Saturday, February 21

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Kiwi pilot in fatal helicopter was drunk, but motivation still unclear after report
World News

Kiwi pilot in fatal helicopter was drunk, but motivation still unclear after report

An investigation into a Queensland helicopter crash that killed a Kiwi pilot in August has found he was intoxicated, broke aviation rules and appeared to be trying to evade being detected. But officials are none the wiser as to why he did it. Blake Wilson, 23, died after taking a helicopter from his employer's hangar in Cairns and flying into a no-fly zone over the city before crashing into the roof of the DoubleTree hotel. His employer, Nautilus Aviation, said he had been celebrating his promotion with workmates on Sunday night, before he took the helicopter in the early hours of Monday morning. Wilson, 23, held a New Zealand commercial helicopter licence, but was not authorised to fly in Australia. He was the only person killed in the accident. A report by the Australian Transport Safety...
Briscoe Group investing $120m in developing Auckland warehouse and distribution centre
Business

Briscoe Group investing $120m in developing Auckland warehouse and distribution centre

Photo: RNZ / Simon Rogers Retailer Briscoe Group is investing about $120 million on the development of a large North Island warehousing and distribution centre to be operational in two years. The homewares and Rebel Sport retailer had already spent about $20m to implement a warehouse management system, including a down payment on the purchase of 30,000 square metres of land at Drury, on Auckland's southern border. "We're in a situation right now where we've outlasted the existing asset that we have," Briscoe managing director Rod Duke said, adding the return on investment was expected to quick, given the improved inventory control and distribution system. The new 20,000 square-metre facility was 2.5 times the footprint of Briscoe's existing 8000 square-metre facility and would be twice i...
Live: Tornadoes, massive waves hit Florida as Hurricane Milton lands
World News

Live: Tornadoes, massive waves hit Florida as Hurricane Milton lands

Oscar Garcia, right, with his family stands outside his house after getting hit by a reported tornado in Fort Myers, Florida, on 9 October 2024, as Hurricane Milton approaches. Photo: CHANDAN KHANNA / AFP Hurricane Milton has begun making landfall. The National Hurricane Center is reporting that the most intense winds and eyewall of Hurricane Milton are coming onshore near the Florida city of Tampa. Landfall is not official until at least half of the hurricane's eye crosses over land - likely within the next hour or two, CNN said. Milton's eyewall has winds screaming at nearly 200km/h with higher gusts. Follow RNZ's live updates: Source link
Banks to begin rollout of confirmation of payee service
Business

Banks to begin rollout of confirmation of payee service

New research found that 37 percent of South Asian respondents use traditional banks for remittances. Photo: RNZ / 123rf All retail banks expect to offer a confirmation of payee service to customers by Easter. The Banking Association said the service will be rolled out from the end of November, but would take time before it was fully implemented. "Due to the size and complexity of payments services the banks offer means some banks were adopting a phased approach to ensure thorough user testing and customer understanding," association chief executive Roger Beaumont said. "For customers, this means confirmation of payee might not be available across all online banking platforms simultaneously," Beaumont said. "They might find that a confirmation of payee check is available from some banks ...
Voting rights groups seek to extend Florida registration deadline due to hurricanes
World News

Voting rights groups seek to extend Florida registration deadline due to hurricanes

By Luc Cohen for Reuters The voter registration deadline in Florida was on 7 October. (File photo) Photo: AFP Voting rights groups have asked a federal judge to extend Florida's voter registration deadline ahead of the 5 November US presidential election, citing disruptions from Hurricanes Helene and Milton. In a lawsuit filed in federal court in Tallahassee on Tuesday (local time), the League of Women Voters of Florida and the state NAACP chapter said they had asked Governor Ron DeSantis last week to extend the 7 October deadline by 10 days, but he declined. DeSantis' office did not immediately respond to a request for comment. Millions of people on Florida's west coast are under evacuation orders as Hurricane Milton lashed the region with rain and wind hours ahead of its expected l...
Auckland Airport oversubscribes $200m offer to retail shareholders
Business

Auckland Airport oversubscribes $200m offer to retail shareholders

Photo: RNZ / Samuel Rillstone Auckland Airport's $200 million offer to retail shareholders has been oversubscribed by more than 10 percent. The offer of shares at $6.95 a piece was part of Auckland Airport's $1.4 billion equity raising announced on 16 September. The capital raising was the largest ever in the country's markets and earmarked for Auckland's long awaited new domestic jet terminal building, to be joined to the existing international airport. The airport company said the money should be enough to complete all its development projects, while maintaining its credit rating and dividend policy. The institutional offer of $1.2b of new shares was fully underwritten, with $223m worth of applications for the retail portion of the capital raising. Eligible retail shareholders were all...
How soon will OCR cut lift economic gloom?
Business

How soon will OCR cut lift economic gloom?

The official cash rate has fallen, but how quickly can that lead to a rising economy? File photo. Photo: RNZ A Reserve Bank decision to cut the official cash rate by 50 basis points might be good news for home loan borrowers but it is likely to be months before it has a real impact on the economy. The OCR has been cut to 4.75 percent. That is still above what the Reserve Bank would consider a "neutral" interest rate. Infometrics principal economist Brad Olsen said the Reserve Bank "seemed to have realised" that the economy was weaker and did not require as much interest rate restraint, and that quicker cuts were needed to normalise interest rates. "A clear, if only implied, admission that the Reserve Bank may have been too slow to act. It still could be too far behind, if inflation is a...
The Met Gala 2025 theme has been announced: Here’s what it means
Life Style

The Met Gala 2025 theme has been announced: Here’s what it means

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300 Kiwis claim to work 168 hours a week
Business

300 Kiwis claim to work 168 hours a week

Almost 70,000 New Zealanders said they worked 60 hours a week. File photo. Photo: 123RF It's time for New Zealanders to work fewer hours, one academic says - as the Census reveals we work less than we used to. Census data shows that New Zealanders work, on average, 37.2 hours per week. That is down from 38.1 hours in 2013, and roughly the same as the last census. But 297 people said they worked 168 hours a week - that is, every hour of the day. Work is defined as for pay, profit or payment in kind, or contributing directly the operation of a business, farm or professional practice operated by a relative, including a job or business that the person was temporarily absent from. In 2018, 273 people said they worked all the time, but in 2013 it was 474. There were a total of 2.6 million peo...
Live: Kiwi’s home in path of eye of Hurricane Milton
World News

Live: Kiwi’s home in path of eye of Hurricane Milton

People take shelter at Buffalo Creek Middle School ahead of Hurricane Milton making landfall in Bradenton, Florida. Photo: AFP / Miguel J. Rodriguez Carrillo Milton is expected to make landfall on the Gulf Coast of Florida on Thursday (NZ time) as a dangerous major hurricane, the second huge storm to hit the US in a fortnight. The storm has exploded in strength as it nears the Tampa region. "It's a matter of life and death, and that's not hyperbole," US President Biden said from the White House, urging those under orders to leave to "evacuate now, now, now". Across the southeastern United States, emergency workers are still struggling to provide relief after Hurricane Helene, which killed at least 230 people across several states. Follow RNZ's live updates: Source link