1 Party would demand better results for ‘hard earned taxpayers' money'. MBIE is one of the departments facing the axe under Act's policy. Act leader David Seymour has written an open letter to departmental chief executives blaming them for dividing the country by race and warning them that 'real change is coming'. Seymour made the announcement in front of the Ministry of Business, Innovation and Employment's head office in Stout Want to read more? It's easy. Choose your best value subscription option Get two weeks free access to NBR's Premium Online Subscription, which includes full access to all of NBR's great content on any device.

https://www.nbr.co.nz/politics/acts-message-for-the-public-service/

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By grace of world's premium spirits drinkers and tourists, Central Otago-based Spacegrace Distilling Co will grow. WATCH: Scapegrace Distilling Co managing director and co-founder Daniel McLaughlin speaks with Dita De Boni. Spirits brand Scapegrace is well under way with building New Zealand's largest distillery on the banks of Lake Dunstan near Cromwell in Central Otago, but the distillery is just part of a much bigger plan for tourism and hospitality offering on the site. The co-founders of Scapegrace Distilling Want to read more? It's easy.

https://www.nbr.co.nz/business/nzs-largest-distillery-finds-almost-all-its-funding-to-be-built/

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ANALYSIS: An FMA review of the Barry Kloogh Ponzi this week leaves a couple of questions hanging. There may still be some lessons to learn from the Kloogh Ponzi and the FMA report on its review. This week, our friends at the Financial Markets Authority released a neat 14-page report entitled, Lessons learned from the Barry Kloogh Ponzi scheme . Kloogh, to refresh , was a Dunedin-based financial adviser who was in February 2020 charged by the Serious Fraud Office with defrauding investors of Want to read more? It's easy.

https://www.nbr.co.nz/last-word/bnzs-outstanding-ponzi-question/

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Morning Brew And box-office bonanza for Taylor Swift concert film. Popstar Taylor Swift. TGIF and welcome to Friday's overview of the top political and business stories from around the world. First, the International Monetary Fund has suggested important structural reforms are needed in Germany because of global economic headwinds. Germany could be the only major European economy to Want to read more? It's easy. Choose your best value subscription option Get two weeks free access to NBR's Premium Online Subscription, which includes full access to all of NBR's great content on any device.

https://www.nbr.co.nz/morning-brew/morning-brew-6-oct/

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Entrepreneurial programme is tied to Global Impact Visa, which saw 43 permanent residency applications granted last year. A cohort of Edmund Hillary Fellowship participants at a welcome event in August last year. Edmund Hillary fellows have directly invested more than $136 million in New Zealand and helped Kiwi businesses raise more than $551m in capital over the past two years, according to a self-reported survey commissioned by the organisation. The Edmund Hillary Fellowship (EHF) was established in part Want to read more? It's easy.

https://www.nbr.co.nz/business/edmund-hillary-fellows-directly-invested-115m-in-nz-in-a-year/

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Net debt as a proportion of GDP was in line with the Budget forecast. Government spending was up $10.8b in the last fiscal year. The audited accounts for the Government in the year to the end of June show a slight improvement compared with the numbers in the Pre-election Economic and Fiscal Update. The operating surplus was $235 million higher at $5.321 billion, largely due to slightly better than expected investment gains. Want to read more? It's easy. Choose your best value subscription option Get two weeks free access to NBR's Premium Online Subscription, which includes full access to all of NBR's great content on any device.

https://www.nbr.co.nz/politics/the-governments-net-worth-continues-to-rise/

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Retail NZ survey of almost 300 shop owners finds over 90% have been impacted by theft, fraud and aggression in the past year. A Retail NZ report released this morning says retail crime cost the economy $2.6 billion in the year to August 2023, if wellbeing, lost stock and the cost of efforts to curtail crime were all taken into account. Some 92% of 297 respondents who took part in the two month survey held between July and Want to read more? It's easy. Choose your best value subscription option Get two weeks free access to NBR's Premium Online Subscription, which includes full access to all of NBR's great content on any device.

https://www.nbr.co.nz/retail/rising-cost-of-retail-crime-estimated-to-cost-nz-2-6b/

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Morning Brew And BBC's long-standing royalty reporter to resign. Welcome to Wednesday and our wrap of the main global business and politics headlines from overnight.   In New York , the S&P 500 fell 1.2% and the Nasdaq dropped 1.6% overnight after August jobs data in the US showed the number of available positions rose to 9.61 million from less than 9 million, Want to read more? It's easy. Choose your best value subscription option Get two weeks free access to NBR's Premium Online Subscription, which includes full access to all of NBR's great content on any device.

