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Australia passes world-first new law forcing Facebook and Google to pay for news content

Australia has become one of the first countries in the world with the power to force tech giants to pay for the news they use after a controversial law passed in parliament today. The News [...]

By | February 25th, 2021|Categories: Business|0 Comments

Comvita back in profit driven by US and China markets, dividends to resume

Mānuka honey exporter Comvita returned to profit in the first half, driven by growth in its China and North America markets.The company's net profit came to $3.5 million in the six months to December, compared [...]

By | February 24th, 2021|Categories: Business|0 Comments

A2 Milk shares dive after first half profit drops 35% on daigou disruption

A2 Milk's share price dropped sharply after the company reported a decline in first half earnings.By late afternoon, the stock was down $1.61 or 14.4 per cent at $9.52.The company earlier said its net profit [...]

By | February 24th, 2021|Categories: Business|0 Comments

Facebook says it will pay $1.3 billion over three years to news media

Facebook, following in Google's footsteps, says it plans to invest US$1 billion ($1.34b) to "support the news industry" over the next three years.The social networking giant, which has been tussling with Australia over a law [...]

By | February 24th, 2021|Categories: Business|0 Comments

'Stark but not surprising': Covid-hit Qantas announces $1 billion loss

Qantas has revealed the latest damage bill stemming from the coronavirus pandemic, announcing an eye-watering net loss of A$1.03 billion (NZ$1.1b). On Thursday morning, Australia's major airline posted the billion-dollar loss, a... Source: NZ Herald [...]

By | February 24th, 2021|Categories: Business|0 Comments