AGP Executive Report
Last update: 4 hours agoPublic Broadcasting: RNZ’s $11.8 million deficit has triggered plans to cut 58 jobs, with an inquiry potentially widening to earlier financial years. Election: Preliminary results put the National-led coalition in a parliamentary majority, but the close contest and MMP overhang leave the government’s position under scrutiny. Renewables: Abu Dhabi’s Masdar is exploring up to $1 billion in New Zealand solar, wind and battery projects; uncertain power prices remain a hurdle to investment. Wine Industry: Oversupply and falling demand are driving vineyard removals, including a 46% reduction in one Marlborough area, with losses also reported in Hawke’s Bay and Nelson. Retail: David Jones is expected to close its sole New Zealand store in Auckland as it exits the market. Black Caps: New Zealand named a 14-player squad for two Tests against India from November 19; Matt Henry is recovering from concussion and expected back for Friday’s ODI.
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