Sunday, August 23, 2026

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Economy




ANZ lifts fixed mortgage and deposit rates

ANZ has raised several fixed home loan and term deposit rates, increasing mortgage rates across one- to five-year terms by 10 to 20 basis...

NZ retail sector hit by skyrocketing fuel prices

New Zealand’s retail sector is facing a significant decline hidden by the global fuel spike that is draining household budgets, says Retail NZ Chief...

Peters blasts BusinessNZ for backing India trade deal

NZ First leader Winston Peters has criticised BusinessNZ after it publicly backed the proposed New Zealand–India Free Trade Agreement, accusing the organisation of endorsing...

Middle East war triggering global energy ‘shock’ – IMF

Disruptions to oil and gas supplies will leave lasting “scars” on the world economy, managing director Kristalina Georgieva has said. The war in the Middle...

Not your grandfather’s stagflation

It was pretty obvious even before February 28th that the US economy was grinding to a halt, even as inflation was already working up...

The behemoth of global corruption is an extension of ourselves

Hard times. Emerging from an apparently engineered pandemic, now in another war for ephemeral reasons, a resultant economic crisis that is exacerbating unmanageable debt,...

UK facing worst economic shock in decades – IMF

British households are facing renewed pressure on living standards as fuel costs surge, the organization has warned. The UK is facing one of the largest...

The deep economic and strategic motives behind the Iran War

A recent episode of The Corbett Report challenges mainstream explanations surrounding the ongoing Iran conflict, arguing that the publicly stated reasons for the war...

Consumer confidence plunges amid Middle East conflict

March’s ANZ-Roy Morgan Consumer Confidence index fell sharply into negative territory at 91.3 points from last month’s 101.1 points, with any score under 100...

Decisions taken overseas are challenging our Kiwi way of life

Following global giant Kraft Heinz’s decision to close their iconic NZ Watties growing and processing operation, rival company McCain, also a food multinational with...

Fuel price surge triggers $50 weekly support boost for families

The Government has announced a temporary increase to the in-work tax credit, aimed at easing cost-of-living pressures on low-to-middle-income working families as rising global...

Willis warns volatility reinforces fiscal discipline after Fitch outlook shift

Finance Minister Nicola Willis says rising global economic uncertainty has underscored the importance of the Government’s fiscal consolidation programme, following Fitch Ratings’ decision to...

Poll finds rising US anxiety over AI as living costs bite

A new national survey suggests growing numbers of Americans are worried that artificial intelligence is advancing faster than protections for workers, with many linking...

IMF issues national debt warning to U.S.

The nation’s $38 trillion debt presents a growing risk to the global economy, the experts have warned. US national debt will surge to 140% of...

McClay welcomes U.S. tariffs ruling but warns of ‘ongoing uncertainty’

Trade and Investment Minister Todd McClay says a recent U.S. Supreme Court ruling on the so-called “Liberation Day tariffs” could prove significant for New...

Some hard sobering truths are beginning to sink in

For some months now, the NZ government has been claiming that an economic recovery is just around the corner. We are still waiting and...

Willis announces ‘independent review’ of Covid-19 monetary policy

The Government has instigated an independent review of New Zealand’s monetary policy response to the Covid-19 pandemic. Finance Minister Nicola Willis says the purpose of...

Britons working harder for less

Lower-income households across the United Kingdom are facing decades of stagnant living standards as wage growth continues to lag behind rising costs, according to...

U.S. Dollar rout fears surge as traders pile into collapse bets

Global traders are making their strongest bets in more than a decade that the US dollar’s decline is far from over, as political and...

National and Labour bypass ballot to fast-track modern slavery law

National and Labour have joined forces to fast-track modern slavery legislation into Parliament using a new bipartisan process that bypasses the traditional members’ bill...

India deal sparks job-for-cash claims

Serious allegations of migrant exploitation and job-for-cash schemes have emerged amid growing political and soclal backlash against New Zealand’s proposed free trade agreement (FTA)...

EU-US trade deal on hold over Greenland spat

There is no certainty that MEPs will move forward despite Trump revoking his tariffs threat. European Parliament lawmakers have declined to resume ratifying a key...

Luxon’s India FTA: Whistleblower warns of ‘uncapped’ immigration and systemic fraud

Broadcaster Duncan Garner revealed claims from an immigration whistleblower warning the India Free Trade Agreement (FTA) deal will fundamentally weaken New Zealand’s control over...

Indian exports to China surge

India’s exports to China climbed sharply in December, reflecting improving relations between the two Asian powers and growing pressure from restrictive U.S. trade measures. Commerce...

Business closures surge as economic pressures bite

A growing number of businesses have closed or entered liquidation in the first weeks of the year, including EB Games stores, Miniso and Yoyoso...

Is Trump trying to break the Federal Reserve?

The feud between the Fed chair and the US president seems shocking, but the foundation for central bank independence has long since eroded. Federal Reserve...

Peters tells RBNZ governor to stay out of US politics

Foreign Minister Winston Peters has criticised Reserve Bank Governor Anna Breman for involving herself in United States domestic politics after she signed a letter...

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

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

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’

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

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

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

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

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

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

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

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

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%

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

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...

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