Aukus pillar 2 smokescreen for nuclear subs: Bob Carr

Bob Carr, pictured with Labour party leader Chris Hipkins, at today's Aukus seminar at Parliament, is also a former NSW Labor premier. (Image: BusinessDesk)

Pattrick Smellie

Thu, 18 Apr 2024

Aukus pillar 2 is no more than an attempt “cobbled together” to try to make the US-UK-Australia defence pact look as if it involves more than a nuclear submarine programme, retired senior Australian politician Bob Carr says.Speaking to a Labour party-convened symposium on the Aukus defence alliance at Parliament in Wellington, the former Labor premier of New South Wales also said it was “science fiction” to believe the so-called “pillar 2” would provide tech sector opportunities for either New Zealand or Aust...

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Finance

Cautious lending keeps lid on default rates – Reserve Bank

Non-performing mortgages have overtaken Covid levels.

Jem Traylen 1:00pm

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Primary Sector

John Penno quits Synlait board as George Adams elected chair

Synlait Milk co-founder John Penno has quit the company’s board, and George Adams has taken over as chair.The debt-laden milk processor told the New Zealand stock exchange (NZX) on Wednesday that Adams, who joined the board in March as an independent director, would take over fro...

Riley Kennedy 9:15am