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Wednesday, February 21, 2024

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Economy

Tougher sanctions aim to reduce welfare dependency

Social Development Minister Louise Upston has announced an increase in benefit sanctions starting June, focusing particularly on young jobseekers. The Ministry of Social Development (MSD)...

Luxon delivers ‘State of the Nation’ speech

Luxon delivered the speech today in Auckland In his inaugural 'State of the Nation' speech, PM Christopher Luxon outlined a comprehensive plan he claims will...

Budget will be delivered on 30 May – Willis

Plans to deliver tax relief to hard-working New Zealanders, rebuild business confidence and restore the Crown’s finances to order will be unveiled on 30...

Government to ‘focus on getting people into work’

The coalition government will refocus employment efforts and the welfare system so that supporting people who can work into jobs is the number one...

Central-bank buying spree driving demand for gold – report

Net purchases in 2023 almost matched the previous year’s record, the World Gold Council has said. Total gold demand hit the highest level on record...

Fast track consenting in the fast lane

The Government is progressing changes to resource management laws as part of its 100 Day Action Plan, with the first steps taken to establish...

Minimum wage to increase from 1 April

The Government has announced an increase in the minimum wage to $23.15 per hour from April 1, 2024. This represents a 2% increase from the...

Hungary responds to reported EU threat to destroy its economy

Budapest has continued to object to a planned aid package for Ukraine ahead of an EU summit this week. Hungary’s minister for European affairs, Janos...

David Seymour: State of the Nation 2024

Full text and video of ACT Party leader David Seymour's 'State of the Nation 2024' speech delivered this morning. https://youtu.be/AAB2KJCRpKo?si=OJldpJnM8RTjH2IE Introduction Good morning, fellow New Zealanders. Today I’d...

Argentinian President’s viral 20 minute speech on the evils of socialism leaves WEF globalists stunned

Javier Milei's speech has been viewed 27 million times on Twitter (X) alone, in less than a day. Argentina was once a world power, but...

‘Benefit numbers show scale of repair job ahead’ – Upston

Benefit numbers released today paint a grim picture of the previous government’s economic mismanagement, Social Development and Employment Minister, Louise Upston says. “The fact there...

Inflation in Argentina tops 200%

Consumer prices in Argentina have been soaring after devaluation of peso by Javier Milei’s new government. Annual inflation in Argentina exceeded 211% in 2023, marking...

Record number of corporate bankruptcies in France in 2023

Over 55,000 French businesses closed their doors in 2023, the Bank of France says. More than 55,000 businesses were shut down in France in 2023,...

Thank you for 2023. Now for 2024

I would like to thank all our readers, supporters and contributors for their support of DTNZ in 2023. Our readership grows month-to-month despite operating in...

NZ report card 2023: near the top of the class in some areas, room for improvement elsewhere

End-of-year results aren’t only for school and university students. Countries, too, can be measured for their progress – or lack of it – across...

UK likely in recession – data

Revised official statistics show a GDP contraction in the third quarter. Britain’s economy unexpectedly contracted in the third quarter of the year, raising the possibility...

‘Fiscal repair job underway’ – Willis

The coalition Government is taking decisive action to repair the Government books and support income tax relief in next year’s Budget, Finance Minister Nicola...

Government repeals Natural and Built Environment Act and Spatial Planning Act

Parliament has passed legislation repealing the Natural and Built Environment Act and the Spatial Planning Act as part of the Government’s 100-day plan, RMA...

NZ accepts Vice Chair role at the upcoming WTO

Trade Minister Todd McClay has accepted the role of Vice Chair for the World Trade Organisation’s 13th Ministerial Conference in Abu Dhabi next year. “I...

GDP decreases 0.3 percent in the September 2023 quarter

New Zealand’s gross domestic product (GDP) fell 0.3 percent in the September 2023 quarter, following a revised 0.5 percent increase in the June 2023...

Government renews Reserve Bank focus on inflation

With Parliament now having passed the Reserve Bank of New Zealand (Economic Objective) Amendment Bill, the coalition Government has met its 100-Day commitment to...

Fair Pay Agreement legislation to be repealed by Christmas – Van Velden

The Government is delivering on its commitment to repeal the Fair Pay Agreement legislation by Christmas 2023. “We are moving quickly to remove this legislation...

Govt extends 90-day trial periods to all employers

The Government is delivering on its commitment to extend the availability of 90-day trial periods to all employers. “Extending 90-day trial periods to all employers...

Non-residential building activity down in September quarter

The seasonally adjusted volume of building activity in New Zealand was $8.6 billion in the September 2023 quarter, down 2.4 percent compared with the...

Top grocery brands fueling ‘greedflation’ – UK watchdog

Big names have been hiking prices faster than their costs increased, says Competition and Markets Authority. Many popular grocery suppliers have been pushing up prices...

Central banks risk plunging developed world into recession – OECD

Aggressive anti-inflation policies are hurting economic growth, a report warns. Central bankers’ continued fight to bring rampant inflation under control could plunge developed countries into...

Pandemics as a Catalyst for a New World Order

Each nation in the world has its own culture, governance structures, traditions, property, borders, and peoples. We must preserve the diversity and sovereignty of nations...

Cocoa prices near 50-year highs

Global shortages and high demand for chocolate have sent futures soaring. Prices for cocoa soared to their highest level in nearly half a century this...

World facing ‘debt tsunami’ – Bloomberg

Bond yields have risen substantially in developed countries, with central banks offloading their vast holdings. Sovereign bond sales could increase further next year as budget...

10 tips for Kiwi businesses going into 2024

For any business to survive in the dynamic and ever-changing landscape of the corporate world, it must be adaptable. However, as we move forward into...

NZ 2023 election increases filled jobs for October

Filled jobs rose by 13,046 when seasonally adjusted in October 2023 compared to September 2023, according to figures released by Stats NZ today. The increase...

Turkey raises interest rates to 40%

The Turkish central bank’s rate hike was double economists’ expectations. Türkiye’s central bank hiked its key interest rate to 40% on Thursday in an effort...

Foreign buyers moving away from US debt – WSJ

Share of US Treasuries owned by overseas holders has shrunk significantly in ten years, the newspaper reports. Demand for US outstanding government debt from overseas...

Japan faces recession – official data

The country’s economy saw a sharp contraction in the third quarter. The Japanese economy slipped into a contraction in the period from July to September,...

Record net migration loss of New Zealand citizens

There was a record net migration loss of 44,700 New Zealand citizens in the September 2023 year, according to provisional estimates released by Stats...

Food prices up since last year but down in October 2023

Food prices in New Zealand were 6.3 percent higher than a year ago but were cheaper in October 2023 than they were a month...

BRICS overtaking G7 in economic might – Bloomberg

The group’s share of global GDP in PPP terms is set to more than double that of the G7 by 2040, according to a...

US debt to top $50 trillion – BoA

The country’s $31.4 trillion debt ceiling was exceeded in January, and later scrapped altogether until 2025. The US national debt could surge by $20 trillion...

Fall in exports to China continues in the year ended September 2023

The total value of goods exported to China in the year ended September 2023 was $19.3 billion, according to figures released by Stats NZ...

UK firms shedding staff as recession fears mount

British private sector output dropped in September, prompting firms to cut staff, S&P Global says. Companies in the UK’s private sector have been downsizing their...

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