Business

Inflation is popping from Sydney to San Francisco. It may be a good sign

Inflation has surged across advanced economies. The shared experience underlines that price gains come from temporary drivers — for now. Price gains are shooting higher across many advanced economies as consumer demand, shortages and other pandemic-related factors combine to fuel a burst of inflation. The spike has become a source of annoyance among consumers and […]

Business

Budget 2021: From 19.1% to 0.9% – could house price growth collapse by that much?

While Budget 2021 allocated an extra $380 million for 1000 new homes for Māori, its bombshell was a projected massive drop to nearly zero in national house price growth. Housing Minister Megan Woods said 1000 papakāinga housing, affordable rentals, transitional housing and owner-occupied housing were planned. But Finance Minister Grant Robertson announced bigger news: the […]

Politics

Queen’s Speech: From house building to voter ID – what’s in the Boris Johnson’s legislative agenda

The government has set out its legislative agenda for the new parliamentary session in the Queen’s Speech today. Its usual pomp and ceremony was scaled back drastically due to the COVID-19 restrictions that remain in place. It is also the Queen‘s first major public ceremonial duty since the death of her husband, the Duke of […]

World News

Debris from Chinese rocket could collide with Earth near New Zealand – European Space Agency

Debris from a huge Chinese rocket could re-enter Earth’s atmosphere close to New Zealand. The European Space Agency has confirmed China’s Long March 5B rocket – which was launched into the skies with much fanfare a mere week ago – has dropped into low Earth orbit. US space research organisation the Aerospace Corporation has forecast […]

World News

Micro shuttle service from Denver to mountains coming 2021 — The Know

Hourly transit service from Denver to Summit County and Vail in 14-passenger shuttles is expected to become a reality by the end of the year, following approval last week by the Colorado Transportation Commission which oversees the Colorado Department of Transportation. The plan is to have the shuttles operate Fridays, Saturdays, Sundays and holidays during […]

Business

Crane numbers drop 8 per cent from 2019 record but 136 giants still dominate skyline: RLB

New Zealand high-rise long-term tower, fixed and crawler crane numbers fell 8 per cent from last year’s record because of closed borders and falling demand for new hotels, according to a study out today. Quantity surveyors and cost consultants Rider Levett Bucknall said 136 construction cranes were up working on sites in this year’s first […]

Business

From 750,000 ticket sales to $1m liabilities: The demise of Auckland’s Pop-up Globe

“A victim of Covid-19’s wrecking ball,” is how two men involved in a theatre business with an estimated $1 million liabilities but only $350,000 of assets have described their demise. Miles Gregory and Tobias Grant of the Pop-up Globe said the pandemic killed their theatrical venture, built from scaffolding and most recently in the Auckland […]

Business

Who wants $1m from Shakespearean playhouse The Pop-Up Globe: liquidators’ first report

Failed Shakespearean Auckland theatre business The Pop-Up Globe owes more than $1 million to creditors whose names have now been published in the first liquidators’ report. The business has for about six years been erecting a full-scale temporary replica of the Shakespearean Globe Theatre and staging plays but it went under on March 3. ANZ, […]

World News

Environmental attorney from Denver to lead Bureau of Land Management – The Denver Post

GRAND JUNCTION — The Bureau of Land Management announced that an attorney who previously worked on agency issues for environmental groups will serve as the new deputy director. The U.S. Department of the Interior said Nada Culver, who was appointed to the Denver position, will effectively run the agency for the short term, replacing former […]

Business

Luxury cars repossessed from high roller over unpaid debts

An Auckland businessman who gained notoriety after his $400,000 Lamborghini was towed because he misused a disabled parking spot has had the luxury car repossessed and sold over unpaid debts. Gerard Peters, 30,target=”_blank”>hit headlines in 2015 after his $400,000 Lamborghini was photographed in a disabled parking spot at West Auckland shopping complex LynnMall. While Peters […]