nzherald.co.nz - Business
NZ firms expect weak activity, more job cuts
Tue, 07 Jul 2020 10:45:52 +1200
New Zealand firms aren't expecting a pickup in economic activity anytime soon and many plan to further reduce staff."Firms have become even more cautious and have pared back on headcount and business investment," according to the...
Scott Technology sees lumpy recovery in global market
Tue, 07 Jul 2020 10:40:03 +1200
Scott Technology is seeing an uneven recovery in its global markets, with the Asia Pacific returning to normal more rapidly than in the US and Europe. Still, the robotics and automation firm expects its earnings in the 12 months...
Covid 19 coronavirus: Southern DHB to discuss Queenstown isolation facilities
Tue, 07 Jul 2020 09:50:43 +1200
By RNZ The Southern District Health Board is set to discuss the viability of Queenstown as a isolation town during a meeting this morning.Last week the Government announced it was looking at the resort town and Dunedin as potential...
Stranded Kiwis face up to three-week wait to get home
Tue, 07 Jul 2020 09:32:29 +1200
New Zealanders looking to return home may be out of luck, at least for the next three weeks.Air New Zealand has put a temporary hold on new bookings into NZ and is looking at aligning daily arrivals with capacity at managed isolation...
One million jobs become available as UK reopens
Tue, 07 Jul 2020 09:13:18 +1200
Almost one million jobs are available across the country as businesses reopen from the lockdown and need to take on more staff, according to recruiters.There are 990,000 jobs adverts, including 92,000 new postings in the past week,...
Spark Sport brings in UK company for domestic cricket coverage
Tue, 07 Jul 2020 08:33:09 +1200
Spark Sport says it has appointed UK company Whisper as its production partner for its domestic cricket contract, which covers the next six seasons. Read More Sky launching broadband, issuing cheap shares to raise $157m Sky...
Queen St forex broker Russell Maher jailed over $1.55m fraud
Mon, 06 Jul 2020 18:10:00 +1200
A foreign exchange broker who defrauded his clients of $1.55 million by using forged documents has been jailed.Russell Maher appeared today in the Auckland District Court and was sentenced by Judge Russell Collins to three years...
Covid 19 coronavirus: Transtasman bubble could 'turbocharge' travel tourism spend to $4b - report
Mon, 06 Jul 2020 16:56:20 +1200
A transtasman bubble could see a $4 billion "turbocharge" boost by the year's end, according to a report by Ernst & Young Australia. That scenario is based on the border opening as of today, and the "business as usual" Australian...
America's Cup case: Team NZ fights NZME in the High Court to contain 'scandalous allegations'
Mon, 06 Jul 2020 16:30:00 +1200
Team New Zealand is fighting to prevent the Herald from publishing details of a report by forensic accountants, which the yachting syndicate's lawyer claims contains "scandalous allegations".A legal battle this afternoon in the...
The Conversation: The market is not our master — only state-led business cooperation will drive real economic recovery
Mon, 06 Jul 2020 12:41:18 +1200
Like the coronavirus itself, joblessness can act as a pestilence on a society.People who would have otherwise gone to their local restaurant, hairdresser, café or bar, taken a holiday in Queenstown or Taupo, or chosen to buy New...
America's Cup case: MBIE enters legal fight between Team NZ, ACE and NZ Herald, Newstalk ZB
Mon, 06 Jul 2020 12:09:44 +1200
The government and Auckland Council have hired a Queen's Counsel to represent them in the stoush between Emirates Team New Zealand and NZ Herald publisher NZME.Michael Heron QC appeared briefly this morning at the High Court at...
EY Consumer Index: What the past three months means for retail and spending
Mon, 06 Jul 2020 12:00:00 +1200
Covid-19 may have made consumers more mindful of where they are spending their money but the initial draw towards shopping local may not last.Initial consumer sentiment reports found that consumers were feeling more connected to...
Transtasman bubble could open to some Australian states before others: Ardern
Mon, 06 Jul 2020 11:31:57 +1200
Plans for a transtasman bubble with Australia could be rolled out on a state rather than federal level. This is according to New Zealand Prime Minister Jacinda Ardern, who told Newstalk ZB the decision depends on the Australian...
Bosses scramble to fill jobs as visas set to expire en masse
Mon, 06 Jul 2020 11:17:05 +1200
By Nona Pelletier of RNZ Both big and small companies are scrambling to hang on to their workforces, with thousands of temporary resident visas set to expire - all at once.Anyone in the country with a work, student, visitor,...
Worker's hand stuck in the machine: Fresh Meats ordered to pay $293,000 in fines
Mon, 06 Jul 2020 11:01:49 +1200
A worker whose hand was nearly severed when it became caught in machinery at a Napier slaughterhouse will get $40,000 in reparation.Fresh Meats NZ Limited was ordered to pay a total of $293,000 in fines over the incident as it was...
Huawei faces UK 5G ban within months - report
Mon, 06 Jul 2020 10:00:59 +1200
UK Prime Minister Boris Johnson is poised to begin phasing out the use of Huawei technology in Britain's 5G network as soon as this year, in a major about-turn, The Telegraph can disclose. Read More GCSB boss Andrew Hampton...
Covid 19 coronavirus: Dunedin-made ventilator hood to be mass produced by SouthMED
Mon, 06 Jul 2020 09:21:41 +1200
A Dunedin-made ventilator hood that could be a major support for hospitals managing Covid-19 outbreaks is now being manufactured.Former Scott Tech chief executive Chris Hopkins has helped get a range of specialists together — engineers,...
'Fallen in love with the place': Architecture firm moves into the Havelock North building they designed
Mon, 06 Jul 2020 09:21:28 +1200
An award-winning Auckland-based architectural practice has opened a branch in Havelock North, in the very same building they designed.RTA Studio, who have been shortlisted in the World Architecture Festival 10 years in a row, have...
Judge cuts Deloitte liquidator's excessive fees
Mon, 06 Jul 2020 09:16:59 +1200
Deloitte liquidator David Levin has come under scrutiny for charging excessive fees in two liquidations.Associate Judge Roger Bell last month released two judgments reducing what he wanted for costs in the liquidation of Green Securities...
$1.27b Metlifecare takeover suddenly announced, Asia Pacific lowers offer from $1.49b
Mon, 06 Jul 2020 08:55:05 +1200
Asia Pacific Village Group's takeover of New Zealand's second-largest retirement village owner and operator is suddenly back on in an unexpected move, with the price only lowered by $1 a share reducing it from a $1.49 billion deal...

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