Here's our summary of key economic events overnight that affect New Zealand, with news there were a flurry of factory PMIs released overnight confirming a global manufacturing downturn remains but it is minor. A week ago it was at exactly the same level. A week ago it was at US$2000/oz, so a +3.0% gain since then. A week ago it was at 60.7 so a +1¼c gain from then. A week ago it was at US$37,928 so a lesser +2.2% rise from then.

December 02, 2023 07:42 UTC

Bangladesh celebrate a wicket against the Black Caps. Photo: Bangladesh Cricket BoardAfter going unbeaten in their first 15 test encounters, the Black Caps have been beaten by Bangladesh for the second time in as many years. It was Bangladesh’s first test victory over the Black Caps at home, having enjoyed a historic eight-wicket triumph over the hosts in Mount Maunganui in January 2022. The New Zealand batters had few answers for the hosts’ spin-heavy attack on a track that turned but maintained its consistency in a manner that belied the Black Caps’ fourth-innings collapse. But after reaching his ninth test 50, Mitchell swept Nayeem Hasan to backward square in the 10th over of the day, where Taijul took the catch to quash the Black Caps’ faint hopes.

December 02, 2023 06:36 UTC

“And there’ll be no shortage of ‘events’ to test Luxon’s political skills. David Seymour wants a referendum on the Treaty. Winston wants a Royal Commission of Inquiry into Labour’s handling of the Covid crisis. Talk about cans of worms!”were very fond of their local. It was nothing ...

December 02, 2023 05:15 UTC

Non-performing housing loans rose again quite sharply in the last month after seemingly stabilising for several months. In addition, there was another reasonably substantial rise in overall non-performing loans across the whole banking system. Latest Reserve Bank loans by asset quality figures for October show that non-performing housing loans rose by $71 million (5.3%) to $1.414 billion. But nevertheless, year-on-year the non-performing housing loans are up by $606 million - or 75.1%. By some means of comparison, in the post GFC period, the non-performing housing loans ratio hit 1.2%, while the total system non-performing loan ratio hit 2.2%.

December 02, 2023 04:35 UTC

However, the thing that caught everyone’s eye was Rublev’s actions during his group stage matches against Carlos Alcaraz and Alexander Zverev. Rublev hit himself with the racquet during his match against the Spaniard, who had lost a couple of points, leading to blood oozing out of his knee. ADVERTISEMENTIn a recent interview with media outlet Championat, Rublev gave his reasons behind his acts of self-mutilation. Rublev sounded funny when they talked about how he didn’t want to break his racquet by striking it on the ground, thereby choosing to hit it on his knee. Andrey Rublev throws his racquet in disgust during the match against Alexander Zverev.

December 02, 2023 04:15 UTC





That sense of disbelief only intensified when, to everyone’s surprise, the stolen truck reappeared at the same spot days later. Despite arriving with an apology letter from the thief and toys for the owner’s son, police are still trying to find the responsible party. Varun Chada owns the Kati Street cafe and after work one day he realized he’d left something in the shop. He left his truck running as he popped back in to retrieve that item. Four days later, Chada rocked up to his business only to be shocked once again but this time because the truck had returned.

December 02, 2023 03:33 UTC

Air New Zealand and New Zealand Herald staff love Gisborne-grown macadamias. As part of the announcement of Air NZ’s new snack menu, NZ Herald reporter

December 02, 2023 03:31 UTC

Ministers Ciga-Reti and Nicotine Willis defending tax cuts partly funded by tobacco use sustained at a higher population rate, has revealed their cold calculus. With Labour establishing Te Pukenga, and National disestablishing it, Labour will remind us of the foolishness of antidisestablishmentarianism (not a term that’s been in vogue since to court of George IV). Labour and Greens need to concentrate their efforts so that this lot are only in power for one term and no more. Those simple ‘are we heading in the right direction’ survey questions will take a year and enjoy the tax cuts. Kick this lot out in just one term.

