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Emirates freezes flight bookings to NZ for next three weeks

Emirate Airways is the latest carrier to freeze inbound flight bookings for the next three weeks. A spokesperson from the airline today confirmed the move to Newstalk ZB. "In response to the New Zealand's government's directive... [Author: [email protected]]
Tags: Business, New Zealand, Nz, Emirate Airways, Newstalk ZB In


Elon Musk and other competitors rushed to support Rocket Lab after the startup's founder apologized for losing 7 satellites in a launch failure

Rocket Lab, a private spaceflight firm in New Zealand, failed to deliver seven satellites to orbit following a launch on Saturday. Company founder and CEO Peter Beck publicly apologized on Twitter to his customers for the loss of the space mission. Following his mea culpas, Beck and Rocket Lab saw a rush of support from SpaceX's Elon Musk and other spaceflight-industry figureheads. "Sorry to hear about this. Hope you get back to orbit soon. Rockets are hard," Musk tweeted in response to a vide...
Tags: Apple, Google, Spacex, Elon Musk, Youtube, Virginia, Beck, Trends, Nasa, Earth, New Zealand, United Launch Alliance, Musk, Reuters, Dan, Electron


Watch: Bird's-eye view of new rail station for City Rail Link

The Link Alliance has shown progress on the new Karangahape train station as part of New Zealand's biggest infrastructure project.Aerial footage of the new station for the $4.4 billion City Rail Link gives a view above Beresford... [Author: [email protected]]
Tags: Business, New Zealand, City Rail Link, Beresford, Karangahape


Dairy prices stage biggest jump since 2016 at GDT auction

Strong demand for New Zealand's single biggest export - whole milk powder (WMP) - drove prices sharply higher at this morning's Global Dairy Trade auction.The GDT price index jumped by 8.3 per cent - its biggest lift since November... [Author: [email protected]]
Tags: Business, New Zealand, Global Dairy Trade


Dairy prices spike by 8.3% at Global Dairy Trade auction

Dairy product prices leapt by 8.3 per cent at this morning's Global Dairy Trade auction, driven mostly by the price of New Zealand's single biggest export - whole milk powder (WMP).It was the fourth consecutive gain at the twice-monthly... [Author: [email protected]]
Tags: Business, New Zealand, Global Dairy Trade


Air NZ boss says blocking bookings 'exactly the right thing to do'

Air New Zealand boss Greg Foran is not ruling out getting compensation for agreeing not to accept any new international bookings for the next three weeks. The Government announced the move today as way to manage the number of people... [Author: [email protected]]
Tags: Business, New Zealand, Greg Foran


Local Focus: Lavish, expensive and local - Taupō honey is a sweet deal for several businesses

New Zealand's manuka honey has taken the world by storm. But Zealandia Honey in Taupō is taking honey to another level. Zealandia says the new ZH 2020 is the most potent honey in the world, and naturally it's expensive. But... [Author: [email protected]]
Tags: Business, New Zealand, Zealandia, Taup, Zealandia Honey


Local Focus: Lavish, expensive and local - Taupō honey is a sweet deal for several businesses project

New Zealand's manuka honey has taken the world by storm. But Zealandia Honey in Taupō is taking honey to another level. Zealandia says the new ZH 2020 is the most potent honey in the world, and naturally it's expensive. But... [Author: [email protected]]
Tags: Business, New Zealand, Zealandia, Taup, Zealandia Honey


Climate change: New Zealand seafood sector set for major disruptions - report

Snapper caught in Otago, tropical species making New Zealand home and mussels shrinking due to more acidic waters - these are all climate change impacts, and all happening now.But according to a new report, Climate-related risk... [Author: [email protected]]
Tags: Business, New Zealand, Otago


NZ firms expect weak activity, more job cuts

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... [Author: [email protected]]
Tags: Business, New Zealand, Nz


'I am incredibly sorry that we failed': Rocket Lab's 13th space mission didn't reach orbit on Saturday, losing 7 small satellites in the process

