There's been a raft of departures of companies from the NZX as investors see value that local stakeholders do not. Victoria also discusses Futureverse, the company that took a half-a-billion-dollar bet on the Metaverse, and has now gone into receivership. And Deloitte have been caught using generative AI to write a report for the Australian Government that included a made-up quote from a Federal Court judgement, and three academic references that did not exist. BusinessDesk editor, Victoria Young.
All content for Nine To Noon is the property of RNZ and is served directly from their servers
with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
There's been a raft of departures of companies from the NZX as investors see value that local stakeholders do not. Victoria also discusses Futureverse, the company that took a half-a-billion-dollar bet on the Metaverse, and has now gone into receivership. And Deloitte have been caught using generative AI to write a report for the Australian Government that included a made-up quote from a Federal Court judgement, and three academic references that did not exist. BusinessDesk editor, Victoria Young.
There's been a raft of departures of companies from the NZX as investors see value that local stakeholders do not. Victoria also discusses Futureverse, the company that took a half-a-billion-dollar bet on the Metaverse, and has now gone into receivership. And Deloitte have been caught using generative AI to write a report for the Australian Government that included a made-up quote from a Federal Court judgement, and three academic references that did not exist. BusinessDesk editor, Victoria Young.
Business sentiment has fallen to its lowest level in the year with firms cutting staff and investment amid weak demand and stalled growth. The Institute of Economic Research's September quarter business survey shows a net 15 per cent of respondents think economic conditions will improve in coming months, compared to 26 per cent in the June survey. A net 14 per cent of firms reported a fall in their own trading, an improvement on the previous quarter, but the number expecting a future improvement halved to 9 per cent. Firms planned to keep cutting jobs and cut back on investment as they faced higher costs and are being forced to raise prices. Gyles Beckford is the RNZ's business editor.
The 10th annual Taupo Winter Festival is reported to have been another success with thousands turned out to enjoy the vibrant programme. There's a proposal to drop the speed limit on a key part of the road that goes around the lake from 100km/h to 60km/h. And Jesse talks about the Great Lake Film Society's involvement in the 48 Hours film festival.
Political scientist Dr Carlo Masala on what could happen, if the conflict in Ukraine is settled on terms advantageous to Russia. How far is NATO really prepared to go to defend one of its member states?
The amount is less than half of the $300 million initially offered to ASB to settle in July. However, the final settlement is still subject to court approval.
According to the survey - just released by the social services provider Barnardos - this is due to financial pressures, unstable home environments, bullying, and worries about the future.
Big demonstrations in European capitals against war in Gaza, far-right leaders hail win by populist billionaire in Czech election, Georgian PM accuses EU of attempting to meddle in its affairs, and drone sightings force runway closures at Munich airport.
In a recent survey of 100 businesses in around Auckland's Queen St, 91 per cent said their operations are being impacted by rough sleeping and begging.
Our comedians Donna Brookbanks and Elisabeth Easther with some of the funnier stories of the week including the case in Northern California, where police pulled over a driverless taxi after it made an illegal U-turn, only to find no driver behind the wheel and therefore, no one to ticket.
There's been a raft of departures of companies from the NZX as investors see value that local stakeholders do not. Victoria also discusses Futureverse, the company that took a half-a-billion-dollar bet on the Metaverse, and has now gone into receivership. And Deloitte have been caught using generative AI to write a report for the Australian Government that included a made-up quote from a Federal Court judgement, and three academic references that did not exist. BusinessDesk editor, Victoria Young.
