Everything you need to know about the world this morning, curated by bFM and VICE NZ.Fonterra CEO Earns Big
Fonterra is having to defend the pay of their chief executive after it was announced he would receive $8.3 million this year. The significant sum is an 80 percent increase on what CEO, Theo Spierings received last year and slightly down from the 20-15 year. The Fonterra chair, John Wilson, said that while the number is high from a New Zealand perspective, when compared with multi-national companies throughout the world, the CEO's pay is on par with other global executives. Meanwhile, dairy co-operative's has reported a weaker full-year profit, almost $100 million less than last year.National and Labour to Woo Winston
With the polls closed, both National and Labour looking to gain support from New Zealand First in order to form a government. Neither of the parties' leaders have had direct contact with Peters since the election, but both are to keen to make a strong impression with their negotiating teams. Primarily, that means putting forward people who have strong relationships with the seasoned politician and avoiding any bad blood. Labour leader Jacinda Ardern said yesterday she planned to contact Winston Peters in the next few days. The NZ First leader says he will make a decision by October 12, the last day possible.New Zealand Banks Urged to Scrap ATM Fees
New Zealand banks are being urged to follow the lead of their Australian counterparts and scrap the ATM fee they charge customers of other banks. Australia's big four banks announced the end of the unpopular charge levied on people using an ATM that did not belong to their own bank. The Commonwealth Bank was the first to make the change, with Westpac, ANZ and NAB quickly following suit. However, banks in New Zealand say they have no plans to change ATM fees this side of the Tasman. ANZ says only a small number of customers choose to use other banks' machine and claims the cost and revenue structure of ATMs in Auckland is different to New Zealand.Trump's National Anthem Tirade Backfires Across NFL
President Trump's call for owners to fire "son of a bitch" football players who kneel in protest during the national anthem was met with a bold rebellion from teams across the nation and in the UK on Sunday. While the Pittsburgh Steelers, Seattle Seahawks, and Tennessee Titans remained in the locker room during the anthem, several owners came out to link arms with their players (many of whom kneeled) in solidarity. Trump doubled down in his attacks—which when personal have been directed at black athletes—Sunday, claiming the protests were hurting NFL ratings.Ambae's Volcanic Woes
A state of emergency has been declared on the Vanuatu island of Ambae as the volcano at its centre continues to erupt. The volcano, known as Morano, became more active on Saturday after weeks of rumbling. About 5,000 people in nearby villages have been forced to evacuate to escape the thick black smoke. Chairman of the disaster committee, Manuel Amu, described the events as "a serious emergency" saying help at both a national and international level was needed. The last significant eruption of the volcano was in 2005 when it was three months before evacuees could return to the island.Merkel Tries to form Coalition
German Chancellor Angela Merkel is beginning the process of trying to form a coalition government after winning a fourth term in office. In a speech at the conservative party headquarters, Merkel acknowledged significant losses to the far right, but said she has a firm mandate to form a government. In their worst performance since 1949, Merkel's conservative bloc secured 33 percent of the vote, down 8.5 points on last election. The conservative bloc lost seats to the far right party, AfD, who swept into parliament with 12.6 percent of the vote, almost eight points more than in 2013 when they failed to get in.North Korea Threatens Action
North Korea has threatened to shoot down US fighters in international airspace, claiming Trump had declared war on the nation in a tweet on Monday. North Korean foreign minister Ri-Hong Yo said the world should remember that the US declared war on them first, referring to a tweet by the US President saying the Asian nation "won't be around much longer." Ri added that this so-called declaration of war, gave them every right to shoot down America's strategic bombers even if they weren't in North Korean airspace. The US denies they are provoking North Korea, but says military options are available if retaliation is needed.Kushner used a private email account for official White House business
Donald Trump's son-in-law Jared Kushner used a private email account to carry out official White House business. In a statement on Sunday, Kushner's lawyer confirmed the existence of the account but said their is no indication classified or privileged information has been revealed through the private email. During his campaign, Trump repeatedly criticised Hillary Clinton for using a personal email account while Secretary of State. The president frequently encouraged crowds to rallies to chat "lock her up", himself vowing to imprison Clinton over concerns she may have mishandled classified information.Reporting by Alessandra Nixon, Jack Marshall and Lachlan Balfour.
