Yoyoso parent Acecco in receivership with $11.6m debts, repayments unlikely
Acecco Holding is also a 51% shareholder of Beautylife Electronics NZ, which has so far not been affected…
Bad service: Developers chased for $4.8m get judgment set aside
Xceda filed proceedings against a number of parties – including Wigmore and Bublitz – in December 2023. In…
Invercargill councillors reject claims they failed former Mayor Tim Shadbolt
She described his final term as mayor – from 2019-22 – as truly awful and detailed accusations she…
Elon Musk’s Grok AI chatbot under fire over sexualised images despite new limits
Keir Starmer’s office said simply restricting access to the chatbot visualisation feature was “insulting” to victims of abuse.…
Rakon takeover bid fails to lift NZ sharemarket – Market close
They again had a record close with the Dow gaining 0.48% to 49,504.7 points and the S&P 500…
$356m Rakon takeover bid ‘seems solid, main hurdle gone’ – NZ Shareholders’ Association
The US firm said it would make a formal offer within 20 working days and will be subject…
Failed property developer Ritesh Mani must pay $750,000 to supplier, court orders
Fletcher has now sought a court order that Mani must pay his debt with the company as previously…
Teen Mercedes drink-driver who caused five-car crash fails appeal
Nanedo’s car started rotating, travelling onto the wrong side of the road and crashing head-on into “yet another…
IRD failed to report alleged kidnapping of $3m ‘money mule’ victim to police in ‘textbook example’ of poor information-sharing between agencies
Inland Revenue failed to alert the police about the alleged violent kidnapping of a whistleblower after he threatened…
Businesswoman Sneha Patel exploited workers, failed to pay $50k in wages, entitlements
Over eight months in 2018, she hired the victims, who either had temporary work visas or no visa…
Alice Robinson wins first super-G World Cup event in St Moritz
“I always felt like I was holding back in Super G a bit [before], but not a part…
Du Val property sales will not cover mortgages – PwC
Commercial flooring firm Lovich Floors was one of around 60 subcontractors owed money for work on Du Val…