Business
Law & Regulation
Zoono fights US$390k distributor claim
Hand sanitizer maker Zoono, the covid-19 success story with a market cap of AU$485.93 million, is fighting a US$390,000 claim against its former Chinese distributor. The Auckland company founded by Paul Hyslop has won an early bout in the case, initiated in 2019 by Shanghai-ba...
Services
Kiwi culture makes easy victims for hackers
International fraudsters are increasingly turning their attention towards this part of the world, where complacent and trusting victims are easy to find as once-bitten US businesses firm up their cyber defence measures. Australasian beer maker Lion has been in the spotlight in...
Finance
FMA accuses CLSA Premium of multiple money laundering law failures
The Financial Markets Authority has accused broking and derivatives trading firm CLSA Premium New Zealand of numerous breaches of anti-money laundering laws involving $50 million of transactions. The market watchdog has filed civil papers against the firm, which was known as K...
Retail
Countdown sales strong after lockdown, but growth slowing
Countdown supermarkets are looking at another quarter of double-digit sales growth, although things have slowed since the government-imposed lockdown was lifted and smaller rivals reopened. Australia’s Woolworths Group today said its New Zealand supermarket sales in the 10 wee...
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