Economy
Explore the latest economy news by BusinessDesk
Markets
MARKET OPEN: Markets gain as focus firmly on economic recovery
Signs of economic recovery may once again whet investor appetite as Wall Street continues to rally despite social unrest in the US. Tensions continued to escalate between US law enforcement and crowds protesting the killing of George Floyd, the 46-year-old African American who...
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Coronavirus
Southern Cross Travel to shed 45 jobs
Southern Cross Travel Insurance plans to cut half of its remaining workforce in the wake of limited travel under covid-19 restrictions, although the rest of the group remains unscathed. The company has proposed shedding 45 of its 92 staff as part of a wider action that will af...
Property
Five-month virus extension for Healthy Homes compliance
The government has given landlords another five months to get their houses in order, a move welcomed by home owners who are facing a looming July 1 deadline to adhere to the new Healthy Homes Standard.Associate Housing Minister Kris Faafoi today announced the extension to Dec. 1,...
Finance
NZ life, mortgage insurers likely to weather pandemic better than Australia
New Zealand life and mortgage insurers are likely to fare better than their Australian counterparts next year as income protection claims bite across the Tasman. Global ratings agency Standard and Poor’s has put the life and mortgage insurance sectors in Australia onto a 'nega...
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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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