Saturday, March 7

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‘Puteketeke for life’: John Oliver credits Emmys win to 2023 Bird of the Year
World News

‘Puteketeke for life’: John Oliver credits Emmys win to 2023 Bird of the Year

US television host John Oliver has credited his 2024 Emmys win to last year's Bird of the Century winner, the "majestic" pūteketeke. In a video exchange posted to Instagram, Bird of the Year 2024 campaigner and television host Phil Keoghan thanked Oliver "for bringing the birds of New Zealand into the limelight, even to places like to Emmys." "Here at the Emmys 2024 with John Oliver, I've just been contacted by the Prime Minister of New Zealand to make an official thank you ... I'd like to thank you on behalf of all New Zealanders, for the birds that never got recognition," Keoghan - a Dunedin resident who got on board as an advocate for Tūhura Otago Museum's hoiho campaign. All the attention is on the hoiho this year - Dunedin's yellow-eyed penguin and 2024 winner of Bird of the Year - bu...
Mortgage rate battle continues as Kiwibank cuts home loan rates
Business

Mortgage rate battle continues as Kiwibank cuts home loan rates

Photo: RNZ The tit for tat interest rate battle between retail banks continues with Kiwibank cutting fixed home loan and deposit rates across the board following falls in wholesale rates. The bank has responded to recent cuts by the market's biggest lender, ANZ, matching it for most durations, but with a market leading one-year rate of 6.29 percent. Kiwibank has shaved between 4 basis points from its six month loan to as much as 20 basis points for its longer term fixed terms. The six month rate has become a favourite among borrowers looking to position themselves for further falls. The state-owned bank has also reduced deposit rates between 10 and 30 basis points. The rate cuts reflect falls in wholesale interest rates in New Zealand and on global finance markets as slowing inflation ha...
Sean ‘Diddy’ Combs arrested in New York
World News

Sean ‘Diddy’ Combs arrested in New York

The rapper was arrested in a Manhattan hotel where he was staying and taken into custody late Monday in the US, his lawyer has confirmed to CNN. Photo: Angela Weiss / AFP Sean "Diddy" Combs has been arrested in a Manhattan hotel where he was staying and taken into custody late Monday in the US, his lawyer has confirmed to CNN. "We are disappointed with the decision to pursue what we believe is an unjust prosecution of Mr Combs by the US Attorney's Office," Marc Agnifilo, a lawyer for Combs, told CNN. He said the musician had been cooperating with the investigation, and relocated to New York last week in anticipation of being charged. His team maintained his innocence, and said he had "nothing to hide". Earlier this year the rapper's homes in Los Angeles and Miami, Florida, were raided a...
Democraticising stocks: Brooke Roberts leads an investment platform valued at $500 million
Business

Democraticising stocks: Brooke Roberts leads an investment platform valued at $500 million

People who have $5 to invest should have the same choices as people with $5 million, Brooke Roberts believes. She shares her ideas for the RNZ series RICH: The meaning of wealth in Aotearoa. In 1986 when I was 11-years-old my school teacher, Miss Edmonton, used to bring newspapers in to class and get us to go through the stock market listings and pick our favourite shares. This theoretical exercise in the name of financial literacy was thrilling, because almost every day our shares climbed. Miss Edmonton's enthusiasm for shares was not unique, the stock market at the time was surging in the wake of the Lange government's free market reforms. Kiwis from all walks of life were investing, and it was paying off. But the easy money didn't last. On October 20, 1987, the stock market crashed and ...
Gold rises in value as US gets inflation under control
World News

Gold rises in value as US gets inflation under control

This month, gold prices have surged to an all time high of US$2586 (NZ$4179) per ounce. Photo: 123RF Gold prices have hit a record high, with more investors buying the precious metal in anticipation of interest rate cuts in the United States. This month, gold prices have surged to an all time high of US$2586 (NZ$4179) per ounce (28.35g). So far this year gold has risen 26 percent. The US Federal Reserve is expected to cut interest rates this week, with inflation there generally accepted to be under control. Auckland-based MyGold chief executive Rich Elliott said this had contributed to rising global demand for gold. "We see investors increasingly turn to gold as they expect the [US Federal Reserve] to reduce its benchmark interest rates. Then when interest rates decline, gold becomes mo...
Former Heartland Bank employee charged with insider trading
Business

