Business

Spark takes $38m Covid hit, but operating earnings up

Spark says ongoing border closures cost it $38 million in lost roaming revenue in the 12 months to June 30, and it fell well short of its target in the key fixed-wireless market. But the telco still managed a 1 per cent rise in operating earnings to $1.12 billion – at the top-end of guidance. […]

Business

Stock Takes: Inflation is coming. What to look out for when prices rise

Inflation is coming. Results of this week’s NZIER Quarterly Survey of Business Opinion added to a growing list of leading indicators that have pointed to inflation picking up. “The increase in both costs and prices points to rising inflation pressures, which is underpinning expectations of interest rate increases from the Reserve Bank over the coming […]

World News

US Inauguration: Joe Biden takes Oath of Office to become 46th President

Joe Biden has been sworn in as the 46th President of the United States and has declared “a new day for America”. “Democracy has prevailed” he told the crowd after taking the Oath of Office. He identified key challenges for the new administration as “a once in a century virus which now stalks the country” […]

World News

Julian Alaphilippe takes emotional Stage 2 win at Tour de France

NICE, France — France’s fastest showman on two wheels is back making a splash at the Tour de France and once again wearing the iconic yellow jersey. Julian Alaphilippe, the rider who more than any other helped turn the 2019 edition into a thriller, again showered the Tour with his class and guile Sunday, poaching […]