Episodit
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French police have arrested at least 20 people following a number of kidnapping plots targeting cryptocurrency entrepreneurs and their families.
Authorities said the arrests were connected to investigations into a recent abduction attempt in Nantes - and another attempted kidnapping in Paris in May.
UK correspondent Gavin Grey unpacks the investigations.
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The Reserve Bank cut the Official Cash Rate by 25 basis points to 3.25 percent.
The markets had already priced a rates cut in - but there was some uncertainty emerging after the announcement took place.
Milford Asset Management's Remy Morgan explains further.
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The Reserve Bank delivered their quarterly update on the OCR - but there was a hawkish undertone this time round, according to experts.
The central bank cut the Official Cash Rate by 25 basis points to 3.25 percent, in line with expectations from economists.
Despite this, NZ Herald Wellington business editor Jenee Tibshraeny noted there were some concerns about the economic future.
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Tonight on The Huddle, Jordan Williams from the Taxpayers' Union and Jack Tame from ZB's Saturday Mornings and Q&A joined in on a discussion about the following issues of the day - and more!
The Government's latest OCR update was delivered this afternoon - what did we think of it? Are we getting dangerously close to 'stagflation' territory?
Should we stop contributing so much to MPs' KiwiSavers?
Movie theatres are seeing a revenue decline - do you still go to the movies?
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Some complex airline problems might be solved with another type of aircraft now operating in an Auckland warehouse.
Air New Zealand has teamed up with Spark, Ericsson and Canadian firm Cypher Robotics to deploy a robot-tethered drone.
The airline and the telco said they worked together to create New Zealand’s first private 5G network for business.
Mark Beder, Spark New Zealand customer director for enterprise and government, says the size and height of the warehouse has presented challenges.
"It's about how they can do this more efficiently and more effectively over time."
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On the Heather du Plessis-Allan Drive Full Show Podcast for Wednesday, 28 May 2025, the Reserve Bank has cut interest rates but things are much more uncertain for the future. Westpac chief economist Kelly Eckhold told Heather it's significant that the Monetary Policy Committee didn't come to a unanimous decision.
Hairdresser Hailey Ashton with her verdict on the new rules for hairdressers and barbers - and why she still won't let people bring their dogs to the salon.
86% of new homeowners have to call a tradie back in to fix something shortly after they move in. Master Plumber boss Greg Wallace tries to defend the tradies.
Warehouse chair Dame Joan Withers on the Warehouse's new boss - and how she thinks the economy is going right now.
Plus, the Huddle debates why we're not going to the movies anymore and whether we should top up our MPs Kiwisavers.
Get the Heather du Plessis-Allan Drive Full Show Podcast every weekday evening on iHeartRadio, or wherever you get your podcasts.
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I don't really want to have to start on a bum note, but if there is a thing that we do on the show, it's honesty. So let's be honest about it.
What the Reserve Bank decision told you today is how much trouble our economy is in. If you're in business, you already know this and you don't need me to tell you this.
I was talking to a couple of CEOs yesterday. They were telling me they cannot see the green shoots - we've been waiting. We were told - survive til '25, we're halfway through and we're still stuffed.
Well, let me tell you what we got today. We got a 25 basis point cut. We needed 50 percent because that OCR is still too high. It's now sitting at 3.25 percent.
It's probably actively still dampening our economic growth because I think the consensus is that 3 is neutral, and we're not there yet.
But they could not give us a bigger cut today.
And even they must realize how much damage they're doing, because they themselves have admitted that the economy is even more stuffed than they thought it was as recently as February, when they last met.
Back in February, they predicted that in the first quarter of this year, we would have seen growth of 0.6 percent. They have revised that down to 0.4. This quarter that we're in right now, they forecast that we would be growing at 0.6 percent. They just halved that to 0.3 percent.
Next quarter, they thought would be 0.5 percent. They've taken that down to 0.2 percent. That's not good. That's bad.
And now, why couldn't they give us a bigger cut to help us along? Because they might set off inflation again if they do.
We just saw a rise in inflation the other day, and there is potential for it to keep on creeping up.
We've got dairy prices going up, we've got electricity prices going up, we've got rates going up - I could go on and on and on.
The Budget that we just had last week is not super deflationary, is it?
And their job at the Reserve Bank, remember, is not to help the economy grow. That is not their job. Their job is to contain inflation, and it's kind of borderline, and they can't take any chances there.
Could we have a touch of the old stagflation back? No growth, prices going up? Feels a bit like that's a risk at the moment, isn't it?
Now, I hope not, but 'I hope' is not a strategy.
And yet, what else have we got left when even the Reserve Bank can't get out of the economy's way?
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The Warehouse Group has appointed a new CEO after a lengthy search to fill the role.
Mark Stirton, who joined the company in April last year, will head the group from August 1.