https://www.nbr.co.nz/morning-brew/us-markets-plunge-on-hot-jobs-data-dengue-wracks-bangladesh/

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The supplier backtracked on its decision to cut The Warehouse from its distribution chain and said it had reinstated supply agreements.  The Commerce Commission continues to probe an inquiry filed by The Warehouse. Sanitarium believes its decision to cut the supply of Weet-Bix to The Warehouse was not a breach of the Commerce Act.  In a statement issued this morning, Sanitarium New Zealand general manager Michael Barton confirmed the company received a letter of inquiry from the Commerce Commission on Friday, Want to read more? It's easy.

https://www.nbr.co.nz/business/sanitarium-claims-no-commerce-act-breach-in-weet-bix-issue/

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Morning Brew And Hollywood stars annoyed their AI doubles are in use. No, Tom Hanks is not fronting an Instagram-based dental plan ad campaign, he says. Top of the morning this Tuesday and welcome to our wrap of global business and politics headlines from overnight.   Donald Trump is in a New York court on the first day of a civil fraud trial, after a Supreme Court judge last week found him, his eldest sons, the family's companies, and Trump Want to read more? It's easy.

https://www.nbr.co.nz/morning-brew/yet-another-trump-trial-starts-nobel-for-mrna-vaccine-creators/

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But new draft plan could be out the window if a National-Act government is voted in. Infrastructure rules are expected to enable more permitted activities. The Government has released a more than 500-page draft of its national planning framework, but it could all be scrapped if there is a change of government after the October 14 election. The national planning framework (NPF) is a requirement of the Natural and Built Environment Act which, along with Want to read more? It's easy.

https://www.nbr.co.nz/politics/planning-framework-includes-new-chapter-on-infrastructure/

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Grant Robertson says National has made no provision for its reforms in its fiscal plan. National's campaign chair Chris Bishop. The National Party's campaign chair has dismissed Labour Party criticism that National's Three Waters policy is not funded in the fiscal plan it released last Friday. Chris Bishop said there was no hole in National's Local water done well policy because National's plan supported balance Want to read more? It's easy. Choose your best value subscription option Get two weeks free access to NBR's Premium Online Subscription, which includes full access to all of NBR's great content on any device.

https://www.nbr.co.nz/politics/national-expects-councils-will-fund-water-infrastructure/

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Morning Brew And Thailand's hopes for post-Covid travel buzz. UK chancellor Jeremy Hunt. Ata mārie and welcome to Monday and an overview of the top political and business stories from around the world. First, economic indicators overseas suggested the world's largest economies are performing better than expected since Covid-19. In the UK , revised data showed the economy had grown 1.8% Want to read more? It's easy. Choose your best value subscription option Get two weeks free access to NBR's Premium Online Subscription, which includes full access to all of NBR's great content on any device.

https://www.nbr.co.nz/morning-brew/morning-brew-2-october/

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The party released its policy for small business on Saturday. Act leader David Seymour. The Act Party says it will make Anti Money Laundering (AML) compliance user friendly for small business, in a suite of proposed measures announced today to aid small business. The policy package includes immediately abolishing Fair Pay Agreements and supporting freedom to contract, getting rid of Want to read more? It's easy. Choose your best value subscription option Get two weeks free access to NBR's Premium Online Subscription, which includes full access to all of NBR's great content on any device.

https://www.nbr.co.nz/politics/act-promises-to-make-aml-compliance-easier/

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1 Lower spending track pales into insignificance compared with Act's fiscal plan. WATCH: National leader Christopher Luxon and his deputy Nicola Willis release their fiscal plan. The National Party intends to run lower deficits than Labour over the next three years and record a higher surplus in 2026-27. It released its fiscal plan today, with finance spokesperson Nicola Willis saying it would restore discipline to government spending, lower taxes, and reduce net debt when Want to read more? It's easy.

https://www.nbr.co.nz/politics/nationals-balancing-act-to-get-the-books-back-into-shape/

