Sunday, January 29

Tag: covid

Kiwis spent big on entertainment as Covid restrictions eased

Kiwis spent big on entertainment as Covid restrictions eased

Rugby fans at the World Cup match between New Zealand and Australia held at Eden Park on Saturday. Photo / Dean PurcellConsumer spending continues to hold up, although signs of a slowdown are emerging, according to the latest Spending Tracker from Kiwibank.Kiwibank electronic card spending rose 3.1 per cent in the September quarter.A big jump in spending on entertainment and a broad shift towards spending on services, and away from goods, underpinned the trend."Historically low unemployment continues to support households' income, and in turn, consumption," said Kiwibank chief economist Jarrod Kerr."Households however are faced with a tough trio of rising interest rates, elevated cost of living, and falling house prices."In an increasingly expensive environment, the appetite to spend weake...

Former Nintendo Boss Reggie Tells Companies To ‘Embrace’ Unions

Photo: Allen Berezovsky (Getty Images)In an interview yesterday, former Nintendo of America boss Reggie Fils-Aime was asked about his thoughts on unions, which currently barely exist in the video game industry. Fils-Aime’s answer was not a ringing endorsement of unions, with the former exec saying they aren’t good or bad, just a situation to be dealt with. But he did add that companies should embrace unionization if their employees want it. Unionization is in the air, as yesterday, employees at Raven Software—a studio that works on Call of Duty Warzone—made history when its QA staff voted to unionize, becoming the first union at a large-scale, AAA video game company. This followed months of union-busting from parent company Activision Blizzard. As a result, some high-ranking video game ind...