Thursday, 28 Nov 2024

Business

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AstraZeneca’s Covid-19 vaccine has generated $275 million in sales so far this year.

By Rebecca Robbins The Covid-19 vaccine developed by AstraZeneca and the University of Oxford brought in $275 million in sales from about 68 million doses delivered in the first three months of this year, AstraZeneca reported on Friday. AstraZeneca disclosed the figure, most of which came from sales in Europe, as it reported its first-quarter […]

Opinion: Elon Musk’s SpaceX is seizing power in space with satellites

OPINION: If you have spotted mysterious objects in the sky recently, you are not alone. Reports of unidentified flying objects in the US increased by 1,000 last year, although many of those UFOs turned out to have been aircraft, drones and satellites. There are a lot of the latter floating around. Elon Musk added even […]

Market close: NZ sharemarket ‘treading water’ as it awaits company results

The New Zealand sharemarket ended the week on a quiet note and a small gain, with one fund managing saying “it is treading water awaiting the latest mini-reporting season.” The S&P/NZX 50 Index edged ahead 15.92 points or 0.13 per cent to 12,731.13, after falling to an intraday low of 12,661.10. There were 66 gainers […]

Asian shares slip but economic optimism keeps world shares near record high

TOKYO (Reuters) – Asian shares slipped on Friday but world stocks held near a record high after strong U.S. economic data and the Federal Reserve’s commitment to continue supporting the economy fuelled investors’ appetite for risk.FILE PHOTO: A man stands in front of a screen displaying Nikkei share average and the world’s stock indexes outside […]

Business Hub: Ian McCrae on Orion Health’s return to profit and a $135m US deal

Many businesses have been laid low by the pandemic. But for Auckland software company Orion Healthcare, it’s helped fuel a renaissance. Founder, chief executive and owner Ian McCrae says Orion has just made an annual profit of around $5 million. Revenue is undisclosed, but it increased by about 10 per cent. Read More Ex-All White […]

Alice Temperley Restructures Brand, Puts Focus on D-to-c, Sustainability

LONDON — Alice Temperley has placed her business into administration, restructured and formed a new company as she looks to make a fresh start in the wake of the COVID-19 pandemic. The new business, known as Temperley Holdings Ltd., will have a “more streamlined and focused business model” with an accent on direct-to-consumer sales, social […]

Wall Street ends lower after Fed holds steady on rates

(Reuters) – Wall Street ended lower on Wednesday after the U.S. Federal Reserve held interest rates and its monthly bond-buying program steady and gave no sign it was ready to reduce its support for the recovery.FILE PHOTO: A man walks by the Federal Reserve Bank of New York Building in New York City, U.S., April […]

U.S. goods trade deficit hits record high in March

WASHINGTON (Reuters) – The U.S. trade deficit in goods jumped to a record high in March, suggesting trade was a drag on economic growth in the first quarter, but that was likely offset by robust domestic demand amid massive government aid and easing pandemic stress.FILE PHOTO: Shipping containers are unloaded from ships at a container […]

Edited Acquires Internal Retail Data Firm DynamicAction

Retail market intelligence provider Edited has acquired DynamicAction, the internal retail analytics company, for an undisclosed sum. The acquisition comes as retailers and brands expand e-commerce capabilities and use internal and external market data to inform business and merchandising decisions. “Together, [Edited and DynamicAction] close the loop between information and action, and equip retailers with […]