Saturday, January 17

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US election: What to keep in mind during today’s clash between Tim Walz and JD Vance
World News

US election: What to keep in mind during today’s clash between Tim Walz and JD Vance

By Leigh Sales, ABC Democrat Tim Walz and Republican JD Vance. Photo: AFP A twist few people could have predicted in the surprise-packed US presidential election as the triumphant return to public life of The Mooch. If you've forgotten, Anthony "The Mooch" Scaramucci was the brash, reflector sunglasses-wearing finance guy from Long Island who briefly acted as Donald Trump's press secretary in 2017. He lasted a grand total of 10 days before Trump sacked him. This year, The Mooch is back, co-hosting a podcast called The Rest is Politics US with former BBC journalist Katty Kay, modelled on the immensely popular British program of the same name with Labour media legend Alastair Campbell and former Tory MP Rory Stewart. Both are huge hits, consistently near the top of podcast charts. Scar...
The Foodstuffs merger is dead – but that still won’t fix NZ’s over-concentrated supermarket sector
Business

The Foodstuffs merger is dead – but that still won’t fix NZ’s over-concentrated supermarket sector

By Lisa M Katerina and Drew Franklin of Multiple submissions to the Commerce Commission claimed Foodstuffs' unwillingness to compete with each other demonstrated a worrying precedent. Photo: 123RF Analysis: Two of the dominant players in New Zealand's supermarket sector - Foodstuffs North Island and Foodstuffs South Island - have failed in their quest to officially join forces. In a decision announced on Monday, the Commerce Commission declined to green-light the merger between the two cooperatives. The watchdog said it was not satisfied the move wouldn't result in reducing competition in the New Zealand grocery sector. But it needs to go further. Instead of adjudicating on a merger, the commission should be given the power to break up the two Foodstuffs entities t...
Magnitude 6.8 earthquake strikes Tonga
World News

Magnitude 6.8 earthquake strikes Tonga

Photo: 123rf An earthquake measuring 6.8 magnitude has struck Tonga, the US Geological Survey says. The quake on Wednesday was at a depth of 10 km, USGS said. The US National Tsunami Center said it does not expect a tsunami after the earthquake. - Reuters Source link
Dunedin Hospital: Why does it cost so much?
Business

Dunedin Hospital: Why does it cost so much?

The cost of the new Dunedin Hospital could hit as much as $3 billion. Photo: RNZ/Tess Brunton Problems with Dunedin Hospital highlight that New Zealand needs to develop a more mature approach to large, important projects, Infrastructure New Zealand says. Plans for the new hospital have been thrown into doubt by government revelations last week that a report had found it could probably not be delivered in the current $1.88 billion budget. Health Minister Shane Reti and Infrastructure Minister Chris Bishop said it would need to be reduced, or done in stages, or the cost could hit $3b. In 2017, it was estimated the build would cost $1.2b to $1.4b. Infrastructure New Zealand chief executive Nick Leggett said on as cost-per-metre basis, it would be the costliest hospital in Australasia. "We ...
Live: Israel vows to retaliate against Iran over missile attack
World News

Live: Israel vows to retaliate against Iran over missile attack

Photo: ZAIN JAAFAR/AFP Iran has fired a salvo of ballistic missiles at Israel in retaliation for Israel's campaign against Tehran's Hezbollah allies in Lebanon. Alarms sounded across Israel and explosions could be heard in Jerusalem and the Jordan River valley after Israelis piled into bomb shelters. Iran has vowed to retaliate following attacks that killed the top leadership of its Hezbollah allies in Lebanon. The firing of missiles came after Israel said its troops had launched ground raids into Lebanon, though it described the forays as limited. The Israeli campaign in Lebanon is the biggest escalation of regional warfare since fighting erupted in Gaza a year ago. - Reuters Follow live updates: Photo: AHMAD GHARABLI/AFP Source link
Barun Sobti talks about raising daughter Sifat in an unsafe country: `I shun…`
Entertainment, Movies

