Major shakeup for the NZ science system
The government has announced a major restructuring of the country's seven crown research institutes (CRIs), which will see them merged into three public research organisations (PROs).
Despite re-classification as an extra-tropical cyclone in the early hours of this morning, MetService still expects Cyclone Pam to bring severe weather to many parts of New Zealand.
At 10am the cyclone was located about 230km east-northeast of East Cape, Gisborne, and moving south. If it continues its current path, Pam should lie about 180km east of East Cape around 1pm today and just northeast of the Chatham Islands around 1pm Tuesday. Experts predict the cyclone will maintain its current intensity or intensify slightly as it moves southeast.
Strong southeast winds and rain are expected over much of the North Island today, along with extremely large seas about the east coast. MetService is warning residents of the eastern Bay of Plenty and northern parts of Gisborne to prepare for wind gusts of 120kmh or more. Winds of this strength are likely to cause damage to trees and powerlines and could lift roofs and make driving conditions hazardous, say MetService.
Reports from MetService suggest the heaviest rain has been in Gisborne, where more than 130mm has accumulated about the ranges so far. They are forecasting a further 70-100mm in Gisborne and northern Hawkes Bay today, as well as about the coastal hills of Hawkes Bay south of Napier. Rivers and streams in these areas will rise rapidly, and localised surface flooding and slips are likely as well as hazardous driving conditions.
Agrisea NZ has appointed Craig Hudson as it's new chief growth officer.
State farmer Landcorp, trading as Pamu, is a forecasting a full-year net profit of around $100 million.
Tony Aitken, chief executive of Ruralco, has been awarded the Excellence in Business Leadership Award at the ANZ Business of the Year Awards.
Global trade has been thrown into another bout of uncertainty following the overnight ruling by US Supreme Court, striking down President Donald Trump's decision to impose additional tariffs on trading partners.
Controls on the movement of fruit and vegetables in the Auckland suburb of Mt Roskill have been lifted.
Fonterra farmer shareholders and unit holders are in line for another payment in April.
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