
Slump in expected business activity bodes ill for economy
Local firms are the gloomiest about their own businesses that they’ve been since the depths of the global financial crisis and economists don’t expect much, if any, growth in the first half of this year.ANZ economists published a flash reading of the bank's monthly business confi...

Wage subsidies, tax support on cards in covid-19 package
The government will next week unveil a suite of initiatives including wage subsidies and tax support for firms hit hard by the covid-19 outbreak. Cabinet today approved a package to support business continuity in the outbreak, with the details now being worked through, Finance Mi...

Nats pledge to rein in regulatory costs
The National Party has promised to clamp down on the cost of resource consents, health and safety law, and the anti-money laundering regime as it pitches itself as a stronger economic manager than the current government.Leader Simon Bridges today released the party’s plan to redu...

Air NZ drops earnings guidance as virus takes a bigger toll
Air New Zealand has dropped its guidance for annual earnings on expectations of an even bigger hit from global outbreak of covid-19.And chief executive Greg Foran has offered to cut his salary in a range of initiatives to shore up the airline’s operation.The national carrier said...