Australia's federal government has extended its ban on KPMG bidding for new government contracts until at least the end of February, citing what it called serious ethical failings. The move follows allegations that audit partners at the firm misused client data and then mishandled a whistleblower's complaint about the matter.
New Zealand's annual inflation rate tumbled to 3.7 percent. The slowdown has raised the odds that the Reserve Bank will lift its benchmark interest rate at next week's policy meeting, even as price pressures are forecast to pick up again soon.
New Zealand's state broadcaster TVNZ faces its first staff strike in two decades after the E tū union rejected a 2.5% pay offer that workers say falls well short of inflation.
A newly discovered flaw in PHP, the programming language underpinning much of the internet, has already knocked government sites, schools and web hosts offline across Australia, and experts warn more breaches are coming.
Fewer than half of New Zealand business leaders feel positive about their own performance, with expectations for improvement sliding to a record low this quarter.
Home values fell across every Australian capital city last quarter, the sharpest decline on record, as high borrowing costs continue to weigh heavily on buyers nationwide.
Developers behind a proposed gas-fired power plant for a data centre in Moss Vale, New South Wales, have told a court they now want the site connected to the electricity grid instead. The plant could sit idle within two years if the amended plan is approved.
ANZ economists say New Zealand's housing bubble has largely deflated after two years of price corrections. The bank expects only mild further declines nationwide, with Reserve Bank interest-rate moves still shaping buyer affordability.
An Australian mining company is pursuing a fresh approach to gold exploration in New Zealand's Golden Bay after its earlier bid on conservation land was turned down.
Landholders and politicians in Australia's Queensland state are pushing for tougher legal protections as the rapidly growing renewable energy sector increasingly affects rural land use.
New Zealand KiwiSaver manager Simplicity is investing NZ$50 million in Icehouse Ventures' Growth Fund III, which backs late-stage local companies including agtech firm Halter and supplement maker Calocurb.
New Zealand-founded accounting software company Xero has apologised over how it handled a 2017 whistleblower complaint of sexual misconduct against its founder, Rod Drury. An independent review led by senior lawyer Maria Dew spent recent months examining the company's response to the complaint.
Australia will allow young Papua New Guinean university students to join its armed forces under a new recruitment trial tied to a recent defence treaty between the two countries. The scheme aims to help the Australian Defence Force fill recruitment shortfalls while deepening security ties with its Pacific neighbour.
The growing global use of GLP-1 weight-loss drugs is pushing consumers toward more nutrition-conscious choices, creating new export opportunities for New Zealand's premium food producers.
Workers at New Zealand's state-owned Kiwibank have gone on strike over the bank's latest pay offer. The workers' union says the 2.25 percent offer does not add up and that the bank can easily afford to improve it.
New Zealand's free trade agreement with India has officially taken effect, Trade and Investment Minister Todd McClay said. The deal makes 57 percent of New Zealand's exports to India tariff-free, including sheep meat, wool, coal and forestry products.
New Zealand's economic recovery is progressing slowly, with employment and retail spending both still contracting, according to Bank of New Zealand senior economist commentary. The bank linked the weak results to ongoing pressure on household incomes across the country.
Independent Australian MP Helen Haines was critically injured in a violent attack near her electorate office in Wangaratta, Victoria. Police took a man into custody, and Prime Minister Anthony Albanese said counter-terrorism officers are assisting with the investigation.
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