Business
Primary Sector
Livestock farm profits face 20% hit this season
Livestock farmers will see inflation-adjusted pre-tax farm profits drop by a fifth this year, down an average $25,800 at $104,400 for the season to the end of June. The grimmer outlook from Beef+Lamb New Zealand reflects the impact of drought and the outbreak of the covid-19 h...
Law & Regulation
Free
Why directors must ignore their instincts in the time of covid-19
Former judge and insolvency expert Paul Heath, QC, says company directors must take a counter-intuitive approach to business due to covid-19. He has implored the government to advocate that businesses not rush to collect cash from distressed businesses but take a collaborati...
Primary Sector
'Obscene' urgency on forestry bill will cost jobs, MPs told
The government’s “rough and rushed” legislation to try to manage log flows from the country’s forests would cost jobs and slow the recovery of the economy post-covid, MPs were told today. Parties had just one week to submit on legislation – being managed under Budget urgency –...
Economy
MediaWorks cuts 130 jobs in 'fight for survival'
TV3 and Magic Radio broadcaster MediaWorks is cutting around 130 jobs and extending pay cuts for four months to help offset a revenue shortfall caused by the national lockdown in response to the covid-19 virus. In an email to staff this morning, chief executive Michael Anderso...
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