Onehunga’s Beachcroft Residences owes lenders $71.7m, receivers say
CMT is the general partner of Beachcroft Apartments LP, which was also put into receivership due to its…
Beef + Lamb NZ report: National lamb crop up as ewe performance lifts
Beef + Lamb NZ chairwoman Kate Acland said the lift in the lamb crop was a welcome boost…
Tower Insurance fined $7m for misleading multi policy discount claims
According to the FMA, Tower has carried out remediation and repaid over $11.7m to customers. The fine comes…
St James Theatre v Auckland Transport: Owner Steve Bielby in court for parking next to $30m council-funded redevelopment
“[AT] really do hate the fact that we have a vehicle crossing in Lorne St.” Bielby said AT…
Kiwi Harry Mellsop raises $7.3m for his physical-world AI start-up Antioch
He then moved to New York, where he co-founded his start-up, Transpose, with fellow Stanford grad Alex Langshur.…
Customs seizes cocaine worth nearly $16m from container at Port of Tauranga
The outer packaging depicting a hamster in a crown. Photo / NZ Customs Hidden amongst legitimate goods, Customs…
Media Insider: RNZ’s $11m move into TVNZ delayed by up to eight months, broadcaster outlines details of new-look studios
It is understood the company started paying rent last month for its new staff and studio spaces on…
Dynamic Business: One NZ’s AI agents cut calls, energy use and cyber fraud at telco
The journey began with robotic process automation (RPA), the software that handles repetitive tasks that would otherwise require…
IRD Covid loan defaults hit $447m as 20,000 small firms fall behind
In addition, tens of billions of dollars’ worth of extraordinary government grants and loans, including the cashflow lending…
Former Covid response lead Alister Thorby stole $1.8 million from DHBs
As well as a holiday, he’d spent the money on a property in Foxton and multiple vehicles. Now,…
Rio Tinto to spend $50m on toxic waste plant at Tiwai Point smelter
“Our new facility at Tiwai Point means this processing will now take place in New Zealand, reducing the…
Long-lost Rubens ‘masterpiece’ sells at auction in France for $5.5m
Later historians described this engraving and, despite having never seen the painting, catalogued its existence. It was bought…