Friday 24th June, 2016
Thumb not available yet

Citizens of Great Britain have voted in a referendum to decide whether or not to stay in the European Union.

The vote has sent jitters through the stock markets, and will cause serious financial shock waves the world over.


Wednesday 22nd June, 2016

The number of visitor arrivals to New Zealand for May was the highest ever recorded for that month.

Figures released by Statistics New Zealand reveal more than 193,000 people visited the country.

And for only the second time ever, visitors from China exceeded those from Australia.

The first time that happened was in February 2015.

In total, visitor arrivals hit a record 3.29m, up 11% on last year.


Friday 17th June, 2016

Kiwi Regional Airlines is calling it quits after less than a year in operation.

The airline will be taken over by Air Chathams, who has agreed to absorb the company's singular 34 seat aircraft.

They have also promised to offer employment to the majority of the failed airline's full time staff.

All scheduled services will continue to run until the end of July, and any passengers booked on flights after that will be refunded.


Friday 17th June, 2016
Thumb not available yet

Dunedin-based politicians have expressed their shock and grief over the murder of British MP Jo Cox.

Cox died this morning after being shot and stabbed in Northern England.

And the tragedy is prompting reflection among local MPs.


Thursday 16th June, 2016

The average cost of residential electricity has fallen for the first time in 15 years.

The latest New Zealand Energy Quarterly indicates the average residential cost per unit of electricity is 1.4% lower than this time last year.

The report also shows that in the past year there has been record retailer switching and continued growth in the market share of smaller retailers.

Customer incentive and retention credits also doubled.


Wednesday 15th June, 2016
Thumb not available yet

The total cost of the country's flag referendum has been released, with figures showing the project came in under budget.

The provisional cost has been revealed as $21.8m, almost $4m less than what was initially budgeted.

That's despite the late addition of the red peak option, which cost just under $270,000.

The most expensive aspect of the process was the first postal referendum, coming in at a cost of $9.

After two referendums, 57% of New Zealanders voted to retain the current flag with the remainder voting for the Kyle Lockwood alternative.


Tuesday 14th June, 2016
Thumb not available yet

Three Otago cricket players have made the cut for the coming seasons' Black Caps squad.

New Zealand Cricket has confirmed 21 contracted players, an increase on last year's 20.

Otago Volts Mark Craig, James Neesham and Neil Wagner all got the call up for the team, which remains largely unchanged from last season.

However the departures of Brendon and Nathan McCullum, as well as Grant Elliot, left space for some fresh talent.

The new line up also features four new players, including the maiden appearances of Henry Nicholls and George Worker.


Tuesday 14th June, 2016
Thumb not available yet

The announcement that New Zealand's annual refugee quota will be increased from 750 to 1000 is being welcomed locally.

Although it falls short of some calls for the quota to be doubled, members of the city's refugee steering group say it's a step in the right direction.

And with more Syrian refugees due in Dunedin this week, the group is focusing on what they can do to welcome those already on their way.


Tuesday 14th June, 2016

The cost of food is down slightly, predominantly because of seasonal produce.

Fruit and vegetables are almost 4% cheaper at the moment, buoyed by the low price of tomatoes and potatoes.

The average price for a kilo of tomatoes fell to $6 in May compared with $6.70 a month earlier.

However avocado prices are currently at their highest level, with the average price sitting at around $4.50, almost $3 more than this time last year.

Overall, food prices fell 0.5% last month.


Friday 10th June, 2016

Three of the country's top banks have introduced tough new restrictions on home loans for foreign buyers.

BNZ, Westpac and ANZ say they'll cease lending home loans to foreign buyers, while also bringing in new rules for Kiwi borrowers living overseas.

Hopeful buyers on temporary resident visas will only be accepted if they have both a New Zealand address and a New Zealand-based income.

An ANZ spokesman says the changes are being made to ensure the bank is appropriately positioned in the current housing market, taking into account supply pressure in certain areas.