Investors – including Tim Manning, pictured above – claim the company behind the codex has inappropriately spent their funds.
The Matariki Codex – ground-breaking technology or 20-year rort?
Featured Comment:
"I'm surprised it's not listed on the nzx!"
UDC buyer caught up in Chinese debt probe
China’s banking regulator is reportedly concerned about high leverage.
Inequality myths hide poverty trap
Inequality has been steady since the mid-1990s but concerns over poverty and house prices are rising.
Rear View: The best of NBR week ending June 23
A look back at the highlights of the news week. For links to the featured articles click on the headline above.
Weekly Hit: The first snowflake melts
Todd Barclay’s downfall was a classic Shakespearean tragedy but expect sequels as more 20-something millennials enter Parliament this year.
Featured comment:
"Excellent article, Matthew -- and courageous, as is already evidenced by the outrage from the hand-wringing 'you mustn't say anything negative about our young people' brigade. They all need to harden up."
Carry on: Boeing beats Airbus, '797' unveiled, Skytrax awards and more
One buyer spent $US10.8 billion.
Electric vehicle certification costs cut to encourage EV imports
VINZ will cut its fees for full battery passenger vehicles.
Vector signs multi-million battery storage deal with Territory Generation in Alice Springs
Vector will design, engineer, build and install the battery storage and is responsible for continuing maintenance.
Landlord reclaims an Auckland Nosh store
Retail chain’s proposed relaunch in doubt.
Hunter's Corner: A reality check for a boom sector
If retirement villages are a leveraged bet on rising property prices, what happens when the market turns?
Featured comment:
"Depreciation charges also look low -- for example, $15 million for Ryman last year on $5 billion of assets"
The recipe for takeover success
New Bell Gully report analyses all takeovers since the Code was introduced in 2001 - what works and what doesn't.
Featured Comment:
"So having the directors support the takeover and paying more than the company is valued will more often than not lead to success? Groundbreaking!"
Sellers rule the M&A market but times are changing
The DLA Piper Global M&A Intelligence Report shows share deals remain the most popular.
Kea recognises the Wright stuff
New Zealand is a good market for Tesla co-founder Ian Wright's electric powertrains, he says, "because fuel is so expensive here ... about three times the price it is in the US."
Trump admits he did not record Comey conversations
Tape threat rings hollow.
Featured Comment:
"Let's see if Trump has the guts to testify (as he has offered). Bluff has been called and the emperor has no clothes"
Restaurant Brands sales to exceed $700m in 2018
Restaurant Brands had 212 stores in Australia and New Zealand at the end of the financial year.
Unscrupulous credit-related insurers being held to account
The Financial Services Federation has designed a new responsibility code.
Featured Comment:
"Another really bad practice is the capitalisation of the upfront premiums into the loan amount. This is especially bad with car loans"
Featured Comment:
"Hey Andrew, what about all those unemployed Kiwis you were going on about? Presumably you gave them first dibs at improving their skillset and getting this on their CVs?"
Featured Comment:
"The Whittaker family must be wondering why Mondelez want to score so many own goals"
Featured Comment:
"Bring it on, I say. Andrew Little will probably gain rather than lose votes from this type of publicity"
Featured comment:
"The only "steep learning curve" was he didn't learn to lie as effectively his more experienced "I can't recall" peers"
Featured Comment:
"When super strict Euro6 emissions rules get introduced for both petrol and diesel cars there will be major maintenance and reliability problems with them, which will also encourage electric uptake."
Featured Comment:
"I wonder if the outcome will create issues for brokers?"
Featured Comment:
So we're importing a city almost the size of Palmerston North, in 12 months, without any meaningful corresponding investment in infrastructure ... We are not leaving our young people the same great country we grew up in. We're selling them out to fund our retirement. Sad, sad times.
Business
Seeka forecasts 15% drop in 2017 profit as kiwifruit harvest weaker than expected
The company warned 2017 operating profit may be up to 15% lower than the record $7.8 million in 2016.
Property
Three consortia short-listed to take over 2500 Christchurch Housing NZ properties
The government has been keen on selling Housing NZ properties and outsourcing the tenancies to private providers.
Banking & Finance
NZ dollar spikes as Reserve Bank holds interest rates steady
Inflation spike is temporary and growth will rebound.
"American robo-firms like Liftoff, Betterment and Acorns represent great options for investors starting to build a portfolio. We deserve some similar options here in NZ"
Technology
Uber's chief executive makes his garden leave permanent — but will still have a big influence
PLUS - RAW DATA: Kalanick's email to staff.
"Surely the beauty of driving is, well driving. I even find cruise control boring"
Politics
NZ POLITICS DAILY: Todd Barclay's downfall – who loses and why
The biggest long-term impact of the scandal might be to contribute to a nascent anti-Establishment feeling within the New Zealand electorate.
"How convenient! Of course, Barclay was forced out so that English could continue to pretend that he hasn't been covering up. Plus Barclay can continue to vote as a National MP until the election"
"The question now is whether his lack of integrity will take down the National government. Shocking that he has not got that basic self awareness"
Law & Courts
Supreme Court judges mull interpretation of Employment Relations Act in Affco, meatworkers case
Affco was the first company to apply for an end to bargaining under the legislative changes.
Media
The ads that most offend TV viewers
The Advertising Standards Authority rejected a majority of the most complained about ads.
"It's ironic that Trump is increasing the readership and profitability of the media companies he hates"
"Great column, sums up Colin Craig to a tee...."
Appointments
Graeme Birkhead becomes the NZIOB's 18th national president
The New Zealand Institute of Building (NZIOB) has a new national president, construction industry executive Graeme Birkhead.
NBR Rich List
People Scene
Appointments
NBR Special Report
