Criminal proceeds recovery: Innocent investors have cash locked in money-launderer Cathay Hua’s assets

Details surrounding Adrian Orr's unexpected resignation as Reserve Bank governor are emerging, revealing he left a meeting with Finance Minister Nicola Willis and senior officials early, just a week prior to his resignation announcement on March 5. Meeting minutes indicate Orr expressed disagreement over proposed government funding for the Reserve Bank and voiced frustration about the relationship between the RBNZ and the Treasury. Want More Context? 🔎

Roy Arbon, a 75-year-old former Erebus disaster recovery worker, went missing after leaving his Rūnanga home on July 23. His phone's last location, transmitted on July 24 at 2:39 PM, indicated he was in a clearing, but aerial footage taken shortly after showed no signs of him, and his phone has since been inactive. Want More Context? 🔎

A significant armed police operation is currently underway in Maketū, Bay of Plenty, with about 25 police cars and the Armed Offenders Squad present. The area has been cordoned off, and police are also active in the Maketū Estuary, creating a tense situation for bystanders. Want More Context? 🔎

Prime Minister Christopher Luxon, facing public discontent as evidenced by his booing at a netball championship, has altered his media strategy, making announcements on Sundays with ministers. Recent announcements included a $6 billion commitment to infrastructure projects and measures to reduce building costs, aiming to enhance government communication amid ongoing criticism. Want More Context? 🔎

Welcome to Inside Economics, where the latest economic insights are explored weekly. Recent Stats NZ data revealed a decline of 27,850 jobs in New Zealand as of June compared to the previous year, leading to concerns about the labor market and the overall economic conditions during winter. Want More Context? 🔎

Controversial Wellington mayoral candidate Graham Bloxham has abruptly withdrawn from the race before submitting his nomination, having previously announced his intention to run in January. His campaign faced scrutiny due to allegations of unpaid taxes exceeding $5000 and a recent arrest related to a driving offense. Want More Context? 🔎