Asia’s richest man loses $50 billion in a day as the Adani bloodbath continues

It’s not a good week to be Gautam Adani. Photo / AP Asia’s richest man has 50 billion problems that didn’t exist three days ago. In the past 72 hours, Indian mining magnate Gautam Adani has watched his empire plunge by US$50 billion ($76 billion) in market value. On Wednesday NZ time, US activist investment … Read more

Auckland floods: ‘Devastated’ school uniform shop owner loses $450K of stock

Tony Birch, owner of the Janbells school uniform shop in Auckland, says his livelihood is ‘up in the air’ until his insurance claim is approved. Video / Madison Reidy The owner of a school uniform shop has been left devastated at what should be his busiest time of the year, after losing $450,000 worth of … Read more

Prominent Kiwi entertainer loses $100k in sophisticated investment scam

Consumer Protection NZ provides tips on how to stay safe from scams. Video / Consumer Protection A prominent Kiwi entertainer has lost $100,000 after being duped into investing money in an elaborate investment scam. ANZ Bank was unable to recover the money after it was wired overseas. It has refused liability and declined to reimburse … Read more

Czech drug smuggler and former kickboxing champion Karel Sroubek loses deportation battle

Then Immigration Minister, Ian Lees-Galloway fronts media in 2018 over the reversal of his controversial decision to grant residency to Czech drug dealer Karel Sroubek. Video / NZ Herald A convicted drug smuggler and former world kickboxing champion who made his way into New Zealand two decades ago using another person’s passport will be deported … Read more

Elon Musk loses US$200 billion – the most money in history

Elon Musk officially shed around $315 billion of his personal fortune in the last 14 months. Photo / AP Elon Musk has just passed a milestone that nobody wants to be known for — losing the largest amount of money ever. The Tesla founder officially shed around US$200 billion ($315b) of his personal fortune in … Read more

AUT loses legal action on staff redundancies – but a sequel looms after ‘complex’ decision

Auckland University of Technology (AUT) will have to withdraw redundancy notices to 80 employees after it broke the collective agreement. But the university insists no aggravation or bad faith was intended, and says another hearing will have to happen soon to resolve the dispute. The Employment Relations Authority (ERA) ruled in favor of the staff … Read more

Aussie woman loses $169,000 after date goes terribly wrong

Why the Covid-19 inquiry will take so long, report claims Chinese police station set up in NZ & market study into building materials to be revealed in the latest New Zealand Herald headlines. Video / NZ Herald A heartbroken Australian woman has sworn never to use a dating app again after her match scammed her … Read more

Malaysia election live: Mahathir loses seat, likely ending political career

KUALA LUMPUR — Malaysians cast their ballots Saturday in a watershed election, with multiple parties running neck and neck amid global economic headwinds. Nearly 1,000 candidates — the oldest being 97-year-old former Prime Minister Mahathir Mohamad — are battling for 221 parliamentary seats. The latest surveys showed none of the three major camps on track … Read more