Chair Dame Joan Withers says Stirton has basically completed a one-year job interview - and has continued to impress the board.
"Rather than just anoint someone internally, we went through that thorough process so that we could be absolutely confident we got the best possible person for the job."
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A lawyer's surprised police aren't taking investigations further, following the death of a Palmerston North teen playing a 'Run it Straight' game.
19-year-old Ryan Satterthwaite suffered a serious brain injury on Sunday participating in the sport - and died in hospital on Monday.
The tackling competition is big on social media.
Lawyer Matt Goodwin says most people participating would know there's a serious risk of injury, even death.
"So in assuming that risk, I think the question is whether it's something that's acceptable."
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There's hopes poor financial results don't spell the final act for cinemas.
Revenue dropped for all the Hoyts, Reading and Event Cinemas chains in 2024.
Auckland's Capitol Cinema co-owner Roger Wyllie says the combination of Covid and the Hollywood writer's strike brought tough times.
He says there are good movies out there - but interest is low.
"We've probably done 40 percent on pre-Covid with people coming through the door."
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A hairdresser says the industry has lots of 'silly little rules'.
Cabinet has agreed to all the Ministry for Regulation's recommendations - allowing drinks and dogs if businesses want them.
Rules about the spacing of chairs and how bright lights are will also be scrapped from July.
Hairdresser Hailey Ashton says she's always offered tea and coffee, but she might decline to invite the pooches.
"I've got clients I know are quite afraid of dogs - we've actually had someone bring their dog in, sit on their lap and then vomit all over our floor."
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The Reserve Bank's Monetary Policy Committee revealed it failed to reach a consensus today - before they voted to cut the OCR 25 basis points to 3.25 percent.
But Westpac Chief Economist Kelly Eckhold says that's surprising.
He explained that the fact someone is prepared to put their hand up and say they wouldn't support the move shows it was more a line-ball call than they were expecting.
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The Prime Minister's brushing off criticism from Wellington's mayor.
Speaking to Newstalk ZB today, the PM hit out at the city's cycleway rollout and water management - saying other cities are moving forward.
Tory Whanau says Luxon should focus on coalition issues and the problematic Government's school lunch roll out, not punching down on the capital.
Newstalk ZB political editor Jason Walls unpacked Tory Whanau's response.
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A message sent to the Trump administration - by King Charles from Canada's throne.
The monarch has given the traditional throne speech to mark the opening session of Canada's parliament.
As the US President speaks of his desire to annex Canada, the King's presence is seen as a show of sovereign support.
US correspondent Jonathan Kearsley says King Charles and Canada were looking to send Trump a message, but not a direct call-out.
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Warriors coach Andrew Webster has joined the chorus wanting a mid-season break in the NRL to play representative rugby league - and stop disruption to club sides.
State of Origin - which gets underway tonight in Brisbane - saw 36 of the top players in the competition unavailable for selection over the weekend amid a truncated five-game schedule.
Sportstalk host D'Arcy Waldegrave explains further.
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Almost everyone who moves into a new house needs to call back a tradie to deal with a defect, according to new reports.
Data in the new BRANZ Build Insights dashboard shows that after they had moved in, 86 percent of new homeowners needed to call back their builder or other tradesperson to fix something after they've moved in.
Greg Wallace, CEO of Master Plumbers, says tradies need to focus on getting things right the first time.
"There is no benefit for a tradesman to go back and have, no charge to the consumer, to rectify a problem."
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A horror car ramming at a Liverpool Football Club victory parade is not being treated as terrorism.
47 people were injured when a car ploughed into the crowd celebrating the Premier League title win - seriously injuring two, including a child.
A 53 year old British man from Liverpool has been been arrested.
UK correspondent Elizabeth Callaghan says tens of thousands were out on the streets celebrating - and the attack has been described as 'appalling'.
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All eyes will be on the Reserve Bank tomorrow afternoon, when stand-in Reserve Bank Governor Christian Hawkesby delivers the bank's latest monetary policy statement.
A 25 basis point cut to the OCR to 3.25 percent is taken as a given - but experts are wondering what the future path of interest rates will look like.
HSBC chief economist Paul Bloxham explained further.
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The 2025 Budget has come and gone, but the Finance Minister has confirmed raising the superannuation age was still on National’s radar after they campaigned on it in the last election.
She's explained it was not on their mandates or the coalition agreement - but changes need to be phased in.
Infometrics principal economist Brad Olsen weighed in on the ongoing debate.
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Tonight on The Huddle, Thomas Scrimgeour from the Maxim Institute and Ali Jones from Red PR joined in on a discussion about the following issues of the day - and more!
Have police and the Government made a mistake saying every crime will be investigated after yesterday's controversial memo leak? Should they have tried to clarify?
A teenager has died after a combative run it straight-style game with friends went wrong. Should we try and crack down on this - or is it too late?
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