South Australia's idiotic bank tax

Imagine if on Monday morning, Levin announced it was imposing a tax on New Zealand’s supermarkets.The Levin mayor explains that the town needs the money and, besides, he adds, the supermarkets don’t pay enough tax on their profits.It…

How smartphones have changed money

This month marks 10 years since arguably the biggest product launch this century: Apple’s iPhone. The event created huge excitement and Apple’s smartphone has gone from strength to strength, notching up seven incarnations in a decade.Of…

NZ set to produce record amount of milk

New Zealand is set to produce a record breaking volume of milk this year.Industry giant Fonterra is forecasting a much higher price for Farmgate Milk this season, which dairy analysts say will be followed by a two to three per cent…

Al Capone's pocket watch sells for $115k

Artifacts connected to some of the nation’s most notorious gangsters have sold for more than US$100,000 at an auction house.The Boston-based RR Auction says a diamond pocket watch that belonged to Al Capone fetched the most – US$84,375…

$100m hotel planned for Queenstown

A planned $100 million luxury hotel complex near Skyline’s gondola marks a Queenstown comeback for an American developer.Kevin Carlin – who developed The Waterfront apartments 20 years ago and then the exclusive Lakeside Estates…

The gig economy: freedom or serfdom?

The gig economy – for some people it’s a chance to choose their own jobs, hours, and work from home. For others, it’s a form of exploitation, with little workplace protection.The gig economy has become the name for the systems and…