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Wage subsidy data reveals scale of tourism hurt

Andy Fyers
Wed, 01 Dec 2021

Wage subsidy data reveals scale of tourism hurt
Businesses with 'bungy' in their name had 44% fewer employees in August 2021 compared to March 2020. (Image: Deposit Photos)
Andy Fyers
Wed, 01 Dec 2021
As New Zealand entered its first covid-19 lockdown in March 2020, businesses scrambled to use the hastily arranged wage subsidy scheme as they feared an economic meltdown. Altogether they claimed $10.9 billion in the first 12-week iteration of the scheme – and that doesn't include the thousands of businesses that later repaid it.Fast forward to August 2021 and the start of a new outbreak, this one as a result of the more contagious delta variant.Having weathered the initial outbreak many times better than even the most optimistic...

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Vocus-2degrees merger makes sense – can they make it work?
Peter Griffin | Thu, 20 Jan 2022

The question isn’t whether 2degrees and Vocus should come together. It’s how will this newly merged player give us the third strong market player we’ve long needed.

Primary Sector
Fonterra wants new capital structure in place by June
Rebecca Howard | Thu, 20 Jan 2022

Talks are underway between the government and Fonterra to hammer out the final details of the capital structure reform. 

Markets market close
NZ shares routed as ANZ forecasts OCR to hit 3%
Dan Brunskill | Wed, 19 Jan 2022

Just seven of the top 50 stocks gained today as traders and economists predict central banks will have to make radical moves to slay the "inflation dragon". 

How to pick the perfect real estate investment now

Now is a good time to get on the property investment ladder - here is how to get there.

Green energy for green farms and green trucks

Ballance Agri-Nutrients and Hiringa Energy are preparing to make green hydrogen to power trucks and produce sustainable farm fertiliser.