Business Hall of Fame: Bernie and Kaye Crosby

Bernie and Kaye Crosby, founders of the multi-million-dollar Waikato-based international company Prolife Foods, have been inducted into the New Zealand Business Hall of Fame.The pair has come a long way since starting out in a garage... Source: NZ Herald Business News

By | July 27th, 2019|Business|0 Comments

The dark truth behind Instagram's 'likes' ban

The reason Instagram is hiding how many "likes" a post gets is not connected with mental health of users, an expert claims, but rather to boost profit.The US social media giant, owned by Facebook, last week rolled out the test in... Source: NZ Herald Business News

By | July 27th, 2019|Business|0 Comments

'Something has to give': Chef claims most restaurants 'aren't making any money' on UberEats and Deliveroo

UberEats and Deliveroo are eating so much of restaurant profits that most "aren't making any money" and "something has to give". The cafe owner who helped spearhead UberEats' launch in Sydney three years ago has warned that more... Source: NZ Herald Business News

By | July 27th, 2019|Business|0 Comments

US presses WTO to stop lenient trade treatment of China

The Trump administration opened a new front in its quest to reform the global trade system on Friday by demanding that the World Trade Organisation update its definitions of "developing country" status and remove the favourable treatment... Source: NZ Herald Business News

By | July 27th, 2019|Business|0 Comments

Signs of trouble at Donald Trump's golf courses

President Donald Trump's company posted annual losses at his golf course in the Bronx for the first time since it opened four years ago as expenses rose, greens fees barely budged and the opening of a clubhouse was delayed.The US$122,127... Source: NZ Herald Business News

By | July 27th, 2019|Business|0 Comments

How Longevity App founder turned $62 into $330,000

Carla Harris is on a mission to change how much cash Australians have in their bank accounts.She knows she can't change the gender pay gap overnight, but she also wants to really help women grow their wealth — even when they only... Source: NZ Herald Business News

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

10,000 crypto owners face paying back taxes, penalties

The Internal Revenue Service is warning more than 10,000 holders of cryptocurrency that they may be subject to penalties for skirting taxes on their virtual investments.The IRS has begun sending letters to taxpayers who potentially... Source: NZ Herald Business News

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

Finance Minister Grant Robertson urges changes in public finance system

Finance Minister Grant Robertson says it is time to bring the Public Finance Act into the 21st century and that could mean government agencies being less risk averse than they are.It could also mean them ditching waffly strategic... Source: NZ Herald Business News

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

Metroglass shareholders query Australian division, executive pay

Metro Performance Glass chair Peter Griffiths was forced to again defend the company's position in Australia after giving lacklustre earnings guidance for the 2020 financial year. The company, which makes 80 per cent of its revenue... Source: NZ Herald Business News

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

NZ shares fall as investors remain wary of Sky TV

New Zealand shares fell, led lower by Sky Network Television, as investors remain wary of the pay-TV operator's plans to get into online streaming. A2 Milk's sheen also came off in a regional sell-off. The S&P/NZX 50 Index dropped... Source: NZ Herald Business News

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