Uber in Supreme Court over drivers employment rights
Multi-million dollar rideshare company Uber took it's fight over drivers employment rights to the Supreme court today. The Court is deciding whether it's drivers should be considered employees. This could give the drivers benefits such as leave entitlements, minimum wage and holiday pay. Bill Hickman reports.
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RNZ News
2 hours ago
- RNZ News
Trump's relentless tariff strategy finally crashes into delicate geopolitical reality
By Phil Mattingley , CNN US President Donald Trump delivers remarks on reciprocal tariffs during an event in the Rose Garden at the White House in Washington, DC, on April 2, 2025. Photo: AFP / Brendan Smialowski Analysis : President Donald Trump's relentless use of tariffs to coerce foreign counterparts into favourable deals is about to run headlong into the limits of geopolitical reality. Trump's willingness to dramatically escalate the long-running US economic warfare in response to Russia's war on Ukraine is real, advisors say. His threat to accelerate sweeping tariffs on India is certain to come to fruition, they insist. But he also faces the backdrop of a looming deadline to extend a trade truce with the world's second-largest economy that requires a degree of caution as White House deliberations come to a head. "He's pissed," one person close to Trump said of his rapidly deteriorating view of Russian President Vladimir Putin in recent weeks. "But he's also aware of the competing priorities here." Trump faces a unique challenge balancing all of his simultaneous demands: He is threatening punishing sanctions on the Russian energy production that serves as the financial linchpin of Putin's war machine at the same moment he is seeking leverage in trade talks with India while maintaining a fragile trade détente with China. The convergence of conflicting priorities has driven intensive discussions inside the West Wing about the range and scope of the options Trump could trigger as soon as today - and put a significant amount of weight on the meeting between Putin and Steve Witkoff, his trusted foreign envoy , underway in Moscow. Trump has threatened sweeping secondary sanctions on Russian energy that would primarily hit China and India, the two largest purchasers of Russian energy . But he's also considering more tailored options, including sanctions that target specific tankers - known inside the government as the "shadow fleet" - that are utilised to skirt the existing Western sanctions regime in the transport of Russian oil, two US officials with the knowledge of the matter said. Russia's President Vladimir Putin Photo: AFP The Biden administration's evolving sanctions actions found success in blacklisting the vessels critical to Putin's sanctions evasion efforts. Secondary sanctions tailored specifically to India in some form have also been discussed, the officials said. Trump feels empowered to trigger those secondary sanctions that were long weighed by his predecessor, but never deployed due to soaring inflation and concerns about a significant increase in domestic gas prices. That is a problem Trump simply doesn't have right now, as waning global demand and a steady increase in output by the Organisation of Petroleum Exporting Countries and their allies have mitigated the concern about the energy price spikes that bedevilled the Biden administration. For the Trump administration, that has created leverage as frustration with Putin's refusal to come to the table has dashed Trump's envisioned quick end to the three-plus year conflict. Those dynamics also played directly into the recent breakdown in long running and intense trade negotiations between the US and India, advisors say. While there is obvious overlap between Trump's escalating threats targeting Russia and his explicit warnings about India's energy purchases , the dispute with the world's fifth-largest economy is specific to the trade talks, the officials say. "We consider a wide range of options, but this is a situation more of convenient coincidence than overarching strategic long-game," one of the officials said. Donald Trump and India's Prime Minister Narendra Modi has soured compared with this warm embrace in February 2020. Photo: Mandel Ngan / AFP Trump has acknowledged as much. "The sticking point with India is that tariffs are too high," Trump said in an interview on Tuesday with CNBC. Peter Navarro, Trump's senior counselor for trade and manufacturing, has called India as "the Maharaja of tariffs," underscoring a long-running view that India's expansive protection of its domestic markets has been a significant frustration for Trump and his trade team. As the clock ticked toward Trump's 1 August "reciprocal" tariff deadline and foreign partners offered significant concessions on US market access, India was a notable exception, officials said. "The president wanted deals that substantially opened markets - everything or near everything," a senior administration official said. "They were interested in opening some of their markets, but not nearly ambitious enough to meet the president's view of what would constitute a good deal." So while India's purchases of Russian energy and Russian military equipment was well known on the periphery, Trump elevated those friction points to the forefront as he