UPDATE 1-Nasdaq, New Zealand promise action after Asian stock market outages

(Recasts to add details about NZX, Tokyo stock exchange outages; analyst comment)

Dec 4 (Reuters) – Nasdaq Inc on Friday apologised for an Australian stock exchange outage last month, while the operator of New Zealand’s exchange laid out steps it would take after the completion of two independent reviews into security and system issues.

The follow-up to two of a series of global stock market halts related to technology or cybersecurity this year come after the resignation of the head of the Tokyo Stock Exchange (TSE) earlier this week over a system failure.

The disruption in Tokyo halted trade in October for an unprecedented full day on the world’s third-largest equities platform.

NZX Ltd was overwhelmed by trading volumes in March and April’s coronavirus-driven sell-off, as well as a week of cyber attacks in August.

In Australia, the central bank and corporate regulator had expressed concerns over bourse operator ASX

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New Zealand bourse says reviews into systems and cyber attack completed

Dec 4 (Reuters) – The operator of New Zealand’s stock exchange said on Friday that two independent reviews into system issues this year, including August’s cyber attack, have been completed and the undisclosed recommendations were being implemented.

It has been an unprecedented year for the bourse operator, NZX Ltd, whose systems were overwhelmed in March and April by trading volumes that were as high as six times their daily averages in 2019 due to the coronavirus pandemic, and by a week of cyber attacks in August.

The separate reports confirmed that the two incidents were not connected.

InPhySec, an independent cybersecurity firm tasked with reviewing the cyber attacks, said “the volume, sophistication and persistence of the attacks were unprecedented in a New Zealand context, and are amongst the most severe we are aware of to have been experienced internationally.”

The InPhySec review recommended several technical and process steps to strengthen

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A 4-Day Workweek for 5 Days’ Pay? Unilever New Zealand Is the Latest to Try

Unilever New Zealand said it would begin a one-year experiment to allow all 81 of its employees to earn their full salaries while working one day fewer per week, a move the company said might actually boost productivity and improve employees’ work-life balance.

The company, which imports and distributes Lipton tea, Dove soap, Vaseline and Ben & Jerry’s ice cream, is the latest to experiment with the long-discussed four-day workweek. Some business and productivity experts say the concept may finally get a serious look amid a pandemic that has altered how billions live and work around the globe.

Nick Bangs, managing director of Unilever New Zealand, said the four-day-week experiment represented a fundamental shift in how the company views its work force.

“Our goal is to measure performance on output, not time,” Mr. Bangs said in a statement. “We believe the old ways of working are outdated and no longer

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Whakaari Eruption Tragedy in New Zealand Leads to Charges

Almost one year ago, a relatively small blast from the crater of New Zealand’s Whakaari (White Island) turned what might have been a breath-taking tour of a volcano into a tragedy in an instant. The explosion, driven by water rapidly flashing in steam by the heat of magma beneath the volcano, sent ash and debris out from the crater lake on the island. This superheated mix of steam and rocks killed 22 people and injured dozens more. It was a volcanic disaster that might have been prevented, but how to judge who might be to blame?

After a long investigation, New Zealand’s WorkSafe is leveeing charges on 13 parties over the tragedy. Some are businesses like the tour operators and helicopter companies. There are also three individuals who were charged with negliance. However, GNS Science, New Zealand’s volcano monitoring agency, was also charged.

It is not known exactly what the

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Unilever New Zealand is testing a four-day work week

Unilever has become the latest major company to hop on the four-day work week bandwagon, lending credence to the idea that flexible working is here to stay.



a group of people standing in front of a building: TO GO WITH AFP STORY BY JULIETTE RABAT - A picture taken on June 5, 2015 shows employees walking pass the logo of Unilever at the headquarters in Rotterdam. Unilever is a multinational company in the field of food, personal care and cleaning products. In 1930, Lever Brother, a British soap maker and Margarine, a Dutch company, merged to optimize their requirements and create the multinational Unilever. AFP PHOTO / JOHN THYS (Photo by JOHN THYS / AFP) (Photo by JOHN THYS/AFP via Getty Images)


© John Thys/AFP/Getty Images
TO GO WITH AFP STORY BY JULIETTE RABAT – A picture taken on June 5, 2015 shows employees walking pass the logo of Unilever at the headquarters in Rotterdam. Unilever is a multinational company in the field of food, personal care and cleaning products. In 1930, Lever Brother, a British soap maker and Margarine, a Dutch company, merged to optimize their requirements and create the multinational Unilever. AFP PHOTO / JOHN THYS (Photo by JOHN THYS / AFP) (Photo by JOHN THYS/AFP via Getty Images)

On Tuesday, the distributor of Lipton’s tea, Dove soap and Ben & Jerry’s ice cream announced it would test shorter working hours for all its employees in New Zealand, letting them decide which four

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Unilever to Trial Four-Day Working Week in New Zealand

(Bloomberg) — Consumer goods giant Unilever will trial a four-day working week in New Zealand to enhance worker wellbeing and boost productivity.



a close up of a sign: The Unilever NV logo sits on a a jar of Marmite, manufactured by Unilever NV, in this arranged photograph in London, U.K., on Tuesday, Feb. 21, 2017. On Sunday, Kraft Heinz Co. withdrew its bid for Unilever, which would've created the world's No. 2 food-and-beverage company.


