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Germany's Mercedes-Benz plans assembly plant in Egypt

BERLIN (AP) — German automaker Daimler's Mercedes-Benz Cars unit says it is developing plans to open an assembly plant in Egypt.Mercedes-Benz said in a statement Friday that the passenger car plant would be built by a local business... Source: NZ Herald Business News

By | January 18th, 2019|Business|0 Comments

Bulgaria makes terror financing arrests across the country

SOFIA, Bulgaria (AP) — Police in Bulgaria says they have busted a suspected terrorism financing ring and detained 43 people in raids across the country.Deputy Chief Prosecutor Ivan Geshev told reporters on Friday that one of the... Source: NZ Herald Business News

By | January 18th, 2019|Business|0 Comments

Lawsuits ramp up pressure on family that owns opioid company

The legal pressure on the prominent family behind the company that makes OxyContin, the prescription painkiller that helped fuel the nation's opioid epidemic, is likely to get more intense.The Sackler family came under heavy scrutiny... Source: NZ Herald Business News

By | January 18th, 2019|Business|0 Comments

Macedonia seeks help in catching safe deposit box thefts

SKOPJE, Macedonia (AP) — Macedonian authorities are seeking cross-border help to gather evidence on a 1.7-million euro ($1.9 million) theft from bank safe deposit boxes by an international gang in 2017.Macedonia's prosecution office... Source: NZ Herald Business News

By | January 18th, 2019|Business|0 Comments

Mortgage war reignites as Westpac offers 3.99% rate

Mortgage brokers say a new sub-4 per cent mortgage rate launched by a major bank could be the start of another mortgage war.From today Westpac is offering a one-year fixed term rate of 3.99 per cent - down 16 basis points on its... Source: NZ Herald Business News

By | January 18th, 2019|Business|0 Comments

Footage of a Chinese company's brutal punishment for workers goes viral

Next time your boss pulls you into a scary meeting about your progress, just be thankful you don't live in China.Footage has gone viral of a Chinese company's brutal punishment for its under-performing employees.The video, filmed... Source: NZ Herald Business News

By | January 18th, 2019|Business|0 Comments

'May contain hair': Hell launches 'Unruly Tourist' pizza

Hell Pizza is capitalising on the hype surrounding the much-maligned British family visiting New Zealand with the launch of a new pizza. A billboard which has just gone live at Victoria Park trumpets the limited edition "Unruly... Source: NZ Herald Business News

By | January 18th, 2019|Business|0 Comments

Supermarket basket shortage across Hawke's Bay after plastic bag removal

A spate of supermarket basket thefts across Hawke's Bay after January's single-use plastic bag ban has left some facing a shortage. One customer said she was told as many as 285 baskets had gone missing from Pak'nSave in Napier... Source: NZ Herald Business News

By | January 18th, 2019|Business|0 Comments

NZ shares follow Asian markets higher

New Zealand shares followed Asian markets higher on renewed hopes for a resolution to the US-China trade tensions. Trading was light with few local drivers.The S&P/NZX 50 index rose 19.9 points, or 0.2 per cent, to 9077.71. Within... Source: NZ Herald Business News

By | January 18th, 2019|Business|0 Comments

Cohen says he rigged online polls for Trump in 2014, 2015

NEW YORK (AP) — President Donald Trump's estranged former lawyer acknowledged Thursday that he paid a technology company to rig Trump's standing in two online polls before the presidential campaign.Michael Cohen tweeted that "what... Source: NZ Herald Business News

By | January 17th, 2019|Business|0 Comments