Daimler AG's luxury car brand Mercedes-Benz says it is stepping up its transition to electric cars, doubling the share of sales planned by 2025 and sketching out a market scenario in which new car sales would "in essence" be fully... Source: NZ Herald Business News
About 2100 farmers will vote in November on a proposed merger between grower-owned export and marketing company Wools of New Zealand (WNZ) and Primary Wool Co-operative to form a fully integrated supply chain business.Ahead of the... Source: NZ Herald Business News
The dream of homeownership is fading for many New Zealanders and a new report has revealed eight in 10 feel it is now impossible to buy a home.With a post-Covid surge to already high property prices, worry among New Zealanders is... Source: NZ Herald Business News
First home buyers are buying more houses but are also at greatest risk should interest rates rise and add thousands of dollars to their mortgage repayments.That's according to analysts CoreLogic, who said investors had been buying... Source: NZ Herald Business News
Auckland rents rose nearly 3 per cent annually, having exceeded $600/week average in April, with some areas becoming more pricey than others.New data out from Barfoot & Thompson which manages more than 16,500 properties, showed... Source: NZ Herald Business News
Kiwi peanut butter lovers can't go past a spoonful or two of Fix & Fogg, whether that's by the spoonful, on toast or in a fancy smoothie bowl - and Americans have gone nuts for the Wellington-based brand.Now the award-winning company... Source: NZ Herald Business News
A New Zealand company has been fined more than $170,000 for not seeking approval for a sensitive land purchase made on behalf of an overseas investor. A judgment at the Auckland High Court this week found company Clevedon Kawakawa... Source: NZ Herald Business News
Rising asset values resulted in New Zealand households' net worth topping $2.3 trillion in the March quarter, up 5.5 per cent or $118 billion over the December 2020 quarter.Net worth is the value of all assets owned by households,... Source: NZ Herald Business News
Saudi Arabia's state oil giant acknowledged Wednesday that leaked data from the company — files now apparently being used in a cyber-extortion attempt involving a US$50 million ($71.7m) ransom demand — likely came from one of its... Source: NZ Herald Business News
Thousands of general insurance customers are set to receive refunds after payment mistakes were revealed as part of reviews ordered by the financial regulator.The Financial Markets Authority asked general insurers - those who offer... Source: NZ Herald Business News