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Investment The Warehouse will no longer be supplied Weet-Bix from later this week. The Warehouse Group has questioned Sanitarium ceasing its supply of Weet-Bix. The Commerce Commission has confirmed it is looking into an inquiry from The Warehouse Group regarding an alleged supply issue.  In a statement issued to NBR , Comcom chair John Small said, 'we have received information in the past few days from The Warehouse Group in regards to Sanitarium and an Want to read more? It's easy.

https://www.nbr.co.nz/investment/comcom-investigating-warehouse-submission-against-sanitarium/

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New Zealand Media and Entertainment (NZME) has announced the appointment of Tracey Taylor into the newly created role of chief people officer. Taylor has more than 20 years of local and international experience in multi-channel operations, business, and people management across media, sales and marketing agencies, and professional services. Her most recent role was as CEO of Yellow New Zealand. She is also on the board for Diversity Works New Zealand, Anthem, and Co.OfWomen. Sitting on NZME's executive team and reporting to chief executive Michael Boggs, Taylor will lead NZME's Culture and Performance team including human resource matters, wellness, property and facilities, health and safety, recruitment, employer brand, and learning and development.

https://www.nbr.co.nz/comings-and-goings/nzme-appoints-chief-people-officer/

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Morning Brew And The Boss's peptic ulcers take a toll on the rock legend's touring schedule. Bruce Springsteen performing in Oslo in 2019. Top of the morning this Thursday – here's some of the headlines from around the world overnight.   US Army Private Travis King has been extracted from North Korea , after he entered its territory during a tour of the Joint Security Area (JSA) between North and South Korea in July.   US officials said Want to read more? It's easy. Choose your best value subscription option Get two weeks free access to NBR's Premium Online Subscription, which includes full access to all of NBR's great content on any device.

https://www.nbr.co.nz/morning-brew/us-private-extracted-from-north-korea-more-ructions-for-israel/

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The airline also says it is 'participating' in Federal Court action against it by women stripped searched at Doha Airport in 2020. Qatar says the decision gives an advantage to competitors Etihad and Emirates. Qatar Airways executives have told an Australian Senate inquiry they believe their application to add 28 more flights into major gateways had been unfairly rejected, and were 'surprised and shocked' by the Federal Government's decision. Qatar senior vice president Fahti Atti and global sales Want to read more? It's easy.

https://www.nbr.co.nz/australia/qatar-airways-challenges-aussie-rejection-of-extra-flights/

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The former Cabinet minister will be its new commercial director, based in Wellington. Stuart Nash. Global recruitment company Robert Walters has appointed former Cabinet minister Stuart Nash as its new commercial director based in its Wellington office. He starts in the role on October 16. Robert Walters ANZ managing director Shay Peters said Nash brings an invaluable and unique skillset to the Want to read more? It's easy. Choose your best value subscription option Get two weeks free access to NBR's Premium Online Subscription, which includes full access to all of NBR's great content on any device.

https://www.nbr.co.nz/comings-and-goings/stuart-nash-recruited-by-recruiter-robert-walters/

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Tim Grafton will leave the role next April. Tim Grafton. Tim Grafton, the chief executive of the Insurance Council of New Zealand, Te Kāhui Inihua o Aotearoa (ICNZ), will step down from the role next year. After almost 12 years of service to ICNZ, he has signalled his desire to explore new opportunities following the organisation's annual meeting in Want to read more? It's easy. Choose your best value subscription option Get two weeks free access to NBR's Premium Online Subscription, which includes full access to all of NBR's great content on any device.

https://www.nbr.co.nz/comings-and-goings/insurance-council-ceo-resigns/

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Investment NZRegCo says three situations have occurred in last five years where it would have contemplated its new alert tool. Illustration: Michael Hickmott. Stockmarket regulator NZ RegCo is introducing a new 'trade with caution' alert to help mitigate the impact of retail investor and 'meme stock' share price volatility. A note to issues yesterday said the new alert would be effective shortly, and followed a review of NZ RegCo's tools and Want to read more? It's easy. Choose your best value subscription option Get two weeks free access to NBR's Premium Online Subscription, which includes full access to all of NBR's great content on any device.

https://www.nbr.co.nz/investment/meme-stock-trading-threat-sees-new-nzx-alert-launched/

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The Westpac McDermott Miller Employment Confidence Index fell 7.4 points to 98.3 in the September quarter. Confidence about household earnings growth fell slightly. Employment confidence has fallen, as workers ponder their future in the labour market and interest rates and inflation continue to weigh on household budgets. The Westpac McDermott Miller Employment Confidence Index fell 7.4 points to 98.3 in the September quarter. That marked the first time since Want to read more? It's easy.

