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Kiwibank economists are warning that the Reserve Bank may now begin raising interest rates far sooner than previously expected, despite signs of weakening demand and slowing economic growth across New Zealand. By elocal · The latest Kiwibank analysis follows the Reserve Bank’s decision to hold the Official Cash Rate at 2.25%, although the Monetary Policy Committee was reportedly split 3-3 on whether rates should rise immediately. · According…

A newly published scientific study has revealed that an active faultline running through South Auckland could potentially generate an earthquake measuring up to magnitude 6.8, raising fresh questions around Auckland’s long-term seismic risk and urban expansion planning. !Magnitude 6.8 Earthquake Possible On Auckland Faultline, New Study Warns · Mangatangi Fault near the Hunua Ranges in South Auckland. Photo: Supplied · By elocal source RNZ ·…

Senior figures within Germany’s Christian Democratic Union (CDU) are allegedly discussing the possible ousting of Chancellor Friedrich Merz due to his record-low approval ratings, according to German media reports. According to Bild, talks about potentially “swapping” Merz for another chancellor are reportedly taking place within the party’s top ranks, including among regional leaders such as Hendrik Wust of North Rhine-Westphalia, Boris Rhein…

Turkish President Recep Tayyip Erdogan has slammed Israeli Prime Minister Benjamin Netanyahu over the destruction of Gaza, warning that Muslims may soon teach him a “lesson.” Erdogan made the remarks during Eid al-Adha celebrations in his hometown of Rize, where he called for Muslim unity and putting pressure on Israel. · “What is happening in Palestine, in Gaza, gives us a special stance, a special vigil this Eid. God willing, this tyrant…

The US Department of Energy has selected a number of private companies as potential recipients of weapons-grade plutonium, including one where Energy Secretary Chris Wright served on the board before joining the administration of President Donald Trump. The US government holds roughly 50 metric tons of fissile material recovered from dismantled nuclear weapons at highly secure sites. The Trump administration said last year that it intended to…

Moscow’s UN envoy calls Kiev’s deadly strike on a college in the Lugansk Republic an act of vengeance against former citizens who chose to join Russia rather than Ukraine. · Brussels and several European nations summon Russia's envoys over Moscow’s recent warning of major retaliatory strikes on Kiev. We'll speak live to Russia's permanent representative to the OSCE on that. And the EU's top diplomat claims the bloc has always championed peace…

After several weeks of irregular movements and tighter scheduling windows, the latest shipping activity is starting to resemble a more stable and normal fuel distribution pattern around New Zealand. What stands out in this latest update is the clear reappearance of two separate but co-joined distribution routes moving product around the country. That is generally how a healthy import-based fuel network should operate. · The northern route…

A growing online discussion is once again reviving theories surrounding cyclical global catastrophes, ancient civilization collapses and what some researchers believe may be recurring planetary reset events tied to cosmic or geological cycles. By INR International Desk · The discussion, presented by Greg Reese, pulls together decades of alternative research, historical speculation and fringe scientific theories that claim humanity may…

Fuel prices have rapidly climbed into one of the biggest political and economic concerns facing New Zealanders, according to a new Ipsos Issues Monitor survey that paints an increasingly uneasy picture of household confidence heading into the next election cycle. By elocal Political Desk · Fuel prices have rapidly climbed into one of the biggest political and economic concerns facing New Zealanders, according to a new Ipsos Issues Monitor…

As New Zealand enters the colder months of the year, more than a million Kiwis have begun receiving their government-funded top-ups to help pay the power bill. Since it was introduced in 2018, the Winter Energy Payment has helped pensioners, beneficiaries and others on fixed incomes cover heating costs. It has also seen debate about who should receive it and whether it should be more tightly targeted. · Student associations have proposed…