Latest jobless numbers offer brief respite

Andy Fyers
Fri, 31 Jul 2020

Andy Fyers
Fri, 31 Jul 2020
Further signs that a second wave of unemployment is subsiding, with 1,400 new people signing on for the Covid-19 Income Relief Payment in the week ended July 24.In normal times that number that would be cause for concern, but compared to late-June and early-July when an average of 4,000 signed on each week, it's positive news. The recent increase coincided with the end of wage subsidy support for many workers.It is the third consecutive week the number of new unemployed has fallen. It even appears to have taken the government by surprise wi...
Markets
MARKET OPEN: Kiwi holds its own as greenback falters, US equities push higher
Rebecca Howard | Thu, 06 Aug 2020

The kiwi dollar continues to hold its own as the greenback is weighed down by poor US data while the domestic share market may take cheer from a lift on Wall Street after positive earnings reports. ...

Listed Companies
Billion dollar hotel developments on backburner until better times
Brent Melville | Thu, 06 Aug 2020

Plans for at least 25 major hotel developments, valued at $2 billion, are gathering dust pending decisions on when, or if, construction will commence in the wake of border closures. The two dozen o...

Listed Companies
Pacific Edge seeks US$40m backpay from US administrator
Brent Melville | Thu, 06 Aug 2020

Pacific Edge is chasing 22,000 outstanding invoices dating back to 2015 as it seeks up to US$40 million in backpay from US medical aid administrator Novitas. The retrospective claim follows last mo...

Partner content
Don’t fear the robots. How software can help your business succeed

New Zealand businesses are on the road to recovery from the economic impact of the Covid-19 crisis but they, like corporates around the world, are having to change their operational practices.