Reserve Bank of New Zealand cuts cash rate by 25 basis points – CNBC

A security guard stands at the main entrance of the Reserve Bank of New Zealand in downtown Wellington, New Zealand on July 3, 2017. David Gray | Reuters The Reserve Bank of New Zealand cut its benchmark interest rate by 25 basis points to 5.25% on Wednesday. The move surprised economists polled by Reuters, who […]

Papua separatists kill helicopter pilot from New Zealand, say police | Indonesia

Separatist rebels in Indonesia’s easternmost province of Papua have killed a New Zealand helicopter pilot but four passengers on board were uninjured, police said. Glenn Malcolm Koning, a pilot for Indonesian airline PT Intan Angkasa Air Services, was shot dead, said Faisal Ramadani, a national police official and head of Papua’s Joint Security and Peace […]

Air New Zealand Abandons Promises to Cut Carbon Emissions by 2030

It’s too hard and too expensive: That’s why Air New Zealand has abandoned its goal of reducing its carbon emissions by 2030. The airline said on Tuesday that a variety of challenges contributed to the decision. Delayed deliveries of more fuel-efficient aircraft and low prices for alternative jet fuel were the two main factors behind […]

‘Dangerous’ and ‘retrograde’: Māori leaders sound alarm over policy shifts in New Zealand | New Zealand

and othersMāori leaders across New Zealand have raised the alarm about government changes to policies that affect Māori after a Guardian analysis highlighted the far-reaching scope of the proposals. The policy changes proposed by the right-wing coalition have been described by experts as “frightening” and “dangerous”, creating a “serious rift” between Māori and the Crown, […]

Major global IT network outage affecting banking services, flights, television, supermarkets – New Zealand Herald

A global IT outage is causing chaos tonight, halting banking services, disrupting flights, preventing supermarket shopping and causing chaos for public transport users. There were reports of disruptions to parts of the national bank payment system this evening, as well as global network outages for television and Microsoft services. The Federal Aviation Administration grounded flights […]