Thursday, June 25

Blog

Suspects in murder of NZ tourist plead not guilty
World News

Suspects in murder of NZ tourist plead not guilty

Trish McKay was run over and killed during a botched robbery in July in California. Photo: Supplied US media report the three men facing murder charges in the botched robbery attempt that led to the death of a 68-year-old New Zealand tourist in California have pleaded not guilty. Patricia McKay died outside a Newport Beach mall during an attempted robbery when she was hit by one of the alleged offenders' cars. Leroy Ernest Joseph McCrary, Jaden Cunningham, and Malachi Eddward Darnell are charged with murder. The Los Angeles Daily News reported there was a brief hearing today in a Santa Ana courtroom. The newspaper reported the suspects watched the proceeding from a holding cell on the side of the courtroom and spoke only briefly. They had earlier refused to leave their cells for another...
US recognises Maduro’s opponent as winner in Venezuela election
World News

US recognises Maduro’s opponent as winner in Venezuela election

By Kanishka Singh and Matt Spetalnick, Reuters Venezuelan opposition presidential candidate Edmundo Gonzalez Urrutia talks to supporters as Venezuelan opposition leader Maria Corina Machado (L), his wife Mercedes Lopez (R) and his daughter Mariana Gonzalez (2nd R) listen during a rally in front of the United Nations headquarters in Caracas on July 30, 2024. Photo: AFP / YURI CORTEZ The United States on Thursday recognised Venezuelan President Nicolas Maduro's opponent and opposition candidate Edmundo Gonzalez as the winner of Venezuela's disputed presidential election, rejecting Maduro's claim of victory. "Given the overwhelming evidence, it is clear to the United States and, most importantly, to the Venezuelan people that Edmundo Gonzalez Urrutia won the most votes in Venezuela's Ju...
Owner beware: 4 reasons why selling part of Kiwibank could do more harm than good
Business

Owner beware: 4 reasons why selling part of Kiwibank could do more harm than good

First published on Photo: Kiwibank By Martien Lubberink, associate professor of accounting and capital, Te Herenga Waka Victoria University To sell, or not to sell - that is the question various governments have asked since Kiwibank was established in 2002. Now it's the turn of the current National-led coalition to examine the bank's state ownership. Ministers have asked Kiwibank's board to explore avenues for the bank's expansion, potentially including private sector or Crown entity investment. This comes just two years after the previous Labour government spent NZ$2.1 billion to secure complete ownership of Kiwibank, and is part of the coalition's drive for productivity, growth and public sector efficiency. The latest attempt to help the bank prosper while stayin...
Kiwi world champ Luuka Jones is a medal hopeful in new ‘boatercross’ Olympic event
World News

Kiwi world champ Luuka Jones is a medal hopeful in new ‘boatercross’ Olympic event

Luuka Jones is a medal prospect in the brand new Kayak Cross event at the Paris Olympics Photo: AFP / Olivier Morin It is among a new wave of extreme sports added to the Paris Olympic programme. But for Luuka Jones, it feels more like returning to her roots - the days she spent knocking about in plastic kayaks on Tauranga's Wairoa River as a kid. Jones and fellow Kiwi paddler Finn Butcher are expected to feature in the medal mix when Kayak Cross makes its Olympic debut on Sunday morning. The event, where kayakers in heats of four fight their way down the course, bumping each other out of the way, is part of a shift by the International Olympic Committee (IOC) to include more youth oriented action sports in the Games. The additional slalom event was added to the Olympic programme at th...
Auckland property investor and developer Du Val Group placed into interim receivership by the High Court
Business

Auckland property investor and developer Du Val Group placed into interim receivership by the High Court

Photo: 123rf The High Court has placed Auckland property investor and developer Du Val Group into interim receivership. The interim orders were made against Du Val Capital Partners, together with a number of entities within the Group - at the request of the government financial regulator, the Financial Markets Authority (FMA). Interim receivership orders were also made against directors Kenyon and Charlotte Clarke. The court also approved the FMA's request for asset preservation orders. The order comes as the FMA carries out an investigation into Du Val Group. The FMA said it would not provide further comment but noted there were about 120 investors in the Du Val entities, marketed as wholesale investments. It said John Fisk, Stephen White and Lara Bennett of PwC have been appointed inte...
Trump loses appeal of gag order in hush money criminal case
World News

