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Episode Transcript
Good afternoon, I'm Railing Ramsey. This is your afternoon news
fix for Monday, the fourth of May. Financial Markets Authority
chair Craig Stowbo has resigned after an independent review into
his conduct. It found he voiced too many political views
as someone in an a political public sector role and
(00:23):
didn't meet the expected standards of political neutrality his senior
political reporter, Azaria Howe.
Speaker 2 (00:29):
The review found Craig Stowbo made political comments in the
media and his public submission on the Treaty Principal's Bill
appeared to contradict the authority's MAORI strategy. Commerce and Consumer
Affairs Minister Cameron Brewers says his resignations appropriate and this
will protect confidence in the FMA twelve.
Speaker 1 (00:49):
Ships steaming towards New Zealand are helping swell our fuel stocks.
As of Wednesday last week, jet fuels risen markedly to
give us fifty eight point seven days landed or en route.
That's a rise of nine point six days worth diesels
at fifty two point seven up six point six. Petrol
has dipped by zero point two days to fifty two
(01:11):
point six reassurance we shouldn't worry about our budget. Airlines
as a US carrier shuts down. Spirit Airlines filed for
bankruptcy in twenty twenty four and twenty twenty five and
is now winding down operations and has canceled all flights
after failing in a bid for a government bailard to
(01:31):
manage rising jet fuel prices. Aviation commentator Irene King says
New Zealand airlines aren't at risk of shutting down, but
should still be watching cash flowing, might be dealing fuel
prices changing every five to six days, and that's a real.
Speaker 3 (01:48):
Real problem.
Speaker 1 (01:49):
A warning for customers of a Wellington deli and diner
after a third measles case. It's linked to an earlier
infection at Newtown's Mediterranean Foods Tratoria and Delhi. The latest
case visited on April nineteen, between five thirty and eight
thirty pm. Hospitality in z says ED broadly supports proposed
(02:09):
changes to work a leave entitlements. The Employment Leave Bill
aims to make it easier to pay workers and introduces
pro rata calculations of sick and annual leave. Full and
part time employees are all entitled to ten days sick leave,
but under the new system, part timers would only accrue
sick leave for hours worked. Hospitality and ZIR Chief executive
(02:32):
Christy Phillips says it strikes the right balance co writer
of sick leave.
Speaker 2 (02:36):
That's something that our members have been calling for for
a number of years.
Speaker 1 (02:41):
Police have seized property, vehicles and cash after a crackdown
on drugs and money laundering and Gisbon Investigations kicked off
when more than five hundred and fifty thousand Australian dollars
were found in a traveler's belongings at the border last year.
Joey Dwyer reports.
Speaker 3 (02:58):
The money was likely linked to criminal weak activity in
Australia and reinvested in property in New Zealand. One person's
been charged. Authorities seized a house, five vehicles, bank funds
at about forty two thousand dollars in cash after searching
among a paper address last week. Investigations continue.
Speaker 1 (03:17):
Two Sport, the Crusaders will have to face the Blues
in another crunch Super Rugby Derby without Will Jordan, the
All Blacks fullback, has missed the side's last four games
with a carf injury. The Warriors will avoid coming up
against Broncos center Cartni Staggs when they return to action
next week weekend. That is, in NRL's Magic Round, Stags
(03:39):
is accepted an early guilty plea and a two game
ban for a high shot on the Rooster's Hugo Savala
Shane Van Gisberg and has finished in seventeenth in his
latest NASCAR race against Texas Motor Speedway. That is your
latest news fix. We'll be back with the next update
tomorrow morning from the newstalk Z the news Room
Speaker 2 (04:04):
M HM.
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