SPONSORED
Elevate Magazine

Archives: News

Explore our coverage of New Zealand and World politics, economics, business and culture.

datacentre

Data centres behind AI set to strain power grids

Data centres powering artificial intelligence systems could push electricity demand to unprecedented levels. According to the International Energy Agency (IEA),...

By Nicole Valdez | 11 Apr 2025 | 4 min read
luxon speaks on tariffs

Luxon speaks on Trump’s latest tariff moves

Luxon has reiterated New Zealand’s unwavering commitment to free trade, speaking to media following a 90-day suspension of new U.S....

By Liam Foster | 10 Apr 2025 | 3 min read
mortgage

Banks adjust mortgage rates in response to OCR change

Kiwibank, ASB, and Westpac have announced reductions in their variable home loan rates, reflecting the recent decrease in the official...

By Leenah-Leen Arandia | 10 Apr 2025 | 2 min read
exporter

Kiwi exporters face challenges amid US tariff hikes

New Zealand is the United States' second-largest export market. However, a new 10% tariff on imports into the US will...

By Leenah-Leen Arandia | 10 Apr 2025 | 3 min read
screenshot 2025 04 10 120712

Luxon defends free trade amid global turmoil in foreign affairs speech

Prime Minister Luxon delivered a robust defence of free trade and the rules-based international order during a speech to the...

By Liam Foster | 10 Apr 2025 | 5 min read
cinnamon bun with frosting

Cafe seeks new name for its iconic ‘Cinna-buns’ after legal threat

Auckland's Hill House Cafe is being compelled to rename its popular ‘Cinna-buns’ after receiving a cease-and-desist letter from a major...

By Leenah-Leen Arandia | 10 Apr 2025 | 3 min read
import tariff china

Trade freeze and fire: Trump announces 90-day pause on tariffs, slaps 125% levy on China

In a stunning shift that has sent financial markets soaring and global capitals scrambling for clarification, President Trump has announced...

By Liam Foster | 10 Apr 2025 | 4 min read
chatgptai

OpenAI and Google lead opposition to UK’s proposed copyright changes

OpenAI and Google are among the high-profile critics of the UK government's proposed changes to copyright law, which would allow...

By Nicole Valdez | 10 Apr 2025 | 3 min read
microsoft claims ‘most valuable company’ title after apple slump

Microsoft claims ‘Most Valuable Company’ title after Apple slump

A shift in corporate valuations has seen Microsoft reclaim its status as the world’s most valuable public company, overtaking Apple...

By Mike Jerome Infante | 09 Apr 2025 | 3 min read
residential construction

Homebuilding costs see smallest rise in nearly a decade

Residential construction costs are increasing at one of the slowest rates ever recorded, CoreLogic's Cordell Construction Cost Index has revealed. The...

By Leenah-Leen Arandia | 09 Apr 2025 | 1 min read
blog hero illustration calculator card coins d47a05b5b8

Deel unveils seven products to streamline global workforce management with AI-powered capabilities

Deel, a leading global payroll and HR platform, today introduced a suite of AI-driven products designed to transform how companies...

By Liam Foster | 09 Apr 2025 | 4 min read
timber frame house under construction, new zealand

Construction costs hit 13-year low: Is now the best time to build a home?

The cost of building a house in New Zealand has reached its lowest rate of growth since 2012. According to...

By Liam Foster | 09 Apr 2025 | 3 min read
ocr (1)

Reserve Bank sets OCR to 3.50%

The Reserve Bank of New Zealand (RBNZ) slashes the Official Cash Rate (OCR) by 25 basis points, from 3.75% in...

By Leenah-Leen Arandia | 09 Apr 2025 | 2 min read
lecture theatre

NZ’s international student boom signals full recovery this year

New Zealand’s international education sector is surging back to pre-pandemic strength, with enrolments climbing steadily and outpacing expectations. With over...

By Liam Foster | 09 Apr 2025 | 3 min read
tech rout intensifies as trade deal optimism fizzles

Tech rout intensifies as trade deal optimism fizzles

Technology shares surrendered early advances on Tuesday as fading hopes for tariff relief triggered a market retreat. The Nasdaq Composite,...

By Mike Jerome Infante | 09 Apr 2025 | 2 min read
house market

Housing market faces oversupply, Trade Me says

Property website Trade Me Property reports signs the housing market has a large oversupply of unsold homes. Trade Me said the...

By Leenah-Leen Arandia | 09 Apr 2025 | 2 min read
Subscribe for weekly news

Subscribe For Weekly News

* indicates required