Green MP pleads guilty to all charges

March 14, 2024

Good Morning,

The legal career of disgraced former Green MP and admitted shoplifter Golriz Ghahraman could be in tatters after she pleaded guilty to all charges in court today, a legal expert says, A leading aviation lawyer says passengers onboard a horror Latam Airways flight that plunged mid-trip from Sydney to Auckland should receive compensation, Prime Minister Christopher Luxon has defended reinstating interest deductibility for landlords and Google has confirmed it is restricting the types of election-related questions users can ask its Artificial Intelligence (AI) chatbot Gemini.

Let's jump in.

Before The Bell

Markets

  • U.K. gross domestic product grew 0.2% in January, the Office for National Statistics said Wednesday, as construction output jumped unexpectedly. (CNBC)

  • Stocks struggled for momentum in the wake of a record-breaking session on Wall Street, as a rally in China took a breather and Japanese shares slipped on rate-hike bets. (BBG)

Earnings and Data

  • Cathay Pacific Airways Ltd. has finally shaken off the lingering effects of the pandemic, reporting a record operating profit. (BBG)

News Summary

  • The legal career of disgraced former Green MP and admitted shoplifter Golriz Ghahraman could be in tatters after she pleaded guilty to all charges in court today, a legal expert says. (Herald)

  • A leading aviation lawyer says passengers onboard a horror Latam Airways flight that plunged mid-trip from Sydney to Auckland should receive compensation for any ongoing medical treatment required. (Herald)

  • TVNZ union members have raised serious concerns about a proposal to restructure the newsroom at the public broadcaster. (Stuff)

  • Prime Minister Christopher Luxon has defended reinstating interest deductibility for landlords, saying renters will be grateful costs are not being passed on to them. (Stuff)

  • A avalanche that has claimed the lives of two New Zealand skiers in Japan has stirred emotions for a mother who lost her son there 24 years ago. (RNZ)

  • Both Joe Biden and Donald Trump won primary elections in Georgia, Mississippi and Washington state on Tuesday, soldidifying a rematch a majority of voters aren’t looking forward to. (Guardian)

  • Inspired by spectacular Ukrainian hits on the Russian navy, Taiwan will order 200 automated sea drones to thwart a Chinese invasion, according to reports. (9 News)

  • Google has confirmed it is restricting the types of election-related questions users can ask its Artificial Intelligence (AI) chatbot Gemini. (BBC)

  • Chinese smartphone company Xiaomi announced Tuesday it would formally launch its long-awaited electric car on March 28. (CNBC)

Deal Flow

Investments / M&A

  • Singtel is in advanced discussions to sell Optus, Australia’s second-largest telecommunications group, to Toronto-headquartered private equity giant Brookfield in what would be a blockbuster deal worth some $16 billion, Street Talk can reveal. (AFR)

  • GPG Australia, the renewables platform put up for sale by Naturgy and Wren House Infrastructure, has snagged the attention of a couple of Australia-based big shots. (AFR)

  • Canadian infrastructure giant Brookfield’s private hospitals business Healthscope has called in restructuring specialists, as health insurers tighten the screws on payouts.(AFR)

Equity Raises

  • Shares of Arm Holdings, the British chip designer backed by Softbank Group (9984.T), opens new tab, gained 2.1% to $129.50 on Tuesday as markets braced for increased trading activity following the expiration of the lockup period tied to its blockbuster initial public offering (IPO). (RT)

  • German perfume retailer Douglas aims to sell as much as €907 million ($991 million) of stock in its initial public offering, as owner CVC Capital Partners capitalizes on a rebound in European listings. (BBG)

Debt

  • Government-owned broadband provider NBN Co is zipping around London, accompanied by five banks, testing the waters for a billion-dollar Euro bond. (AFR)

Daily Picks

  • The operator of the Whakapapa skifield has received another Government bailout, but Regional Development Minister Shane Jones insists it is the last one. (Herald)

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