Trump loses appeal of gag order in hush money criminal case

Donald Trump will be sentenced on 18 September. Photo: POOL / GETTY IMAGES NORTH AMERICA / Getty Images via AFP By Luc Cohen and Jonathan Stempel, Reuters A New York state appeals court on Thursday rejected Donald Trump's challenge to a gag order in his hush money criminal case, where the former US president was convicted in May on charges stemming from hush money paid to a porn star. The decision by the Appellate Division in Manhattan means the Republican presidential nominee cannot comment publicly about individual prosecutors and others in the case until Justice Juan Merchan sentences him on 18 September, seven weeks before the 5 November election. Trump's lawyers have argued that the gag order violated Trump's constitutional free speech rights under the First Amendment. Steven Cheun...
Briscoes thinking about Kathmandu investment
Business

Briscoes thinking about Kathmandu investment

Briscoe Group is considering the future of its investment in KMD Brands. Photo: RNZ Retailer Briscoe Group is thinking about the future of its investment in struggling outdoor goods business KMD Brands. Briscoes owns nearly 7 percent of KMD shares and revealed its half-year results would be affected by KMD failing to pay an interim dividend. Last year, Briscoes received $1.4 million in interim dividends from KMD - the owner of outdoor brands Kathmandu, Oboz and Rip Curl. KMD recently announced its second-half sales were down more than 8 percent from a year ago. In an interview with RNZ Business, Rod Duke was asked whether it was worth being invested in KMD Brands. "It's a very good question that we're all in this office pondering over," Duke said. "We're evaluating that every board meet...
Geoffrey Miller: How will New Zealand respond to Middle East escalation?
World News

Geoffrey Miller: How will New Zealand respond to Middle East escalation?

By Geoffrey Miller* Prime Minister Christopher Luxon and Foreign Affairs Minister Winston Peters. Photo: RNZ / Samuel Rillstone Analysis - As tensions in the Middle East rise further, New Zealand's approach to the region continues to evolve. Neither Prime Minister Christopher Luxon, nor Foreign Minister Winston Peters were immediately keen to comment publicly about Israel's assassination of Hamas political leader Ismail Haniyeh in Tehran. On social media, Luxon instead promoted the government's recently introduced tax cuts, while Peters posted on the launch of a new shortwave radio transmitter for Radio New Zealand's Pacific-focused service, a key plank of Wellington's public diplomacy efforts. But it would be wrong to call New Zealand reticent when it comes to the war in Gaza as a w...
$458m sale of Auckland’s Vero Centre collapses
Business

$458m sale of Auckland’s Vero Centre collapses

Vero signage on an Auckland building Photo: Supplied / vero.co.nz The sale of one of the country's biggest office blocks to a Hong Kong-China company has collapsed. Kiwi Property Group (KPG) said it has terminated the $458 million sale of the 38-storey Vero Centre in Auckland after the unnamed buyer failed to meet key conditions. Chief executive Clive Mackenzie said they had tried to get the deal done over the past few months. "Despite our best efforts, the purchaser has now missed the deadline for milestones such as paying the deposit and seeking Overseas Investment Office approval for the deal and, as a result, we've made the difficult decision to terminate the conditional sale contract." The company was not available to comment on whether it would look for another buyer or take the b...
NZ joins US military exercises deploying AI for ‘kill chains’
World News

NZ joins US military exercises deploying AI for ‘kill chains’

Photo: British Army / Supplied The Defence Force has been helping the US military with artificial intelligence-powered weapons to speed up what they call "kill chains". US reports show the NZDF is one of a half dozen militaries involved in regular exercises to link American and allied war-fighting technology more closely. The Pentagon has been putting a lot more stress on getting allies on board to counter China. In an exercise in California with six nations in March, a F35 jetfighter with AI-driven sensors instantly passed targeting data along the "kill chain" to an unmanned kamikaze drone. In another exercise - also attended by New Zealand - the controversial surveillance firm Palantir supplied a so-called "metaconstellation" of submarine-hunting satellites. US military chiefs said the...