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13 Aug 2026

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Who is responsible for notifying policy changes?

Others sought in alleged $5 million mortgage fraud

Former Sacred Hill executive pleads not guilty to SFO fraud charges
A former Sacred Hill Vineyards executive accused of overstating the value of the company’s wine inventory to secure funding has pleaded not guilty.

This AI just created viruses not found in nature
New York Times: Scientists trained an AI model called Evo using libraries of DNA.

Stuff Group sells Petone printing press to NZME
Stuff Group has announced the sale of its Petone printing press to rival media company NZME, in a deal which will see the NZX-listed firm remove the press and reassemble it at its own site.

Potential damages a snag in oppostion to TSB Bank sale to Heartland
Taranaki residents unhappy with the plan to sell TSB Bank to Heartland are hoping to file an injunction to stop it next week but some are baulking at the possibility they may face damages if the legal challenge fails.

Asian shares are mostly lower as Kospi falls 4% and tech giants decline on Wall Street
BANGKOK (AP) — Asian shares were mostly lower and South Korea’s Kospi dropped more than 4% on Thursday following declines for some Big Tech giants including memory chipmaker SK Hynix.

Commerce Commission takes Foodstuffs South Island to court over supermarket pricing
The commission said it would file civil proceedings alleging Foodstuffs South Island implemented and enforced pricing rules that limited competition between its South Island PAK’nSAVE franchisees.

Mortgage lending dips
The latest Reserve Bank figures show new mortgage lending dropped to $8.3 billion in April from $8.7 billion in March, but up 3.5% from $8 billion in the same month last year.

Link appoints a new general manager
Adviser training boss takes the helm of Link Financial Group (LFG).

ANZ still expects three OCR rises this year
Does the recent fall in oil prices mean that OCR hikes can now be called off?

Fifth drop in amount households spend on interest
The amount households have to spend on interest payments has fallen for a fifth consecutive quarter, despite rising living costs.

Chinese users of AI companions bereft after government tightens regulations
Li Linlin cried for days after losing her AI boyfriend.

Kiwibank hikes one and two-year mortgage rates
Kiwibank has pushed up some of its key fixed mortgage rates, with its one-year special climbing from 4.75% to 4.95%.

‘A bit of a shock’: Mill with 60 workers closes today, two weeks earlier than planned
Juken NZ announced the closure of the Northland Mill in June and the loss of around 60 jobs after the company was unable to find a buyer for the site.

Police raid Starbucks' South Korean HQ over ad campaign that evoked massacre
SEOUL, South Korea (AP) — South Korean police raided the headquarters of Starbucks’ local operation as part of an investigation into a controversial marketing campaign that was perceived as defaming 1980s' pro-democracy movements.

China announces countermeasures against Washington, including controls on drone exports to the US
Tensions are simmering between the world's two biggest economies ahead of an expected visit by Chinese President Xi Jinping to the US in September.

AI-driven Ring Cycle sparks boos at 150th anniversary Wagner Festival
BAYREUTH, Germany (AP) — Richard Wagner likely would have appreciated the cutting-edge technology, if not the reaction.

ANZ CEO to retire
ANZ NZ CEO Antonia Watson to retire; Ben Kelleher to take over.

Single set of expectations from new CCCFA regulator
The FMA has taken over from the Commerce Commission as regulator of the Credit Contracts and Consumer Finance Act (CCCFA).