Former Heartland Bank employee charged with insider trading

The events took place when the person was a junior employee at the bank in 2020 and 2021. Photo: 123RF The Financial Markets Authority (FMA) has filed criminal proceedings against an individual connected to Heartland Bank for insider trading. The regulator alleged the individual traded and encouraged others to buy or hold shares in the bank's parent company, Heartland Group Holdings. It said the events took place when the person was a junior employee at the bank in 2020 and 2021. The FMA claimed the person also disclosed information that was not available to the public to others. Heartland Bank confirmed the former employee appeared in the Auckland District Court on Tuesday. In a statement, the bank and Heartland Group Holdings said they were not parties to the court case and have coope...
Spark plans to cut $50m from labour costs
Business

Spark plans to cut $50m from labour costs

Spark confirmed it plans to cut $50 million, or 10 percent, from labour costs in the current financial year ending June 2025. Photo: RNZ / Nate McKinnon Telecommunications firm Spark is offering litte detail about another round of job cuts expected by the end of the year. Spark's full year earnings for the year ended June showed earnings and margins under pressure following what it described as a challenging year. It planned to change its operating structure, which began in 2024, resulting in some 190 fewer staff. "This of course includes all movements as people come and go from the business, not only changes we have made to our operating model," it said. Spark declined to talk about how it was achieving labour cost savings, other than to confirm it planned to cut $50 million, or 10 per...
Trump assassination plotter: Who is Ryan Routh?
World News

Trump assassination plotter: Who is Ryan Routh?

By Jonathan Allen, Brad Brooks and Andrew Hay, Reuters Ryan Wesley Routh following his arrest in Martin County, Florida, on 15 September. Photo: AFP PHOTO / MARTIN COUNTY SHERIFF'S OFFICE Ryan Routh, the man who authorities allege carried out an apparent attempted assassination on former President Donald Trump, has a lengthy criminal history and connections to the war in Ukraine. Routh, 58, was charged with two gun-related crimes in a federal court in Florida on Monday, a day after he was spotted with a rifle hiding in shrubbery on the property line of Trump's golf course. More charges are expected. Officials have not cited any possible motives. One of Routh's sons described him as a loving father. North Carolina voting records show that Routh had no party affiliation, though he did ...
Mortgage rate battle continues as Kiwibank bank cuts home loan rates
Business

Mortgage rate battle continues as Kiwibank bank cuts home loan rates

Photo: RNZ The tit for tat interest rate battle between retail banks continues with Kiwibank cutting fixed home loan and deposit rates across the board following falls in wholesale rates. The bank has responded to recent cuts by the market's biggest lender, ANZ, matching it for most durations, but with a market leading one-year rate of 6.29 percent. Kiwibank has shaved between 4 basis points from its six month loan to as much as 20 basis points for its longer term fixed terms. The six month rate has become a favourite among borrowers looking to position themselves for further falls. The state-owned bank has also reduced deposit rates between 10 and 30 basis points. The rate cuts reflect falls in wholesale interest rates in New Zealand and on global finance markets as slowing inflation ha...
Last messages sent from Titan sub before implosion revealed
World News

Last messages sent from Titan sub before implosion revealed

First published on A OceanGate Expeditions image of their Titan submersible during a descent. Photo: AFP / OceanGate Expeditions US Coast Guard officials have begun a two-week inquiry to uncover the facts of what happened on the Titan submersible before it imploded, killing all five people inside. The deep-sea vessel was less than two hours into its descent towards the wreck of the Titanic when it imploded in June 2023. Investigators displayed a recreation of the journey, which included text messages between Titan and its mother ship the Polar Prince. Titan began its dive just around 9am local time when support staff on the mother ship asked about the submersible's depth and weight, and if it still had visuals on the ship's on-board display. The BBC reported that co...