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12 August 2026

Litigation costs a factor as ASB net profit drops to $1.3b

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Source reporting: rnz.co.nz

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Litigation costs a factor as ASB net profit drops to $1.3b

ASB's full-year profit has dipped slightly due to litigation costs, but home and commercial lending increased.

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Cook Islands election: PM Mark Brown speaks on the diplomatic crises that defined his yearNew Zealand

12 August 2026

Cook Islands election: PM Mark Brown speaks on the diplomatic crises that defined his year

The prime minister tells the Guardian that last year’s diplomatic rift with ally New Zealand could be on voters’ minds as they head to the polls As voters in the Cook Islands prepare to head to the polls in a high-stakes general election, they will have much to reflect on. Over recent years, politics in this small island nation has been defined by fierce debates about deep-sea mining , diplomatic rifts with ally New Zealand and a major reshaping of the country’s foreign partnerships. In an exclusive interview with the Guardian, days before Wednesday’s poll, Cook Islands prime minister Mark Brown defended his four-year term and the decisions he made that have seen this South Pacific nation of 17,000 people pushed into the international limelight, turning it into a battleground for influence between Beijing and western powers .

Source: The Guardian WorldOriginal source

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