By RNZ The BA.2 subvariant of Omicron has quickly become the dominant strain of Covid-19 in New Zealand. What is it and what impact will it have on the current outbreak? RNZ is here to clear it all up.Over time viruses change…
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More construction giants to fold as 'perfect storm' hits building sector
More large Australian construction companies will fail this year, a building insolvency expert has warned, with thousands of sub-contractors, tradies and would-be new homeowners the vulnerable victims.
Andrew Spring, partner at building insolvency specialist Jirsch Sutherland, said it "wasn't surprising at all" to see two tier-one construction firms go bust in quick succession after Christmas, given the serious headwinds the sector is now facing.
He said it was "a definite possibility" other construction giants would follow Probuild and Condev into liquidation, creating a potential "domino-like effect" for sub-contractors and tradies who will be left out of pocket and saddled with debt.
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"The industry is in a really difficult position at the moment," Mr Spring told 9news.com.au, predicting that the tough times would likely stretch into 2023 because "it does take time for the full weight of these sort of (major) insolvencies to come home all the way down the chain".
Hopeful homeowners who had the misfortune to pick the wrong construction company won't escape the financial bomb.
Queensland couple Nicole and Daniel Jacobson have been forced to shell out an extra $130,000 to finish their home, after the building company they signed with, Privium Group, suddenly collapsed.
Affected by a construction company collapsing? Email data, down 27.9 per cent from December.
"The decline was much larger than economists had expected," Diana Mousina from AMP Investments said.
January approvals were 24.1 per cent lower compared to a year ago.
Ms Mousina predicted approvals would "track sideways" over the next few months, adding the reopening of Australia's international border should result in positive approval activity on a 12-month horizon.
'I hate you and I'll never forgive you' – grieving mum's strong words to the teen who killed her son
The mother of a teenager killed in a car crash told the driver: “I hate you and I’ll never forgive you for what you have done.”The driver Cory Neville Aberhart, 19, had originally claimed the crash happened when he swerved on a…
NSW Premier taking leave after birth of seventh child
New South Wales Premier Dominic Perrottet will take two weeks of parental leave after the birth of his seventh child.
The leader said he will leave Deputy Premier Paul Toole in charge as Acting Premier. Stuart Ayres will assume the role of Acting Leader of the Parliamentary Liberal Party.
Mr Perrottet will be back to work on Monday, April 4, but said he will return earlier if needed.
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"Given the current flood emergency I will continue to receive briefings on the response and recovery work and remain ready to return to official duties immediately should the need arise," Mr Perrottet said.
Mr Perottet announced the birth of the "beautiful" baby girl last night.
Her name is Celeste Grace Perrottet.
"Helen and I are absolutely thrilled to welcome our beautiful baby girl, Celeste Grace Perrottet, born last night," the premier wrote on Facebook.
"Both Mum and baby are doing well.
"She's looking forward to being kissed and cuddled, fought over and cherished by her big brother and sisters."
Mr Perrottet has six other children: Charlotte, Amelia, Annabelle, William, Harriet and Beatrice.
The 39-year-old father was sworn in as NSW's 46th premier last October following the shock resignation of Gladys Berejiklian.
Herald afternoon quiz: March 17
Test your brains with the Herald’s afternoon quiz. Be sure to check back on nzherald.co.nz for the morning quiz tomorrow. To challenge yourself with more quizzes, CLICK HERE.
Kāpiti's volunteer and fundraising groups find Covid-19 tough
The impact of Covid-19 is being felt by all parts of society — tourism, hospitality and entertainment industries most notably.But perhaps one of the forgotten cogs of society during the pandemic has been the fundraising groups working…
Covid 19 Omicron outbreak: The heartland Kiwi town where 22 per cent have tested positive
Omicron’s spread through Ruatoria has been rapid – with 22 per cent of the town’s population testing positive in the space of just three weeks. Late last year local iwi leadership – fearing what could happen if Covid-19 spread through…
Covid 19 Omicron outbreak: South Island yet to pass Omicron peak cases still rising
The South Island does not appear to have passed its Omicron peak yet with case numbers continuing to rise.The Canterbury District Health Board reported 2494 new cases in the region on Thursday.That was up from 2403 on Wednesday…
Oligarch's yacht stranded because Norwegians refuse to refuel it
A 68-metre megayacht purportedly owned by a Russian oligarch is stranded in a Norwegian harbour because locals refuse to allow it to be refuelled.
The MY Ragnar is reportedly owned by former KGB agent Vladimir Strzhalkovsky, who is close with Vladimir Putin.
Although Mr Strzhalkovsky is not on any sanctions list, Norwegian fuel suppliers are refusing to refuel it.
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As a result, the Ragnar remains docked in Narvik, a fishing port in the north of Norway.
The yacht's captain Rob Lancaster, a Briton, has vented at the crew's treatment in a message stuck on a post in Narvik harbour.
"It is OK to fuel the Russian fishing fleet and allow them to operate in Norwegian waters and ports unhindered as this makes up 20 per cent of Northern Norway's economy," he wrote.
"However, they are happy to discriminate against this yacht for publicity in the current climate."
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He wrote the discrimination towards the crew was "extremely unjust".
Mr Strzhalkovsky made his fortune in the nickel mining industry.
The yacht was put on the market last year for around $116 million, but has not yet sold.
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The superyacht is a custom-built luxury vessel adapted from an ice-breaking service ship.
The five-storey vessel is available for charter voyages.
Its website touts its well-equipped gym, glass-bottom pool, top-deck jacuzzi and spa.
Its home base is in Malta in the Mediterranean.
Covid 19 coronavirus Omicron outbreak: Wellington, Hutt among highest active cases per 100,000
One Wellington Hospital has more than 20 per cent of staff absent due to Covid-19, as the wider region becomes one of the main epicentres for Omicron in the country. Today there are nearly 25,000 active cases in the wider region…