LOCAL NEWS
Fonterra is having to defend the pay of their chief executive after it was announced he would receive $8.3 million this year. The significant sum is an 80 percent increase on what CEO, Theo Spierings received last year and slightly down from the 20-15 year. The Fonterra chair, John Wilson, said that while the number is high from a New Zealand perspective, when compared with multi-national companies throughout the world, the CEO's pay is on par with other global executives. Meanwhile, dairy co-operative's has reported a weaker full-year profit, almost $100 million less than last year.National and Labour to Woo Winston
With the polls closed, both National and Labour looking to gain support from New Zealand First in order to form a government. Neither of the parties' leaders have had direct contact with Peters since the election, but both are to keen to make a strong impression with their negotiating teams. Primarily, that means putting forward people who have strong relationships with the seasoned politician and avoiding any bad blood. Labour leader Jacinda Ardern said yesterday she planned to contact Winston Peters in the next few days. The NZ First leader says he will make a decision by October 12, the last day possible.
Advertisement
New Zealand banks are being urged to follow the lead of their Australian counterparts and scrap the ATM fee they charge customers of other banks. Australia's big four banks announced the end of the unpopular charge levied on people using an ATM that did not belong to their own bank. The Commonwealth Bank was the first to make the change, with Westpac, ANZ and NAB quickly following suit. However, banks in New Zealand say they have no plans to change ATM fees this side of the Tasman. ANZ says only a small number of customers choose to use other banks' machine and claims the cost and revenue structure of ATMs in Auckland is different to New Zealand.
INTERNATIONAL NEWS
President Trump's call for owners to fire "son of a bitch" football players who kneel in protest during the national anthem was met with a bold rebellion from teams across the nation and in the UK on Sunday. While the Pittsburgh Steelers, Seattle Seahawks, and Tennessee Titans remained in the locker room during the anthem, several owners came out to link arms with their players (many of whom kneeled) in solidarity. Trump doubled down in his attacks—which when personal have been directed at black athletes—Sunday, claiming the protests were hurting NFL ratings.Ambae's Volcanic Woes
A state of emergency has been declared on the Vanuatu island of Ambae as the volcano at its centre continues to erupt. The volcano, known as Morano, became more active on Saturday after weeks of rumbling. About 5,000 people in nearby villages have been forced to evacuate to escape the thick black smoke. Chairman of the disaster committee, Manuel Amu, described the events as "a serious emergency" saying help at both a national and international level was needed. The last significant eruption of the volcano was in 2005 when it was three months before evacuees could return to the island.Merkel Tries to form Coalition
German Chancellor Angela Merkel is beginning the process of trying to form a coalition government after winning a fourth term in office. In a speech at the conservative party headquarters, Merkel acknowledged significant losses to the far right, but said she has a firm mandate to form a government. In their worst performance since 1949, Merkel's conservative bloc secured 33 percent of the vote, down 8.5 points on last election. The conservative bloc lost seats to the far right party, AfD, who swept into parliament with 12.6 percent of the vote, almost eight points more than in 2013 when they failed to get in.North Korea Threatens Action
North Korea has threatened to shoot down US fighters in international airspace, claiming Trump had declared war on the nation in a tweet on Monday. North Korean foreign minister Ri-Hong Yo said the world should remember that the US declared war on them first, referring to a tweet by the US President saying the Asian nation "won't be around much longer." Ri added that this so-called declaration of war, gave them every right to shoot down America's strategic bombers even if they weren't in North Korean airspace. The US denies they are provoking North Korea, but says military options are available if retaliation is needed.Kushner used a private email account for official White House business
Donald Trump's son-in-law Jared Kushner used a private email account to carry out official White House business. In a statement on Sunday, Kushner's lawyer confirmed the existence of the account but said their is no indication classified or privileged information has been revealed through the private email. During his campaign, Trump repeatedly criticised Hillary Clinton for using a personal email account while Secretary of State. The president frequently encouraged crowds to rallies to chat "lock her up", himself vowing to imprison Clinton over concerns she may have mishandled classified information.Reporting by Alessandra Nixon, Jack Marshall and Lachlan Balfour.