- December 22nd, 2024
The Reserve Bank of New Zealand (RBNZ) has indicated that a significant further reduction in interest rates is likely early next year if the economy performs as forecasted. This announcement follows the Monetary Policy Committee’s (MPC) decision to cut the...
The Reserve Bank of New Zealand (RBNZ) cut its cash rate for the third time in four months on Wednesday, trimming it by 50 basis points to 4.25%. The decision, which aligned with the expectations of most analysts, signaled the...
Asian markets were mixed on Wednesday as traders assessed the fallout of former U.S. President Donald Trump’s proposed tariffs and looked ahead to key economic data and policy decisions. The New Zealand dollar surged after the nation’s central bank hinted...
The Japanese yen lingered near a three-month low against the U.S. dollar on Tuesday as Japan’s ruling coalition fell short of a parliamentary majority in weekend elections, stirring concerns about the country’s political and economic trajectory. Meanwhile, the U.S. dollar,...
British Prime Minister Keir Starmer has announced a major shift in the United Kingdom’s defense posture, with a strategic expansion of Royal Navy activities in the Pacific. The move underscores Britain’s commitment to US-led efforts to curb China's expanding maritime...
In a quirky yet unexpected move, Dunedin International Airport in New Zealand has ignited a worldwide debate by introducing a three-minute time limit on farewell hugs in its car drop-off zone. The airport, located in the southern city of Dunedin,...
An Air New Zealand flight en route from Perth, Australia, to Auckland, New Zealand, was forced to make an emergency diversion to Melbourne on Wednesday morning after a passenger became disruptive mid-flight, the airline reported. The incident caused a 90-minute...
New Zealand’s currency, the kiwi, slumped to its weakest level since August, driven by a combination of rising expectations for larger interest rate cuts and growing concerns over China’s economic outlook. The kiwi fell as much as 0.7% to 60.4...
The Albanese government in Australia has decided to send 49 M1A1 Abrams tanks to Ukraine, marking one of the most substantial contributions to the country's defense efforts against Russia’s invasion. This decision, part of a broader A$245 million (US$163 million)...
Kyiv is set to receive significant financial and military support from NATO, but uncertainty looms over Ukraine’s long-sought goal of gaining a clear invitation to join the alliance. Ukrainian President Volodymyr Zelenskyy has been pushing for definitive NATO membership as...
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