Rocket Lab, a private spaceflight company that launches smaller payloads from New Zealand, failed to deliver seven satellites to orbit on Saturday. The company's Electron rocket failed when its upper stage was more than 120 miles above Earth. Peter Beck, the CEO of Rocket Lab, publicly apologized for the loss of the vehicle and resolved to fly again soon. Visit Business Insider's homepage for more stories. Just minutes after successfully lifting off a launch pad in New Zealand on Saturday, o...
Tags: Spacex, Virginia, Beck, Trends, Nasa, Earth, New Zealand, Falcon Heavy, Falcon, Reuters, Auckland New Zealand, Electron, Rocket Lab, Gwynne Shotwell, Wallops Flight Facility, Peter Beck


America's Cup case: Team NZ fights NZME in the High Court to contain 'scandalous allegations'

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... [Author: [email protected]]
Tags: Business, America, New Zealand, Herald, NZME


Transtasman bubble could open to some Australian states before others: Ardern

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... [Author: [email protected]]
Tags: Business, Australia, New Zealand, Newstalk ZB, Jacinda Ardern


$1.27b Metlifecare takeover suddenly announced, Asia Pacific lowers offer from $1.49b

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... [Author: [email protected]]
Tags: Business, Asia Pacific, New Zealand, Asia Pacific Village Group


Kiwi scammed out of $30,000 in similar method to Team New Zealand

A Kiwi who was scammed out of $30,000 in a similar way to Team New Zealand says a lot of time and effort goes into creating the scams.Rodney Keenan, of Evolution Sails, said his business lost 50 per cent of its income for the year... [Author: [email protected]]
Tags: Business, New Zealand, Kiwi, Team New Zealand, Rodney Keenan


Trump's highest-profile New Zealand backer walks away

President Trump's most prominent Silicon Valley supporter, billionaire Peter Thiel, has told friends and associates that he plans to sit out this year's presidential campaign because he thinks re-election is increasingly a long shot,... [Author: [email protected]]
Tags: Business, New Zealand, Peter Thiel, Silicon Valley, Trump


Discharged without conviction: Judge clears Pie Face NZ franchise owners of tax evasion

Selling pies to Kiwis — what could go wrong?Quite a lot, it turns out.In 2013, Otago businessmen Julian Field and Jared Palmer took on the New Zealand licence for Australian franchise Pie Face, with big plans.The duo hoped to... [Author: [email protected]]
Tags: Business, New Zealand, Nz, Kiwis, Julian Field, Jared Palmer


Queenstown: a tourist town with no tourists, fights despair among stranded workers

Droves of travellers drawn to the southern alps resort to work in restaurants and hotels face hardship amid Covid-19 border closuresCoronavirus – latest updatesSee all our coronavirus coverageTwo months after the end of lockdown and the resort hub of Queenstown is slowly showing signs of life. It’s lunchtime at the mall and while many shops and restaurants remain closed, some have begun to trade again, catering to locals and a trickle of domestic travellers.Those braving the winter cold at outdo...
Tags: Travel, Business, Science, World news, Asia Pacific, Infectious Diseases, New Zealand, Queenstown, Gundogan, Coronavirus outbreak, Luan Passarin, Duygu Gundogan


Worker shortages could raise food prices

A looming labour shortage on the back of covid-19 worker limitations could see New Zealand crops of strawberries and asparagus left unpicked this season, meaning higher prices come summer.Strawberry Growers New Zealand said its... [Author: [email protected]]
Tags: Business, New Zealand, Strawberry Growers New Zealand


San Francisco now has the 3rd-most billionaires of any city in the world, beating out London, Moscow, and Beijing

San Francisco is now the third city in the world with the most billionaires, per a new Wealth-X report. The tech hub gained two billionaires in 2019, bringing its total billionaire count to 77. San Francisco beat out cities including London, Moscow, and Beijing. New York is No. 1, with 113 billionaires. Visit Business Insider's homepage for more stories. San Francisco's pool of billionaires has ballooned just a bit more in the past year, according to a new report. The Wealth-X Billionaire Cen...
Tags: Amazon, Hong Kong, Elon Musk, New York, US, Los Angeles, San Francisco, Trends, Tech, Tesla, Beijing, New Zealand, Silicon Valley, Jeff Bezos, Jack Dorsey, Kiwi


