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25th Oct 12:03 AM NZDT
APEC ministers stress sustainable and broad COVID-19 recovery
NZ’s Minister of Finance and Deputy PM Grant Robertson chaired a virtual APEC Finance Ministers’ Meeting from Wellington on Friday to discuss COVID-19 response and recovery in APEC economies.
Source: © Penwin | Megapixl.com
APEC finance ministers agreed to use all existing policy instruments to tackle COVID-19 and support a strong recovery while taking advantage of the opportunity to develop a resilient future.
They discussed the need to maintain long-term fiscal sustainability, target support where it is required and tackle climate change issues and biodiversity loss.
Ministers also agreed on a refreshed Cebu Action Plan strategy.
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25th Oct 12:00 AM NZDT
NZME (NZX:NZM) updates on the divestment of GrabOne
Source: Copyright © 2021 Kalkine Media
New Zealand’s famous integrated media company, NZME Limited (NZX:NZM) announced the confirmation of finance conditions by Global Marketplace New Zealand Limited for acquiring NZME’s ecommerce platform GrabOne’s business and assets.
Related Read: NZME (NZX:NZM): How did COVID-19 impact the Company’s businesses?
The said sale transaction is likely to occur on 29 October.
It is noted that the mentioned parties had agreed to settle the transaction for NZD$17.5 million.
As per Nathan Brown, Global Marketplace New Zealand’s CEO, the data, and digital experience of GrabOne would greatly help Global Marketplace to deliver greater values for both its stakeholders as well as consumers.
On 22 October, at the market close, NZME fell by 1.75% at NZ$1.120.