Russian Roulette!

Good Morning,

Luxon is standing firm on refusing to recognise Palestine, while Justice Minister Paul Goldsmith says Parliament is ready to overrule tikanga-based court rulings if it thinks the law needs “clarity.” Overseas, the UK is about to make digital IDs mandatory just to work, Europe is warning Russia it will shoot down jets if pushed… and then doing so when Russia sends drones to Ukraine…and Germany claims Moscow is now shadowing its satellites. The US has reportedly revoked Colombia’s President Petro’s visa after he told soldiers to ignore Trump, and fresh Epstein files have dragged both Elon Musk and Prince Andrew back into the headlines. Back home Wools of New Zealand has signed a major China agreement to boost wool demand, Fonterra is eyeing strong export returns and new trade deals, but it’s not all positive — Sealord has announced fresh job cuts in Nelson. HealthPost CEO Abel Butler talks scaling e-commerce with sustainability still front and centre.

Let's jump in.

Before The Bell

News Summary

• Luxon speaks on decision not to recognise Palestine’s statehood. (Stuff)

• Five articulated buses ordered for Wellington’s busiest route. (RNZ)

• Paul Goldsmith says that Parliament is prepared to overrule tikanga maori judgements that the courts have made to provide clarity. (RNZ)

• New Digital ID will be mandatory to be able to work in the UK. (BBC)

• ‘Russia is shadowing our satellites’ German defense minister says. (CNN)

• Europe tells Russia it will definitely down jets if it needs to. (Stuff)

• Russia fires hundreds of drones at Ukraine in major attack. (CNN)

• US revokes visa of Colombia’s Petro after he called on soldiers to disobey Trump. (CNN)

• Elon Musk and Prince Andrew are named in Newly released Epstein Files (BBC)

Deal Flow

Investments / M&A

• Wools of New Zealand signs China deal to boost global demand for strong wool. (Herald)

Equity Raises

• NZ dairy exports forecast strong returns as Fonterra eyes trade deals. (Herald)

Debt

• Sealord’s latest staff cuts are another blow for Nelson. (RNZ)

Daily Picks

• HealthPost CEO Abel Butler on growth, e-commerce and sustainability focus (Herald)

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