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Services sector kick start outlined
Productivity Commission extols more competition and adopting cloud computing.
Productivity Commission extols more competition and adopting cloud computing.
Internet companies will enjoy a reduction in some of their wholesale costs in December but aren't committed to passing on these savings directly to consumers then.
A South Dunedin man is calling for more support for people trying to start their own businesses.
A Swiss air freight company has been penalised $3.1 million by a NZ judge for being part of a "classic hard-core cartel" that used gardening codewords to try disguise itself.
The Commerce Commission and Swiss air freight company Kuehne + Nagel have agreed it should be penalised $3.1m for "hardcore cartel conduct" deliberately hidden using gardening codewords and ran for five years, the High
Wood products group Carter Holt Harvey has been slammed with a $1.85m fine for price fixing after admitting its part in anti-competitive activity.
Labour MP Shane Jones says he feels vindicated by the Commerce Commission's decision to formally investigate allegations he has made.
Labour MP Shane Jones uses parliamentary privilege to slam extortion and "dingo culture" of Australian supermarket chains. But Countdown head rejects claims.
Vodafone has settled a case with the Commerce Commission and paid out almost $270,000 to 11,000 customers who signed up to a mobile broadband promotion.
Slingshot marketers used login codes to access a Telecom database to improperly switch over customers without their consent.
A full report on how internet price cuts will affect Chorus' ability to complete its leg of the ultra-fast broadband scheme will be released next week.
Chorus' reputation and NZ's as a place to invest has been "severely tarnished", the embattled infrastructure company's chairwoman has told shareholders.
NZ can look forward to cheaper broadband or higher data caps after National was yesterday left with no mates in Parliament to support its proposal to override price cuts.
Communications Minister Amy Adams has hired Ernst & Young Australia to investigate Chorus's financial position after the Commerce Commission ordered price cuts to the network operator's copper lines.
Chorus is trailing behind other ultra-fast broadband network builders in speed tests, says TrueNet.
Liam Dann asks, "Has the Government lost its mojo? It is dealing with the broadband pricing issue the way my 5-year-old removes a Band-Aid - slowly and painfully."
Chorus shares have kept tumbling this morning, falling 10 per cent in early trading.
Internet company CallPlus has launched court action to stop a Government review that proposes to override the Commerce Commission and directly set broadband prices.
Telecommunications company Chorus's $95 million payout to investors is being questioned after the company's warning about its financial viability.
The Government has launched an independent probe of Chorus' financial position and its ability to deliver on nationwide ultrafast broadband contracts.