Mangere marae not to accept any more homeless families

TePuea Memorial Marae in Mangere Bridge located in South Auckalnd has said that it will no longer accept any more families after this month.

The Mangere Bridge Marae said that the tidal wave of homeless families of the harsh winters has cooled down. The Marae started accommodating homeless families on25 May, 2016 and has since seen about 56 families come through its doors. Following the needs assessments for 56 families and individuals, the establishment has added up to 70 adults and 86 children.

New Zealand aiming to make country 'predator-free' by 2050

The government of New Zealand have said that it is planning to make the country predator-free by the year 2050.

Prime Minister John Key announced the target for the government along with Conservation Minister Maggie Barry. The government has adopted a target to eradicate all pests that pose a risk to New Zealand's native birds. Key also announced $28m fundinginto a joint venture company inorder to start work on the target.

Exxon Mobil Agrees to Buy InterOil Corporation

Irving, Texas headquartered Exxon Mobil Corp has agreed to buy InterOil, a natural gas explorer for about $3.6 billion. It will add to the oil and gas corporation's portfolio of new discoveries in Papua New Guinea which will also feed the company's present export plant.

The deal will be a cash and stock combination which Exxon will pay on its own, at a range between $45 and $71.87 a share of InterOil, which depends on the amount of gas InterOil's Elk-Antelope field, holds.

Oil Rig Counts On the Rise for the Fourth Consecutive Week

Rig counts in the United States are still on the rise. Number of the rigs drilling for oil and natural gas in the nation rose for the fourth consecutive week. However, analysts differ on their opinion about, if the noted change that has been seen in the oil industry in past two years will end anytime in the near future.

According to Baker-Hughes, in the past week, U.S. rig count climbed by fifteen to 462. The oilfield service company reported that although the rig counts have gone up but it still remains almost half of the numbers noted last years.

“Catastrophic” Prescription Coverage Expenses Surge Alarmingly in Three Years

What was designed as a safeguard for Medicare beneficiaries now appears to have become a means for drug makers to get paid in billions of dollars for costly medications, showed government numbers. This is so alarming because most of it is going from the at taxpayers pocket and not from insurers.

Numbers from Office of the Actuary revealed that Medicare's "catastrophic" prescription coverage expenses climbed eighty five percent in the last three years from 2013's $27.7 billion to2015's $51.3 billion.

Global Merger and Acquisitions may be Affected due to Brexit

When merger-and-acquisitions are all about confidence and credibility, a disorderly exit of U.K from European Union could cost the country up to $338 billion by 2020 and the global economy up to $1.6 trillion, said Baker & McKenzie, a Chicago based law firm.

Baker & McKenzie's Global Transactions Forecast on Monday said, without a clear exit road map of Brexit could lead to a cycle of market uncertainty as well as political indecision, which in turn can hit future investment plans and business confidence. The forecast is based on financial modeling by Oxford Economics.

Son’s Biggest Bet for the Future ARM Holdings

Japan's Softbank, headed by Masayoshi Son agreed to buy the largest London listed tech company, by value, ARM Holdings. It's a huge semiconductor firm in the United Kingdom that supplies part of the chip design which can be found in Apple iPhones, Samsung, Huawei and other products. The acquisition deal is worth more than $32 billion.

Solar Impulse Heads to Abu Dhabi where it Started its Journey in March 2015

Flying in a solar powered aircraft around the world was an idea that struck Mr. Bertrand Piccard in 1999 when he attempted his first non-stop, hot balloon round-the-world flight on his Breitling Orbiter 3.

Solar Impulse is about to start its seventeenth and final stage of its journey and is expected to take about 48 hours to reach Abu Dhabi, UEA. This was the place where it started its journey in March 2015.

Police to scale back search operations for missing Upper Hutt woman

The police have indicated that it is considering scaling back search operations for a missing Upper Hutt woman.

The woman identified as 62 year old Mary Berrington has been missing since Tuesday. The police said that there have been many reported sightings of the woman since Wednesday when she was reported missing. The police also said that more than 50 staff and volunteers are involved in search and rescue effrots.

Police trying to identify decomposed body found on Auckland beach

The police in Auckland have said that they are working to identify a person, whose badly decomposed body was found in bush in an central Auckland beachfront reserve by a member of the public.

A person passing by the area found the badly decomposed body in dense bush at Orakei Reserve, Okahu Bay on Saturday. Detective Senior Sergeant Paul Newman said that the police carrying out forensic investigations, tests and scene work in order to identify the body. The body is expected to be by the forensic pathologist on Sunday.