Here's our summary of key economic events overnight that affect New Zealand with news a new global debt cycle is underway. The Australian 10 year bond yield starts today at 4.72%, up +3 bps from yesterday. The NZ Government 10 year bond rate starts today at 4.39%, up +1 bp from yesterday. That all means our TWI-5 starts today up +10 bps from yesterday, now just under 63.3. The bitcoin price starts today at US$68,080 and up +6.3% from this time yesterday.
But it has had no overnight air traffic control abilities, meaning aircraft unable to land at either of those two cities must fly a long way to land safely. The likes of this P-8A Poseidon landing at RNZAF Base Ōhakea might, in 18 months, have the more frequent company of jumbo jets. The relevant air traffic control system is not yet available overnight. And Ōhakea has been available to airlines as an alternate runway only between 5am and 10.30pm. It was important for the Air Force base to be available at all times, O’Brien told the Herald.
“I walked to the gym, and 10 minutes in, they all told us to get out,” she told the Herald. “I started to walk back to where I was staying, and I started to notice everything was closing. I packed all my stuff from the place where I was staying and went to my friend’s apartment. Her local friends told her the most recent episode was the worst they had seen. They have been encouraged to monitor local media for updates and follow the advice of the local authorities.
Bayleys agent Edward Pack said both buyer and seller had asked him not to discuss the sale, the outcome of which is public. But the sale listing showed the home was no longer the tired do-up bought in 2020 by a couple who told OneRoof they were determined to restore what they described as “the worst house on the best street”. The home at 109 John St, pictured from the streetfront in December 2020. At that stage, it had a new roof and bathroom, was fully insulated and had been partially rewired, Bayleys listing agent Chris Batchelor told OneRoof. “Elegantly traditional from the street, step inside to a masterpiece of contemporary style and comfort,” read the sale listing, which also championed the blonde parquet floors, kitchen finished in Calacatta Vagli stone and full scullery.
PHOTO: GREGOR RICHARDSONAn elderly driver who ploughed into a line of stopped traffic caused a lane of the highway near Mosgiel to be blocked. Police blamed driver inattention for the crash which happened when the elderly driver failed to see the line of stopped traffic on SH1 south of East Taieri. The drivers of both vehicles involved suffered minor injuries, police said. Minor injuries to those involved including the elderly driver whose airbag deployed. The crash occurred on State Highway 1 just south of East Taieri about 4.20pm yesterday.
Armed police were called to the Z service station in Kaikorai Valley Rd tonight. PHOTO: GREGOR RICHARDSONPolice fired a shot during an incident at a Dunedin service station tonight in their efforts to catch a man they describe as a "high risk" offender. In response, police deployed a range of tactical options including one shot from a police pistol", Supt Guthrie said. He was apprehended soon after by a police dog team in the Fraser's Gully area," Supt Guthrie said. "Police want to reassure the community that there is no ongoing public safety risk following this incident," Supt Guthrie said.
A large grass fire that forced the evacuation of homes in Central Otago has been contained. Fire and Emergency NZ crews were called to the blaze about 3.30pm yesterday in the Springvale area near Clyde. A Fenz vehicle moves towards a large grass fire in the Springvale area near Clyde in Central Otago yesterday. Photo: Kaden Campbell via RNZMr McQuillan said residents of most of the properties evacuated had been allowed to return home. About 20ha had been burned on both sides of Springvale Rd, which remained closed tonight.
Another man arrested as part of Operation Vintage died by suicide a year after his arrest. A prosecution summary of facts revealed 45-year-old Clinton Lee Forman, of Cromwell, was allegedly cultivating "large numbers" of cannabis plants on various plots around Haast and Westland. From two of the plots, police seized 88 plants with an expected yield of more than $68,000. Forman was arrested in April 2023 and faced 19 charges, which later sparked police proceedings to restrain his home and vehicle under proceeds-of-crime legislation. His father told a later coronial inquiry the man’s mental health declined "sharply" after becoming aware of the civil proceedings.
Now Timu, who was his legal guardian and great aunt, has pleaded guilty to manslaughter, accepting her role in his death. The 62-year-old also has admitted a series of charges, some of them representative, related to ill-treatment and ongoing violence towards Rickah’Shae. As Timu entered guilty pleas, a large number of family members and supporters of Rickah’Shae were in attendance. Timu pleaded guilty to 12 charges, including the manslaughter charge, and the violence and ill-treatment charges related to Rickah’Shae. Timu accepted charges of ill-treatment, which included shaving the children’s hair to embarrass them, and withholding food.
Photo: © Mogie Adamchik 2025The format, the contenders, the history, the ambassadors, plenty of highlights ahead of golf's New Zealand Open. Photo: PHOTOSPORTArguably the most famous New Zealand Open though was in 2002 at Paraparaumu Beach, when Tiger Woods came to New Zealand. Seven other former New Zealand Open winners are also competing. He finished tied for second at last year's New Zealand Open, alongside South African Ian Snyman, who has also returned. She won the French Open in 2019, Wimbledon in 2021 and the Australian Open in 2022, before retiring at the age of just 25.
PHOTO: GERRIT DOPPENBERGWhat do you get when cross a Swedish farmer with a penchant for adventure, the oldest functional plane in Sweden, a global logistics crisis and Mandeville, the "Mecca for old planes"? Clearly Mr Wiukander was not particularly fussed by the diversion despite the oldest functional plane in Sweden going off-radar for 12 months. After the plane was picked up by their friends the duo travelled around New Zealand taking it to the Croydon Aviation centre which Mr Wiukander was very fond of. "This is the 13th time [for me], and the eighth time [for Mr Samberg]. The next step on their journey is a leg down to the Stewart Island, before packing up and heading back to Sweden, reunited with their plane.
Photo: PGG WrightsonA thriving rural economy has helped PGG Wrightson (PGW) lift its half-year profit 8% to $17.3 million. The rural business company expects further strong trading in the second half. A spending boost is expected from an average $300,000 one-off payment to dairy farmers from Fonterra’s sale of its consumer business. PGW was seeing dairy farmers already investing in their businesses from the coming one-off Fonterra payment. "We have sold some properties to farmers as they look to expand their footprint and some are looking for rural residential property as well.
The Dunedin City Council is encouraging people to step up and become a candidate in the upcoming by-election. The by-election is required to fill the councillor position left vacant by the unexpected death of Cr Jules Radich on January 5. Council deputy electoral officer Robyn Dillon said, in a statement, people with an interest in the future of Dunedin should consider putting themselves forward for election. To stand, candidates must be enrolled to vote and a New Zealand citizen by the close of the nomination period. Nomination papers and information about the by-election is available on the council website www.dunedin.govt.nz/elections.
This building in Queenstown’s CBD, home to Plunket Queenstown, sold for $3.05 million at auction yesterday, more than $2m under its capital valuation. PHOTO: FILESQueenstown's Plunket building is in new hands. After a 10-minute pause, the bidding war eventually began, in which the price rose from $2.6m to the eventual sale price, via phone, of $3.05m. The vendor at that time was Plunket’s national body, and that sale price was also below the CV. The 531sq m property, containing a 240sq m building, is still home to Plunket Queenstown.
Two Invercargill tertiary education providers will share a campus next year. The University of Otago’s College of Education Invercargill programmes will move to the Southern Institute of Technology (SIT) main campus in December this year. The present College of Education campus, in Nelson St, was recently sold. While the two institutions would share a campus, the programmes delivered at the College of Education would continue under the umbrella of the University of Otago. SIT chief executive Bharat Guha said having most of Southland’s tertiary education located in one place was a great opportunity.