https://www.nbr.co.nz/economics/employment-confidence-takes-a-turn/

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Morning Brew And young chess grandmaster categorically denies a sex toy helped him to victory. The new-era Birkenstock sandals. Welcome to Wednesday and our wrap of the main business and politics headlines from around the world overnight.   US President Joe Biden has appeared in Michigan to walk the picket line with members of the United Auto Workers union  amid an ongoing strike against the nation's three largest Want to read more? It's easy. Choose your best value subscription option Get two weeks free access to NBR's Premium Online Subscription, which includes full access to all of NBR's great content on any device.

https://www.nbr.co.nz/morning-brew/biden-visits-michigan-picketline-birkenstock-prepares-to-list/

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Investment The $50m capital raising was underwritten by Goldman Sachs and Cannacord Genuity. Eroad has completed its capital raise. Eroad has completed the retail shortfall bookbuild component of its 1 for 2.06 accelerated pro-rata renounceable entitlement offer, with 20.3 million new shares not taken up going to sub-underwriters of the offer at the issue price of 70 cents per share. The offer was underwritten by Goldman Sachs Want to read more? It's easy. Choose your best value subscription option Get two weeks free access to NBR's Premium Online Subscription, which includes full access to all of NBR's great content on any device.

https://www.nbr.co.nz/investment/eroad-completes-raise-with-20m-shares-going-to-sub-underwriters/

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Investment 2 UK coffee brand Triple Two will enter administration in the next few weeks as Covd lag bites. UK coffee brand Triple Two is expected to have administrators assigned soon. Cooks Coffee Company has attributed a permanent shift in work culture to the failure of its UK-based brand Triple Two, but the group still plans to permanently shift to the UK.    This afternoon – just hours before its annual meeting – dual NZX- and Aquis-listed Cooks Coffee Company reported the Want to read more? It's easy.

https://www.nbr.co.nz/investment/coffee-brand-entering-administration-hindered-by-covid-lag/

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Former Airways NZ chief executive returns to local aviation scene. Christchurch Airport. Experienced aviation executive Ed Sims is joining the board of Christchurch International Airport. Ed Sims. Among his previous posts are chief executive of Calgary-based WestJet Airlines Want to read more? It's easy. Choose your best value subscription option Get two weeks free access to NBR's Premium Online Subscription, which includes full access to all of NBR's great content on any device.

https://www.nbr.co.nz/nz-aviation-news/sims-to-join-board-of-christchurch-airport/

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Morning Brew 1 And Lego fails in quest to lower its carbon emissions using recylced plastic in brick production. Russell Brand at a protest in 2014. Ata m ārie this Tuesday – here's our summary of the main headlines from the worlds of business and politics overnight. As morning breaks, the London Metropolitan Police said they've launched an investigation into more allegations of 'non-recent' sexual offenses by comedian Russell Brand . Want to read more? It's easy.

https://www.nbr.co.nz/morning-brew/russell-brands-troubles-compound-amazon-buys-ai-play/

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Investment Analysts question milk processor on what happens if it can't sell its Dairyworks unit by March 31 bank deadline. Synlait chief executive Grant Watson. There were two main issues in analysts' minds on a results conference call with Synlait executives this morning – a looming debt repayment and the relationship with big customer A2 Milk. The result itself, a loss of $4.3 million for the year to July, was no surprise. However, the milk Want to read more? It's easy. Choose your best value subscription option Get two weeks free access to NBR's Premium Online Subscription, which includes full access to all of NBR's great content on any device.

https://www.nbr.co.nz/investment/synlait-has-range-of-options-to-repay-130m-debt/

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He says NZ's trade and tourism depends on reducing emissions. Greens welcome Labour's climate policy but say more needs to be done. The Labour Party would invest another $300 million in New Zealand Green Investment Finance, bringing its total commitment to $1 billion, as part of its climate policy announced today. Labour leader Chris Hipkins said his party would appoint a Minister for Just Transitions to oversee New Zealand's Want to read more? It's easy. Choose your best value subscription option Get two weeks free access to NBR's Premium Online Subscription, which includes full access to all of NBR's great content on any device.

https://www.nbr.co.nz/politics/chris-hipkins-warns-climate-action-will-reverse-under-national/

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