New Zealand unveils record spending to deal with pandemic shock

WELLINGTON (Reuters) - New Zealand unveiled a record NZ$50 billion ($30 billion) fund in its budget on Thursday to restore an economy hit by the coronavirus pandemic, but warned it may not be enough to stop thousands from losing jobs and businesses shutting.The massive spending, which includes billions on infrastructure, healthcare, housing and an extension of its wage subsidy scheme, sets the stage for Prime Minister Jacinda Ardern's re-election campaign, as her centre-left government seeks to..