Economy

Thousands lose more generous unemployment benefit

Andy Fyers
Fri, 11 Sep 2020

Generous government support for workers who lose their job due to covid-19 is beginning to roll off for the initial recipients, just as wage subsidies also taper to a finish.Data from Ministry of Social Development for the week ended Sept. 4 shows there are now 6,000 fewer people on the Covid-19 Income Relief Payment (CIRP) than the week before.The total number of people receiving the CIRP is now 18,608, down from 24,811. The number of people receiving the Job Seeker benefit increased by 1,702 in the week, in line with the increase the previous...

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Markets

MARKET CLOSE: Profit taking pulls shares down

Dan Brunskill | Mon, 21 Sep 2020

Profit taking pushed New Zealand’s benchmark stock index more than 500 points below its record as investors found few reasons to buy with a global recession in progress. The S&P/NZX 50 Index fell 94.42 points, or 0.8 percent, to 11,539.10. Within the index, 34 stocks fell, 11...

Infrastructure

Power market trading rules 'unsatisfactory' - review

Gavin Evans | Mon, 21 Sep 2020

Spot electricity market trading conduct rules are flawed, legal experts say.

Retail

Why Turners kicked vendor off car yards

Victoria Young | Mon, 21 Sep 2020

Former owner's behaviour "random and unhelpful," court told in Turner's car yard battle.

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