Business News

COVID-19 cost more in 2020 than the world's combined natural disasters in any of the past 20 years

Written by Ilan Noy, Chair in the Economics of Disasters and Climate Change, Te Herenga Waka — Victoria University of Wellington

www.shutterstock.com

What have we lost because of the pandemic? According to our calculations, a lot — and many of the worst hit countries and regions are far from world media attention.

Typically, damage from any disaster is measured in separate categories: the number of fatalities and injuries it caused, and the financial damage it led to...

Private toll roads are supposed to save taxpayers’ money, but can have these hidden costs
If you’ve ever driven in Sydney, Melbourne or Brisbane, chances are you’ve used – or steered clear of &ndas…
AI hype has just shaken up the world’s rich list. What if the boom is really a bubble?
Just for a moment this week, Larry Ellison, co-founder of US cloud computing company Oracle, became the world’s richest…
Want more protein for less money? Don’t be fooled by the slick black packaging
The Conversation, CC BY-SAIf you’ve been supermarket shopping lately, you might have noticed more foods with big, bold …
‘Fortress stores’ can fight theft – but is it how we want to shop?
“Fortress stores” with security-tagged chicken and steaks in wire security cages. GPS-tracked jars of instant cof…
Politicians love comparing NZ’s economy to Singapore or Ireland – but it’s simplistic and misleading
Canva, The Conversation, CC BY-NCUnveiling Amazon Web Services’ long-awaited NZ$7.5 billion “cloud region” …
Could Labor’s super tax reforms be headed for a makeover? Here’s how a redesign might work
Late last week, citing anonymous sources, the Australian Financial Review reported the federal government was considering del…

Traditions of Rural Bali at Villa Sabana
A Privileged Insight into the Traditions of Rural Bali at Villa Sabana Situated in the traditional village of Pererenan near Canggu, Villa Sabana is peacefully secluded in a semi-rural setting where…

5 Reasons to Hire a Building Contract Lawyer Before Your Next Construction Project in Melbourne
If you're planning to build, renovate, or develop a property in Melbourne, you might be focusing on finding the right architect, builder, or project manager. But there’s one professional most…

NZ Budget 2025: economic forecasting is notoriously difficult, but global uncertainty is making it harder
Javier Ghersi/Getty ImagesThis year’s budget will be one of the tightest in a decade, with the New Zealand government halving its operating allowance – the new money it has available…
What is an inverted yield curve? Why is it panicking markets, and why is there talk of recession?
Markets know what has happens each time the yield curve turns negative. The idea of rates falling over time without a a recession will take getting used to.ShutterstockSince President Trump…
Why Investing in Team Building Activities Is a Smart Business Move
New research from Orange Sky reveals that over half (55%) of Australians aren’t friends with their colleagues, with one in five (19%) keen to get to know their peers more…

AWS research shows strong AI adoption momentum in Australia, with startups outpacing large enterprises in innovation

Amazon Web Services (AWS), an Amazon.com company, released new research revealing that while artificial intelligence (AI) adoption continues to acce...

Changing the World One Bite At a Time: IKU Turns 40

One of Australia’s first plant-based, chef-led eateries and now ready meal provider IKU is celebrating its 40 year anniversary with the business e...

Three generations marking 45 years in hot-air balloons

Australia’s leading hot-air balloon company is celebrating 45 years in the sky and its 700,000th passenger, driven by the passion of father-son du...

Workplace DMs, Reinvented: Deputy Messaging, Purpose-Built For Shift-Based Teams

Deputy, the global people platform for shift-based businesses, has launched Deputy Messaging, a fully integrated, real-time communication tool designe...

Revolutionizing Fulfillment: How Virtual Warehousing is Changing the Game?

The e-commerce landscape is evolving more rapidly than ever, and the way businesses are managing their fulfillment is also revolutionizing. At the...

SME lender Dynamoney welcomes new CEO, Brett Thomas

Strengthens growth ambitions and signals expanded offering Dynamoney, a leading commercial finance provider for Australian SMEs, has today appoint...