Telco fight breaks out over covid-19 'wall of bad debt'
Monopoly telecommunications infrastructure provider Chorus is coming under intense pressure from retailers Spark, Vodafone, 2degrees and others to shoulder more of the unpaid bills that the sector sees coming at it in coming months.BusinessDesk has been told of heated scenes at a...
Wage subsidies cost guesstimate blows out from $5b to $12b
The government's 12 week wage subsidy scheme for all employers, including the self-employed, is proving so wildly popular that Finance Minister Grant Robertson says its total cost is now likely to be between $8 billion and $12 billion.When first announced on Tuesday last week, it...
Landlords and home owners eligible for mortgage holiday
First details of the trading banks' mortgage repayment holiday and government-backed emergency business lending package are emerging, with some banks confirming they will make mortgage repayment holidays available to both home owners and landlords who own rental properties.Only W...
Covid-19 total will reach 'several thousand' before abating: Ardern
The total number of covid-19 cases will climb into the thousands in the next couple of weeks as the country heads into a four-week lockdown from just before midnight tonight, Prime Minister Jacinda Ardern said."This will get worse before it gets better," she told a limited sittin...
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