Barun Sobti talks about raising daughter Sifat in an unsafe country: `I shun…`

It has been an intense ride for Barun Sobti with Kohrra (2023) and Asur. So, the actor is changing up things by taking up a slice-of-life comedy in Raat Jawaan Hai. The television’s heartthrob shares that he is instinctively drawn to fun content and uses them as breaks between his intense roles. We’re not complaining; we’re always excited to see the actor showcase his versatility with his dramatically different roles. In a chat with mid-day, Sobti talks about how the JioCinema show is more about friendship than parenthood and his experience of being father to five-year-old Sifat and one-year-old Meer. Edited excerpts from the interview. What made you say yes to this slice-of-life show after fronting dark offerings like Kohrra and Asur?Lately, I have been doing a lot more intense [shows]....
Have the government’s interest deductibility promises proved true?
Business

Have the government’s interest deductibility promises proved true?

While the rental market has softened, commentators say it is unlikely that the return of deductibility is the driver. File photo. Photo: Unsplash / Tom Rumble New Zealand's rental market is cooling - but how much of that is due to the return of interest deductibility for investors? In March, prime minister Christopher Luxon said renters would be "grateful" that extra costs would no longer be passed on to them after the government moved to phase back in investors' ability to claim loan interest costs against their rental income for tax purposes - reducing the amount of tax they pay. Act Party leader and associate finance minister David Seymour said at the time the pressure on landlords from the Labour government's removal of deductibility was reducing the number of rentals and pushing re...
Live: Iran fires missiles into Israel
World News

Live: Iran fires missiles into Israel

Photo: AHMAD GHARABLI/AFP Iran has fired a salvo of ballistic missiles at Israel in retaliation for Israel's campaign against Tehran's Hezbollah allies in Lebanon. Alarms sounded across Israel and explosions could be heard in Jerusalem and the Jordan River valley after Israelis piled into bomb shelters. Iran has vowed to retaliate following attacks that killed the top leadership of its Hezbollah allies in Lebanon. The firing of missiles came after Israel said its troops had launched ground raids into Lebanon, though it described the forays as limited. The Israeli campaign in Lebanon is the biggest escalation of regional warfare since fighting erupted in Gaza a year ago. - Reuters Follow live updates: Source link
Property market: Is it really ‘what are you waiting for’?
Business

Property market: Is it really ‘what are you waiting for’?

Property coach Steve Goodey says the market has "most definitely" bottomed out. File photo. Photo: RNZ / 123rf Property coach Steve Goodey says the time is right to buy a house - but not everyone is as convinced. Goodey asked his social media followers this week what they were waiting for. "I can get 5.59 percent for three years even if the floating rate is still in the 8s. "Auckland house prices are by average now under $1 million for the first time since 2020… Mortgage brokers round the country are recording a massive upswing in activity with investors and first-home buyers alike getting pre-approvals. "Daylight saving has started giving agents more sunlight and evening open homes. So what indicator or metric are you waiting for to get stuck in? Will you wait for two more OCR reductio...
Israeli military says Iran has fired missiles towards Israel
World News

Israeli military says Iran has fired missiles towards Israel

Iranian missiles and an unmanned aerial vehicle (UAV), Shahed-136, are being displayed at the Azadi (Freedom) Square in western Tehran during a rally to mark the 45th anniversary of the victory of Iran's 1979 Islamic Revolution, on 11 February, 2024. Photo: AFP / NurPhoto The Israeli military said that missiles had been launched from Iran towards Israel, and that Israel's home front command had provided life-saving guidelines to people in various parts of the country. The United States had indications that Iran was preparing to imminently launch a ballistic missile attack against Israel that could be at least as large as a strike that Tehran staged earlier this year, US officials said on Wednesday. The US is actively supporting preparations to defend Israel against a new Iranian missile...