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Biz Information Tech

Walmart has made an investment in a self-driving technology startup. Cruise plans to improve the last-mile distribution ecosystem.

Walmart wishes to expand the last-mile distribution ecosystem. Walmart's presence is expanding beyond the walls of its classic white-and-blue stores and into the world of...

Leon Black to step down as Apollo CEO after Epstein review

January 26, 2021

Leon Black said on Monday he would relinquish his chief executive post at Apollo Global Management Inc following the buyout firm’s independent review of his...

Airbnb CEO says travel never going back to the way it was before pandemic

January 15, 2021

Airbnb Chief Executive Officer Brian Chesky on Thursday predicted travel would permanently change due to the pandemic with people seeking out thousands of smaller cities...

Biz New Zealand

Businesses hoping for good local turnout for America’s Cup

January 12, 2021

Auckland businesses trading on the doorstep of the America's Cup Village face a nervous wait to see if sailing fans turn out in their droves...

Biz COVID-19 Health New Zealand

Covid finances: solo parents, small business owners among hardest hit

December 27, 2020

One in three households report being worse off financially compared with last year, according to a new survey. Half of the survey's respondents said their...

Biz New Zealand

Michael Hill store robbed by armed offenders

December 7, 2020

A jewellery store at a busy Auckland mall has been robbed by two armed offenders. Photo: 123rf Police say the incident took place at Michael...

Biz Entertainment

Wait for her earned tip is over: Restaurant pays $2,000 tip directly to waiter after bank refused to process the money because it was so unusually high

December 4, 2020

A Texas restaurant has paid a waiter a $2000 tip she got from a customer, some days after the restaurant owner complained that the bank...

More than 400 lawmakers from 34 countries back ‘Make Amazon Pay’ campaign

December 4, 2020

More than 400 lawmakers from 34 countries have signed a letter to Amazon.com Inc boss Jeff Bezos backing a campaign that claims the tech giant...

Biz New Zealand

Business leaders against National’s idea of imposing conditions on Funding for Lending

November 17, 2020

Business leaders aren't backing National Party's call for the government to "rein in" the Reserve Bank and insist conditions be put around new funding. Business...

Biz United States

Walmart drops inventory-tracking robots after humans prove just as effective

November 3, 2020

Machines don't always do a better job than people What just happened? Are you concerned about automation replacing human workers? Then you might appreciate this: Walmart...

Biz New Zealand

Business mystified by govt’s lack of interest in recycling initiative

October 28, 2020

The country's biggest bulk wine supplier has begun turning gigantic flexibags into plastic fenceposts but the fencepost manufacturer protests that a lack of government funding...

Amazon now offers free, one-hour grocery pickup for Prime members at all Whole Foods in the US

October 22, 2020

Curbside delivery is here to stay The big picture: Per recent data from Global Data Research, nearly 70 percent of those surveyed said they will continue...

KFC and Xbox team up for this hideous XBSX controller

October 22, 2020

MY EYES! WTF?! Are you planning to buy an Xbox Series X? Do you have a love for KFC that borders on the terrifying? Then why...

Tesla cracks revenue record and beats estimates, shares take off

October 21, 2020

Tesla Inc on Wednesday reported its fifth consecutive quarterly profit on record revenue of $8.8 billion, boosted by an uptick in vehicle deliveries and sales...

Biz New Zealand

The Warehouse Group chief operating officer to step down

October 20, 2020

The chief operating officer of The Warehouse Group will leave the firm in the new year to take up a job with an overseas retailer....

Amazon said third-party sellers surpassed $3.5 billion in sales during Prime Day

October 15, 2020

Prime Day 2020 is officially in the books TL;DR: Amazon less than a full day removed from its annual Prime Day sales event revealed that third-party...

Biz New Zealand

Air New Zealand CFO Jeff McDowall resigns

October 6, 2020

Air New Zealand is losing another senior executive. Photo: RNZ / Nate McKinnon The airline's chief financial officer, Jeff McDowall, has given notice he will...

Ease of doing business: Name reservation, business registration to now take 48 hours

October 3, 2020

The Corporate Affairs Commission (CAC) says activities like name reservation and registration of new businesses will now take 48 hours. The commission announced the new...

Chevron to sack 25 percent of its workforce in Nigeria

October 3, 2020

Chevron Nigeria Limited (CNL) says it will cut down its workforce in Nigeria by 25 percent across various levels. CNL disclosed this in a statement...

Biz Entertainment

Playboy set to emerge anew as public company

October 1, 2020

The print edition of Playboy magazine was killed this year but the name lives on in the digital world and branded products HENNY RAY ABRAMS...

Amazon launches Explore platform, offering virtual tour, shopping, and lesson experiences

September 30, 2020

One-on-one with an expert, for a price What just happened? Amazon has launched a new platform called Explore that utilizes its own live-streaming tools so people...

Biz Information Tech

Amazon confirms dates Prime Day will take place on October

September 28, 2020

Prime Day will have a fall feel this year The big picture: Amazon is running the risk of cannibalizing Black Friday and Cyber Monday sales by...

Biz New Zealand

Sounds Air aims to offer first regional zero-emission flights

September 28, 2020

Sounds Air is endeavouring to become the first regional airline to offer zero-emission flights. Photo: Supplied / Heart Aerospace It has signed a letter of...

Biz New Zealand

Business confidence at 19-year low – Mood of the Boardroom

September 28, 2020

Business confidence is at its lowest on record according to the Mood of the Boardroom survey, which goes back 19 years. Labour finance spokesperson Grant...

Biz New Zealand

Sir Stephen Tindall steps down from The Warehouse board

September 25, 2020

Sir Stephen Tindall will step down from the board of The Warehouse, which he founded. The Warehouse founder Sir Stephen Tindall won't be seeking re-election...

