13 hot tech companies sold offshore: Did NZ benefit?
13 minutes to read This month has seen two substantial technology companies sold offshore, with Auckland-based retail software firm Vend going to NYSE-listed Lightspeed for $450 million, and Christchurch geologic 3D modelling outfit Seequent acquired by Nasdaq-listed Bentley Systems for $1.45b.
Backers were quick to claim that jobs would stay in New Zealand (Vend and Seequent employ some 400 locally between them) and that investors like Movac and Punakaiki Fund (Vend) and Pencarrow (Seequent) would recycle money back into the local tech ecosystem.
A look back at 13 past high-profile tech sales (from a field of many more) reveals that sometimes that happens … and sometimes it doesn t.
Morgan Stanley Strategy Challenge to Benefit 12 Nonprofit Organizations in the U.S. and UK
Annual pro bono volunteer program has delivered more than 108,800 service hours valued at over $16.6 million to 142 nonprofits since 2009
Morgan Stanley today announced the launch of the 2021 Strategy Challenge, the Firm s flagship pro bono volunteer program. Over the next 11 weeks, teams of Morgan Stanley employees in New York and London will work virtually with leadership teams at 12 nonprofit organizations to provide strategic recommendations to address their mission-critical challenges. Nonprofits are experiencing greater challenges than ever before with the pandemic exacerbating many of the issues organizations take on, leading to overwhelming demand for their services, said Joan Steinberg, Global Head of Philanthropy at Morgan Stanley. I am very proud of the Morgan Stanley employees who will use their diverse perspectives and talent to deliver recommendations leading to real impac
Apply for Working Parents Benefit today
Working parents have until March 31 to apply to receive a one-time $561 per child benefit to help with the cost of child care.
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Parents who used child care from April to December of 2020 while working or attending school, can apply now to receive the Working Parents Benefit at alberta.ca/WorkingParentsBenefit.
“The pandemic and the economic downturn has created significant stress for working parents, many of whom have continued to fuel our economy and provide essential services through extreme challenges. The Working Parents Benefit puts money directly into the pockets of the families who need it most to assist them with the financial pressures they have faced this past year.”
SALEM â Oregon added 13,900 jobs last month, nearly twice as many as it gained in January, but the jobless rate remains stubbornly high.
Unemployment was 6.1% in February, according to new data out Tuesday, March 16, from the Oregon Employment Department. Thatâs on par with the national rate and down just one-tenth of a percentage point from January.
While the jobless rate has fallen for 10 straight months, the rate of decline has slowed to a crawl. Oregon remains down more than 150,000 jobs from February 2020. Oregon has regained a little less than half of the jobs it lost in the early days of the coronavirus pandemic.
Claire Trevett: The real benefit of the America s Cup to the Government
17 Mar, 2021 04:00 PM
4 minutes to read
OPINION:
Over the last week, Sport and Finance Minister Grant Robertson has undergone something of a metamorphosis from America s Cup sceptic to wearing red socks with glee. Labour is a party born from blue collars and socialism, and the America s Cup has never sat that well with some of its members.
There are big supporters in Labour: among them Trevor Mallard who was once the minister in charge of justifying spending public money on the Cup, and Stuart Nash who gets that job now.