Economy
Explore the latest economy news by BusinessDesk
Services
Facebook ad costs plummet as virus kills marketing spend
Advertisers across the industry are seeing revenue disappear as the level-4 alert virus shutdown closes most business and unravels the consumer economy.Bauer Media this week closed its New Zealand magazine publishing business, saying the company didn’t expect advertising levels t...
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Services
Virgin Australia shutting NZ bases, 550 jobs gone
Virgin Australia Airlines is closing its New Zealand bases permanently and around 550 flight and cabin crew have lost their jobs, Virgin Australia's chief operations officer Stuart Aggs confirmed. The E tu union said they are “hugely disappointed” in the decision, which will end...
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Coronavirus
An end game to covid-19 - John Key
The difference between the current pandemic and the 2008 global financial crisis was that there is an “end game” for covid-19 in the form of a vaccine, former Prime Minister John Key said.While there was no doubt that the covid-19 response would hurt global economic growth in the...
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Property
Some landlords losing an average of $1000 a week
Losses made by residential landlords whose tenants had reneged on rent amounted to an average of $1,059 last week, the NZ Property Investors' Federation said today. The property federation, which represents about 7,000 residential property owners and managers across the country,...
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Pattrick Smellie
Founding Editor
Pattrick was judged New Zealand's best overall columnist and business columnist of the year at the Voyager 2021 Media Awards. He has more than 35 years’ experience reporting and working in New Zealand politics and the commercial sector. A former Press Gallery chairman, he is an award-winning journalist and has worked for titles including The Dominion, The Press, Sunday Star-Times and National Business Review. He was the first NZ correspondent for The Australian and co-founded BusinessDesk in 2008.
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