News in Brief
News in Brief
Emergency support for racing industry
Minister for Racing Winston Peters has announced a $72.5 million-dollar covid-19 emergency support package for the racing industry. “The racing industry has been hit by the perfect storm of covid-19 while in a weak financial state and in the midst of a reform programme,” Peters s...
Glimmer of light in ANZ business outlook
Business confidence – while still dire - showed some signs of dusting itself off according to ANZ Bank’s preliminary read for May.“As New Zealand emerges from a highly successful lockdown there’s a glimmer of light, but it’s at the end of a very long tunnel,” said ANZ Bank chief...
Retail
Spending halves during lockdown
Total retail sales fell $2.6 billion, or 47 percent, in April after adjusting for seasonal effects, Stats NZ said. That was the largest fall in both dollar terms and percentage change since the series began in 2002. “The $2.6 billion drop is the equivalent of each person in the c...
Supplies! 11th hour deal salvages office jobs
National Express Products, an essential business under covid-19 restrictions, has acquired the business of NZ Office Supplies after the company had gone into voluntary administration on Tuesday.NXP chief executive Joe Taylor said all the office supply company’s 34 staff - throug...
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