December 02, 2023 02:53 UTC

The ODT has highlighted how Otago University’s reputation was damaged by a story broken in early October about students biting the legs off live ducks. Their most recent update, published November 30 behind a paywall, included internal communications, aghast testimony from staff and members of the public, and speculation about the University’s long-term reputation. There has been “complete radio silence” on campus, said the Proctor, in a quote the ODT chose not to include. The University of Otago, OUSA, Police, and the Department of Conservation have been unable to corroborate the claims of duck-biting, according to a University spokesperson. As evidenced by the 67 pages of communications, the story has clearly impacted public perception of the University and the students who call it home.

December 02, 2023 02:53 UTC

Thanks to inflation, fresh fruit and vegetables have been one of the costlier items for New Zealand consumers this year, though prices fell 3.9 per cent in September. Fresh berries might become a luxury some will not be able to afford. Throughout the week strawberry prices have been ranging from reasonable — the average supermarket price seems to sit at around $5 for a 250g punnet — to as much as $12 for 250g. Kaihoke Berries general manager Todd Jackson told the Northern Advocate in September that because of the shortage, fewer strawberries would be available this summer, so prices would go up. “There’s no doubt that the price of strawberries is going to increase this year.

December 02, 2023 01:09 UTC

Some schools around New Zealand have moved to ban Crocs and their Jibbitz charms due to a number of issues, including "confusion and occasional disputes over ownership" – and "big kids 'negotiating' with little kids" for a trade. Some New Zealand schools have moved to ban Crocs and their Jibbitz charms due to a number of issues. Picture: Abigail Dougherty/Stuff (Stuff)"As you may be aware, Jibbitz are small charms that attach to Crocs shoes. This has led to instances where students are losing their Jibbitz during school hours, causing unnecessary worry and distraction." The email said while students would still be able to wear crocs, Jibbitz would be banned.

December 01, 2023 23:02 UTC

Following a two-month entry period and two rounds of judging by 51 industry experts, the Commercial Communications Council awarded 20 Silver Pressies, 12 Gold Awards, and the Grand Prix. Katharine Broughton, this year’s convenor of judges, added: “It’s always inspiring to see so many fantastic entries. Congratulations to all winners!”The 2023 Pressie Awards were presented by the Comms Council and were made possible through sponsorship from Meta, NZME, Stuff, Telum Media, and The Spinoff. The Comms Council extends congratulations to all finalists and winners of the 2023 Pressie Awards. Click here to see the full 2023 Pressie Awards Winners List

December 01, 2023 13:49 UTC

A disgruntled ex-employee made a late-night visit to his old workplace in Fairfield and threatened to kill former colleagues, police say. Senior Sergeant Anthony Bond, of Dunedin, said police were called to a Fairfield business at 11pm yesterday due to an ex-employee making threats towards the staff at the premises. A 42-year-old man threatened to kill multiple employees there and made further threats. Police found the man at his home address. The man was arrested and charged with two charges of threats to kill.

December 01, 2023 10:31 UTC

Michael Wahrlich was known in Wellington as Mike the Juggler and died in a fire at his accommodation earlier this year. A year before Loafers Lodge fire victim Michael "Mike the Juggler" Wahrlich died, he was beaten for almost 20 minutes in his home by a man wanting a cigarette. About 10.55pm on April 29 last year, Arena, 41, knocked on Wahrlich's apartment door, the Wellington District Court heard today. Jade Akarana Arena was sentenced in the Wellington District Court today. On a charge of wounding with intent to injure, Arena was sentenced to six months of community detention, coupled with nine months of intensive supervision.

December 01, 2023 10:10 UTC

Written By: mickysavage - Date published: 10:42 am, December 1st, 2023 - 85 commentsCategories: local body elections, local government - Tags:I should admit that I am a fan of Tory Whanau. And besides he supported conservative candidate Diane Calvert and allegedly gave advice to conservative candidates running against Labour candidates. I am sure the reality was more mixed but doing anything to provide succour to right wing candidates should be frowned upon. By way of contrast Tory Whanau offered a truly progressive view of the world and what Wellington could be. But this pile on is typical of right wing media’s approach to any progressive woman who puts her head above the parapet.

December 01, 2023 09:43 UTC