Coronavirus

Business-related coverage of the coronavirus outbreak and how it affects New Zealand.
Govt to spend $6m a week beefing up air freight capacity
Policy

Govt to spend $6m a week beefing up air freight capacity

The government will spend about $6 million a week to help boost air freight capacity coming into and out of the country. Transport Minister Phil Twyford today announced the scheme to help underwrite cargo capacity on key air routes. That funding then enables carriers to negoti...

Paul McBeth 02 May 2020
Vista and ScreenPlus offer cinemas a streaming service
Listed Companies

Vista and ScreenPlus offer cinemas a streaming service

Vista Group International continues to shrug off forecasts that the cinema industry is doomed but it has started offering exhibitors their own streaming services to tide them over while theatres around the world stay shut as the coronavirus crisis rages.The Auckland-based company...

Jenny Ruth 02 May 2020
Govt throws kitchen sink at struggling SMEs: new loan guarantee scheme detail
Economy

Govt throws kitchen sink at struggling SMEs: new loan guarantee scheme detail

Deep concerns about the economic pain among SMEs will see onerous aspects of the government's bank finance support scheme removed and its scope extended.

Pattrick Smellie 01 May 2020
NZ job-seeker support numbers rise; confidence 'falls off cliff'
Economy

NZ job-seeker support numbers rise; confidence 'falls off cliff'

It is hardly surprising people have no plans to buy major household items anytime soon as droves continue to turn to job-seeker support. The number of jobseeker recipients has jumped by more than 35,000 since March 20, a few days before the country went into lockdown, the Trea...

Rebecca Howard 01 May 2020