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New Zealand’s “go hard, go early” strategy to combat Covid-19 attracted global praise and eliminated local transmission of the virus. But the country’s slow rollout of vaccines is putting people at unnecessary risk and threatens to delay its economic recovery, critics warned. Wellington plans to start vaccinating frontline workers in April and the general public from July under a cautious […]
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Recent moves by tech firms to acquire small Indonesian banks will add more colour to Asean’s financing landscape, but are unlikely to pose a material challenge to the biggest incumbent lenders in the near term, said Fitch Ratings. This comes as the tech firms are first likely to target underserved or niche segments of the market which traditional banks tend […]
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HONG KONG (Reuters) – New York-listed Best Inc, a Chinese logistics firm backed by e-commerce giant Alibaba Group Holding Ltd, is considering a sale as part of a strategic review, six people with knowledge of the matter said.FILE PHOTO: A BEST Inc logo is seen at one of the company’s Shanghai warehouses in Shanghai, China November 8, 2017. REUTERS/Brenda GohWith […]
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Property investor Ben Cook’s construction of a $40 million supermarket in New Zealand’s richest suburb has sparked strong debate, with critics saying they would far prefer apartments there instead. Yesterday, the Cook Property chief said work had begun demolishing The Gables pub on the Herne Bay site where a 1800sq/m metro-sized Countdown will be built. “Urgh, this was consented for […]
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Rio Tinto’s decision to extend the life of the Tiwai Point aluminium smelter to at least the end of 2024 is seen as a significant positive for New Zealand’s power generators, but some are expected to benefit more than others. The Anglo-Australian metals and mining giant last week said it had reached a deal with NZ Aluminium Smelters’ (NZAS) biggest […]
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As their fiscal woes become worse, some government officials are looking more closely at public-private partnerships as a way to jump-start their economies. By Miranda S. Spivack For state and local governments, the pandemic has brought financial gloom: Tax collections are down, public health expenses are up, and their infrastructure backlog is growing. Hope for swift relief from Congress was […]
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WASHINGTON (AP) — President-elect Joe Biden has chosen Rohit Chopra to be the director of the Consumer Financial Protection Bureau, tapping a progressive ally of Sen. Elizabeth Warren to helm the agency whose creation she championed. Chopra, now a commissioner at the Federal Trade Commission, helped launch the consumer agency after the 2008-09 financial crisis and served as deputy director, […]
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Landlords’ rights and obligations change in three weeks, after the former Labour-led coalition Government amended the law to give more security of tenure to tenants in the $180 billion sector. Some landlords are upset about the February 11 reform, threatening to sell, empty their rentals or screen new tenants more heavily in an attempt to protect themselves and their properties. […]
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SYDNEY (Reuters) – Asian share markets edged ahead on Tuesday as investors wagered China’s economic strength would help underpin growth in the region, even as pandemic lockdowns threatened to lengthen the road to recovery in the West.FILE PHOTO: Investors sit in front of a board showing stock information at a brokerage house on the first day of trade in China […]
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Graduation was fast approaching, but Yang Xiaomin, a 21-year-old college student in northeastern China, skipped her university’s job fair. Nor did she look for positions on her own. She didn’t think she had a chance of landing one. “Some jobs won’t even take résumés from people with bachelor’s degrees,” said Ms. Yang, who, along with a record 3.77 million of her […]
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