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QuiznessDesk, Thursday, May 28
In which Australian State or Territory would you find the Adelaide River?
During the Great Plague, what was painted on the front doors of plague-ridden houses?
According to the Bible, on what day did God create the beasts of the Earth?
What type of animals are portrayed in the book Watership Down?
In the Star Wars films, which two actors played Obi-Wan Kenobi?
How many US presidents’ heads are sculpted on Mount Rushmore?
Who had a number one hit in 1980 called Cryi … ⌘ Read more

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Fonterra to open new season with a $9.75/kgMS opening forecast
Fonterra Co-operative Group will start the new dairy season with a forecast farmgate price of $9.75 per kilogram of milk solids, within a range of $8/kgMS to $11/kgMS.

The co-op was expected to start the season with a wide range, but its opening price sits at the upper end of forecasts from major NZ banks. ⌘ Read more

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Kiwibank drives open banking forward with full rollout
Kiwibank is rolling out open banking from today through all its channels and for both individual and business customers, marking an industry first, it says.

Individual and business customers would be able to access open banking-enabled payments and data sharing directly through internet banking and the Kiwibank app, the bank said. ⌘ Read more

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Lobby firm Silvereye files lawsuit against Gillies Group over $3.49m demand
Wellington lobby firm Silvereye has filed a fresh lawsuit against property developer Gillies Group over a claimed $3.49 million success fee related to a Kāinga Ora deal.

Silvereye, headed by Jo Coughlan and Conor English, has continued to pursue the million-dollar fee after the High Court in Wellington [set aside a statutory demand](https://businessdesk.co.nz/article/po … ⌘ Read more

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NZ needs a Taiwan-style gamble
The Budget 2026 has not yet been released, but industrial policy has already reared its head, with a pre-Budget announcement of loan guarantees to help businesses transition off gas.

There is speculation the Budget could deliver other subsidies and assistance, particularly to take advantage of an Australian Budget announcement tightening capital gains tax treatment. ⌘ Read more

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Lepionka fails in final court appeal attempt against Gibson Sheat
Lepionka & Co Investments has failed its latest attempt in a decade-long legal battle to sue its former law firm for allegedly negligent advice given 11 years ago.

Earlier this month, the Supreme Court followed the Court of Appeal and the High Court in dismissing Lepionka & Co Investments’ (LCIL) application for leave to appeal, concluding [a decade-long litigation](https://businessdesk. … ⌘ Read more

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Greens attack Government over claimed $1.4b carbon auction shortfall
The Green Party says a string of failed carbon auctions has left a $1.4 billion fiscal hole because the Government was banking on the revenue they would generate.

Of 10 carbon auctions held between December 2023 and March this year, only auctions in March and December 2024 actually cleared. ⌘ Read more

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[$] MOT: a tool to fight openwashing in AI
Many large language models (LLMs) are described as open source, but
if one looks a bit deeper it turns out that is not actually so; the
model may be free to download, it may be “ open weight”, but it
does not fit the Open Source\
Initiative (OSI) Open Source\
Definition (OSD). Assessing the actual openness of models is not
easy, as Arnaud Le Hors explained in his talk about the [Model Openness T … ⌘ Read more

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Andrew Morton’s 2004 OLS keynote
I recently presented a brief tribute to Andrew Morton at the 2026 Linux Storage, Filesystem, Memory\
Management, and BPF Summit; it included a suggestion that reading (or
re-reading) his 2004 Ottawa Linux Symposium keynote would be instructive.
This talk, given immediately after the Kernel\
Summit session that decided to fundamentally change the kernel’s
development model, tells a lot about how the kernel project got to where … ⌘ Read more

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[$] Further progress toward removing the page map count
The mapcount field was created to track the number of mappings
(page-table entries) that refer to the given page. Among other things, a
mapcount of zero means that the page has no references and can be
reclaimed. Maintaining mapcount has become increasingly
challenging and expensive as the memory-management system has grown in
complexity, so Hildenbrand has been looking for ways to get rid of it.
This session was, he said, maybe one of the last times he will have to
bring … ⌘ Read more

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Security updates for Wednesday
Security updates have been issued by AlmaLinux (bind, buildah, compat-libtiff3, compat-openssl11, containernetworking-plugins, crun, delve, dnsmasq, dovecot, edk2, firefox, freeipmi, gdk-pixbuf2, giflib, git-lfs, glib2, go-fdo-client, go-fdo-server, golang, grafana, grafana-pcp, gstreamer1-plugins-bad-free, gstreamer1-plugins-base, gstreamer1-plugins-good, and gstreamer1-plugins-ugly-free, iputils, jq, kernel, krb5, libcap, LibRaw, libsndfile, libsoup, libsoup3, libssh, libtiff, libvirt, linux-sgx, … ⌘ Read more

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NZ sharemarket up over 1.2% on back of heavyweight rises
Fisher & Paykel Healthcare and Infratil again led the way as the New Zealand sharemarket rose more than 1.2%, while the Reserve Bank of NZ kept the Official Cash Rate unchanged in a close call.

The S&P/NZX 50 Index traded strongly from midday and closed at 13,227.81, a gain of 158.07 points or 1.21%. ⌘ Read more

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Government backs away from Rotorua courthouse as PPP
The Government has backed off on a promised public-partnership project to build courthouses, instead funding new Rotorua courts directly in the 2026 Budget.

The building of Waitākere and Rotorua courthouses through public-private partnership (PPP) was one of the [headline projects on offer for infrastructure builders](https://businessdesk.co.nz/article/budget-2026/will-budget-2026-solve-the-case-of-the-missing-co … ⌘ Read more

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Straker updates on ongoing fraud investigation
Straker has provided an update on its ongoing investigation into transaction anomalies involving the bank accounts of its US subsidiary, Straker Translations.

The Auckland translation technology company, Straker, was suspended from trading on the Australian Securities Exchange after discovering suspected fraud at its United States subsidiary involving at least US$1.5 million (NZ$2.5m) and possibly more. ⌘ Read more

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Fourth Commerce Commission delay on Bremworth deal frustrating, chair says
Bremworth’s chair says the Commerce Commission’s fourth extension in making a decision on its deal to sell to the owner of Godfrey Hirst is frustrating, but they remain optimistic.

The deal to sell the NZX-listed carpet maker to Mohawk Industries, via local entity Floorscape, which owns Godfrey Hirst, through a scheme of arrangement, was announced in October. ⌘ Read more

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