Business

[ad_1] Tesla founder Elon Musk removed $ 14 billion from the automaker’s value after tweeting that its share price was too high. Photo: AFP The tweet also removed $ 3b from Musk’s stake in Tesla, as investors quickly left the company. “Tesla’s stock price is too high,” he said, in …

[ad_1] The government is spending an average of $ 6 million a week to subsidize airlines to keep air cargo moving during the coronavirus pandemic. The Government is also looking for opportunities to use cargo flights to repatriate kiwis trapped abroad due to the collapse of international air links around …

[ad_1] The New Zealand Parliament is famous for being able to pass laws quickly in a crisis. But Thursday could have moved too fast, after a mistake meant that the wrong legislation was introduced in Parliament and then passed in a matter of hours, and a billionaire loan scheme was …

[ad_1] With weakening deposit rules and falling property prices, real estate agents say the coronavirus crisis could help bring home ownership to more New Zealanders. However, the great help that the crisis presents depends on how many young owners come out of the crisis with a job and money in …

[ad_1] THINGS Fletcher Construction restarted work at the SkyCity New Zealand International Convention Center (NZICC) which was damaged by a three-day fire that accidentally ignited last year. Construction work on the SkyCity Convention Center resumed on Level 3, but casinos, hotels, and the Sky Tower will remain closed until Level …

[ad_1] Fiji’s economy is expected to contract more sharply than -4.3% Hopes for recovery in 2021 The Fiji Reserve Bank has stated that the Fijian economy is expected to contract more sharply than the previously estimated -4.3% in 2020, reflecting the significant decline in tourism activity and its side effects …

[ad_1] The Government is changing the rules around its Commercial Financing Guarantee Plan so that more companies qualify for bank loans underwritten by taxpayers. Early Friday morning quietly announced two significant changes to the scheme, through which taxpayers subscribe 80% of bank loans to eligible companies. Agricultural companies, which were …

[ad_1] ROBERT KITCHIN / MATERIAL The McDonald’s Basin Reserve was making a stable exchange on Tuesday morning. An Auckland fish and chip shop has helped smooth out an epic McDonald’s burger. Tereza Luzki’s 15-year-old son was stunned when his McChicken burger, ordered through UberEats, was delivered without any fillers this …

[ad_1] A power company says it has delayed a price increase that was planned to take effect during the shutdown, but does not appear to have told customers. Photo: 123RF RNZ has seen a letter Nova sent to customers in mid-March stating that gas prices would rise 1.5 cents per …

[ad_1] Jobs are on the line at NZ Steel’s Waiuku plant (file photo) Some 60 workers at a steel plant may be facing an unknown future as a steel plant restructures its Waiuku business. NZ Steel’s pipe and hole plant has told workers they are carrying out a restructuring that …