The top brass at the country’s banks, as well as their regulators, are due to be publicly questioned by politicians about the level of competition in the banking sector. Finance Minister Nicola Willis has asked Parliament’s Finance and Expenditure Committee to lead an inquiry into competition in the banking sector. The inquiry will draw on the draft findings of the Commerce Commission’s big market study into retail banking, which is due for completion by August 20. NZ Herald Wellington business editor Jenee Tibshraeny explains the possible outcomes of this inquiry. LISTEN ABOVE

Wellington, Nov. 12 (ANI): A new research has suggested that tiny bubbles of air buried deep in the Eastern Antarctica ice may contain the Earth's atmosphere as it was 1.5 million years. Ed Brook, of Oregon State University, said that ice is a great medium for trapping air, as it does so without altering it much, Stuff.co.nz reported. The ice in the North and South poles were formed from thousands of years of snowfall that never melted. Over time, the weight of the snow compacted the individual snowflakes, till they eventually formed ice. The study has been published in the journal Climate of the Past.

Mukzameel Ali holding 10-month-old Mustafa Ali who police say died a violent death on Saturday. The 22-year-old has spoken out again a day after police revealed in a press conference that baby Mustafa Ali suffered violent and blunt-force trauma on Saturday - the day he was rushed to hospital. Mukzameel Ali holding baby Mustafa Maheir Mukzameel Ali, 10 months old, who died on Saturday. “The only thing I was doing - like, I was trying my best to save my son. I was trying to save him.”Police have launched a homicide investigation into the baby’s death.

The latest estimates from Statistics NZ show 19,900 people arrived in NZ on a long-term basis in April, while 17,656 departed long-term. That's the lowest monthly net gain since July 2022 when migration numbers were just starting to pick up again after pandemic border closures. Long-term arrivals were reasonably steady in April at 19,900, compared to the 20,016 long term arrivals in February, and 17,946 in March. That means there was a net loss of 8194 New Zealand citizens in April, and a net gain of 10,439 citizens of other countries. However the Statistics NZ figures are provisional and may be subject to significant revisions.

The total value of building permits increased by 20% month-on-month, the most since May 2020, after a -12% decline in March. While this isn't spectacular, it looks like there is a trend reversal underway from the previous twenty-one months of declines. But the lower levels probably aren't significant at this stage. The Kiwi dollar starts today at just on 61.4 USc and up about +20 bps from this time yesterday. That all means our TWI-5 starts today at 71, and up +20 bps from yesterday.

Average asking prices on property website TradeMe Property declined for the second month in a row in May, suggesting vendors are becoming more realistic about their price expectations. Across the entire country the average asking price declined by 2.3% in May compared to April. "The median days on [the TradeMe Property web] site increased to 68 days for May, an increase of six days from April. "When properties remain on the market for longer, we generally start to see sellers adjusting their expectations and asking price," she said. •You can have articles like this delivered directly to your inbox via our free Property Newsletter.

The man accused of secretly filming young women in Christchurch through the windows of their homes has pleaded not guilty to all charges against him and will stand trial before a jury. The investigation began after police received complaints from several young women about incidents in 2023 and this year. “It matched the behaviour described in a news article from the previous month where young women recounted seeing a man filming through their windows. “We would like to thank the young women who shared their story – they have been instrumental in helping us identify other victims,” said Jellyman. “The young women involved have shown incredible bravery, which has allowed police to lay these charges.

Today the coalition government has announced that a select committee inquiry into banking competition will be led by the Finance and Expenditure Select Committee. New Zealand First campaigned to take on foreign owned banks, and we committed to that in our coalition agreement by ensuring the inquiry has a broad

It has been claimed Barcelona could benefit by more than $2 billion from Emirates Team New Zealand taking its defence of the America’s Cup to Spain. Paul Lewis is a veteran sports journalist who has written four books and covered Rugby World Cups, America’s Cups, Olympic & Commonwealth Games and more. OPINIONYou’ll excuse me if I belly laugh at the news that Barcelona will benefit to the tune of more than $2 billion from the upcoming America’s Cup. So it goes – football and rugby World Cups, Olympics and America’s Cups all make a great deal less than claimed; nearly all lose money. The consultants said the previous World Cup had been watched by more than 4 billion people in 238 countries.

The incident occurred at Napier Grove in Waikanae, north of Wellington. Photo / GoogleThe incident occurred at Napier Grove in Waikanae, north of Wellington. The suspected stabbing occurred at Napier Grove in Waikanae Beach, north of Wellington. “Really sad to hear of the tragic loss of life at Waikanae Beach this afternoon. Police responding to an incident at Napier Grove in Waikanae Beach.

He has only ever seen them in person a handful of time, so it’s no surprise King Charles is expressing his unhappiness with only seeing his grandkids, Archie and Lilibet, over video calls. “The king wants to make up for lost time,” a source dishes, referring to the rift between Harry and his American wife, Meghan Markle, and the royal family. READ MORE | King Charles back in action: Royal recovery sparks cautious optimism“That is why he will never break ties with Harry. READ MORE | Patient, kind and indulgent - the bond King Charles shares with his grandchildrenThings haven't improved much despite the shocking double blow of Charles’ cancer diagnosis in January, followed by Kate, Princess of Wales’ in March. “It was apparently a very sweet moment,” a source told the Daily Mail.

Ten-month-old Mustafa Maheir Mukzameel Ali was taken unconscious to Te Kūiti Hospital on Saturday afternoon and died soon after. Landlord Moshif Hussein told Newshub the 22-year-old father was a tenant in the Meads St home with his young Samoan wife, his older relative and another friend. Baby Mustafa was such a cute little boy, it's so very sad," Hussein said. When baby Mustafa was born, we had a big celebration, they seemed a loving young family," he told Newshub. He said the Islamic community was eager to respect that baby Mustafa was of two cultures and that would be reflected in his funeral.

In typical Apple style, the WWDC presentation of the tech, named Apple Intelligence, boldly co-opting the AI acronym, was super slick. very happy to be partnering with apple to integrate chatgpt into their devices later this year! With Compose, users can also access ChatGPT image tools to generate images in a wide variety of styles to complement what they are writing. Privacy protections are built in for users who access ChatGPT — their IP addresses are obscured, and OpenAI won’t store requests. Due to pressure from European Union regulators, Apple has had to introduce interoperability with the Rich Communications Services (RCS) standard.

Taking the emotion out of the occasion and focusing on what has served them well through the DHL Super Rugby Pacific season will be the key for the Blues in Friday's semifinal against the Brumbies at Eden Park. Centre Rieko Ioane said the Blues had covered the short turnaround they faced and had reset quickly. Losing captain and lock Patrick Tuipulotu was disappointing because he had been on fire all season and in career-best form. 🙌 pic.twitter.com/PXeht1zoc6 — Super Rugby Pacific (@SuperRugby) June 10, 2024Ioane said he felt good after a frustrating season with injuries and concussions and wanted to repay the coaches' confidence. "Performance is king for us on game day.

"We know what's coming, but we also know, more importantly, what we're going to bring. It's more the experience of playing away from home and in front of that crowd." After their regular-season loss to the Blues, they were aware of the pressure they felt at scrums in that game. The boys know that that's an area of improvement for us." "They've [the Blues] have been the benchmark team physically, and they impose themselves on every game they play.