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Business: Air NZ profit flying high
New Zealand

Business: Air NZ profit flying high

Air NZ has unveiled a record interim financial result for the first half of the 2014 financial year. The airline says its net profit after tax was $140m - a 40 per cent jump on the same period the year before. Chief executive Christopher Luxon said the hard work of the airline's 11,000 staff had placed the airline in a position where it was able to adapt to a changing economic and competitive environment. A good economic outlook in the airline's 'key revenue markets' was good news, said Luxon, with the airline well placed with new planes arriving soon.

Genesis and State housing for sale
New Zealand

Genesis and State housing for sale

The Government has announced its Genesis share offer will proceed next month but it may sell less than the 49 per cent offered if there is not enough demand from potential buyers in a "front end bookbuild".The Government expects to sell between 30 per cent and 49 per cent of the shares in genesis. When the programme was first mooted, the government said it would offer up to 49 per cent of power companies.

Key: Genesis Energy partial sale
New Zealand|Politics

Key: Genesis Energy partial sale

Prime Minister John Key has confirmed the Government will go ahead with the partial privatisation of Genesis Energy over the next month or so but has underlined the sale will be the last one under a National Government.

Key: Minimum wage rise
New Zealand

Key: Minimum wage rise

The minimum wage will go up 50c to $14.25 an hour from April 1 this year, Prime Minister John Key. The increase is ahead of expectations of a 25c rise but remains well short of the $18.80 an hour living wage campaigners say is needed to feed two adults and two children in New Zealand.

Telecom changing to Spark (supplied)
New Zealand

Telecom changing to Spark (supplied)

Telecom intends to change its name later this year to Spark, Simon Moutter CEO talks about the intention to change the name. The company said as it announced flat net profit of $167 million for the 6 months ending 31 December 2013. Moutter said "Spark better reflects the company's new direction and the aspirations it has for its place in the life of New Zealanders".

Jones: Countdown 'leaned on' suppliers
New Zealand

Jones: Countdown 'leaned on' suppliers

Labour's Shane Jones further escalated his battle with Countdown today by suggesting in Parliament that a leading Australasian businessman has "leaned on'' local suppliers to discourage them from taking part in a Commerce Commission inquiry into the supermarket giant's business practices.

'Blackmailed' by supermarket chain - MP
New Zealand

'Blackmailed' by supermarket chain - MP

Supermarket giant Countdown - already facing a consumer backlash over its Australian parent's ban on New Zealand products - is accused of blackmailing New Zealand suppliers into paying to keep their products on its shelves.

China Southern  Dreamliner arrives in Christchurch
Business

China Southern Dreamliner arrives in Christchurch

Footage of the arrival of the first direct flight from Guangzhou into the South Island this week. 228 Chinese visitors were flown here to celebrate Chinese New Year and marked the first time a Dreamliner has flown commercially to Christchurch, highlighting the increasing numbers of Chinese visitors choosing the South Island over the north.

Super Bowl ad: Cheerios
Business

Super Bowl ad: Cheerios

The cereal maker brings back an interracial family that starred in a prior spot. This one shows a father telling his daughter that they're going to have an addition to the family, a baby boy. Then, the little girl strongly suggests they also get a puppy.

Inflation poses threat to NZ
Business

Inflation poses threat to NZ

Rising inflationary pressures exacerbated by accelerating building activity pose a threat to New Zealand's economic growth and warrant a return to more normal interest rates, Reserve Bank governor Graeme Wheeler says. The economy has been expanding beyond its potential growth rate for "some time" and inflationary pressures are beginning to appear, particularly in the construction sector where resources are being reallocated to deal with the Canterbury rebuild and Auckland housing construction

Cunliffe 'State of the Nation'
New Zealand

Cunliffe 'State of the Nation'

Labour leader David Cunliffe has set out a policy to give most parents of new born babies a payment of $60 a week until that baby turns one, while those on middle and lower incomes will continue to receive the payment until the child turns three. In his State of the Nation address, Mr Cunliffe also set out a raft of other measures for parents of young children, including free antenatal classes for all first time mothers, and extending early childhood education subsidies from 20 free hours a week to 25 hours.

Labour targets new parents
New Zealand

Labour targets new parents

Labour leader David Cunliffe has set out a policy to give most parents of new born babies a payment of $60 a week until that baby turns one, while those on middle and lower incomes will continue to receive the payment until the child turns three.

Cunliffe defends 'baby bonus'
New Zealand

Cunliffe defends 'baby bonus'

Labour leader David Cunliffe has set out a policy to give most parents of new born babies a payment of $60 a week until that baby turns one, while those on middle and lower incomes will continue to receive the payment until the child turns three.

Key may extend paid parental leave
New Zealand

Key may extend paid parental leave

Prime Minister John Key this morning hinted that National is working on its own legislation to extend paid parental leave but for a shorter period than the 26 weeks Labour is pushing for.

Cunliffe’s Kiwi dream part 2
Business

Cunliffe’s Kiwi dream part 2

As part of Career14 Herald careers editor Greg Fleming sat down with Labour leader David Cunliffe to learn a little more about his own career and his vision for jobs and employment as we enter election year.

Cunliffe’s Kiwi dream
Business

Cunliffe’s Kiwi dream

As part of Career14 Herald careers editor Greg Fleming sat down with Labour leader David Cunliffe to learn a little more about his own career and his vision for jobs and employment as we enter election year.

John Key's career lessons
Business

John Key's career lessons

As part of Career14 Herald careers editor Greg Fleming sat down with PM John Key to learn a little more about his own career and his vision for jobs and employment as we enter election year. Interviews with Labour leader David Cunliffe and Green’s co-leader Russel Norman will run later this week.

Len Brown: Paying for Auckland
New Zealand

Len Brown: Paying for Auckland

New Zealand Herald Super City reporter Bernard Orsman talks in detail to Auckland Mayor Len Brown how how he intends to push through his ambitious transport plans and how and who will pay for them.

University refurbishing ex-Lion Breweries site
Business

University refurbishing ex-Lion Breweries site

Auckland University property services director Peter Fehl reveals what is going on at the ex-Lion Breweries site in Newmarket. The university is spending $87m refurbishing four huge old warehouses and putting up a new building, mainly to accommodate post-graduate engineering students. The first students will move there by July.

Four Avatar films to be made in NZ
Business

Four Avatar films to be made in NZ

The next four Avatar films will be made in New Zealand, with former Prime Minister Sir John Key saying the investment would be "significant" - a minimum of $500 million. Video / File