Wakeup call: Shanghai shutdown shudders
Lockdown worry – Fears are growing eight days of covid lockdowns planned for 24 million people in China’s financial and manufacturing hub, Shanghai, could hit consumer demand in the world’s second biggest economy and potentially further disrupt global supply chains. Tesla closed...
Wakeup call: NZ Bus up for sale
Months after settling an extended industrial dispute with drivers in Wellington and being rebuked by its council clients, NZ Bus is being put up for sale again.
Wakeup call: talk of faster taper jolts stocks
Global stocks are selling off sharply this morning after US Federal Reserve chair Jerome Powell appeared to abandon ‘Team Transitory’s’ view that inflation is temporary.
Markets bounce on omicron rethink
Global stocks bounced as much as 1.5% this morning as fears about omicron receded somewhat.
