Microsoft in talks to buy TikTok as Donald Trump prepares to force sale

Microsoft is in talks to buy the popular social media app TikTok, reports claim, as US president Donald Trump prepares to order its Chinese parent company to sell it.The move would mark the latest attack on Chinese firms by the... Source: NZ Herald Business News

By | July 31st, 2020|Business|0 Comments

Rocket Lab finds problem with failed mission, can resume launches

Rocket Lab says it has found the cause of its failed mission on July 5 NZT - a single electrical connection.With corrective measures underway, the Kiwi-American company says it has received approval from the US Federal Aviation... Source: NZ Herald Business News

By | July 31st, 2020|Business|0 Comments

The $311m splurge on tourism – Govt says 3000 jobs protected

The Government is spending more than $230 million on ''strategic'' tourism businesses in a move it says will protect up to 3000 jobs in the sector hammered by the pandemic.This round of funding is unlikely to attract the same heat... Source: NZ Herald Business News

By | July 31st, 2020|Business|0 Comments

'The brakes are on': house-price growth halts after early Covid-19 recovery

House prices may have surprised most pundits by climbing back to near-record highs post the Covid-19 lockdown but new data suggests the rebound is running out of steam.Auckland prices have now remained flat in the past month, an... Source: NZ Herald Business News

By | July 31st, 2020|Business|0 Comments

How new laws are pushing predatory loan sharks closer to extinction

Originally published by The Spinoff Amid fears of growing financial hardship throughout New Zealand, a comprehensive campaign against high-interest lenders looks to be gaining new ground.Payday lenders, trucks shops, loan sharks:... Source: NZ Herald Business News

By | July 31st, 2020|Business|0 Comments

NZ dollar rises on US dollar weakness

The New Zealand dollar resumed its upward march after data showed the US economy contracted an annualised 32.9 per cent in the June quarter and the US dollar fell to its lowest level since May 2018 against a basket of major currencies.The... Source: NZ Herald Business News

By | July 31st, 2020|Business|0 Comments

Queenstown rents take biggest tumble in seven years

By RNZ A rental website shows prices in Queenstown plummeted by more than a quarter in June compared with the same month last year.Queenstown-Lakes District had its biggest annual drop in seven years, to an average weekly rent... Source: NZ Herald Business News

By | July 31st, 2020|Business|0 Comments

Appeal win: Blogger Dermot Nottingham's home detention for 'hate-filled' posts ends

A New Zealand blogger who represented himself at New Zealand's highest court has successfully argued for his home detention to end after being convicted for a series of "hate-filled" posts and harassment of several people, including... Source: NZ Herald Business News

By | July 31st, 2020|Business|0 Comments

Disgraced Dunedin financial adviser: Barry Kloogh's predatory behaviour unmasked

When Chris Churcher lost his fight with cancer in 2019, he died believing he was leaving his family financially secure.Four days later, the Serious Fraud Office raided the premises of his financial adviser Barry Kloogh, and the... Source: NZ Herald Business News

By | July 31st, 2020|Business|0 Comments

Covid 19 coronavirus: Spike in Jetstar's domestic flights from August

Jetstar is dramatically increasing its domestic schedule for August, returning to 90 per cent capacity of pre-Covid levels.The uptick in services will see more than 100 return flights across six different routes from next month,... Source: NZ Herald Business News

By | July 30th, 2020|Business|0 Comments