 15% tariff on New Zealand goods, up from a previously advised 10%, a statement from the White House says.Trade Minister Todd McClay earlier said initial indications showed US President Donald Trump might apply a 15% tariff.Trump announced the tarif...

Staff reporters 01 Aug 2025
Layoffs loom at Wētā FX
News in Brief

Layoffs loom at Wētā FX

Hundreds of jobs could be on the chopping block at Sir Peter Jackson’s Wellington-based visual effects and animation company Wētā FX, the NZ Herald reported.The Herald has seen an internal memo from CEO Daniel Seah sent to staff yesterday titled “update on organisational changes”...

Staff reporters 01 Aug 2025