Author: Press Room
This afternoon’s official cash rate (OCR) decision by the Reserve Bank is expected to be a cut, but economists remain divided about how deeply interest rates will fall.The central bank’s monetary policy committee will almost certainly cut interest rates when it meets later today.But economic experts are divided on whether it will be a quarter-point cut (0.25%) to 2.75% or a larger half-point (0.5%) reduction to 2.50%.Kiwibank’s chief economist Jarrod Kerr speaks to Breakfast about what he thinks the central bank will announce this afternoon. (Source: Breakfast)The Reserve Bank’s decision will likely be predicated on how badly it thinks New…
ADVERTISEMENT Greenland’s Prime Minister Jens-Frederik Nielsen addressed the European Parliament for the first time ever on Wednesday and announced that the territory is not seeking to join the European Union and is “definitely not seeking to be part” of the United States. Asked by Euronews if Greenland is more likely to join the EU or be annexed by the US in the future — an interest US President Donald Trump repeatedly expressed — Nielsen said: “Let me say this clear, we are not going to join another country.” “Right now (Greenland has) no plans for trying to be a member of…
Tough economic times and rising costs have culminated in the “difficult decision” to place a Dunedin kebab restaurant into liquidation. Anatolia Turkish Kebab House has ceased trading, as its operating company, Anatolia Turkish Cafe Ltd, was placed into liquidation by shareholder resolution last week. The company operated the Turkish restaurant and takeaways business in Princes St for about 10 years, before moving to a larger premises in the ground floor of the street’s historic Excelsior Hotel building in 2023. The liquidators’ first report, released this week, said company director Murat Bay had operated similar operations successfully for many years. “However,…
Police are still on the hunt for those who were assisting Tom Phillips as he evaded authorities, a month after he was fatally shot by police.It comes as the media are now able to report a Family Court judge also granted an interim injunction in relation to the case.Phillips died following a shootout with police after they were called to reports of a burglary in the early hours of September 8.After Phillips’ death police said it was clear he had received help.On Tuesday, a police spokeswoman confirmed the investigation into Phillips’ accomplices was ongoing.Police recently said they were “following strong…
ADVERTISEMENT There has long been a debate within the European Union over how to name plant-based foods. These products are becoming increasingly popular, yet uncertainty remains about how they should be labelled and promoted within the single market. Can we call a soya-based patty a veggie burger? Should we use the term “sausage” if it doesn’t contain meat, or do such terms confuse consumers? On Wednesday, the European Parliament decided that names such as hamburger, sausage, escalope or steak can only be used for meat products and not for plant-based foods. “I accept that steak, cutlet or sausage are products…
A Northland mother who drank 18 premixed vodkas, then drove while still impaired the next morning with her two children in the backseat is living each day with the death of her six-year-old.It was December 22, 2017 and Marino Wikaira’s then two-year-old was in a child car seat, while her six-year-old daughter was in the middle of the back seat with just a lap belt.Wikaira was exceeding the 100km/h speed limit on a road in Kaikohe when she took her eyes off the road to check on her children in the backseat but lost control, veering into the opposite lane…
The Government is refusing to say whether it is revoking the citizenship of a man who used his brother’s passport to become a New Zealander.Bangladesh-born Jahangir Alam, who pretended to be his brother for 20 years, was handed the longest prison term in New Zealand history for passport fraud in August.He was jailed for four years and his wife, Taj Parvin Shilpi, was sentenced to home detention. They pleaded not guilty to 40 charges of immigration and passport fraud but a jury found them guilty.Internal Affairs (DIA) said it would not discuss the couple’s citizenship to protect their privacy.It said…
She has sung for queens, presidents, and packed concert halls across the world, but Dame Kiri Te Kanawa’s greatest legacy may now be what she leaves behind.Nearly 60 years after winning the Mobil Song Quest, the celebrated soprano has come full circle. Her foundation has been announced as the new principal partner of New Zealand’s most prestigious classical singing competition, which from 2026 will be renamed the Kiri Te Kanawa Song Quest.“I feel very elated,” she told 1News. “There are so many good singers out there who just need a chance.”It is a fitting partnership for the woman whose own…
The morning’s headlines in 90 seconds, including a new injunction in the Marokopa case, Chlöe Swarbrick slams a ‘distraction’, and California motorists save a woman trapped under a crashed chopper. A new injunction’s in place over reporting on the Marokopa family case. Chlöe Swarbrick says the focus on damage at Winston Peters’ home and her relationships with activists is a ‘distraction’.Gaza peace talks are ongoing, as commemorations of the October 7 attacks take place. Pressure to resign is mounting on French president Emmanuel Macron. ADVERTISEMENTCalifornia motorists had to lift part of a crashed medical helicopter off an injured woman.
Activists blockaded the entrance to the National Aerospace Summit at Christchurch’s Te Pae Convention Centre this morning.The protest, organised by Peace Action Ōtautahi, began today at 8.30am with many protestors pictured sitting at entrances to Te Pae Convention Centre in an attempt to prevent the summit from going ahead. The group aimed to raise public awareness of what it said were ties between the aerospace sector, the US military, and the Israeli Defence Force.A person is carried by police in front of Te Pae Convention Centre in Christchurch. (Source: 1News)”There is no place for war profiteers and genocide enablers in…