The Israel-Iran conflict has continued on for a week - and it's seen markets dropping as more fear the conflict intensifying.

Experts also believes markets are likely to drop further if the US gets more involved in the conflict.

Sam Dickie from Fisher Funds explains the market impact of the conflict.

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New data out of Stats NZ reveals the country's gross domestic product grew by 0.8 percent in the first quarter of 2025.

It's a stronger result than predicted by the Reserve Bank and Treasury.

NZ Herald business editor at large Liam Dann unpacks these results - and voices his concerns about the future.

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Federated Farmers is calling on Revenue Minister Simon Watts to rule out new changes to the Fringe Benefit tax that would impact utes.

The IRD has proposed major changes to the way FBT applies to utes and farmers are concerned this would set them back thousands of dollars a year.

Federated Farmers' transport spokesperson Mark Hooper says this issue started drawing in more attention post-Fieldays.

"We've had a little bit of communication with the minister's office - as I said, we looked at it from a farm perspective, we could see that there were some issues with the categories they had laid out."

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Kiwibank's chief economist says GDP figures released today show good momentum - but the next report isn't looking as good.

Stats NZ says our gross domestic product grew a strong 0.8 percent in this year's first quarter.

It's much higher than predicted by the Reserve Bank and Treasury.

Jarrod Kerr says there is less optimism around the quarter ending June.

"The data that we talked about was for the first quarter - obviously, it pre-dates Trump's tariff announcements, which has thrown a whole lot of uncertainty into the year. And it also predates the recent spike in oil prices."

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The Finance Minister's revealed top-level legal advice was sought over the Reserve Bank's battle with Treasury for funding.

The bank received less money than it anticipated in the latest funding round - which prompted Adrian Orr to quit as Governor.

NZ Herald Wellington business editor Jenee Tibshraeny unpacks the issue further.

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The conflict between Israel and Iran is continuing on - and it's sparked concerns among investors.

US President Donald Trump has demanded Iran's unconditional surrender, as he weighs up whether to join Israel's targeting of nuclear sites.

Milford Asset Management expert Andrew Curtayne explains the impact of the conflict.

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New data shows consumer confidence has gone up - but overall levels show people are feeling more pessimistic than optimistic about the economy.

The Westpac McDermott Miller Consumer Confidence index rose two points in June to 91.2, a modest rise from last quarter's drop.

Westpac senior economist Satish Ranchhod says negative news and the rising cost of living are contributing to an uncertain outlook, but confidence is likely to improve once more mortgages drop.

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The Inland Revenue Department has unveiled the horticulture sector hasn't paid their fair share of taxes.

Over the last 10 months, the IRD has found $45 million dollars of undeclared tax - and almost 100 audits are in the works now, within the sector.

Inland Revenue spokesperson Tony Morris says the department is seeing people being paid under the table, undeclared cash sales and withholding tax going unrecorded or not being deducted correctly

"It's quite a complex industry - if there's payments going through with cash or what else, it's easy to get lost or for things to happen intentionally, where it's hard to track the money."

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