Auckland property market breaks December record, more to come in 2021

The Auckland property market ended the year with the strongest December sales numbers and prices on record. Sales were more than double those recorded on average for the month over the past five years. "In December we sold 1479... Source: NZ Herald Business News

By | January 5th, 2021|Business|0 Comments

Another One Leaves the Crust: Rocket Lab readies for first launch of 2021

Hawke's Bay residents and those even further afield could once again be treated to a spectacular night sky display as Rocket Lab's prepares for its first launch for 2021.The mission, named Another One Leaves the Crust, is scheduled... Source: NZ Herald Business News

By | January 5th, 2021|Business|0 Comments

Christchurch liquor baron Harjit Singh fined for exploiting migrant workers

The owner of numerous liquor stores in Canterbury has been fined thousands of dollars for employment law breaches, including failing to pay minimum wage to staff.Harjit Singh and his business, Nekita Enterprises Limited, have been... Source: NZ Herald Business News

By | January 5th, 2021|Business|0 Comments

World Bank sees subdued recovery in 2021 and plenty of risk

The global economy will experience a subdued recovery this year from the devastating pandemic, the World Bank predicted Tuesday, but it warned that the near-term outlook is highly uncertain and growth could be imperilled if coronavirus... Source: NZ Herald Business News

By | January 5th, 2021|Business|0 Comments

Back-to-work blues? How to turn 12 days' leave into 38 days off

Returning to the recycled air-conditioned air of the office is guaranteed to make you daydream about your next holiday.The trick is not to let your drained leave balance dampen the optimism of those dreams. With some deft strategic... Source: NZ Herald Business News

By | January 5th, 2021|Business|0 Comments

Primary exports saved our bacon in 2020 but revenue outlook dims: MPI report

The Government forecast for primary export revenue for the year ending June has been downgraded by more than $1 billion due to a stronger Kiwi dollar and likely weaker meat, wool and dairy prices.The Ministry for Primary Industries'... Source: NZ Herald Business News

By | January 5th, 2021|Business|0 Comments

Statutory Holidays: What you need to know about getting paid

OPINION: By Ashleigh Fechney I have received countless questions from people asking what they are entitled to over the recent Christmas and New Year break. Considering the Holidays Act 2003 has been around for over 17 years,... Source: NZ Herald Business News

By | January 4th, 2021|Business|0 Comments

Global stocks fall as trading starts for year of great expectations

US stocks pulled back from their recent record highs Monday, as big swings return to Wall Street at the onset of a year where the dominant expectation is for a powerful economic rebound to sweep the world.The S&P 500, which ended... Source: NZ Herald Business News

By | January 4th, 2021|Business|0 Comments

Google workers form new labour union

A group of Google engineers and other workers announced Monday they have formed a union, creating a rare foothold for the labour movement in the tech industry.About 225 employees at Google and its parent company Alphabet are the... Source: NZ Herald Business News

By | January 4th, 2021|Business|0 Comments

Bitcoin slides 10 per cent, erasing $125 billion in value

Bitcoin has fallen more than 10pc this morning after a record-breaking weekend where its value broke US$34,000 (NZ$47,000) for the first time.The Monday morning slump in Bitcoin's valuation has wiped around US$90bn (NZ$125 billion)... Source: NZ Herald Business News

By | January 4th, 2021|Business|0 Comments