NZCity NewsLinks -

All Links

24 Jan 2019

Search

Huawei announces 5G smartphone based on own technology
BEIJING (AP) — Chinese tech giant Huawei announced plans Wednesday to release a next-generation smartphone based on its own technology instead of U.S. components, stepping up efforts to compete with Western industry leaders in the...

Company behind Christchurch strip club faces liquidation over unpaid tax bills
The company behind Christchurch's only strip club faces going bust after failing to pay the government tens of thousands of dollars in tax.

No room for individual contracts in Fair Pay Agreement proposals
Industries covered by the government's proposed nationwide Fair Pay Agreements will not be permitted to employ staff on individual contracts except in a few, temporary circumstances, according to reports leaking from the recommendations...

Renault board meeting to replace boss Ghosn, jailed in Japan
PARIS (AP) — The board of French carmaker Renault SA plans to meet to choose new leadership to replace auto industry powerhouse Carlos Ghosn, who is fighting fraud and breach of trust charges in Japan.The board meeting Thursday...

Kiwibuild: 47 complete, 236 under construction
Kiwibuild has updated its progress after the Government admitted yesterday it will fall well short of its initial target of building 1000 homes by July this year.Latest figures show 47 homes have been completed under the scheme...

Government shutdown poses increasing risk to wider economy
WASHINGTON (AP) — At this time of year, John Sprinkle and his wife would normally be planning their summer vacation. Not now. Sprinkle, a furloughed federal employee, is about to miss his second paycheck since the partial government...

NZ dollar stalls after NAB raises mortgage rates
The New Zealand dollar is little changed, dragged off its highs after National Australia Bank said it will be raising interest rates on its mortgage products by between 12 and 15 basis points to respond to sustained increases in funding costs there

Cut price fuel supplier Waitomo announces first Wellington site in Upper Hutt
Hutt Valley motorists look set to get some relief at the petrol pump ahead of their Wellington counterparts

Eden Park annual report reveals ASB Bank's refusal to extend $40m loan
Eden Park Trust failed in a bid to extend a $40 million loan because Auckland Council refused to further its guarantee of the credit.

Australian businesses urged to cut power to avoid blackouts
Some businesses in Australia have been asked to power down on Thursday to help Victoria and South Australia avoid potential blackouts.

Votes on Senate bills seen as progress even if they fail
WASHINGTON (AP) — The Senate is taking a new approach to ending the partial government shutdown by actually taking votes instead of just pointing fingers.But competing bills appear likely to fail Thursday, caught in a poisonous...

Window on NZ economy set to open with the start of the reporting season
Awindow into the inner workings of the economy will open over the next few weeks when a slew of mostly interim company results hits the market.Retirement village company Oceania is set to get the ball rolling today with its first-half...

Pushpay Holdings leads NZ shares higher
New Zealand shares inched higher but trading was mixed on concerns that US economic growth will take a hit from the longest-ever government shutdown and as investors pared back expectations of a New Zealand rate cut.The S&P/NZX...

BuzzFeed, HuffPost announce layoffs as digital media feels the pinch
BuzzFeed, the progenitor of both serious news and viral listicles and quizzes, will lay off about 15 per cent of its staff in the latest sign of financial turbulence for once-highflying digital-media outlets.People at the New York-based...

Chefs and truck drivers beware: AI is coming for your jobs
Robots aren't replacing everyone, but a quarter of U.S. jobs will be severely disrupted as artificial intelligence accelerates the automation of existing work, according to a new Brookings Institution report.The report, published...

Q&A: How new law, gov't shutdown can impact tax season
Tax season is almost here and this one could be tricky.It's the first year that taxpayers will be filing under the massive tax law overhaul pushed through by the Trump administration. And a month-long partial shutdown of the federal...