Matthew Hooton: Jacinda Ardern’s Omicron choice horrific but necessary

OPINION: Jacinda Ardern’s difficult decision to move to something like “let it rip” or at least “live with it” will probably cost the lives of a few hundred unvaccinated New Zealanders, plus a handful of others. Yet the Prime Minister had no real choice. She made the right call. Wellington

$18.7m cigarette smuggling case: Businesswoman jailed, millions in assets forfeited

A businesswoman has been jailed for her role in one of the largest cigarette smuggling and tax evasion cases ever in New Zealand. Nearly $5.5 million of her joint assets have also been forfeited after Customs — acting on an anonymous tip-off — discovered large shipments of cigarettes being unlawfully

Waiheke’s Kennedy Point marina opponents challenge injunction

Waiheke Island’s Kennedy Point Marina protesters are in court today, challenging an ex parte injunction issued late last year banning them from the construction zone. Justice Thomas Gault presided over the High Court hearing today where a reserved decision is expected. The Protect Pūtiki Ngāti Poa-led group has continued to

China's 2021 GDP growth at decade high though momentum cooling

BEIJING (Reuters) -China’s economy rebounded in 2021 with its best growth in a decade helped by robust exports but there are signs momentum is slowing on weakening consumption and a property downturn, pointing to the need for more policy support.A customer looks at decorations for Chinese Lunar New Year displayed

Bubble watch: Will landlords’ winning streak last? – The Denver Post

“Bubble Watch” digs into trends that may indicate economic and/or housing market troubles ahead. Buzz: Talk about a winning hand. Last year, all 11 slices of one commercial real estate index posted gains — and 10 niches had double-digit increases. Source: Green Street’s Commercial Property Price Index tracks values of

M&S enjoys ‘strong’ Christmas but ASOS hit by supply woes during festive season

Two major players in fashion retail have reported differing fortunes in terms of momentum over Christmas, with Marks and Spencer (M&S) having more to smile about than ASOS for once. While both grew sales over the festive season, the online-only retailer had already downgraded expectations due to headwinds including tougher

More Chinese developers seek to extend bond terms to avert default

HONG KONG/SHANGHAI (Reuters) -Cash-strapped Chinese developers are scrambling to negotiate new terms with their bondholders to avoid defaults, with Shimao Group and Yuzhou Group the latest seeking extensions on their maturing debt.FILE PHOTO: A man walks past a wall carrying the logo of Shimao Group, with residential buildings and the

Chris Keall: Why I quit Twitter Blue – after just two months

COMMENT I’m quitting Twitter Blue – the social network’s new, $4.99 per month premium version – after just two months onboard. Read More What happens to your online accounts after you die? For me, there were three features in the paid version that appealed: the ability to edit a tweet,

COVID-19: Heathrow demands all testing is dropped after 600,000 passengers cancelled Christmas flights

Heathrow Airport has called for all coronavirus testing to be dropped for fully-vaccinated people while revealing that “at least” 600,000 passengers cancelled flights during the key holiday month of December. The UK’s largest airport said “swiftly imposed” action during the month to tackle the Omicron variant in the run-up to

Police called after property manager failed to pass on $52,000 rent: guilty of misconduct

Police were called in after the manager of a North Shore property failed to pay more than $52,000 rent to landlords from 2016 to 2019. The Real Estate Agents Disciplinary Tribunal said Desmond Kan’s conduct was “disgraceful” and found him guilty of misconduct after rent was unpaid to homeowners living