Nick Mowbray: Large, profitable companies have abused the spirit of the wage subsidy. It has to stop

Hundreds of millions of dollars in wage subsidies have been paid out to profitable companies and their shareholders. Nick Mowbray, Zuru co-founder and one of NZ’s most successful entrepreneurs, urges them to do the right thing and pay the money back. Last month, Summerset Group Holdings, an NZX50-listed company and one of the country’s largest … Read more

Unemployment is way up. So why is the sharemarket rising too?

The economy is facing its worst crisis in almost a century, with the prospect of hundreds of thousands of people imminently losing their jobs. So why is the sharemarket chugging away at its own recovery? Alex Braae speaks to some experts to get an explanation. How’s the economy doing? In normal times, the most regularly … Read more

The Bulletin: NZ faces future after extraordinary, historic day

Good morning and welcome to The Bulletin. In today’s edition: We’re going to level four by Wednesday night, Robertson massively expands economic package, and political parties put country above politics. As you might be able to imagine, there’s a bit of news to get through this morning. The effective shutdown of the country (which for clarity, … Read more