Govt rules out fuel tax cut amid Iran war; Fonterra chief executive Miles Hurrell to step down; the fashion hits and misses from the 98th Academy Awards
Govt flags potential cost of living relief, no fuel tax cut amid Iran war
Finance Minister Nicola Willis says the Government was prepared to offer targeted cost-of-living support if petrol prices keep climbing due to the Middle East conflict but has ruled out cutting fuel excise duty.
Willis told media today that officials had been asked to model expected price rises over the coming weeks and their likely impact on households.
"I have not taken advice to Cabinet on that yet, nor considered specific options. What I am candidly sharing with you today is that as we look at price and its trajectory."
Fonterra chief executive Miles Hurrell to step down
Fonterra chief executive Miles Hurrell has announced he will step down from the role, saying the timing is right as the co‑operative enters the next phase of its strategy.
Co-operative group chairperson Peter McBride said Hurrell had decided after 25 years at Fonterra — eight as chief executive — that it was the right time to leave.
Hurrell’s departure comes as Fonterra completes a significant strategic shift, including the unconditional $4.22 billion sale of its global consumer brands — including Anchor and Mainland — to French dairy giant Lactalis.
'I reject the allegations': Labour leader Hipkins on ex-wife's claims
Labour leader Chris Hipkins has rejected claims made on social media by his ex-wife Jade.
The post was in response to a Labour advertisement promoting its focus on health, homes and jobs.
Asked for a response to the post, Hipkins' office gave a short statement: "I reject the allegations entirely and don't intend to make any further comment."
Watch: The fashion hits and misses from the 98th Academy Awards
Stylist Caitlin Taylor and Melissa Stokes chat about who pulled off the looks worth seeing at this year's event.
ONE PETROL WARNING
New Zealanders are being urged not to panic buy fuel as motorists worry about rising prices.
Experts say there is "no need to panic", as petrol stations across the country see a surge of drivers filling up amid rising petrol prices.
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