<p>A staggering 3.5 billion New Zealand dollars – that’s the scale of the bet being placed on Southland, transforming the region from a rural agricultural heartland into a potential global AI powerhouse. The approval of Datagrid’s $5.1 billion AI ‘factory’ and the associated trans-Tasman cable isn’t just a local story; it’s a bellwether for how … Read more
A staggering 90% of New Zealand’s grocery market is controlled by just two major players – Foodstuffs and Countdown. This concentrated power is now under intense scrutiny as Foodstuffs launches a High Court appeal against the Commerce Commission’s decision to block its proposed merger with another cooperative. This isn’t simply a legal battle; it’s a … Read more
West Auckland Internet Restored After Major Fibre Outage Impacts Thousands A significant internet outage affecting approximately 7,500 homes and businesses in West Auckland has been resolved, restoring connectivity for residents and businesses. The disruption, which began on Tuesday, left many unable to access essential online services, impacting work, education, and communication. Chorus, the network infrastructure … Read more
US Firm Bourns Pursues $356 Million Takeover of New Zealand’s Rakon A Californian-based technology company, Bourns, has launched a NZ$356 million (approximately US$220 million) bid to acquire Rakon Limited, a leading New Zealand manufacturer of crystal oscillators and frequency control products. The offer, announced this week, signals a significant move in the global high-tech manufacturing … Read more
Data Breach at ManageMyHealth: What You Need to Know A significant data breach affecting ManageMyHealth, a widely used online health portal in New Zealand, has prompted a swift response from Health New Zealand (Te Whatu Ora). The incident, revealed on December 18th, 2023, has raised concerns about the security of sensitive patient information and triggered … Read more