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WELLINGTON: New Zealand has projected faster economic growth and smaller deficits in its annual budget, allowing prime minister Jacinda Ardern to boost efforts to tackle inequality even as the government keeps a lid on debt.
DESPITE imposing one of the world’s longest and strictest lockdowns, coronavirus cases in the Philippines have now surged past 230,000, with Indonesia eclipsed as the region’s biggest outbreak.
US commercial real estate prices are falling as the economic toll of the Covid-19 pandemic worsens – and the decline is just getting started.
SYDNEY: Air New Zealand Ltd plans to draw on a NZ$900mil (US$596.34mil) government loan within days to help it weather the coronavirus pandemic after reporting its first annual loss in almost two decades.
SYDNEY: Air New Zealand Ltd plans to draw on a NZ$900 million ($596.34 million) government loan within days to help it weather the coronavirus pandemic after on Thursday reporting its first annual loss in almost two decades.
NEW YORK: Asian stocks were set to climb on Tuesday as confidence in an economic recovery pushed the Nasdaq benchmark to a record high, although doubts about crude supply cuts were likely to keep oil prices under pressure.
SINGAPORE: Singapore will close bars and entertainment venues including discos and cinemas among new measures to curb the spread of the coronavirus, the health ministry said on Tuesday.
HONG KONG: China stocks fell to six-week lows on Tuesday, in line with global markets as investor sentiment remained fragile after coordinated efforts by central banks failed to ease worries over the coronavirus impact.
JAKARTA: Governments should roll back or refrain from using travel restrictions as the cOVID-19 coronavirus is mainly being spread through local transmission rather than imported cases, a trade group of Asian airlines said.