Lawyers for Noah's Ark theme park are suing its insurance company for rain damage

It is one of the world's classic stories.A gigantic ark gets built with the help of a higher power, a symbolic refuge from the depravity of humankind. It is a huge, grandiose structure constructed out of wood that is perhaps larger... Source: NZ Herald Business News

By | May 26th, 2019|Business|0 Comments

Mark Fowler: NZ for sale – the unintended consequence of a lower currency

COMMENT: For some time now central bankers have been opining that our New Zealand dollar has been 'unjustifiably' and 'unsustainably' elevated in price relative to our major trading partners. The constant rhetoric is that our... Source: NZ Herald Business News

By | May 25th, 2019|Business|0 Comments

Arkansas newspaper gambles on free iPads

Over a lunch of hamburger steaks, mashed potatoes and green beans, Walter Hussman delivered his pitch to the dozen or so attendees of the Hope, Arkansas, Rotary Club meeting. He promised that if they keep paying their current rate... Source: NZ Herald Business News

By | May 25th, 2019|Business|0 Comments

Facebook defends decision to leave up fake Pelosi video

There is no dispute that the Facebook video of House Speaker Nancy Pelosi, viewed by millions is a fake, deliberately altered to make her appear drunk. YouTube acted fast and removed duplicates. Other social media outlets have not... Source: NZ Herald Business News

By | May 25th, 2019|Business|0 Comments

Shoppers turning their backs on Huawei following Google ban

Shoppers both here and abroad are turning their backs on Huawei's handsets in the wake of Google suspending its hardware and software business with the Chinese mobile giant.Huawei's handset popularity has plummeted by more than... Source: NZ Herald Business News

By | May 24th, 2019|Business|0 Comments

Former Facebook exec recommends Mark Zuckerberg step down as CEO

Facebook's former security chief is disagreeing with calls to break up the social network.Instead, Alex Stamos believes the way to fix problems is for Mark Zuckerberg to step aside as CEO.Facebook co-founder Chris Hughes and other... Source: NZ Herald Business News

By | May 24th, 2019|Business|0 Comments

US CEOs get $1.2m pay raise, leaving workers further behind

Did you get a 7 per cent raise last year? Congratulations, yours was in line with what CEOs at the biggest companies got. But for chief executives, that 7 per cent was roughly US$800,000 ($1.2 million).Pay for CEOs at S&P 500 companies... Source: NZ Herald Business News

By | May 24th, 2019|Business|0 Comments

Pushpay, PredictHQ among big winners at 2019 Hi-Tech Awards

Pushpay (Company of the Year), PredictHQ (three awards) and Robotics Plus (two awards) were the big winners at the 2019 Hi-Tech Awards, announced in Auckland this evening. See the full list of winners below.The event also saw entrepreneur... Source: NZ Herald Business News

By | May 24th, 2019|Business|0 Comments

NZ shares fall; Gentrack sinks on weaker earnings

New Zealand shares fell, led by Gentrack, after the utilities software developer was among companies reporting weaker than expected earnings today. The S&P/NZX 50 Index fell 41.05 points, or 0.4 per cent, to 10,222.36. Within the... Source: NZ Herald Business News

By | May 24th, 2019|Business|0 Comments

NZ dollar falls with Aussie after Westpac's RBA rate cut call

The New Zealand dollar fell in unison with its Australian counterpart against the greenback after Westpac forecast the Reserve Bank of Australia will cut interest rates three times this year.The kiwi was trading at 65.16 US cents... Source: NZ Herald Business News

By | May 24th, 2019|Business|0 Comments