ASB blinks first, increases major mortgage rates

ASB is the first of the major banks to increase its mortgage and term deposit rates. The bank has lifted its fixed one-year rate by 0.36 per cent, up from 2.19 per cent to 2.55 per cent per annum. The

How a major oil pipeline fell victim to a cyber attack

It took just two hours for cyber criminals to steal almost 100 gigabytes of data from one of the biggest energy pipelines in the US. On Friday, a shadowy criminal gang, known as Darkside, was able to use that data

The major change hitting iPhones within weeks

Despite fierce opposition from Facebook and Google, Apple says it’s close to going live with a new system that will let you stop apps tracking your online and real-life activity without your permission. Apple says iOS 14.5, which will rollout

Three major banks shut branches across Auckland

Three major banks have closed all their Auckland branches for today while others only have selected branches open after the city moved into an alert level 3 lockdown overnight. ASB, BNZ and Kiwibank have all decided to close up their

Gasoline, food boost U.S. consumer inflation in June

WASHINGTON (Reuters) – U.S. consumer prices increased by the most in nearly eight years in June as businesses reopened, but the underlying trend suggested inflation would remain muted and allow the Federal Reserve to keep injecting money into the ailing

U.S. producer prices post biggest drop since 2009

WASHINGTON (Reuters) – U.S. producer prices fell by the most since 2009 in April, leading to the largest annual decline in nearly 4-1/2 years, which could bolster some economists’ predictions for a brief period of deflation as the novel coronavirus