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Huawei NZ CEO’s solar-powered plan to return to profit

Henry Burrell
Mon, 19 Apr 2021

Yanek Fan said the next five years will be tough for Huawei in New Zealand.
Henry Burrell
Mon, 19 Apr 2021
Huawei New Zealand posted a loss of $712,424 in calendar 2020, a huge contrast from the comprehensive income of almost $4.9 million the prior year.That was largely due to annual revenue sliding 44% to $111.3m and was the first loss the NZ unit has recorded since 2010, although that was due largely to a $3.4m tax adjustment to meet new accounting standards. The NZ subsidiary has suffered along with other Western business units of the Chinese tech giant thanks to an ongoing US trade ban that saw its newer smartphones unable to run Google app...

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Public sector bargaining must be in good faith
Richard Wagstaff | Thu, 06 May 2021

Unions believe there should be scope to improve the wages of all public servants who have served NZ so well during covid-19 and beyond.

Budget 2021
BUDGET 2021: Tourism gets $200m to aid reset
Paul McBeth | Thu, 06 May 2021

Tourism Minister Stuart Nash says there will need to be some big changes in the sector, and for Milford Sound.

Fattening bank margins at odds with RBNZ's low rate policy
Jenny Ruth | Thu, 06 May 2021

Bank profits should fall when interest rates are falling but two of New Zealand's largest banks, ANZ Bank NZ and Westpac, are reporting improved profitability.

Partner Content
Productivity concerns and signs of stagflation

Inflation is to be expected in New Zealand, and whilst costs and prices rise, output capacity appears constrained, at least in the short-term; raising the possibility of stagflation.

What you do matters - keeping our crowded places safe

FIRST Security's Chief Operating Officer Steve Sullivan looks at how venue operators and event organisers can implement the new government strategy to protect staff and visitors from armed attacks.