Episode Transcript
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Speaker 1 (00:04):
Good afternoon. I'm Wendy P. Tree and this is your
afternoon news fixed for Wednesday, the twenty seventh of August.
Big changes to the supermarket landscape. The Government's planning to
remove barriers to competition to fight the supermarket duopoly. They've
agreed to qualify supermarkets that would improve competition for a
fast track scheme, with legislation expected to pass by the
(00:26):
end of the year. Finance Minister Nicola Willis says the
governments not proposing funding a new supermarket, but she has
confirmed they've been in talks with Costco about plans to
open more stores. Its single West Auckland store has already
improved competitive dynamics in that local area and created a
new export pathway for several New Zealand food supplies. Donald
(00:47):
Trump's not expected to budge on tariffs, but New Zealand
and the US are discussing non tariff trade barriers. The
Prime Minister's defending Trade Minister Todd mcclay's visit to the US,
despite admitting Trump's views on tariffs are very clear. It
comes after the administration announced tariffs would rise from ten
to fifteen percent. Chris Luckson says ongoing dialogue with trading
(01:10):
partners is important. We can agree to disagree on the
tariff situation and we'll continue to make our position care
on that, but also we've got to crack on and
actually work through other trade issues as well. More money
could soon circulate through the economy as the government opens
up the country to more overseas business people. Under its
new Business Investor VISA, Foreign investors who put in at
(01:32):
least two million dollars into a KeyWe business will be
granted a twelvemonth fast track to residence pathway. People who
invest one million dollars will be given a three year
work to residence option. ABC Business Sales Managing Director Chris
Small says more capital needs to be brought in. When
that capital goes to an usy on business owner, that
gets recycled back into our economy, you know, whether they
(01:53):
leave it to their children or they buy something else,
invest in it somewhere else. Emergency services are unsure how
a person came trapped in an old mine shaft on
the West Coast this morning. They were called to Tyneside
Mine east of Greymouth and extracted a person in a
serious condition. The Department of Conservation says the mine shaft
is securely fenced. Concern that still aren't getting the message
(02:17):
around port safety nine months after National Standards were introduced.
The standards create a set of rules for unloading and
loading cargo. Maritime Union national Secretary Carl Findlay says some
companies are implementing them much better than others. He says,
while he won't name names, he has talked with companies
about fatigue issues. They're as point as that think okay
(02:40):
to work sixty to seventy hours, have twelve hour shifts
for you have two half hour breaks. Two sport Now
and twenty twenty three champion Coco Golf has survived a
first round scare at the US Tennis Open on day three.
New Zealand Rugby is expressing its deep sadness at the
(03:01):
passing of former mariol Black and New Zealand seven's player
Shane Christie at the age of thirty nine years old.
A statement from the national body said Christie's passion for
the game will always be remembered in the thinking of
his Farno family and teammates, and Adam O'Brien's tenure as
(03:21):
Newcastle Knights coach appears increasingly fragile, with the NRL club
canceling media commitments ahead of Sunday's clash with Crinella. I'm
Wendy P. Tree. That's your latest news fix. We'll be
back with the next update tomorrow morning from the News
Talk SAIDB newsroom.