Author: Press Room

The OCR is down, so why are home loan rates rising?

Wholesale rates are getting the blame for the fact that two weeks after the official cash rate was cut, one major bank has increased some of its fixed-term home loan rates.Westpac said on Tuesday it was increasing its home loans over two- to five-year terms by 30 basis points.That takes a two-year fix to 4.75%.At the same time, it is reducing its six-month rate by 20 basis points, to 4.69%.Before the latest OCR decision, wholesale markets had virtually priced in one more cut.So when the Reserve Bank indicated it thought another cut might not be needed, wholesale rates ticked up.Westpac…

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Speed, alcohol and inexperience factors in Nelson teen’s fatal crash

A Nelson teenager was fleeing police at about 183km/h when she lost control of the vehicle and smashed into a tree.Tieylr Saige Ayrton, 17, died from a head injury sustained in the crash on Rutherford Street in March 2022.The girl was under the influence of alcohol and driving on a restricted driver licence in the early hours of the morning. Her two passengers suffered serious injuries in the crash.Coroner Megan Armistead, in findings released on Wednesday, said Ayrton’s death was avoidable and highlighted the dangers of driving while intoxicated and the importance of complying with restricted licence conditions.The Transport Agency…

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Mt Eden prisoner dies 11 days after attack, homicide probe launched

A homicide investigation has been launched following the death of a Mt Eden Corrections Facility prisoner.Detective Senior Sergeant Martin Friend said officers were notified by Corrections about a serious assault at the prison on November 29. He said the male victim was taken to hospital with critical injuries.”He has remained in intensive care at Auckland City Hospital since that time. Unfortunately, despite ongoing medical assistance, the man succumbed to his injures yesterday,” Friend said. Police had continued inquiries since late November, which would now become a homicide inquiry.”Our thoughts are with the man’s family at this difficult time,” he said.…

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News in 90 Seconds December 10

The morning’s headlines in 90 seconds, including a man arrested after a murder on an Auckland bus, new material about Ghislaine Maxwell and Jeffrey Epstein to be released, and malware warning for thousands of New ZealandersA man’s arrested after two stabbing attacks on an Auckland bus.Tracks in Tongariro National Park will reopen today after a large fire was contained. New material about Jeffrey Epstein and Ghislaine Maxwell is about to be released. Australia’s world first ban on social media for under 16s has kicked in. Thousands of New Zealanders will get emails this morning, alerting them to the presence of…

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Auckland Transport says bus stabbing attacks ‘deeply concerning’

The 36-year-old man accused of stabbing two people in separate incidents aboard a bus is due to appear in court today, as Auckland Transport describes the event as “deeply concerning”. One man died yesterday, and another was seriously injured after being stabbed by the same person at different times aboard the number 76 bus as it journeyed from Glen Innes towards Ōrakei on Monday evening. A 36-year-old man arrested for murder and causing grievous bodily harm yesterday afternoon in Auckland’s CBD, and was due to appear in the Auckland District Court today. Speaking to Breakfast, Auckland Transport’s public transport director…

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Man jailed for ‘disturbing’ child sexual abuse material

A 55-year-old man has been sentenced to five years and two months’ imprisonment for possessing “disturbing” child sexual exploitation material, including of infants under the age of two.Warning: Details in this article may be distressing to some readers. Helplines are provided.Alexandre Harpur, a repeat offender, was sentenced on Tuesday at the Christchurch District Court, pleading guilty to 19 charges of “distributing and possessing objectionable images depicting the sexual exploitation and abuse of babies and children and creating adult bestiality material”.Hapur had previously been jailed for sexual offending against a child.The Department of Internal Affairs’ Digital Child Exploitation Team launched the…

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Up to 26,000 NZers’ devices infected with malware Lumma Stealer

The country’s cyber agency is alerting tens of thousands of New Zealanders that their device has been infected with malicious software.The National Cyber Security Centre was sending emails to around 26,000 email addresses on Wednesday warning about the malware Lumma Stealer, which was designed to steal sensitive information like email addresses and passwords.Some of the stolen passwords were connected to government agency systems and bank accounts.The cyber security centre’s chief operating officer, Michael Jagusch, said it was the first time the agency had contacted so many people.”We have worked with New Zealand government agencies and financial institutions to help protect…

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Sánchez’s political turmoil on The Ring: A government in ‘survival mode’?

Published on 10/12/2025 – 20:30 GMT+1 In this special edition, from the Ateneo of Madrid – an emblematic institution in the heart of the Spanish capital – we are joined by the former Member of the European Parliament for more than two decades for the European People’s Party and former Spanish Minister of Foreign Affairs, José Manuel García-Margallo, and the current member of Congress for the Catalan Socialist Party, José Zaragoza. Both take part in a high-level political showdown analysing the multiple fronts facing Pedro Sánchez’s government. What happens now that Junts has broken the alliance with the Socialists? “This…

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‘Just a disaster’: Dream fishing trip for friends ends in nightmare

Two Whanganui women say what should’ve been a dream fishing trip ended up being a nightmare – one they don’t want anyone else to have to go through.Patsy Deverall and Selah Weingott, 70 and 69 at the time, booked a trip with South Taranaki Fishing Charters in January 2022.Crossing the infamous Pātea bar, the women were thrown into the air and landed heavily on the deck, both suffering serious injuries.Weingott broke her nose and fractured a shoulder, which ultimately required reconstructive surgery, while Deverall injured her back.Maritime New Zealand prosecuted South Taranaki Fishing Charters for offences under the Health and…

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Off-duty Kiwi cop arrests protestors who attacked UK’s Crown Jewels

A Waikato police officer on holiday in the UK has been praised for intervening after protesters smeared custard on the Crown Jewels at the Tower of London.Senior Constable Mark Strongman – who has been in the police for over 29 years – was visiting the tourist attraction on Saturday morning with his wife and family when four people defaced the display case holding the Imperial State Crown.Strongman said he heard a commotion going on ahead of him, before seeing that a substance -reported to have been custard and fruit crumble – had been thrown all over a display case.Four people…

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