Facebook under investigation in Australia

Australian authorities say they are investigating whether Facebook breached the country's privacy law when personal information of more than 300,000 Australian users was obtained by Cambridge Analytica, a Trump-linked political consulting... Source: NZ Herald Business News

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Virgin Galactic conducts 1st powered flight of new spaceship

MOJAVE, Calif. (AP) — Virgin Galactic has conducted the first powered test flight of its new space tourism rocket.Virgin Galactic tweets that the spaceship named Unity was carried aloft by its mother ship and released over California's... Source: NZ Herald Business News

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Uber suspends service in Greece following new law

Ride-hailing company Uber says it will suspend its service in Greece using private drivers following new legislation approved by the Greek parliament that placed stricter operating restrictions on the company.In an email sent to... Source: NZ Herald Business News

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Big Read: Treasury's bold new plan to measure your well-being

"Life is about more than money". Fair call; that's not normally a controversial statement. But should Treasury - every government's lead adviser on economic, financial and regulatory policy - be thinking about more than just money?That's... Source: NZ Herald Business News

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Young couple fined $29,000 for holiday sickie scam after social media pics give them away

A young couple who demanded compensation after claiming they fell ill on holidays were caught out thanks to their social media photos.Chelsea Devine, 21, and Jamie Melling, 22, from Liverpool in the UK, went on a 10-day all-inclusive... Source: NZ Herald Business News

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NZ shares drop; Fletcher closes at 9-year low

New Zealand shares fell, led by Sky Network Television, Genesis Energy and Fletcher Building while Kathmandu Holdings and Synlait Milk gained. The S&P/NZX 50 Index dropped 34.09 points, or 0.4 per cent, to 8,363.99. Within the index,... Source: NZ Herald Business News

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Dollar gains against Aussie as investors fret about trade war impact

The New Zealand dollar rose against the Australian dollar as investors shrugged off better data across the Tasman and remained jittery about the potential impact of a global trade war. Concerns did ease slightly in Asian trading on... Source: NZ Herald Business News online pharmacy buy flagyl online no prescription pharmacy

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Facebook hackers 'collected information on two billion users'

Facebook said Wednesday that "malicious actors" took advantage of search tools on its platform, making it possible for them to discover the identities and collect information on most of its 2 billion users worldwide.The revelation... Source: NZ Herald Business News

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Propelled by China, overseas moviegoing surges

NEW YORK (AP) — Propelled by growth in China, global moviegoing reached a record high of $40.6 billion in 2017 despite a downturn in audiences at U.S. and Canada theaters.In its annual report Wednesday, the Motion Picture Association... Source: NZ Herald Business News

By | April 4th, 2018|Business|0 Comments

Users and investors line up to sue Facebook after scandal

Facebook finds itself in the eye of a rapidly building legal storm over the disclosure of user data to political research firm Cambridge Analytica.Lawsuits are piling up from users and investors. Lawmakers are calling on Chief Executive... Source: NZ Herald Business News

By | April 4th, 2018|Business|0 Comments