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Economy

U.K. living standards set to slide as growth lags G7 peers

Daily Telegraph NZ -

Living standards in the United Kingdom are forecast to continue falling behind comparable economies as weak growth and persistent inflation take their toll, according...

U.S. economy surges at fastest pace in two years as spending and exports rebound

Daily Telegraph NZ -

The U.S. economy accelerated sharply in the three months to September, growing at an annual rate of 4.3%—its strongest performance in two years—driven by...

Major bank claims business confidence is at a ’30 year high’

Daily Telegraph NZ -

Business confidence has surged to its 'strongest level in three decades', pointing to a broad-based economic recovery driven by improving activity, employment and expectations. ANZ’s...

Labour claims economy has shrunk under Coalition

DTNZ Politics -

Labour has accused the Government of failing to deliver economic growth, claiming the economy is now smaller than it was when Prime Minister Christopher...

Government moves to cash in Chorus debt to fund new infrastructure projects

Daily Telegraph NZ -

The Government has confirmed it will move ahead with plans to monetise the debt it holds in telecommunications network operator Chorus, freeing up funds...

HYEFU exposes cost of Government’s growth strategy on ordinary Kiwis – Swarbrick

DTNZ Politics -

The Green Party says the Government’s economic strategy has failed to deliver meaningful growth and is instead placing growing pressure on ordinary New Zealanders,...

Fiscal restraint needed despite recovery outlook – Willis

Daily Telegraph NZ -

Finance Minister Nicola Willis says continued 'fiscal discipline' will be essential to restore the Government’s books to surplus, despite Treasury forecasting a strengthening economic...

ANZ lifts fixed mortgage rates

Daily Telegraph NZ -

ANZ has raised several of its fixed home loan rates, becoming the latest bank to respond to rising wholesale funding costs even as the...

Minimum wage to rise 2% from April 2026

Daily Telegraph NZ -

Minimum wage workers will receive a 2 percent pay rise from 1 April, lifting the adult minimum wage from $23.50 to $23.95 an hour,...

China smashes record with world-first $1 trillion trade surplus

Daily Telegraph NZ -

China has posted a world-first trade surplus exceeding $1 trillion, with official customs data showing the nation amassed a $1.08 trillion surplus in the...

The GDP myth: What it really shows, and what it doesn’t

Henry Johnston -

The most-often cited metric of economic success more often than not simply tells us what we want to hear – or what the West...

Reserve Bank cuts OCR to 2.25%

Daily Telegraph NZ -

The Reserve Bank has lowered the Official Cash Rate (OCR) to 2.25 percent, citing easing inflation pressures and spare capacity in the economy, while...

Government opens applications for new investor visa

Daily Telegraph NZ -

The Government has opened applications for a new Business Investor Visa aimed at attracting overseas investors willing to put money and hands-on support into...

National pledges to lift KiwiSaver rates to 12% by 2032

Daily Telegraph NZ -

A National Government elected next year would move to significantly boost New Zealanders’ retirement savings by gradually increasing KiwiSaver contribution rates to 12%, bringing...

South Africa accuses credit agencies of ‘unfair bias’ against African economies

Daily Telegraph NZ -

South Africa’s finance minister, Enoch Godongwana, has accused major international credit rating agencies of systematically undervaluing African economies, saying their assessments fail to reflect...

Unemployment hits 5.3% as job market weakens and wage growth slows

Daily Telegraph NZ -

New Zealand’s unemployment rate rose to 5.3% in the September quarter — its highest level in nearly nine years — as businesses froze hiring...

Universal Basic Income: Make slavery great again

David Bell -

I once worked in communities supported mainly through a form of Universal Basic Income (UBI). Most money was received from the government for no (or...

Malaysia commits major investments in New Zealand energy and tourism

Daily Telegraph NZ -

Prime Minister Christopher Luxon’s visit to Malaysia this week has yielded two major foreign investments into New Zealand, with Malaysian conglomerates Yinson Renewables and...

‘Terrible idea’: Willis slams Labour’s Capital Gains Tax policy

Daily Telegraph NZ -

Finance Minister Nicola Willis has criticised Labour’s proposal for a capital gains tax on investment property as “a massive tax on the New Zealand...

Leading Think Tank warns Germany facing ‘dramatic economic decline’

Daily Telegraph NZ -

Germany’s economy is in “dramatic decline” after years of stagnation, falling private investment, and surging government spending, according to a new report by the...

Ethiopia in talks with China to convert dollar debt into Yuan loans

Daily Telegraph NZ -

Ethiopian officials have announced that the country is negotiating a currency swap agreement with China aimed at converting part of its $5.38 billion debt...

