Rocket Lab sends First New Zealand-made operational satellite sent into orbit | NZ Market Update

Z Energy is on a spree to chase ex-employees of its corporate department, as they have been underpaid holiday pay by close to $1.3 million. Holiday pay oversights have been a significant issue for numerous New Zealand businesses and organizations in recent years. In 2016 it was disclosed thousands of public sector workers had been short-changed for holiday pay, with estimations then that New Zealanders were unpaid about $2.3 billion.

Rocket Lab says it’s sent New Zealand’s first operating satellite into orbit. The satellite named ‘First Light’ is Rocket Lab’s first in-house created and built operational satellite. First Light, manufactured largely in New Zealand, was sent to orbit on Rocket Lab’s fourteenth mission of its rocket Electron from its launch site on the Mahia Peninsula on August 31.

STA Travel Group’s New Zealand operations owe at least $7 million with slim pickings predicted for creditors. Deloitte administrator David Webb said the debt was expected to balloon further, and liquidation was likely with little chance of any payments to creditors. To date more than 600 claims had been registered, mostly against the travel agency for flights and travel bookings, and also against work exchange provider IEP for visa services.

Comment


Disclaimer

   
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK