News | Business
13 Feb 2025 8:47
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business

    Companies affected by the global IT outage, are unlikely to receive compensation

    Companies affected by the global IT outage, are unlikely to receive compensation


    Banks, airports, supermarkets, media companies and retailers were left scrambling following Friday's outage, which was caused by major cyber security firm CrowdStrike deploying a software update.

    But Australian Chamber of Commerce, chief executive Andrew McKellar, says businesses are unlikely to receive money for the loss in productivity.

    He says it's going to be very difficult to secure direct compensation, but obviously, that's something that should be looked at.

    © 2025 Newstalk ZB, NZCity

     Other Business News
     13 Feb: Fears about power shortages appear to have prompted the latest agreement between the major power companies
     13 Feb: While inflation has been easing, the price of car insurance is still rising sharply
     13 Feb: London Irish rugby club has been bought out of administration by a consortium led by former Formula One team owner and businessman Eddie Jordan, and featuring All Black Andrew Mehrtens and Springbok Bobby Skinstad
     12 Feb: ASB's reporting a one-percent increase in net profit, for last year's second half
     12 Feb: ASB has dropped mortgage rates further this morning, a week out from the Reserve Bank's next Official Cash Rate review
     12 Feb: Consumers could soon be incentivised for using less power, and generating their own power, during peak times
     12 Feb: A look into what may be in store for New Zealand's economy this year
     Top Stories

    RUGBY RUGBY
    New Crusaders captain David Havili's welcomed the addition of an official Super Rugby fantasy game More...


    BUSINESS BUSINESS
    Fears about power shortages appear to have prompted the latest agreement between the major power companies More...



     Today's News

    Entertainment:
    Gene Simmons has compared Taylor Swift to Jesus Christ by declaring the pop star's following is similar to a religion 8:42

    Politics:
    Sealord says the current Fisheries Act regulations are no longer fit for purpose 8:37

    International:
    Live updates: Donald Trump and Vladimir Putin agree negotiations to end Ukraine war will begin 'immediately' 8:37

    Politics:
    Is Elon Musk taking over the US government? Here’s how ‘state capture’ works – and why we should be concerned 8:27

    National:
    Donald Trump’s war on global governance: lessons from the past on how to fight back 8:17

    Entertainment:
    Tom Cruise is "so serious" about his famous Christmas cakes, according to Michelle Monaghan 8:12

    Law and Order:
    Palmerston North Police are apologising to residents in Highbury who were frightened or displaced during an operation last night 8:07

    Politics:
    How much does scientific progress cost? Without government dollars for research infrastructure, breakthroughs become improbable 8:07

    Rugby:
    New Crusaders captain David Havili's welcomed the addition of an official Super Rugby fantasy game 8:07

    Business:
    Fears about power shortages appear to have prompted the latest agreement between the major power companies 7:57


     News Search






    Power Search


    © 2025 New Zealand City Ltd