As countries attempt to reduce emissions and move away from fossil fuels, offshore wind looks set to play a key role. This expansion will, according to a report published on Thursday, will require substantial investment in European ports. In this article EQNR-NO SGRE-ES European ports will require new infrastructure and significant investment over the next few years to cope with […]

A prominent businessman has been jailed but continues to vehemently deny indecently assaulting three people and later trying to bribe one of his victims. The wealthy Kiwi was found guilty by a High Court jury in March of assaulting a trio of men in the early 2000s, 2008 and 2016. The businessman, who continues to maintain interim name suppression, was […]

Opponents of Waiheke Island’s first marina are considering whether to take an appeal against being ordered to pay more than $200,000 in court costs. Sebastian Cassie, Save Kennedy Point (SKP) Inc chief executive, said today he was disappointed with Environment Court decisions against the group. Asked how SKP would pay, Cassie said the group would “consider the judgment, get legal […]

Freight forwarder and distributor Mainfreight said its net profit rose by 27.2 per cent to $262.4 million, driven by sales growth across all the five regions in which it operates. Sales revenues for the March 31 year increased 14.5 per cent to $3.54 billion. Mainfreight announced a final dividend of 45c, compared with 34c last year, bringing the total to […]

(Reuters) – U.S. stocks advanced modestly on Thursday, as data showing improvement in the labor market helped fuel expectations the economy continues to recover and spurred a small rotation towards stocks seen as more likely to benefit from the rebound.FILE PHOTO: People are seen on Wall Street outside the New York Stock Exchange (NYSE) in New York City, U.S., March […]

OPINION: Cruising is back. Last week, enthusiastic travellers flocked aboard the UK’s first post-Covid cruise, and the US Congress passed a law that will allow Alaska journeys to resume in late July. The three big listed cruise companies — Carnival, Royal Caribbean and Norwegian — are reporting strong early bookings for 2022 despite limited advertising, and surveys suggest that three-quarters […]

FILE PHOTO: The BlackRock logo is seen outside of its offices in New York January 18, 2012. B REUTERS/Shannon Stapleton/File PhotoNEW YORK (Reuters) -BlackRock Chief Executive Larry Fink said on Wednesday it is studying cryptocurrencies like bitcoin to determine whether the asset class could offer countercyclical benefits. In response to a shareholder asking whether the company would invest in bitcoin, […]

Capri Holdings Ltd. continues to navigate the pandemic with mounting losses.  The fashion group — parent company to the Michael Kors, Versace and Jimmy Choo brands — revealed quarterly earnings Wednesday morning before the market opened, falling short on top-line revenues at the Michael Kors and Versace brands and posting a $182 million loss for the quarter. Still, the company’s […]