The Nasdaq-listed company was once valued at over US$4 billion.
Business
8 mins ago
It comes amid concerns about rising inflation as the war in the Middle East continues.
Tuesday 2:03pm
As cost-of-living prices sting at the register, wellbeing experts highlight some savings strategies that may help stretch your shop.
Life
Tuesday 6:00am
Chief property economist Kelvin Davidson said lower house prices and reduced mortgage rates have helped first home buyer activity, among other factors.
New Zealand
The country counted 59.7 days of petrol, 49.1 days of diesel and 50.7 days of jet fuel as part of its stocks when the data was recorded at 11.59pm last Wednesday.
Mon, Apr 13
But it also said it only expected the rate to lift to 3%, from 2.25% currently - not the 3.5% it expected previously.
Peace talks between the US and Iran are underway in Pakistan, but on the other side of the world New Zealand is operating in an environment of uncertainty.
Sun, Apr 12
Experts said when food becomes a status symbol, it says a lot about the state of the wider economy.
World
Last month Tiaki Wai released a set of projected charges - including bills of up to $6800 per year in a decade for residents - as it tries to upgrade old, failing infrastructure.
Sat, Apr 11
Analysis: 1News Business Correspondent assesses the early months of Reserve Bank Governor Anna Breman's term in office.
Wholesale rates have been pushing higher on the expectation that interest rates might need to rise to combat inflation caused by the Middle East conflict.
Fri, Apr 10
Governor Anna Breman says the RBNZ is ready to act if there are signs that higher inflation is getting embedded in the economy.
Thu, Apr 9
An Australian expert sets out the short and long-term effects on fuel supply we can expect as a result of the conflict that closed the Strait of Hormuz.
Motorcyclists are putting their bike registrations on hold in protest at what they say are unfair increases to ACC levies.
Analysis: Nearly every one of the levers it could pull in the fuel crisis, it has spent two years dismantling.
Follow 1News' live updates as the Reserve Bank announces its decision on the official cash rate (OCR).
Wed, Apr 8
Oil prices dropped and US stock futures jumped after President Donald Trump held off on his threat of devastating attacks on Iran.
Infometrics chief forecaster Gareth Kiernan said everything in Australia costs visitors from NZ considerably more than a year ago.
Air New Zealand's chief executive said the airline "may have to make some more impactful decisions" as the conflict in the Middle East continues.
One critic said the joke made light of others hardship, "belittled those who did have to shut down companies."
Overall commodity prices are at record highs with the war in the Iran generating risks and rewards for New Zealand exporters.
Tue, Apr 7
The Prime Minister spoke to Breakfast this morning after squeezing through a refreshed ministerial lineup for National's section of the coalition Cabinet just before the Easter break.
Politics
Polly Wenlock asked Kiwis to share their craziest commute stories online — the responses varied from adrenaline-seeking to mind-numbing.
An update on New Zealand's current fuel stocks was released at 1pm today.
Mon, Apr 6
Only Good Friday and Easter Monday are statutory holidays, so any business adding a surcharge on Sunday cannot use Easter as an excuse.
Sat, Apr 4
