Nvidia’s Grip on the AI Chip Business Is Strong, but How Long Can Its Dominance Last?
The large contracts won recently by the likes of AMD and Broadcom suggest that they can capture a…
HelloFresh profit plunges 84% as revenue drops amid customer fallout
Back in 2021, the business reported a net profit of $13.6m, representing a fall of 97% in just…
Two Tairāwhiti-based businesses enter liquidation, allegedly owing hundreds of thousands in tax
The only creditor listed is IRD, which is claiming $158,324.58 as a preferential unsecured creditor and $333,920.54 as…
Wairoa restaurant Gemmells continues in new hands as former owner placed in liquidation
“I don’t want to give up on my team, my friends and my community. I want to be…
Plant-based food firm Grater Goods goes into liquidation with debts owed to ASB Bank and Inland Revenue
After seeking professional advice, Grater decided to put the company into voluntary liquidation. It had 11 shareholders at…
Allbirds faces tough turnaround as sales slide and cash reserves drop
“At the same time, we are taking definitive steps to further reduce costs, enhance liquidity, and pursue value-creating…
$20b milestone: Kiwi tech firms enjoy another boom year, but local jobs fall sharply – Tin200 report
“The decline in the NZ dollar against the US dollar is helping offset some of the disruption in…
Downer New Zealand makes $2.5b revenue, profit up 247% after expenses fall
All up, expenses were down from $2.6b to $2.4b. In May, Hawkins was ranked the country’s busiest builder.…
Perplexity’s Investor Demand Shows Just How Wild the AI Bubble Has Become
In the new AI gold rush, startups aren’t raising money every year; they’re raising massive rounds every month.…
New Zealand’s Wegovy and Ozempic alternative Calocurb says it’ll double its business with new US deal
The CRI approached supplement industry veteran Sarah Kennedy, who in 2021 formed Calocurb to commercialise the product. Kennedy’s…
These states won’t tax retirement income
Some retirees will find themselves living in much more tax-friendly states than others. Stefon Walters | The Motley…
Apple’s NZ operation returns to growth in a recession-hit market
Apple does have boots on the ground in Auckland, but with a focus on firmware and engineering roles…