America's Cup spending row settled

Tue, 22 Dec 2020

Warring parties in the messy wrangle over the cost of running the America’s Cup have put aside their differences after mediation.The Ministry of Business, Innovation and Employment, Emirates Team New Zealand and America’s Cup Events say they have all agreed that costs charged to the government had been made legitimately.MBIE said it is “satisfied that event investment in relation to the Crown’s contribution has been or will be properly incurred by ACE.”MBIE’s concerns over America’s Cup expenditure &nda...

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Politics

Govt reshuffle: Lee demoted, Simmonds loses portfolio

Melissa Lee has been stripped of her media and communications portfolio and dropped from the cabinet, prime minister Christopher Luxon announced today.He has given Paul Goldsmith the portfolio after Lee was widely criticised over her public handling of the numerous issues facing...

Staff reporters 1:20pm

Economy