S&P downgrades France’s credit rating

Daily Telegraph NZ -

S&P Global Ratings has cut France’s long-term sovereign credit rating from AA- to A+, citing mounting public debt, sluggish fiscal reforms, and deepening political...

Gold could hit $10,000 – JPMorgan boss

Daily Telegraph NZ -

The precious metal has more than doubled in price since 2023, gaining renewed popularity amid rising inflation and geopolitical tensions. Gold could soar to $10,000...

GrabOne enters liquidation

Daily Telegraph NZ -

Online deals site GrabOne has gone into liquidation, with Calibre Partners’ Daniel Stoneman and Neale Jackson appointed as liquidators of Global Marketplace New Zealand,...

Wattie’s cuts more Hawke’s Bay crops

Daily Telegraph NZ -

Wattie’s New Zealand, owned by US food giant Kraft-Heinz, is further scaling back its sourcing of key Hawke’s Bay crops—beetroot, corn, and tomatoes—following an...

Beijing vows to ‘fight to the end’ in trade war with US

Daily Telegraph NZ -

Donald Trump has threatened to impose extra 100% tariffs on all Chinese goods. China has said it is prepared to “fight to the end” in...

Business liquidations surge 40% above pre-Covid levels

Daily Telegraph NZ -

Company liquidations in New Zealand have already surpassed last year’s total for the same period, with 1,974 firms wound up so far amid tightening...

Inland Revenue steps up bank deductions as tax debt tops $9.3b

Daily Telegraph NZ -

Thousands of New Zealanders have had funds taken directly from their bank accounts as Inland Revenue intensifies efforts to recover unpaid taxes. Since mid-June, the...

IMF issues global debt warning

Daily Telegraph NZ -

Public debt levels could outgrow the world economy within five years, IMF chief Kristalina Georgieva has said. Global public debt will exceed the size of...

Peters demands answers over Fonterra’s plan to sell iconic brands to French dairy giant

Daily Telegraph NZ -

Foreign Minister and New Zealand First leader Winston Peters has launched a blistering attack on Fonterra’s proposal to sell its iconic consumer brands —...

Reserve Bank cuts OCR to 2.5%

Daily Telegraph NZ -

The Reserve Bank of New Zealand’s Monetary Policy Committee (MPC) has cut the Official Cash Rate (OCR) by 50 basis points to 2.5 percent,...

Hipkins says ‘entire government’ must resign

Daily Telegraph NZ -

Labour leader Chris Hipkins has refused to join former finance ministers Ruth Richardson and Roger Douglas in calling for Finance Minister Nicola Willis to...

Roger Douglas calls for Willis to resign

Daily Telegraph NZ -

Former Finance Minister Sir Roger Douglas and economist Robert MacCulloch have urged Finance Minister Nicola Willis to resign, blaming her handling of ballooning deficits...

Administrators recommend liquidation as Kitchen Things collapses owing $16.6m

Daily Telegraph NZ -

Kitchen Things and its related companies face liquidation after administrators revealed debts of more than $16.6 million owed to 396 creditors, including $9.9m to...

Fitch hits France with record-low credit score

Daily Telegraph NZ -

The agency linked the cut to growing political instability. France’s credit score has been downgraded from AA- to A+, the country’s lowest on record, with...

Builders struggle as construction insolvencies climb 13% year-on-year

Daily Telegraph NZ -

Construction sector insolvencies remain high, with 187 cases recorded in the June quarter—up 13 percent on last year—according to BWA Insolvency. While down slightly from...

Three Kiwi medical tech startups collapse after funding shortfall

Daily Telegraph NZ -

Three New Zealand medical technology companies – Upstream Medical Technologies, Tiro Medical, and Exsurgo – have entered liquidation after failing to secure further investment. Despite...

Post-Covid slowdown leaves NZ near bottom of global wage growth rankings

Daily Telegraph NZ -

New Zealand’s post-Covid economic downturn has left wage growth near the lowest globally, with the country ranking 25th out of 43 for per capita...

German unemployment hits ten-year high

Daily Telegraph NZ -

The country’s economy is facing a third consecutive year without growth. Unemployment in Germany has risen to its highest level in a decade, official figures...

Reserve Bank chair Neil Quigley quits

Daily Telegraph NZ -

Reserve Bank chair Neil Quigley has resigned with immediate effect after months of controversy over his handling of former Governor Adrian Orr’s departure. Finance Minister...

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Economy

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Trump says U.S. could control 55% of world oil with Venezuelan deal

New scientific review linking COVID jab to cancer targeted in massive cyber attack

U.S. nutrition shake-up sparks debate over missed export opportunity for NZ

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