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1 Nov 2024

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Commerce Commission takes Winstone Wallboards to court over anti-competitive behaviour
The Commerce Commission says Winstone Wallboards use of rebates in supply agreements with building supplies merchants breached the Commerce Act.

F1 star Liam Lawson: ‘I’m not here to make friends’
Kiwi Formula 1 driver says he’s “not here to make friends” after ruffling the feathers of veterans Sergio Perez and Fernando Alonso.

Mike King was trying to make a valid point about alcohol, mental health boss says
Mental Health Foundation chief executive Shaun Robinson says King was wrong to say alcohol wasn’t a risk factor for suicide, but there is some truth in what he said.

Squid Game champion returns in season 2 trailer
The new season follows Gi-hun as he tries to expose the games' secrets, three years after his narrow escape.

Interest rate warning from country's biggest bank ANZ
When interest rates are falling, paying more now in order to fix for a cheaper, longer rate in future has some merit, ANZ economists say.

What are the best fruit and vege to buy this week?
First Up's "Minister of Fruit and Veggies" says New Zealand Encore mandarins are the fruit of the week.

Intel lost more money than it made last quarter
We knew Intel’s quarterly financial results weren’t going to be great, after the company announced a restructuring plan. But when you lose $16.6 billion in a quarter where you made $13.3 billion in revenue, it’s tough to see everything through rose-tinged glasses. The good news? Intel appears to have pleased investors, as its financial outlook is expected to outperform what Wall Street had hoped for. In August, Intel said it would lay off thousands of employees while restructuring the company to cut expenses by $10 billion. Most of the loss is attributable to accountants sloshing red ink over all of the company’s papers: $2.8 billion in restructuring charges and $15.9 billion in depreciation charges, including equipment attached to its Intel 7 manufacturing process. If you look at so-called “non-GAAP” numbers, the company lost $2 billion for the third quarter of 2024. The division that enthusiasts care about, the Client Computing Group, recorded $7.3 billion in revenue, down 7 percent. “Intel continues to lead the AI PC category and is on track to ship more than 100 million AI PCs by the end of 2025,” the company said. Intel chief executive Pat Gelsinger said in a statement that the company is making “solid progress” against its plan and that its 18A manufacturing process, part of the company’s efforts to woo customers to its foundry business, is attracting “strong interest.” Intel’s stock soared after hours, however, because the company expects fourth quarter revenue to be up, between $13.3 billion and $14.3 billion. That’s more than it made in the third quarter, more than Wall Street expected, and apparently signals a return to a healthier Intel and PC market.

Russia fines Google $20,000,000,000,000,000,000,000,000,000,000,000
It's than the entire world's GDP.

Watch live: Christopher Luxon speaks after Mike King's controversial comments
Christopher Luxon is speaking to media in Auckland.

Chatham Islands-born rugby star scores Hurricanes contract
Tjay Clarke was a standout performer during Wellington’s NPC championship victory.

Live: Polkinghorne gets 150 hours community work for drug offences
Judge says eye doctor’s wealth means a fine would not be appropriate for the meth offending.

Auckland mother dies while waiting for life-extending cancer drug to be funded
The drug will now be funded by Pharmac for specific types of advanced bowel cancer.

From Black Ferns to Fetu Samoa: Niall Williams-Guthrie's embraces heritage to inspire new generation
Niall Williams-Guthrie is back on home soil, but this time in Fetu Samoa colours: "It's OK to choose our smaller nations over the more established nations".

Drop in meat processing affecting NZ's red-meat exports
Meat Industry Association data shows $564 million of red-meat was exported in September - eight per cent less than September last year.