Biz New Zealand

Workers ‘absolutely devastated’ about The Warehouse restructure – union

September 18, 2020

First Union says The Warehouse has made a wrong decision to go ahead with a proposed restructure under which hundreds of jobs and thousands of...

Biz New Zealand

Small businesses cautiously optimistic amid recession

September 17, 2020

The economy may have just taken a turn for the worst but some small businesses are cautiously optimistic about the future. File photo. Photo: 123RF...

Biz New Zealand

Fonterra posts $659m full year profit

September 17, 2020

Fonterra has posted a profit of $659 million as restructuring, improved sales and margins helped it recover from the previous year's massive loss. Photo: RNZ...

Biz Markets United States

S&P 500 ends higher on growing hopes Fed will stay accommodative

September 16, 2020

U.S. stocks rose on Tuesday as investors hoped the Federal Reserve would stick with its supportive policy stance as the central bank’s two-day meeting got...

Biz New Zealand

NZX website down again, trading unaffected

September 15, 2020

The New Zealand Stock Exchange (NZX) website is down and it is understood to be due to another cyber attack. Photo: Supplied / NZX The...

Biz New Zealand

Consumer confidence hits lowest level since 2008

September 15, 2020

Consumer confidence has hit its lowest point in more than a decade, but the economy may have come through the Covid-19 pandemic related lockdowns in...

Biz Canada United States

Amazon is hiring 100,000 people in Canada and the U.S.

September 15, 2020

The retail giant is on a hiring spree In brief: Amazon's business has benefitted from the pandemic, and now the company is scrambling to expand its...

Amazon accused of price gouging throughout the pandemic

September 13, 2020

Some essential items quadrupled in price, likely breaking price gouging laws A hot potato: Despite Amazon's public stance on price gouging, a new report highlights several...

Biz New Zealand

Travellers out of pocket after Airbnb refuses full refund

September 13, 2020

Travellers have been left out of pocket by Airbnb's response to the latest Covid-19 lockdown. File photo. Photo: 123RF Those who booked travel while New...

Biz Information Tech

Tesla in talks to buy low carbon nickel from Canada – sources

September 12, 2020

Tesla is in discussions with Canadian miner Giga Metals about helping to develop a large mine that would give the electric carmaker access to low...

Biz Information Tech

Walmart is testing drones to deliver orders to shoppers

September 11, 2020

Drones could limit contact as the pandemic rages on Editor's take: The idea of delivering packages via aerial drones has been in the mainstream for nearly...

Biz Information Tech

Gateway partners with Walmart to make a comeback

September 11, 2020

Acer revives the Gateway brand What just happened? The Holstein dairy cow is back in business. Gateway, the iconic brand that revolutionized the personal computer industry...

Biz Israel Middle East Tech

Ynet CEO interrogated ahead of failed Taboola-Outbrain merger – report

September 10, 2020

The raid on Ynet's offices was reportedly part of an investigation carried out by the Competition Authority surrounding the planned merger of Taboola and Outbrain,...

Australia Biz New Zealand

Successful launch for Laybuy on Australian stock exchange

September 7, 2020

New Zealand buy now-pay later company, Laybuy, has had a stellar debut on the Australian stock exchange. Photo: 123RF The company has traded more than...

FCC generates more than $4.5 billion in latest wireless spectrum auction

September 4, 2020

More than 20,000 spectrum licenses were scooped up The big picture: The Federal Communications Commission this week announced the winners of its recent 3.5GHz band auction,...

Biz New Zealand

Air New Zealand’s chief commercial and customer officer Cam Wallace resigns

September 3, 2020

Air New Zealand's chief commercial and customer officer has resigned from the role due to the airline's current domestic status amid the pandemic. Air New...

Biz Information Tech

Dating app Bumble preparing for an IPO above $6 billion

September 2, 2020

Dating app Bumble is preparing for an initial public offering (IPO), and could seek a valuation of $6 billion to $8 billion, Bloomberg News reported...

Tesla launches $5 billion capital raise, tapping in on share surge

September 2, 2020

Tesla Inc (TSLA.O) on Tuesday unveiled its biggest program of new share sales as a public company, seeking to cash in on soaring Wall Street...

Biz Information Tech

Zoom shares up more than 40 percent following stellar quarterly report

September 2, 2020

Zoom shares are soaring on strong quarterly performance In a nutshell: Zoom in its second quarter earnings report said it generated $663.5 million in total revenue...

Getting in was easy, getting out not so: Shoprite seeks vacation of court order stopping its exit from Nigeria

September 1, 2020

The South African retail company, Shoprite Checkers (PTY) Ltd, on Tuesday filed an application seeking to discharge a mareva injunction stopping it from transferring its...

Biz United States

J.C. Penney sale talks stall, pushing retailer to brink

September 1, 2020

J.C. Penney Co Inc’s talks with landlords for a rescue from bankruptcy proceedings reached an impasse, pushing the department store to the brink of collapse...

Biz New Zealand

NZX attacks embarrassing and unusual, head of TUANZ says

September 1, 2020

The head of the Telecommunications Users Association of New Zealand says the attacks on the NZX are highly unusual and serve as a good reminder...

CBN resumes sales of foreign exchange to licensed BDC operators

August 27, 2020

The Central Bank of Nigeria (CBN) says it has commenced the sales of foreign exchange to the Bureau De Change (BDC) operators in the country....

Biz New Zealand

NZX crashes for fourth day in a row

August 27, 2020

The NZX website appears to be down for a fourth day just as the market is due to open. Photo: Supplied / NZX The stock...

Biz New Zealand

NZX down for third day in a row, following another cyber attack

August 27, 2020

The NZ Stock Exchange (NZX) has been halted after its website went down for a third day in a row. File photo. Photo: RNZ /...