A recent US sanctions notice has put the spotlight on Rokas Karpavicius’ business empire.
Tag Archives: oceania
Camera returned to Auckland student two months after washing up on Hauraki Gulf beach
The 15-year-old had been on a four-day experience on the Steinlager II yacht.
West Auckland school Kelston Intermediate turns to sausage sizzles after struggles with lunch delays
The school is using sausage sizzles and Weet-Bix because of unreliable deliveries.
Gang member Enzed Beazley says he was confronting a drug dealer, not doing an aggravated robbery
The Crown says Enzed Beazley and Khan Mcfarlane robbed two men of $1200.
Witness to fatal Auckland motorway accident after man struck by three cars appalled no one stopped
The man was hit by at least three cars, none of which stopped.
The most anticipated video games of 2025
From Grand Theft Auto VI and the Nintendo Switch 2, there are dozens of things for gamers to get excited about this year.
Cameras on boats: Fisheries Minister Shane Jones rails against ‘state surveillance’ in call against footage becoming public
Privacy appears at the heart of the Government’s concerns.
Police patrolling in Auckland’s Birkenhead increased after stabbing, robbery within a week
The move comes after a brutal stabbing and the aggravated robbery of an Armourguard van.
CBA posts half-yearly profit of $5.1b, forecasts household relief
The Commonwealth Bank has posted a half-yearly net profit of $5.1 billion as chief executive Matt Comyn predicts further relief for households this year.
The figure is up from its previous half-yearly result of $4.8 billion and two per cent year-on-year, which the bank attributed to core business growth and lower loan impairment costs in an ASX announcement today.
The profit was partly offset by higher operating costs due to inflation and an increase in investment spending.
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"Through supporting our customers and investing in our franchise we have been able to deliver solid results for our shareholders despite the weaker economic backdrop," Comyn said.
The bank's annual net profit after tax in 2024 was $9.4 billion.
The bank noted that its younger customers were making sacrifices as cost of living pressures continued to weigh on households.
Additionally, the private sector is experiencing weak growth, immigration is slowing and geopolitical uncertainties remain.
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Despite the daunting economic backdrop, Comyn had an optimistic forecast for the year ahead after inflation fell inside its target range to 2.4 per cent in the December quarter.
"However underlying inflation is now moderating towards the target range and we expect Australia will follow offshore economies with an easing cycle starting in 2025," he said.
"This should provide some relief to many households and improve business confidence.
"The strong labour market and level of ongoing public sector infrastructure spend also provide cause for optimism on the domestic economic outlook."
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Top Auckland school warns parents after BB gun incident in Glendowie
Two people had a BB gun fired at them from a moving vehicle.