The three reasons Covid couldn t knock down the Kiwi economy - ASB report
29 Apr, 2021 01:28 AM
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New Zealand s economy was able to roll with the Covid-19 punches. Photo / 123RF
A new report by ASB highlights three reasons why the economy defied expectations, and breaks down that resilience by industry sector. This time last year it looked like the pandemic s impact on the New Zealand economy would be sizeable and long lasting , said ASB senior economist Mark Smith.
ASB s own forecasts were that the economy would shrink by 7 per cent through 2020 and wouldn t get back to pre-Covid levels until 2023.
As the governor eases restrictions, the wedding industry is bouncing back
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Source: WBRZ
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BATON ROUGE – After nearly a year of vanishing vows, the wedding industry is experiencing an explosion of interest.
“I had 11 weddings in 21 days, that’s never happened in my whole career,” said wedding planner Allie Wester, who owns Weddings by Allie.
On Tuesday, the Governor eased COVID-19 restrictions, allowing outdoor events to be held at full capacity and placing a 75 percent capacity limit for indoor events. Wedding inquiries have increased.
“Just this morning I had four wedding inquiries, which is phenomenal so I’m looking forward to a booming 2022 as well,” said Wester.
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MADRID: Spain will double the duration of radio frequency licences, including for 5G networks, to 40 years in future auctions, the government said on Tuesday. The change in legislation will allow telecommunications companies and investors better visibility on their investment in the heavily indebted sector, which requires high levels of spending to build infrastructure such as fibre optic networks. Extending the duration of these concessions (is) a way of guaranteeing stability, predictability and adequate return on investment for the operators, the economic and digital affairs ministry said following approval by a council of ministers. The decision comes as Spain prepares to dedicate nearly 30% of the 140 billion euros ($169.18 billion) it will receive in European recovery funds to its digitalisation plan particularly the development of 5G mobile data.
Alphawave founders set for $2bn payday in London float
The Anglo-Canadian chip developer has said the market debut will value it at $4.5bn
29 April 2021 • 4:49pm
The founders of Alphawave IP are set to crystallise fortunes of as much as $700m (£501m) each when the semiconductor company floats in London next month.
Anglo-Canadian chip developer Alphawave is on track to achieve a valuation of $4.5bn when it joins the London Stock Exchange, becoming one of the City s biggest listings in years, in what will come as a major boon in the wake of Deliveroo s disastrous debut late last month.
The move to choose London, which was confirmed in a statement to the markets today, is expected to land industry veterans Tony Pialis, Jonathan Rogers and Raj Mahadevan, who founded the company in 2017, paper fortunes of as much as $700m each. All three currently hold around a fifth of the shares in the business.