Coronavirus
Business-related coverage of the coronavirus outbreak and how it affects New Zealand.
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First home share of new loans jumps to record 20%
First home buyers committed to $1.1 billion in home loans last month, which at a fifth of all new mortgages was their highest share of new loans since the Reserve Bank started keeping track in 2013.That is up from 18.5 percent in May and 17 percent last June, on the back of rock...
Coronavirus
No international students this year, they can return when it’s safe – Hipkins
International education providers shouldn’t expect to get any foreign students for the rest of the year, according to Education Minister Chris Hipkins. The government today released a long-term plan to help stabilise New Zealand’s international education sector, including $51....
Coronavirus
Recruitment campaign won't turn 'flight attendants into dairy workers'
Pivoting unemployed New Zealanders into the agriculture and primary sector won’t turn former Air New Zealand flight attendants into dairy workers or remove the need for specialist skills across the processing sector, according to a change consultant. The comments come as the M...
Coronavirus
Govt eyes new $4b hydro-power project
The government will spend $30 million to investigate a potential $4 billion hydro scheme in Central Otago to reduce the need for coal and gas-fired generation in dry years and create jobs in the wake of the covid-19 pandemic. Energy and Resources Minister Megan Woods said the...
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