New Zealand’s ruling party plans higher tax for top income earners

WELLINGTON, Sept 9 (Reuters) – Jacinda Ardern’s ruling Labour Party plans a new higher tax rate of 39% for people earning over NZ$180,000 ($118,908) and promised no further tax hikes next term if it is re-elected in the Oct. 17 poll, the party said on Wednesday.

FOREX-Dollar hangs on as traders turn to ECB; Brexit wobbles hit sterling

SINGAPORE, Sept 8 (Reuters) – The dollar held on to small overnight gains on Tuesday as investors weighed whether an accommodative turn from the European Central Bank later this week could hit the euro, while the pound nursed losses due to Brexit uncertainty.

FOREX-Dollar bides time ahead of ECB, Brexit woes hit sterling

“The key question for markets is whether the remarks are still mostly brinkmanship as negotiations near the finish line,” said NAB economics director Tapas Strickland. “The mild market reaction suggests markets think so and still sniff a deal.”

FOREX-Dollar and yen rise as tech selloff sends investors to safety

The pound, which fell 1.5% against the dollar overnight, edged lower to a six-week trough of $1.2962 in Asia and has lost nearly 4% in a little over a week. It also hit a six-week low against the euro, of 90.57 pence and has fallen 2.6% to 137.38 yen in three sessions. The tech selloff, […]

FOREX-Dollar steadies after U.S. jobs report, focus shifts to ECB meeting

The U.S. Labour Department report on Friday showed that U.S. employment growth slowed and permanent job losses increased as government funding started running out, raising doubts on the sustainability of the economy’s recovery. Still, the jobless rate fell to 8.4% from 10.2% in July.

New Zealand’s trillion-dollar wealth gap: Who are we leaving behind?

“In some ways it’s helped to democratise lending because the cost of credit is as low as it’s ever been and we’ve got the potential for that to continue a little bit further over the next year or two, to the extent that interest rates keep on falling.”

New Zealand Film Commission says Kiwi tax dollars didn’t fund Mulan’s Communist Chinese connections

“Dear Disney,” he wrote. “At the United Nations I’m trying to sound the alarm on China’s destruction of its Uyghur Muslims. Now your film Mulan pays tribute to the very entities involved in herding 1 million Uyghurs into camps … Do you think the camps are Disneyland?”

Top New Zealand softball umpire on Olympic Games alert after winning major award

The Black Sox’s semifinal exit in Prague in 2019 had a silver lining for their umpiring compatriot. After calling the balls and strikes in Argentina’s semifinal win over Canada, Porteous got the nod at first base for the final, where the South Americans won their first world title, over Japan, who had beaten the Black […]

10 years since the Darfield earthquake rocked New Zealand: what have we learned?

Together with advances in engineering and other disciplines, this work shifts the narrative away from predicting the exact times and locations of earthquakes, which may never be possible, towards reducing the risks and enhancing our resilience to future events.

There are just no young people: New Zealand clothing manufacturers sound alarm

While New Zealand will never be able to make a lot of things, like cars, cost effectively, there is an opportunity in specific industries and for some consumers who are willing to pay a slightly higher price for quality and control over the standards of production, Lang says.