News in Brief
News in Brief
Law & Regulation
Guilty pleas in criminal cartel case
Half of the defendants in New Zealand’s first criminal prosecution of cartel conduct have pleaded guilty.In December, the Commerce Commission filed charges against two construction companies and two directors of those firms for allegedly rigging bids for publicly funded projects....
Startups
Kiwi methane venture gets $13.5m boost
AgriZeroNZ and the New Zealand Agricultural Greenhouse Gas Research Centre are investing $13.5 million in a methane vaccine.AgriZeroNZ is providing $8.5m, while NZ Agricultural Greenhouse Gas Research Centre (NZAGRC) is providing $5m to Lucidome Bio, spearheading the next phase i...
Kirsty Godfrey-Billy to step down as Xero CFO
Kirsty Godfrey-Billy will step down as Xero CFO on March 31, 2025. Godfrey-Billy has been at Xero for nine years, including more than six as CFO.“As CFO, and before that as chief accounting officer, Kirsty has helped to lead Xero’s significant growth as a global business and our...
Australian Associated Press
US central bank cuts rates by half a percentage point
The US central bank announced its first interest rate cut in over four years.
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