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THE DETAIL/RNZ RNZ’s podcast The Detail asks if the sharemarket darling Infratil is too important to New Zealand to be sold to the Aussies. The Detail is a daily news podcast produced for RNZ by Newsroom and is published on Stuff with permission. Click on this link to subscribe to the podcast. Key New Zealand companies including a phone business, energy firms and airport could end up in foreign hands for good after a multi-billion dollar bid for their majority owner. AustralianSuper’s $5.4 billion bid for the New Zealand sharemarket darling Infratil has been described as hostile, audacious and predatory. The $7.43-a-share offer has been rejected as too low, but the battle is not over, and it will be in the spotlight tomorrow at Infratil’s annual investor day when the company talks about the value of its assets, and investors mull over just what price they would sell at. READ MORE: Despite global uncertainty, NZ should have a positive economic … [Read more...] about The Detail: Is Infratil too important to be sold offshore?

DONALD Trump offered Kim Jong-un a lift home on Air Force One after their summit in Hanoi, a new documentary reveals. Despite the nuclear talks breaking down, the North Korea tyrant had by that time become the US President's "new best friend", it's claimed. So when Kim was preparing for a long train journey back home across China, Trump stepped in with an extraordinary, offer the BBC’s “Trump Takes On the World” reveals. Despite initially threatening to obliterate each other’s countries and trading insults, Trump and Kim wrote 27 gushing letters to each other and met three times. During their Hanoi, meeting Trump put an end to talks saying "Sometimes you just have to walk" but nonetheless offered Kim a ride home on the Presidential jet. Matthew Pottinger, the top Asia expert on Trump's National Security Council told the programme: "President Trump offered Kim a lift home on Air Force One. “The president knew that Kim had arrived on a multi-day train ride … [Read more...] about Donald Trump offered ‘new best friend’ Kim Jong-un a lift home on Air Force One after summit

JAKARTA - The Indonesian Air Force (TNI-AU) revealed on Sunday that the country's presidential plane is only equipped with a very modest "counter-sabotage" self-defence system. The Boeing Business Jet 2 (BBJ2) plane has a US$4.5 million (S$5.6 million) anti-missile defence system - which deploys chaff, a cloud of thin metal sheets and plastic pieces, and flares - as a countermeasure to deter guided missiles. Air Force spokesperson First Marshal Hadi Tjahyanto as quoted by tribunnews.com said the aircraft was not designed for combat. "[It is equipped with] nothing else, just a defence system," he said. Hadi also added that four pilots from the TNI-AU had been trained by Boeing to operate the defence system onboard the Rp 847 billion (S$93.17 million) airplane. "They were trained in the US to [operate] the equipment, which will be used to avoid or prevent a guided missile strike," said Hadi. Security onboard the BBJ2 is very different to that installed in Air Force One, the US … [Read more...] about Indonesia’s ‘Air Force One’ will not be armed