The superyacht manufacturer Alloy Yachts has announced it is cutting up to 130 jobs after lower demand and a high exchange rate put pressure on the business.

Auckland Council's budget committee has voted 16-7 for a proposal to increase rates by 3.5 per cent for each year of a new 10-year budget.

The $2.4b City Rail Link could be deferred until 2020 because of mounting concerns by councillors about its impact on rates, debt and big cuts to community services.

Singapore Airlines is carefully picking its battles as it faces increased competition from Middle Eastern carriers and budget airlines.

The line of passengers taking pictures of the plane they'd just stepped off at Auckland Airport this week was proof that big aircraft make a big impression.

Departing KiwiRail chief executive Jim Quinn received an $80,000 pay bump during a year his company lost almost a quarter of a billion dollars.

Budget travellers will soon have three major long-distance bus operators to choose from, offering fares from as little as $1 each way between Auckland and Wellington.

Warkworth's village character and market town charm is being put at risk by a big retail development aimed at luring motorists on SH1, say residents.

Naked Bus will give a taste of business class to passengers with a lie flat bed sleeper service hitting the road just before Christmas.

Almost a quarter of New Zealand executives think top-level managers' pay packets are out of kilter with reality, a survey suggests.

A company which began as a one-boat minnow offering America's Cup sailing experiences is about to take on Auckland's major ferry company on the Auckland-Waiheke Island passenger run.

Traffic will gain clearer runs to and from Auckland Airport from a $140 million accelerated project to turn George Bolt Memorial Drive into a full motorway.

Auckland Council wants to talk to the new Govt about special taxes, including road charges and vehicle congestion charges, to fund its transport programme.

Rich-lister Graeme Hart was hands-on with the design of his new luxury superyacht, says the naval architect behind the estimated $78 million vessel.

A bus company has refunded all 37 passengers who endured two breakdowns on a nightmare ride through the central North Island.

Auckland faces rate hikes of 3.5 per cent for eight years straight and $2.8 billion of cuts to capital projects.

Big cuts to transport, parks and community services will be outlined later this morning when Auckland Mayor Len Brown unveils the first draft of a new 10-year budget.

McConnell Dowell Constructors is drilling an underground tunnel north of Auckland, from the Watercare Pump Station at Orewa to subdivisions north of Grand Drive.

Hundreds of capital projects totalling about $300 million are being deferred by Auckland Council this year to address pressures in next year's black budget.

The Government is looking at an early start on the $2.4 billion City Rail Link - but only for a short section of the route to go with the redevelopment of the Downtown Shopping Centre.

A service which connects available pilots with passengers willing to split travel costs isn't operating legally says an FAA ruling in the US.

Freightways posted a 3pc gain in full-year profit, driven by growth in its express package and mail business, and said it expects further growth in 2015.

Pressure is building to make travel easier between Australia and New Zealand, a move that could help fill a million empty seats each year on flights across the Tasman.