First coastal freight ship travels East Coast’s ‘blue highway’
The first cargo ship to travel the emergency coastal route that’s a lifeline for the cyclone-ravaged region has arrived in Napier with containers of produce.
Fonterra first-half profit up 50 percent
Dairy cooperative Fonterra has reported a strong 50 percent increase in its first-half profit, doubled its first-half dividend and announced plans for an $800 million return to shareholders.
Skin cream farmed from starfish could save Ōhiwa Harbour mussels
A new skin cream made from starfish collagen could save more than just people’s skin – it could also save our mussels. The cream was developed by Cawthron Institute research…
NZ tech firm with funds in collapsed Silicon Valley Bank relieved over funds access
A New Zealand technology company with money trapped in collapsed Silicon Valley Bank says it is breathing easier at the news depositors will get all their money. US authorities have ensured depositors at the bank and a second bank, Signature, can access their funds at the start of the US working week. A second bank […]
China resumes issuing all types of visas
China will resume issuing all types of visas for foreigners, including the tourism visa, port visa, and multiple visa-exemption policies starting from March 15, 2023. It is the latest in a series of moves to reopen its border. Inbound travelers are advised to consult with their local China embassies or consulates for more detailed requirements […]
Xero announces plan to cut up to 800 jobs
Xero says it will cut up to 800 jobs. New Zealand based software accounting firm Xero plans to shed up…
Fonterra plans biotech move
New Zealand’s largest company, Fonterra, is diversifying from dairy products to high-value biotech. In response to the changing global market, with consumer demand for dairy products slowing, the dairy co-operative has recently established a Global Markets division, which will investigate new advanced consumer and biotech products. Head of the new division, Judith Swales, said global […]
Unilever’s successful four-day work week expands to Australia
A four-day work week trial run by Unilever over the past 18 months has been highly successful and will be expanded to Australia, the company says. The company’s New Zealand employers were allowed to spend 20 percent less time at work while continuing on full wages. The company says that it saw a growth in […]
Kiwi smoothie company launches in South Korea
A New Zealand company is launching its smoothie products in South Korea. Seriously Healthy is launching its Serious Smoothie products, which are single-serve pouches of frozen fruit pieces, into South Korea after success in Australia and Fiji. Founder Samuel Rosser said the products make it easier to prepare a healthy smoothie. “We keep it as […]
Costco opens in New Zealand
American discount wholesale retailer Costco opened its first store in New Zealand last month. The store, located north of Auckland in the Westgate suburb, sells hundreds of brands in the departments of food, healthcare products, electronics and furniture. It also includes a pharmacy, optometrist, hearing aid centre and food court. Managing director Patrick Noone said […]