SPONSORED
Elevate Magazine

Archives: News

Explore our coverage of New Zealand and World politics, economics, business and culture.

kmart nz approaches $1 billion revenue (1)

Kmart NZ approaches $1 billion revenue

Kmart's New Zealand operation is on the verge of a major milestone, with its revenue nearing the $1 billion mark....

By Leenah-Leen Arandia | 27 Nov 2024 | 1 min read
solarzero enters liquidation

SolarZero enters liquidation

Solar power company SolarZero has entered liquidation. The decision comes after the company faced unsustainable operating losses and liquidity constraints,...

By Leenah-Leen Arandia | 27 Nov 2024 | 2 min read
new tariffs on canada, mexico, china loom under trump

New tariffs on Canada, Mexico, China loom under Trump

Photo source: FMT President-elect Donald Trump has announced a bold economic strategy that includes substantial tariffs on imports from Canada, Mexico,...

By Mike Jerome Infante | 27 Nov 2024 | 3 min read
ocr

Reserve Bank cuts OCR to 4.25%

The Reserve Bank of New Zealand (RBNZ) has reduced the Official Cash Rate (OCR) by 50 basis points to 4.25%...

By Leenah-Leen Arandia | 27 Nov 2024 | 2 min read
italian startup volta raises record €6 million pre seed round for b2b saas platform

Italian startup Volta raises record €6 million pre-seed round for B2B SaaS platform

Photo source: Vestbee Volta, a newly established startup operating from dual headquarters in Milan and Paris, has successfully raised €6 million...

By Mike Jerome Infante | 27 Nov 2024 | 3 min read
housing market optimism rises, rapid recovery unlikely, asb survey reveals

Housing market optimism rises, rapid recovery unlikely, ASB survey reveals

Kiwis are experiencing a shift in sentiment regarding the housing market, according to ASB's latest Housing Confidence Survey. The survey...

By Leenah-Leen Arandia | 27 Nov 2024 | 2 min read
gas supply shrinkage sparks suburban shortage fears

Shrinking gas supply fuels suburban shortage concerns

Auckland's electricity and gas network company, Vector, has issued a stark warning regarding potential gas supply shortages in certain suburbs....

By Leenah-Leen Arandia | 26 Nov 2024 | 2 min read
new zealand

Government invites regions to collaborate on economic growth plan

Local Government Minister Simeon Brown announced on November 21 that the government has invited all regions to submit proposals and...

By Leenah-Leen Arandia | 26 Nov 2024 | 3 min read
anthropic secures additional $4 billion funding from amazon

Anthropic secures additional $4 billion funding from Amazon

Photo source: FMT Amazon has announced an additional investment of USD$4 billion in Anthropic, an artificial intelligence startup founded by former...

By Mike Jerome Infante | 26 Nov 2024 | 2 min read
samsung electronics chief could face harsh penalty amid corporate scandal

Samsung Electronics chief could face harsh penalty amid corporate scandal

Photo source: FMT South Korean prosecutors have requested a five-year prison term along with a fine of 500 million KRW (approximately...

By Mike Jerome Infante | 26 Nov 2024 | 3 min read
parmesan cheese

Fonterra prevails in Parmesan translation case in Singapore

Fonterra Co-operative Group has secured a legal victory in Singapore, affirming that the term Parmesan cheese does not equate to...

By Leenah-Leen Arandia | 26 Nov 2024 | 3 min read
siri set for major upgrade as apple integrates llms

Siri set for major upgrade as Apple integrates LLMs

Photo source: GoodFon Apple is reportedly developing a more conversational iteration of its Siri digital assistant by integrating large language models...

By Mike Jerome Infante | 25 Nov 2024 | 2 min read
christchurch entrepreneur brings freedom boat club to nz

Christchurch entrepreneur brings Freedom Boat Club to NZ

Photo source: Freedom Boat Club Christchurch businessman Scott Williamson has secured the rights to bring the global boat hire company Freedom...

By Leenah-Leen Arandia | 25 Nov 2024 | 2 min read
linkedin co founder sounds alarm on tech industry under trump

LinkedIn co-founder sounds alarm on tech industry under Trump

Photo source: Flickr Reid Hoffman, the co-founder of LinkedIn and Inflection AI, expressed his views on the forthcoming Trump administration in...

By Mike Jerome Infante | 25 Nov 2024 | 3 min read
openai grants funding for ethical ai research

OpenAI grants funding for ethical AI research

Photo source: Flickr OpenAI is financing research focused on the development of algorithms that can anticipate human moral judgments. The funding...

By Mike Jerome Infante | 25 Nov 2024 | 3 min read
survey reveals economic optimism among company directors

Survey reveals economic optimism among company directors

The 2024 Director Sentiment Survey, a survey conducted by the Institute of Directors (IoD) and ASB, revealed an increase in...

By Leenah-Leen Arandia | 25 Nov 2024 | 3 min read
Subscribe for weekly news

Subscribe For Weekly News

* indicates required