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28 Apr 2024

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Commerce Commission accuses Air NZ of being part of cartel
The Commerce Commission is taking Air New Zealand to court for what it calls a "conspiracy" that seriously damaged the economy.

Telstra shut out of broadband tender process
An astonishing decision today saw Telstra being excluded from Australia's National Broadband Network tender process.

Air NZ says Commerce Commission 'grandstanding' in $2.9bn cartel case
Air NZ has come out swinging at charges it was part of a $2.9 billion price fixing cartel that jacked up air cargo charges for New Zealand's exporters and importers, accusing the Commmerce Commission of 'grandstanding'. The commission...

The art of keeping it simple

UK tech company 'Huddle' expands in unlikely times
In November, Huddle became the only non-US company chosen as a collaboration application by the professional networking site LinkedIn.

Personal bankruptcies up 25 pc
The number of individuals filing for bankruptcy in 2008 has jumped 25 percent from last year, credit agency Veda Advantage says.

Air NZ in price-fixing cartel, says Commerce Commission
Air NZ, along with 12 other airlines is being accused of being part of a global price-fixing cartel which jacked up cargo charges for New Zealand importers and exporters. Competition regulator the Commerce Commission announced...

Fed ready to slash key interest rate
With the country spiralling deeper into recession, the Federal Reserve is ready to slash its key interest rate - perhaps to an all-time low- in hopes of cushioning some of the economic fallout felt by many struggling Americans.

White House assessing options to aid carmakers
The White House weighed its options Saturday (US time) for preventing a collapse of the troubled auto industry, once the backbone of the US economy.

The latest Wall Street drama
Sargon Elias of CMC Markets discusses the latest drama on Wall Street - the big fraud case and the auto bail out prospects.

Govt's redundancy package aimed at lower, middle income earners
The Government has outlined details of its relief package for those Kiwis who lose their jobs because of the economic recession. It is worth $52 million over two years, based on an estimated 70,000 people losing their jobs and needing help.

Investors duped in record $91b fraud stream forward
NEW YORK - From a Jewish youth charity in Boston to major banks as far afield as Zurich, the list of investors who say they were duped in one of Wall Street's biggest Ponzi schemes are streaming forward. Around the world, investors...

$US50 billion at stake following massive fraud scheme
Stunned investors are still wondering if anything is left of the billions they invested in the Wall Street firm of Bernard Madoff. The collapse of the high rolling firm is another blow to the shaky financial system.

Stink costs 160 Waikato jobs
More than 160 workers at NZ Mushrooms in Morrinsville will lose their jobs after the company announced it was closing its Waikato operation.

Air NZ in cartel probe
The country's competition watchdog is accusing a number of airlines including Air New Zealand and Qantas of "extensive and long-term cartel activity" in the air cargo market.

Economist: Meltdown 'worst financial event since the depression'
The media is chock-full of gloomy news, grim outlooks and plain depressing commentary about the extent of the current financial crisis. One could say that reporting all the doom and gloom has become a self fulfilling prophecy.

Banks face tough times in global gloom
The country's banks are facing tough times too.