sought to pressure Indian negotiators, the official said. Any large-scale effort to trigger secondary sanctions, however, would crash directly into the delicate maintenance of US-China trade talks which have seen both countries utilise economic statecraft, sanctions and export controls to exert or ease pressure on the bilateral relationship over the course of months. Treasury Secretary Scott Bessent warned his Chinese counterparts directly, during the third round of face-to-face talks last week, that Trump was serious about secondary sanctions and it was something Chinese officials needed to prepare for in the weeks ahead. Treasury Secretary Scott Bessent at the White House. Photo: MANDEL NGAN/AFP But as US and Chinese officials have quietly continued discussions over the technical details of an agreement to extend their existing trade truce, the concern about the impact secondary sanctions would have on those dynamics has been a factor inside the administration, officials say. Trump has yet to officially sign off on an extension, even as his top advisors made clear it was only a matter of time before Trump blesses it. For Trump, who has operated throughout his second term in a perpetual state of running deadlines, that clock is ticking concurrently with his deadline for Putin. The decision on the latter now weighs heavily on the status of the former. -CNN
RNZ News
3 hours ago
- RNZ News
Trump plans to meet with Putin as soon as next week
Russian President Vladimir Putin and US President Donald Trump. Photo: Olga MALTSEVA and SAUL LOEB / AFP US President Donald Trump plans to meet in person with Russian President Vladimir Putin as early as next week, the New York Times reported, citing two people familiar with the plan. Trump then plans to meet with Putin and Ukrainian President Volodymyr Zelensky, the newspaper reported, adding that the plans were disclosed in a call with European leaders on Wednesday. The White House did not immediately respond to the report but earlier on Wednesday (local time) Trump acknowledged that he spoke with European leaders after US envoy Steve Witkoff's "highly productive" meeting with Putin in Russia . While noting that "great progress" was made during the meeting, Trump wrote on Truth Social: "Everyone agrees this War must come to a close, and we will work towards that in the days and weeks to come." Trump, who promised to end Russia's war in Ukraine on "day one" during his presidential campaign, has held several phone calls with Putin and has met with Zelensky since returning to the White House in January. However, in recent weeks, he has become increasingly frustrated with Moscow over a lack of progress towards ending the three-year conflict. - Reuters
RNZ News
15 hours ago
- RNZ News
Supreme Court dismisses appeal application by convicted insider trader Peter Huljich
Peter Huljich was convicted in August 2023 in a case brought by the Financial Markets Authority. Photo: Supplied The Supreme Court has dismissed an application for leave to appeal by a businessman found guilty of insider trading. Peter Huljich was convicted for insider trading over his sale of Pushpay Holdings shares in 2018. The Financial Markets brought the criminal case against Huljich three years ago, and he was found guilty in August 2023. Last year, Huljich appealed the conviction and the High Court's decision to refuse name suppression, but lost both appeals earlier this year. The Crown also appealed the sentence of six months' community detention and fine of $100,000. The Court of Appeal increased the fine to $200,000. Following the Court of Appeal decision, Huljich continued to maintain his innocence and signalled he would seek leave to appeal to the Supreme Court, which was dismissed on Wednesday. "The proper approach to the offence of insider conduct under the Financial Markets Conduct Act may be a matter of general or public importance and general commercial significance," the Supreme Court said in its judgement. "However, we are not sufficiently persuaded on these facts that the Court of Appeal might have erred in its approach to evaluating the materiality of information." Huljich is part of the Auckland rich lister Huljich family, and is the son of Christopher Huljich. He and his father founded Huljich Wealth Management, which was later sold to Fisher Funds. In April 2018, Pushpay co-founder Eliot Crowther, who held about 9 percent of Pushpay's shares, told Huljich he was thinking of leaving and selling his shares. They were sold in June at $4.04 via a book build. But between the time that Crowther told Huljich of his intentions and before Crowther's departure and share sale, a trust that held Pushpay shares sold those shares on the NZX at an average price of $4.21. It was alleged by the Crown that Huljich advised or encouraged the trust to do so because he expected the sale of Crowther's shares would have an impact on the Pushpay share price. Huljich said he had not encouraged the trust's principal beneficiary or the trustees of the trust to sell the shares but was just passing on the principal beneficiary's instructions. He said Crowther's departure and share sale was not insider information because a reasonable investor would not expect this information to have a material effect on the share price. Sign up for Ngā Pitopito Kōrero , a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