© Bloomberg
The Unilever NV logo sits on a a jar of Marmite, manufactured by Unilever NV, in this arranged photograph in London, U.K., on Tuesday, Feb. 21, 2017. On Sunday, Kraft Heinz Co. withdrew its bid for Unilever, which would’ve created the world’s No. 2 food-and-beverage company.

All 81 workers will be eligible to work for four days on full pay, New Zealand Managing Director Nick Bangs said in a statement Tuesday. Most of the staff are based at Unilever’s Auckland headquarters and distribution center after the company closed manufacturing operations in 2015.

“The old days of working are outdated and no longer fit for purpose,” said Bangs. “Our goal is to measure performance on output, not time.”

The trial, which starts this month and will run

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Taiwan and New Zealand show business travel’s future

They handed out the New Zealand CIO Awards in Auckland’s Civic Theatre last week. For those of us locked down in the northern hemisphere, the photos come from a glittering world. There are 650 people crowded into the pre-event drinks, leaning in to make themselves heard. A few are posing arm in arm. Astonishingly, someone is reaching for a canapé from a proffered tray. There are no masks.

This may be a view of our past, but perhaps also our future, when we, like New Zealand, have controlled the virus. The country has suffered 25 Covid-19 deaths. Life has a normality denied to much of the world. What can it teach us about business travel post-Coronavirus? Was Bill Gates right when he said business travel would be down 50 per cent on its pre-pandemic level?

I became interested in travel patterns in largely coronavirus-free countries when I spoke to Steven

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Microsoft Reveals 2020 New Zealand Partner Awards Winners

Winners were recognised for their outstanding efforts to transform customers

New Zealand, 10pm, 27 November 2020 – Microsoft is thrilled to announce the winners for its 13th annual Microsoft New Zealand Partner Awards. These winners represent the best of Microsoft’s local Partner network and were celebrated tonight at a glamorous ceremony held at the Auckland Town Hall.

Judges spoke highly of each of the 10 winners for the outstanding ways they are continuing to empower customers through clever use of Microsoft technology.

“The last 12 months have seen the Partner network face some really challenging circumstances. What is most exciting to see is that the calibre of this year’s winners shows Partners have really stepped up to the plate and done some incredible work. Their exceptional efforts to go above and beyond for customers is admirable and it makes us so proud to be partnered with them,” says Matt Bostwick,

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America’s Cup 2021: Team New Zealand win global recognition for sports technology, innovation

“When you think about it, maybe it is not entirely surprising, because as an organisation, if we don’t lead the wave of innovation and technology, we simply will not win the sport event on the water – it’s as simple as that.”

Among those ranked behind Team NZ are esteemed sporting brands like the NBA (basketball), Wimbledon (tennis), PGA (golf), Barcelona FC (football), Nike (sportswear) and ESPN (media).

Using pedal power to win the ‘Auld Mug’ in Bermuda three years ago, they have again tweaked the design specifications for their defence in March, launching their second-generation Te Rehutai boat last week. 

“The power list debate about inclusions and rankings was lively and enjoyable,” says Sports Technology Awards chief executive Rebecca Hopkins. “Seeing the way brands understand and embrace a tech-led approach is exciting, but more than that, the ones that do it well are clearly far more robust entities.

“Team

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Xbox Is Taking Over Queenstown, New Zealand To Promote The Series X Launch

Microsoft has announced a big campaign to promote the Xbox Series X in New Zealand. Xbox ANZ is hosting an event in Queenstown, New Zealand that will see the technology giant transform the New Zealand city into “Greenstown.”

Part of this includes, apparently, installing a giant refrigerator Xbox Series X on the water in town.

This is all happening to promote a livestream countdown event that begins at 9 PM AEDT on Monday, November 9 in New Zealand.

The event is happening in New Zealand because the country is among the first to tick over to November 10, the launch day of the Xbox Series X. And New Zealand offers stunning natural graphics. After all, Queenstown’s backdrop is a mountain range literally called The Remarkables.

“Queenstown, one of the only places in the world that matches the visual fidelity of the next generation of Xbox consoles, will host a dream-like

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