Stories from New Zealand

ANZ Bank's loan calculators incorrectly charged approximately 17,000 customers the wrong amount of interest. The error could potentially cost the bank $125 million. The bank is currently considering an appeal regarding the matter.

The Waikato District Council agreed to investigate alternative options for future projects following complaints about gravel trucks using residential routes. Residents reported that loose rocks from the trucks have dented cars.

The Resource Management Act Reform Minister stated that treaty settlements must be protected and upheld during a local government restructuring. Local councils have been granted a three-month period to form proposals for amalgamation.

The Department of Conservation's Kakapo and Takahe Recovery Program reported 93 new chicks have been produced. The 2026 breeding season for the Kakapo has been identified as the largest on record.

Police arrested a 23-year-old woman following two separate stabbings in West Auckland. One incident occurred on Swanson Road just before midday. The victim from the Swanson Road stabbing was taken to a nearby hospital. A stolen vehicle was tracked across central suburbs of Auckland before police intercepted it on Nelson Street. Two individuals were arrested following a dangerous driving incident.

Prime Minister Christopher Luxon stated New Zealand is in a good position with confirmed orders through the end of May and planned orders through the end of June. Luxon noted the country has been well organized with engagement across various economic sectors.

The first phase of a new wetland designed to improve water quality in Lake Horofenua is weeks away from completion. For years, sewage from Levin was pumped into the lake, and excess nitrogen continues to make the water harmful to humans.

A2 Milk Company announced a voluntary recall of approximately 63,078 boxes across three batches in the United States market. The recall involves approximately 63,078 boxes across three batches due to detected Lyam toxin, according to a New Zealand Stock Exchange statement.

A New Zealand-based company is scaling up its technology production from kilogram to tonnage capacity. The company is working with a strategic partner from Australia to assist with funding. The leadership expressed 100% confidence in the future of the technology.

ANZ has lost a class action case in the High Court regarding errors or variations in loan documents. The announcement was made during a business news update.