You’ve heard of Black Friday, you’ve heard of Cyber Monday, but have you ever heard of mega shopping bonanza Singles’ Day? If not, here’s what you need to know about Double 11. What is Singles’ Day? Singles’ Day is a shopping holiday that’s held every year on November 11. It first started in China as … Read more
Welcome to The Bulletin. In today’s edition: Death toll from Whakaari eruption likely to rise, cabinet agrees Auckland port must move, and expensive Christchurch stadium details released. UPDATE – 7.07am: More information on the number of people on the island at the time of the eruption has been released. 47 people were there at the … Read more
You’ve heard of Black Friday, you’ve heard of Cyber Monday, but have you ever heard of mega shopping bonanza Singles’ Day? If not, here’s what you need to know about Double 11. What is Singles’ Day? Singles’ Day is a shopping holiday that’s held every year on November 11. It first started in China as … Read more
Taking a longer-term view of developments in the China market would help everyone’s stress levels, writes Stephen Jacobi.* These are tense times for trade. The ongoing US-China trade war makes everyone (even me) nervous. So when news broke that the Chinese government wished to see 60% of the infant formula market controlled by Chinese companies within … Read more
Good morning, and welcome to The Bulletin. Eid Mubarak to all. In today’s edition: Digital services tax takes shape, Corrections makes unexpected money out of prison canteens, and infant formula industry takes hit on China moves. We’re getting a much better idea of what the digital services tax is going to look like, after the release … Read more
Imagine you didn’t get paid for a month or two for your work. Big businesses have used this tactic to keep cash in the bank – but how long do our corporates take to pay? Rebecca Stevenson investigates. This post was originally published 17 February 2018 In New Zealand, they account for 97% of businesses. … Read more
Good morning, and welcome to The Bulletin. In today’s edition: Stories show complex costs of climate action, Simon Bridges attacks Housing NZ evictees, and Auckland wharfies are raising safety concerns. A range of stories have come out in the past few days and weeks that illustrate how complex the economic costs of fighting climate change … Read more
We sell great mass-produced milk products – the best, even. But it’s sumptuous leathergoods, made from farmed deer nappa specifically, that’s getting a new generation of made in New Zealand brands into the hands of Chinese consumers. When The Spinoff’s Jihee Jun visited Alibaba in Hangzhou, she discovered that our biggest sellers on ‘the Chinese Amazon’ were … Read more
Tax Heroes: We take a closer look at how much tax our 50 biggest companies paid in 2017. “Tax is love”: Read Duncan Greive’s introduction to our new Tax Heroes series here. Do our biggest businesses pay their fair share? This was the question confronting Auckland accounting professors Jilnaught Wong and Norman Wong. So they … Read more
A2 Milk Co briefly burst through a landmark this week, reaching a market capitalisation of $10 billion on news of its deal with Fonterra. Here are ten numbers which encapsulate the milk brand’s inexorable rise. $14.62 A2’s shares rocketed up to over $14 this week (but fell back a little to settle just under $13) … Read more
Imagine you didn’t get paid for a month or two for your work. Big businesses have used this tactic to keep cash in the bank – but how long do our corporates take to pay? Rebecca Stevenson investigates. In New Zealand, they account for 97% of businesses. In Australia, 97%. In the UK, 96%. Small … Read more