While many with money would want to shift and move to stay in New Zealand, the current novel coornavirus pandemic and strict rules about who can buy property there currently prevents most from settling in the country. However, if one has $11.6m in their pockets and is willing to become the sheriff of a wild…
Virgin Australia, the airline that went into administration about two month ago, now has a new owner. The United States private equity firm Bain Capital has been selected by the administrators to take over the carrier. The administrators however did not disclose any details of the deal. Another bidder for the collapsed airlines was Cyrus…
Alphabet’s Google has agreed to pay more for high-quality content to some media groups in Australia, Brazil and Germany and expects that it will strike more deals, in a move that is being seen as a step forward at resolving the issue that the tech giant has with publishers. The company has however said that…
A couple of days after the arrest of its ousted CEO, the payments giant Wirecard collapsed on Thursday with a debt to creditors worth almost $4 billion. The company had disclosed earlier this month a shortfall in its books which, according to its auditor EY, was the outcome of a sophisticated global fraud. Filing for…
A law suit launched against Renault and Nissan has alleged that up to about 1.4 million vehicles of the companies that had been sold in Britain were potentially equipped with illegal defeat devices. The listed vehicle models as mentioned in the law suit includes a petrol-powered version of Nissan Qashqai which is one of the…
An almost 15 year dependency on Intel Corp over supplying of processors for its flagship laptops and desktop was ended by Apple Inc on Monday when it announced that the company would be using its own chips for its Mac computers. This development marked the beginning of a major new era for a product line…
An extension of a halt in issuing of green cards as well as a suspension of visas for foreign workers being allowed in the United States till 2020 announced by President Donald Trump. The new visa policy announced by Trump is expected to affect a high-skilled tech workers, non-agricultural seasonal helpers, au pairs and top…
SoftBank has now kick started its program for sale of assets as the Japanese firm has announced earlier, as the firm started offloading its stake in T-Mobile. The plans of the Japanese tech conglomerate is to sell off more than 198 million shares of stocks of T-Mobile with is worth a total of $21 billion,…
Starting with a fashion show in Italy in July, all of the scheduled fashion shows for this calendar year would be pushed to be concluded by the French luxury label Christian Dior. However the brand also made it clear that the coveted front row of those shows would empty which means that A-listers of the…
Microsoft has supported the calls for conducting an antitrust investigation into the alleged monopolistic practices at App Store which has put more pressure on Apple. Earlier this month, the policy of Apple to take a 30 per cent cut from antitrust investigation that the iPhone maker takes to allow the developers to sell their products…
