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7 May 2024

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A shiny new system or the Wazgij of planning systems?
Today, the government announced the framework for a shiny new resource management system, but the development community remains in the dark as to how the system will be governed, funded, or practically implemented by those at the coalface, says Property C

Elon Musk's warning over SpaceX's Starlink system in Ukraine: 'Use with caution'
The world's richest man Elon Musk has warned Ukrainians that SpaceX's Starlink systems could run a "high" risk of being targeted by Russian forces.This comes after Musk responded to requests from Ukrainian Vice Prime Minister Mykhailo...

Eroad reports first half loss, sees sales momentum lifting
Transportation technology services company Eroad, which is in the process of buying Auckland-based Coretex, reported a $2.9 million net loss for the first half to September.The company, which specialises in GPS fleet-tracking systems,...

Three new dairy systems to be trialled at Lincoln University demonstration farm
Lincoln University's demonstration farm is putting into practice three new dairying systems geared towards greater sustainability.

Customers threaten to leave Kiwibank as access goes down again
Some customers are threatening to leave Kiwibank with its systems going down again preventing people from accessing their bank accounts to make payments and purchases.It is the second time this week the bank, which is owned by NZ...

Lifespot Health Appoints Cannabis Specialists to Bboard of Directors
Australian medicinal cannabis device company Lifespot Health has appointed two non-executive directors to its board to help execute a strategy of delivering innovative medication systems and therapies to market

EU fines German car makers $1.4B over emission collusion
The European Union handed down big fines to major German car manufacturers for colluding to limit the development of car emission-control systems.

Uber investigating breach of its network
Uber said Thursday that it reached out to law enforcement after a hacker apparently breached its network. A security engineer said the intruder had provided evidence of obtaining access to crucial cloud systems at the ride-hailing...

Teenage hacker claims Tesla security flaw let him take control of 25 cars
A teenage security expert claimed he was able to hack into 25 Tesla cars, allowing him to remotely start the vehicles and control their lights, windows and navigation systems.David Colombo, a 19-year-old German, said a fault had...

Rocket Lab buys another US space systems firm, this time for US$42m
Rocket Lab has made another acquisition with the US$750 million war chest it raised through its Nasdaq listing.The Kiwi-American company says it has bought Planetary Systems Corporation (PSC), a Maryland-based spacecraft separation...

Sealegs owner Future Mobility in Unlisted trading halt while loss widens
Future Mobility Systems (FMS) - formerly Sealegs - has been placed in a trading halt by the alternative exchange, Unlisted, for not furnishing audited annual accounts for the March year, as required under its rules.However FMS did...

Westpac warned after failing to comply with anti-money laundering rules
The Reserve Bank has issued a formal warning to Westpac bank for failing to comply with anti-money laundering rules.The central bank said Westpac's internal systems failed to detect and report almost 8000 corporate transactions...

Eroad raises funds to buy Auckland-based Coretex for $158m
Dual-listed Eroad, which specialises in GPS fleet-tracking systems, said it had gone into a trading halt while it raised funds to buy Auckland-based Coretex, for $157.7m.Eroad said it was conducting an underwritten conditional...