The New Zealand government has forked out $5 million in a last-minute bid to save the country’s North Island ski season after a major skiing operator collapsed. The 11th hour loan of NZ$5 million (A$4.6 million), confirmed just days ahead of the season opening on July 1, was announced toContinue Reading

New Zealand’s agriculture-driven economy has fallen into recession, according to official data released Thursday, with a damaging cyclone fuelling a widespread downturn just months before national elections. Stats NZ signalled the economy had contracted 0.1 per cent in the first quarter, after a fall of 0.7 per cent at theContinue Reading