Jacinda Ardern is in labour so Winston Peters is now Acting Prime Minister.
Donald Trump threatened to impose tariffs on US$200 billion of Chinese imports. China promised to retaliate. Trump said he would add another $200 billion if China did. The Kiwi dollar fell below 69 USc. David Parker agreed to exempt Singaporeans from the foreign buyers ban to allow the CPTPP to go ahead. Kris Faafoi announced plans to toughen rules on beneficial ownership and director identification. A major inquiry into a firm of private investigators used by Government agencies was launched.
Nelson-based aquaculture firm New Zealand King Salmon Investments believes fish-farming in Cook Strait, using newly emerging submersible technology being developed in Norway, is the route to realising its ambitions for expansion. Pattrick Smellie from Business Desk reports.
The government's directive to the Overseas Investment Office to raise the bar in overseas applications to buy sensitive New Zealand land has scared away tens of millions of dollars in investments in rural property and will hurt farm values, real estate firms say. Jonathan Underhill from BusinessDesk reports
A nurses strike looms within a fortnight unless the Government can either stonewall unions in final negotiations or relax its fiscal pursestrings a bit. The Government has relented slightly on its foreign buyers ban, allowing foreigners to hold on to new apartments and hotel units they provide the capital to build. But rest home operators and wine companies missed out on the exemptions they hoped for.
Deputy Prime Minister Winston Peters doubled down on last week's New Zealand First party attacks on the performance and leadership of Fonterra, saying the country's largest business was costing the economy more than $2 billion from food safety and animal welfare scares.
Donald Trump launched US$50 billion of new tariffs against technology imports from China. Beijing retaliated immediately with tariffs on US$50 billion worth of US beef and poultry imports. Simon Bridges announced he wanted a bi-partisan approach on climate change, but did not commit to a carbon neutral target and said he would not accept "extreme" policies that increased household costs unnecessarily or damaged the economy.
A senior Kiwi diplomat criticised her Wellington bosses for their scrutiny of a deal with United States lobbyists, saying they were “driving me crazy” and telling the Americans to disregard a timeline inserted into the contract. Sam Sachdeva reports.
State Services Commissioner Peter Hughes has announced a raft of senior appointments in New Zealand's public service all at once, with five CEOs bouncing into other ministries.
The 8 things that mattered this week included big Government decisions on mycoplasma bovis and methamphetamine contamination of houses, the return of Heather 'H2' Simpson to oversee a major and potentially problematic health sector review, fresh criticism of New Zealand as the 'soft-underbelly' of the Five Eyes security alliance, Rob Everett's warning to banks operating at the 'edge of the law', the Law Society's mea culpa in the wake of the #metoo moment at Russell McVeagh, the frustrating weakness in business confidence and the latest turmoil around Donald Trump's trade wars and the eurozone debt crisis.