Financial Markets: NZX 50 edged up 0.6% to 13,621.66, its best quarter since Dec 2024, helped by AI-infrastructure demand lifting Infratil and gains in exporters and Mercury, while Air New Zealand also rose on a profitability-focused strategy reset. Airlines & Regulation: Air New Zealand flagged a cost and capex discipline push as it works through engine and oil-price pressures. From 1 July, consumer credit oversight shifts from the Commerce Commission to the Financial Markets Authority, with the FMA also signalling a thematic review of AI use in advice. Deal Watch: The Commerce Commission cleared Mohawk Industries’ acquisition of Bremworth, while Fisher Funds appointed BNZ executive Adam Ward as chief client officer. Energy & Climate: Eku Energy secured its first Germany battery energy storage system project, and Orthocell expanded its Remplir humanitarian shipments in Ukraine. Tech & Payments: Christchurch Airport and RealNZ signed MoUs to expand Weixin Pay acceptance for Chinese mainland visitors, while Qashier raised US$6.125m to scale its merchant payments platform. Business & Tourism: Michelin’s first Oceania guide put NZ dining in the spotlight, with Essence earning two stars and 14 restaurants one star. Local Economy: Horizons Regional Council approved a 5.9% average rates increase for 2026/27. Trade & Geopolitics: Vanuatu signed the Nakamal Agreement with Australia, and NZ boosted funding for Pacific fisheries via the FFA. Consumer & Safety: MBIE says it has received 15 complaints about “dumpling squishy-style” toys and is pushing retailers toward recalls if unsafe.