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Taxing Multinationals: EU Ruling Sours Apple

Shares of Apple slid, down 0.9 percent as of 3.08pm in New York, after the European Commission ruled that Ireland granted the company undue tax benefits of up to 13 billion euros (US$14.5 billion)—"illegal aid” under EU rules that the commission says Ireland now must recover from Apple. More>>

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NZX Review: Best Practice Code Recommends Code Of Ethics

NZX, the sharemarket operator, is seeking feedback on proposed changes to its corporate governance best practice code including a published code of ethics, rules about share trading and continuous disclosure, and more transparency over board appointments and chief executive pay. More>>

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Signs Of Life? SETI On Russian Space(?) Signal

A star system 94 light-years away is in the spotlight as a possible candidate for intelligent inhabitants, thanks to the discovery of a radio signal by a group of Russian astronomers... Could it be a transmission from a technically proficient society? At this point, we can only consider what is known so far. More>>

Post-Post: Brian Roche To Step Down As NZ Post CEO

Brian Roche will step down as chief executive of New Zealand Post in April 2017, having led the state-owned postal service's drive to adjust to shrinking mail volumes with a combination of cost cuts, asset sales, modernisation and expansion of new businesses. More>>

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Company Results: Air NZ Rides The Tourism Boom With Record Full-Year Earnings

Air New Zealand has ridden the tourism boom and staved off increased competition to deliver the best full-year earnings in its 76-year history. More>>

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New PGP: Sheep Milk Industry Gets $12.6M Crown Funding

The Sheep - Horizon Three programme aims to develop "a market driven, end-to-end value chain generating annual revenues of between $200 million and $700 million by 2030," according to a joint statement. More>>

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Half Full: Fonterra Raises Forecast Milk Price
Fonterra Co-operative Group Limited today increased its 2016/17 forecast Farmgate Milk Price by 50 cents to $4.75 per kgMS. When combined with the forecast earnings per share range for the 2017 financial year of 50 to 60 cents, the total payout available to farmers in the current season is forecast to be $5.25 to $5.35 before retentions. More>>

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Keep Digging: Seabed Ironsands Miner TransTasman Tries Again
The first company to attempt to gain a resource consent to mine ironsands from the ocean floor in New Zealand's Exclusive Economic Zone has lodged a new application containing fresh scientific and other evidence it hopes will persuade regulators after their initial application was turned down in 2014. More>>

Wool Pulled: Duvets Sold As ‘Premium Alpaca’ Mostly Sheep’s Wool
Rotorua business Budge Collection Limited (Budge) and sole director, Sun Dong Kim, were convicted and fined a total of $71,250 in Auckland District Court after each pleading guilty to four charges of misrepresenting how much alpaca fibre was in their duvets. More>>

Reserve Bank: Labour Calls For Monetary Policy To Expand Goals
Labour's comments follow a speech today by RBNZ governor Graeme Wheeler in which Wheeler sought to answer critics who variously say he should stop lowering interest rates, lower them faster, or that inflation-targeting should no longer be the primary goal of the central bank's activities. More>>

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BSA Extension And Sunday Morning Ads: Digital Convergence Bill Captures Online Content
Broadcasting Minister Amy Adams has today announced the Government’s plans to update the Broadcasting Act to better reflect today’s converged market... The Government considered four areas as part of its review into content regulation: classification requirements, advertising restrictions, election programming and contestable funding. More>>

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March 2017: Commerce Commission Delays Decision On Fairfax-NZME
The Commerce Commission has delayed its decision on the proposed merger between NZME and Fairfax Media's New Zealand assets, saying the deal is complex and it needs more time to assess the impact on both news content and the advertising market. More>>

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Plan Plan: Permanent Independent Hearings Panel Proposed For Planning
The Productivity Commission recommends creating a permanent independent hearings panel like the one that cut through local politics to settle Auckland’s Unitary Plan, for the whole country. More>>

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Statistics: NZ Jobless Rate Falls To 5.1% Under New Methodology
New Zealand's unemployment rate fell more than expected in the second quarter as Statistics New Zealand adopted a new way of measuring the labour market to bring the country in line with international practices, and while a growing economy continued to support jobs growth. More>>

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Eggs-it Strategy: Countdown Programme For Free Range And Barn Launches
Countdown has today launched an Egg Producer Programme to support free range and barn egg farmers to increase the supply available for Countdown stores and our customers. More>>

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(Past $1.5mil Now): ParrotDog Raises $1.2million In 12 Hours
Wellington-based craft brewers ParrotDog launched their equity crowdfunding campaign yesterday, and raised their minimum goal of $1,200,000 in less than 12 hours. More>>

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Biodiversity: Collaborative Group To Improve Nature Protection
A new collaborative group involving environmental and landowner organisations has come together to improve national policy on protecting nature on private land, Environment Minister Nick Smith announced today at the Environmental Defence Society’s ‘Wild Places’ conference in Auckland. More>>

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Taking Stock: NZ Sheep Numbers Lowest Since The 1930s Depression
New Zealand now has about seven sheep for every person, down from 22 per person in 1982 when there were more than 70 million sheep… The number of breeding ewes fell 3.1 percent, the 10th consecutive annual decline. More>>

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Various Fraud Cases: Transport Ministry Manager Charged Over $726,000 Fraud
A former senior manager at the Ministry of Transport has appeared in the Manukau District Court charged with three counts of dishonestly taking or using a document in relation to a $726,000 fraud. More>>

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Supplementary Questions: Landcorp Ditches Palm Kernel Feed
Landcorp Farming, the state-owned farmer, will stop using palm kernel expeller on its farms in the current financial year to shore up its environmental sustainability credentials. More>>

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Broader Bands: Rural Broadband Initiative Phase One Complete
The first phase of the Government’s Rural Broadband Initiative (RBI) is now complete, benefitting 300,000 homes and businesses, says Communications Minister Amy Adams. More>>

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Kiwifruit: Zespri Suspends Shipments To China
Aug. 5 (BusinessDesk) - Zespri International has temporarily halted exports to China while it puts in place new checking protocols after Chinese authorities tagged the fruit marketer when four containers of kiwifruit were found with a fruit-rotting ... More>>

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