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 Home >> News >> New Zealand Herald >> New Zealand Herald - Business
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Google fined A$60m for misleading Australians on location data collection   The Australian Federal Court has ordered Google to pay an A$60 million ($65m) fine for making misleading representations to consumers about the collection and use of their personal location data.The tech giant agreed to the penalty.The...
Money Talks: Heather du Plessis-Allan - How having a baby taught her to stop being 'tight-fisted'   Heather du Plessis-Allan's first memory of money is of trying to make it."I have this recollection, when I was about 10 years old of coming up with some sort of scheme at school where I went to a stationary shop to buy staplers...
Auckland City Mission's new HomeGround wins top Property Council award   The new Auckland City Mission building, extensions to the Cordis Hotel and Christchurch's Te Pae convention centre have all won Property Council awards tonight.HomeGround on Hobson St won the top award for excellence, the judges...
Marlborough Lines looking to sell down investment in Yealands Wine Group   Marlborough Lines is looking to sell a stake in Yealands Wine Group and reinvest the money in its electricity lines business.Marlborough Lines bought a majority stake in Yealands Wines for $89 million in 2015, promoting it at the...
Higher natural peril costs pull down profit for insurer IAG   A significant increase in natural peril costs has dragged down the profits of IAG New Zealand - the country's largest general insurer and parent of brands State Insurance, NZI and AMI.IAG NZ made a profit of A$220 million ($242m)...
Government tax U-turn: Landlords allowed breaks back for long-term rentals   The Government has done a U-turn on rental housing policy settings, backing down on axing landlords' tax breaks. Housing Minister Megan Woods has today announced that owners of 20-plus rentals in one development, offering tenancies...
Fonterra flags steady earnings for 2022 year, positive outlook   Fonterra said its earnings for the financial year to July 2022 should be towards the top end of its guidance range of 25 to 35 cents per share.Chief executive Miles Hurrell said the co-op was still finalising and auditing its numbers...
Air New Zealand's reduced flight schedule takes the wind out of flying for travellers   By Amy Williams of RNZ People booked with Air New Zealand over coming months are crossing their fingers they won't be among the thousands who will have their flights dropped as the airline deals with staff shortages.The company...
Disney tops Netflix in streaming subscribers, hikes prices   Disney+ subscribers in the US will have to pay 38 per cent more from December to see the service without ads, the company revealed today.For American subscribers to Disney+, the basic service - to which advertisements will be added...
Air New Zealand cuts flights to deal with staff sickness   Air New Zealand will operate a reduced schedule over the next six months as staff sickness levels continue to cause disruption to travel.There will be changes to some flights, where there will be 1.5 per cent fewer seats than originally...
Federal Apartments wins fast-track consent via special new law   Plans for a 183m 55-level Auckland apartment tower won fast-track consent from an independent consenting panel, it was revealed today.Matt Khoo, ICD Property managing director, said consent had been granted for the new Federal Apartments...
Rakon says it's heading towards second-best ever profit   Electronic components maker Rakon says it's on track for its second-best ever operating profit.Rakon specialises in frequency control and timing solutions and expects underlying ebitda to range from $36 million to $44 million."Even...
2022 Hi-Tech Awards: Three gongs for Alimetry, McCrae honoured   Seequent was the big winner at the 2022 NZ Hi-Tech Awards tonight, claiming the PwC Hi-Tech Company of the Year category. The Gala Dinner in Wellington where the winners were announced was attended by a record crowd of close to 1100...
Travel squeeze: Air New Zealand cancels flights as it struggles to find planes and crew   Air New Zealand will cut its planned schedule and operate 1.5 per cent fewer seats than originally planned during the next six months.The airline says it is taking proactive measures to protect customers' travel plans as sickness...
Wall St roars after US inflation cools more than expected   Wall Street roared overnight after inflation cooled more than expected last month, sparking speculation the Federal Reserve may not have to be as aggressive about hiking interest rates as feared.The S&P 500 was 1.9 per cent higher...
National and Labour donations trial: Simon Bridges testifies as Crown plays secretly recorded threat from Jami-Lee Ross   Things were coming to a head between then-National leader Simon Bridges and MP Jami-Lee Ross in September 2018 when Ross secretly recorded a heated conversation with his colleague in which Ross offered an ultimatum: abandon plans...
NZX regulator confirms Michael Stiassny, Gordon Shaw for NZ Automotive board   The NZX's regulatory arm, NZ RegCo, said it was satisfied that nominees Michael Stiassny and Gordon Shaw would qualify as independent directors for the NZ Automotive Investments (NZAI) board, under its listing rules.NZ RegCo had...
A2 Milk's share price drops after US FDA defers formula request   A2 Milk's share price fell sharply after it said the US Food and Drug Administration had deferred the company's request to send infant formula to the United States to help alleviate the product shortage there.In a statement to the...
Nearly $5 billion wiped off value of KiwiSaver assets in just three months   The total value of New Zealanders' KiwiSaver assets fell $4.95 billion in the three months to June 30, bringing it down to $82.77b, Morningstar figures show.And the value is nearly $10b down on the $91.67 the superannuation scheme...
Another record: ASB profit up 11 per cent to $1.47 billion   Lending growth pushed profits at ASB up 11 per cent to $1.47 billion for the year to June 30, despite a slowdown in the property market.The bank's home lending grew 6 per cent during the year down from 12 per cent in the prior financial...





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