New Zealand Injects $48 Million for Screen Industry Recovery

The New Zealand government is to inject $48 million (NZ$74.4 million) of cash to help the film and TV industries recover from the economic effects of the coronavirus and the country’s strict lockdown measures. The financial package was announced Wednesday by Minister for Arts, Culture and Heritage, Carmel Sepuloni. Fully $32.3 million (NZ$50 million) of […]
Tags: Asia, News, Finance, Global, New Zealand, Coronavirus, Heritage Carmel Sepuloni Fully


Team New Zealand banked $1.5m from government wage subsidy

Embattled Emirates Team New Zealand, the subject of complaints of financial mismanagement which are now being probed by government investigators, also claimed nearly $1.5 million under the wage subsidy scheme.According to the register... [Author: [email protected]]
Tags: Business, New Zealand


Covid-19 coronavirus: Air New Zealand halts flights to Melbourne for two weeks

Air New Zealand has been forced to cancel flights to Melbourne for two weeks as the Australian Government fights the spread of Covid-19 within the local community.The airline received a directive late last night that no international... [Author: [email protected]]
Tags: Business, New Zealand, Melbourne, Air New Zealand


Fisher & Paykel Healthcare on hiring spree

Not only is Fisher & Paykel Healthcare now the biggest company on New Zealand stock market but it is one of the few that is hiring.Since January, F&P Healthcare has hired some 600 additional direct manufacturing staff locally, and... [Author: [email protected]]
Tags: Business, Healthcare, New Zealand, Fisher, Fisher Paykel Healthcare, Paykel Healthcare


Jetstar returns to NZ skies, 2000 Kiwis boarding flights today

Competition is back in Kiwi skies with the return of budget airline Jetstar. After three quiet months, the airline again started carrying passengers in New Zealand today. There's been high demand for the airline's flights... [Author: [email protected]]
Tags: Business, New Zealand, Nz, Kiwi, Jetstar


What if your boss acted like this?

Hello, everyone! Welcome to the new edition of Insider Today. Please sign up here. QUOTE OF THE DAY "There was no sense of 'Team America' in the conversations...It was like the United States had disappeared. It was always 'Just me'." — an anonymous Trump administration official, describing Trump's phone calls with foreign leaders, according to a CNN report. WHAT'S HAPPENING The European Union officially banned US visitors. American citizens are barred until the US controls its COVID-19 o...
Tags: Facebook, Twitter, Hong Kong, Putin, White House, China, US, America, Trends, Bank Of America, European Union, Cnn, United States, Taliban, New York Times, Hugh Jackman


Agribusiness Report: Fenwick Forum leaders propose agri industry transition

New Zealand's agribusiness sector has exciting opportunities if initiatives such as a national food strategy, regenerative land use and new ocean-based sunrise industries can get momentum.The Aotearoa Circle's Fenwick Forum, a virtual... [Author: [email protected]]
Tags: Business, New Zealand, Fenwick, Fenwick Forum


SoftBank-backed companies laid off more than 16,800 people in 2020 as the pandemic ravages startups

SoftBank-backed companies are laying off thousands of employees globally as they struggle to find paths to profitability. In the first full week of 2020, four companies – Oyo, Rappi, Getaround, and Zume – laid off a combined 2,600 employees.  In the last year, other SoftBank-backed companies including WeWork, Uber, Wag, and Fair have also cut their ranks dramatically.  SoftBank also saw significant executive turnover in the beginning of the year. If you work at a SoftBank-backed company, Busin...
Tags: Asia, Hong Kong, Japan, UK, New York, London, Australia, La, China, Ipo, India, Softbank, Israel, US, America, Los Angeles


Grant Robertston: Don't expect return of students in 2020

New Zealand is unlikely to see the return of foreign students, Finance Minister Grant Robertson said this morning. Interviewed for Bloomberg's Inside Track webinar, Robertson said it would take some time for New Zealand to establish... [Author: [email protected]]
Tags: Business, Bloomberg, New Zealand, Don, Robertson, Grant Robertson, Grant Robertston


Grant Robertson: Don't expect return of foreign students in 2020

New Zealand is unlikely to see the return of foreign students any time soon, Finance Minister Grant Robertson said this morning. Interviewed for Bloomberg's Inside Track webinar, Robertson said it would take some time for New Zealand... [Author: [email protected]]
Tags: Business, Bloomberg, New Zealand, Don, Robertson, Grant Robertson



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