Thursday, 28 Nov 2024

Business

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McDonald’s shareholder meeting will feature a clash over board seats.

By Julie Creswell Despite posting robust revenue and earnings during the pandemic of the past year, executives at McDonald’s are likely to face tough questions at Thursday’s annual shareholder meeting from critics who believed they mishandled the dismissal of the former chief executive Steve Easterbrook. On Wednesday, the institutional investor Neuberger Berman became the latest […]

Wall Street falls for third day on inflation jitters ahead of Fed minutes

(Reuters) – Wall Street’s main indexes fell for the third straight session on Wednesday, as investors dumped riskier assets on fears that rising inflation could force the U.S. Federal Reserve to pare back its support soon.FILE PHOTO: People are seen on Wall Street outside the New York Stock Exchange (NYSE) in New York City, U.S., […]

DHB attack: Why Justice Minister Kris Faafoi won’t make it illegal to pay a cyber-ransom

As the Waikato DHB cancels surgeries in the wake of a ransomware attack, Justice Minister Kris Faafoi has ruled out a law change to make it illegal to pay cyber-extortionists. Cyber-security experts and tech commentators, including Emsisoft threat-assessment analyst Brett Callow and Herald commentator Juha Saarinen, say the only way to stop escalating ransomware attacks […]

Opinion: There are reasons to worry about US inflation

OPINION: The jump in US annual consumer price inflation to 4.2 per cent reported last week was a shock. But was it a good reason to panic? Not obviously, since special factors can explain it. It was ever thus: when inflation starts to rise, special factors can always explain it. But in truth the big […]

Asian shares slip, bitcoin tumbles as inflation worries linger

TOKYO (Reuters) – Asian stocks dipped and cryptocurrencies extended losses on Wednesday as uncertainties over inflation prompted investors to reduce exposure to riskier assets for now.FILE PHOTO: A man walks past a stock quotation board at a brokerage in Tokyo, Japan February 26, 2021. REUTERS/Kim Kyung-HoonAlso weighing on digital coins was a new Chinese ban […]

Real Estate Authority warns about cold-calling agents and homeowners: Beware

The state agency responsible for real estate agents is warning those who cold-call homeowners about the need to comply with the law. Belinda Moffat, Real Estate Authority chief executive, said inquiries and complaints had been made about this issue. Low sales volumes were probably partly responsible for agents directly approaching people who did not have […]

Richard Prebble: Fair Pay Agreements – compulsory unionism by stealth

OPINION: The Government is taking us back 127 years to 1894 when the Liberal government introduced compulsory arbitration. Centralise and control. This Government’s answer to everything. The proposed Fair Pay Agreements (FPA) is centralised wage fixing. The Minister for Workplace Relations, Michael Wood, in his Cabinet paper says: “Where mediation was not successful, parties could […]