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News
Is AI going to take over the world? I ask an AI robot at Malaysia's AI museum
5+ hour, 14+ min ago (708+ words) Last week, concern exploded across the world over the the speed of AI advancement and its potentially detrimental impact on humanity. This came after a former Anthropic employee Jacob Coxon let loose on X, accusing Open AI and Anthropic of…...
Strong annual rise in net population gain from migration in July year
9+ hour, 46+ min ago (270+ words) Population growth from migration more than doubled in the 12 months to July compared to the previous July year. The latest figures from Statistics NZ show a net population gain, being long-term arrivals minus long-term departures, of 20,350 people in the year…...
Taxing questions amidst the political silly season
11+ hour, 10+ min ago (597+ words) This is a re-post of an article originally published on pundit.co.nz. It is here with permission. More recently, when National announced it would extend cervical screening to women aged 24 to 69 if re-elected (Labour pledged a similar policy in…...
Uncertain outlook shades high farmer confidence
14+ hour, 1+ min ago (832+ words) Content supplied by Federated Farmers Profitability is the highest it’s been in a decade, but farmers are worried about whether the good times will hold. Federated Farmers’ latest Confidence Survey shows 72% of farmers are making a profit, with fewer than…...
Labour promises compulsory employer KiwiSaver contributions, rising to 6%
1+ day, 6+ hour ago (537+ words) Labour wants to make employer contributions to KiwiSaver compulsory, rising to 6%, extend employer contributions to workers over 65, make the default employee contribution rate at 4%, as well as removing the minimum contribution rate. Labour leader Chris Hipkins is also promising to…...
China's external surplus makes a "Mandarin Accord" inevitable
1+ day, 8+ hour ago (446+ words) The reason can be found in China’s trade data for August, which shows a whopping 25% year-on-year rise in exports, up from the 23.9% increase recorded in July. Despite similarly strong import growth (from a smaller base), China has delivered another huge…...
Is Auckland's 'peculiar form of civic hesitancy' changing?
4+ day, 11+ hour ago (805+ words) By Tom Baker & Salene Schloffel-Armstrong After nearly a decade and with a budget of NZ$5.493 billion, expectations for Auckland’s City Rail Link are high ahead of its September 13 opening. The twin 3.45-kilometre tunnels, which will expand the central city’s public…...
Breakfast briefing: Central banks realise they have to get more serious in the inflation fight
5+ day, 14+ hour ago (568+ words) Here's our summary of key economic events overnight that affect New Zealand, with news inflation is high and rising around the world and central banks are confronting a change in priorities to get it under control. Their slow action is…...
Labour pledges to fix ‘broken’ ETS, reaffirms commitment to Paris Agreement
6+ day, 11+ hour ago (718+ words) Labour says fixing the “broken” Emissions Trading Scheme (ETS) will be an urgent priority if it's elected to Government in November's election. On Tuesday morning, the party reaffirmed its commitment to the Paris Agreement and announced it would urgently review…...
Whipsaw US trade policy is depressing foreign direct investment
1+ week, 9+ hour ago (809+ words) Interest.co.nz Jonathan Ostry shares new research showing that unpredictability reduces foreign direct investment more than three times as much as tariffs do When US President Donald Trump warned business leaders in Davos last year that tariffs were coming,…...