Author: Press Room

Insurance firm Tower has been ordered to pay a $7 million penalty after overcharging more than 61,000 customers by $11 million through misleading multi-policy discount claims.The High Court in Auckland handed down the penalty after the general insurer admitted breaching the Financial Markets Conduct Act by misleading customers in invoices about its multi-policy discount offer from September 2016 until February 2025.The Financial Markets Authority brought civil proceedings against Tower Limited after the company self-reported the issue in March 2021.Tower admitted to making false or misleading representations in both invoices and marketing material related to multi-policy discounts, affecting approximately 90,200 policies…

A man who allegedly attacked two people on an Auckland bus last night has been arrested, police say. One man died and a second man was seriously injured after being attacked by the same person in two separate incidents aboard a bus in the east of the city. The incidents occurred on the number 76 bus travelling from Glen Innes towards Ōrakei around 8pm.“We believe we have identified the man that is responsible,” Detective Inspector Glenn Baldwin said earlier this afternoon.“He is wanted to arrest for murder and causing grievous bodily harm. [He] should be considered dangerous and should not…

New LinkedIn data shared with Europe in Motion shows that the number of members adding that title to their profile is booming across Europe: +85% in the Netherlands, +69% in the UK, +68% in Spain, +61% in Germany and +49% in France. At least half of British, German and French small business entrepreneurs say AI is making it easier to break into the market, providing them with capabilities that were once only achievable with large budgets and specialist teams. Eurostat seems to back this trend: the number of micro-enterprises (companies with fewer than 10 employees) has been steadily growing in…

A 38% stake in Taieri Forests Ltd and 100% of the assets of Otago Estate Ltd have been sold to APG Asset Management — Europe’s largest pension investor. Yesterday, New Forests, a global investment manager of nature-based real assets and natural capital strategies, announced its $A700 million ($NZ802.6m) Australia New Zealand Forest Fund 2 had signed agreements for the final asset dispositions with the sale of the two Otago forestry assets. The price was withheld. Taieri Forests Ltd is one of the largest producers of softwood logs in the region, with 24,700ha of plantable area comprising 92% radiata pine and…

A 26-year-old man has died after drowning at an Auckland beach on Monday night. Police were called to Kariotahi Beach around 7.10pm to reports of two men “experiencing difficulties in the water and struggling to return to shore”. Surf Life Saving’s Search and Rescue team responded with one rescue watercraft and two inflatable rescue boats.Inspector Jared Pirret said the police Eagle helicopter was in attendance at the scene. “One of the men was returned to shore safely by lifeguards with Eagle locating the second man in the water,” Pirret said. “Sadly, the man was unable to be revived back on…

Published on 09/12/2025 – 17:20 GMT+1 The development of a hydrogen market in the European Union is far from meeting an ambitious 2030 target thanks to high fuel production costs and regulatory uncertainty, according to the latest report from the bloc’s energy regulators. The warning from the Agency for the Cooperation of Energy Regulators (ACER) comes as the EU tries to encourage hydrogen projects in a bid to reduce reliance on fossil fuels. But critics argue that investments in hydrogen infrastructure will end up backing dirty hydrogen or even natural gas given the immaturity of the hydrogen market and the…

South Otago-based Calder Stewart is developing a new ingredient warehousing and distribution facility at a cost of more than $15 million at South Auckland business park Drury South Crossing. The 3500sq m facility is being built for multinational food ingredients brand Langdon. Construction begins in March and completion is scheduled for November next year. A statement said the investment was to meet surging New Zealand demand for third-culture cuisine and Gen Z’s evolving interest in foods popularised on social media. Third-culture cuisine referred to dishes created by people raised between two or more cultures who blend their family heritage with…

Five people linked by police to the Head Hunters gang – including a teenager – have been arrested after a café on Auckland’s North Shore was allegedly gutted in a firebombing last month. Around 11.20pm on November 1, emergency services were alerted to a fire at the Sunflour Café following reports of flames coming from the two-storey building.The group of five, aged between 15 and 42, were arrested after police carried out searches across West Auckland and the North Shore as part of Operation Governor, an investigation into offending at Ōrewa businesses between September and early November. It included another…

Housing Minister Chris Bishop says “some dickhead” has vandalised his office in Lower Hutt.In a post to social media, Bishop said the office in the suburb of Wainuiomata had been “smashed up”.”Office is closed for today. My apologies to those who need to come in for appointments today.”Chris Bishop shared photos of the damage on social media. (Source: Facebook)Bishop also shared photos of the vandalism, which showed the front door glass smashed and scattered throughout the inside of the office.Police told 1News, in a statement: “Police received a report just before 9am of damage to a window, overnight, at a…

Two further people have been arrested in an ongoing homicide investigation after a motorcyclist was allegedly run down and stabbed in Mt Wellington last Friday.The investigation, named Operation Hawkin, has been underway since December 5 after a man with critical injuries presented to an Auckland medical centre. He later died in hospital.Police said at the time the man arrived at the medical centre on Lunn Ave with critical injuries around 12.15pm. Police were contacted and units responded to the area, including the police Eagle helicopter.Detective Inspector Scott Beard previously said it was understood the victim got into an altercation with…