News

What you need to know about Andy Jassy, Amazon’s Next CEO

American multinational technology company Amazon is undergoing a major transformation, as Founder Jeff Bezos is all set to step down as the CEO after...

Construction sector in the driver’s seat as employment rises in NZ

Labour market is slowly coming out of the shadow of COVID-19 pandemic. Employment is seen picking up in New Zealand as the unemployment rates dropped...

Why NZ’s Q4 2020 new home approvals are in record numbers

Residential construction continues to be on a rise. New homes consented reached a record high in Q4 of 2020. As per Stats NZ, 11,291 new homes were c...

Wall Street rally continues on strong corporate earnings 

The major Wall Street equity indices extended their rally to the third consecutive day on Wednesday on strong corporate earnings and better-than-expec...

Spacex‘S Starship Explodes During Second Test Flight Landing, FAA To...

  Elon Musk’s private space company SpaceX’s next-generation Starship rocket -- Starship prototype Serial Number 9 (SN9) -- though l...

Global tech tax: EU officials join US counterparts for early rollout...

A global tech tax is in the works, which means tech giants around the world will be hit with higher taxes, after the European Union officials had a de...

Hormel is eyeing to buy Kraft Heinz’s brand Planters 

  The Kraft Heinz Company (NASDAQ: KHC) is in talks with Hormel Foods Corporation (NYSE: HRL) to sell its Planter...

Exxon Mobil Shifts Gears to Clean Technologies Amid Investors’ Press...

US oil and gas giant Exxon Mobil announced a new business venture called ExxonMobil Low Carbon Solutions focusing on low-emission technologies. The co...

T-Mobile Finalises Price to Buy Shentel Wireless Business

Mobile telecom company T-Mobile has finally settled upon a price with Shentel or Shenandoah Telecommunications Company to purchase its wireless assets...

Pfizer-BioNTech vaccine gets Medsafe’s go-ahead for roll-out in New...

New Zealand’s medicine regulator Medsafe Wednesday gave provisional approval to roll-out the Pfizer/BioNTech vaccine but the date of arrival of...

Buying frenzy cools off; is there any steam left in GameStop short s...

The rally in GameStop has probably come to an end as the share price tanked by a massive 60 per cent on Tuesday and closed the session at US$90. The u...

Myanmar Coup Explained: Here’s What Exactly Happened

The reports of an unfolding military coup in Myanmar have shocked the world. The military has reportedly detained National League for Democracy (NLD)...

Who is replacing Jeff Bezos as Amazon CEO?

Even before coronavirus pandemic, Amazon CEO Jeff Bezos had lowered his participation in the company's day-to-day operations. On Tuesday, Amazon annou...

Why private house approval hit a new high in December 2020

The private sector house approvals surged for the sixth straight month in December and hit a record high amid robust demand due to stimulus measures a...

Oil Giant BP Posts Dismal Annual Performance; Q4 Numbers Improve

 Global oil & gas trading giant British Petroleum (BP) has announced the fourth-quarter and full-year 2020 results. The Company registered a...

Apple Taps Bond Market for the Third Time Amidst Aggressive Share Bu...

Apple Inc plans to sell USD 14 billion worth of bonds in order to take advantage of the current cheap borrowing cost, tapping the market for the third...

Will tough times force oil majors ExxonMobil and Chevron into a merg...

The crude oil prices' dismal situation during the peak of COVID-19 got the chief executives of two major oil companies ExxonMobil (NYSE:XOM)&nbsp...

US stocks extend gains after GameStop reversal continues

Extending gains to the second straight day, the US stocks jumped on Tuesday after a sharp reversal in GameStop’s stock value continued. The mani...

Wheels Up eyes NYSE with enterprise value of $2.1 billion

  Wheels Up, the New York-headquartered private aviation firm, has been eyeing to list on the New York Stock Exchange (NYSE) with the company no...

NZ government decides to remove hazardous material from Mataura ware...

In a significant move and after prolonged discussions, the NZ Government has decided that tonnes of hazardous material lying in Mataura warehouse be m...