News in Brief
News in Brief
Law & Regulation
Former lawyer pleads guilty to $375,000 fraud
In one instance, she claimed approximately $17,000 using a deceased person’s details.
Tourism
Govt says cost to host 38th America’s Cup was too high
The Government decided not to back Tātaki Auckland Unlimited’s request to support hosting the 38th America’s Cup in Auckland due to cost.“After considering the proposal, ministers decided the estimated cost of $75 million, and possibly more – due to the uncertainty about local go...
Technology
Canadian company buys majority stake in Serato for $116.9m
Canadian technology holding company Tiny has announced a 66% acquisition of DJ software company Serato for US$66 million (NZ$116.9m).Tiny has agreed to acquire the majority stake in Serato, payable through a combination of cash and Class A common shares. The deal valued the compa...
Economy
Signs of optimism as number of NZers behind on payments falls
New credit data from Centrix shows green shoots of optimism as mortgage and consumer arrears fell in February.The number of New Zealanders behind on their payments fell by 11,000 in February compared with January.While there are still 480,000 consumers in arrears, levels are 1% l...
