Covid 19 coronavirus: Auckland's second lockdown 'nail in the coffin' for some businesses

By RNZ Auckland businesses that struggled to attract customers while the City Rail Link was constructed nearby are now hanging their hopes customers will return when the city shifts to alert level 2 on Monday.They say the city's... Source: NZ Herald Business News

By | August 28th, 2020|Business|0 Comments

Andrew Little says length of NZX outages suggest infrastructure vulnerable

NZX should reflect on whether its IT infrastructure is robust enough, the minister in charge of New Zealand's security services says, as many companies have been able to cope with the sort of attacks that have crippled trading for... Source: NZ Herald Business News

By | August 28th, 2020|Business|0 Comments

Childcare owner 'holidayed overseas while tax debt mounted over $250,000'

A Hamilton childcare operator has been struck off the teaching register after taking overseas holidays while running up tax debts of more than $250,000.Virginia Jane Emma (Ginny) Pace was director and shareholder of Home Base Kids... Source: NZ Herald Business News

By | August 28th, 2020|Business|0 Comments

Revealed: Details of scam which cost Team NZ $2.8 million

Team New Zealand boss Grant Dalton knew millions of dollars lost to fraud was destined for a Hungarian bank account, unwittingly emailing a scammer that it "makes no difference to us where it's paid".Details of the scam which cost... Source: NZ Herald Business News

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Fortnite update breaks Chorus network records

A global update to popular online game Fortnite has triggered record traffic on the Chorus network, the company has announced.Traffic on the network reached a peak of 3.15Tbps last night - a time that coincided with the global release... Source: NZ Herald Business News

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Cannasouth first half loss widens, stock drops 37%

Medicinal Cannabis company Cannasouth's operating loss widened in the six months to June 30 but the company said its result was in line with its business plan.Waikato-based Cannasouth said its loss came to $1.45m, up from $821,175... Source: NZ Herald Business News

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Market Watch: Welcome to the new bull market

It's official, the bull market is back. "We recently eclipsed the old highs from February 2020 so we can officially say that we are in a bull market," says Pie Funds chief executive Mike Taylor.We'd only just finished the world's... Source: NZ Herald Business News

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Covid 19 coronavirus: Resurgence Wage Subsidy scheme pays out $33 million in first week

By Sarah Robson, of RNZ More than 30,000 jobs are being supported by the Government's new wage subsidy scheme.The Resurgence Wage Subsidy was announced after Auckland went back into level 3 lockdown and is available to businesses... Source: NZ Herald Business News

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Grant Robertson confirms GCSB helping NZX stock market amid cyber attacks

The four-day assault on the New Zealand Stock Exchange is seen as the country's worst ever cyber attack, sparking concern among investors and market participants about damage to the credibility of the market."It's certainly the... Source: NZ Herald Business News

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Election 2020: National would push Transpower to cut prices to Tiwai Point smelter

National has indicated it will push Transpower to strike a deal which would keep the Tiwai Point aluminium smelter open beyond next year.On Friday Opposition leader Judith Collins travelled to Invercargill to announce National's... Source: NZ Herald Business News

By | August 28th, 2020|Business|0 Comments