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Kia ora,Welcome to Tuesday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news that while financial markets are quiet due to the US Labor Day holiday, the data being reported in the rest of the world is actually very encouraging, especially for the factory sectors.In China, the private Caixin PMI has a new sponsor - RatingDog. It is still produced by S&P Global. That August factory PMI showed manufacturing output returned to growth in August. Total new business expanded at quickest pace since March. But it also reported the fastest rise in average input prices in nine months. As has become the norm in 2025, this private PMI series is more bullish than the official PMI.While we are noting improved factory PMIs in Australia and China, we should also note that they improved in Japan, Korea, Taiwan and Indonesia as well. The Trump tariff-taxes aren't killing these countries. In fact, because it is the American importers who are paying these taxes (and ultimately the American consumer), the whole tariff journey just shows the American's are prepared to pay a lot more for what they import, and demand isn't flagging. Yet, anyway.Of special note is the regaining of momentum in India where their factory PMI turned notably higher on new orders and new-found momentum. This is now their fastest improvement in operating conditions in seventeen and a half years, with production growth accelerating to a nearly five-year high, supported by strong demand and better alignment of supply with orders. New orders rose at the fastest pace in nearly five years, and given they have been strong in the lead-up, this is really saying something.Even European factories are on the move up, returning to expansion with the sharpest rise in factory output since March 2022. Their factory PMI is now at its highest in 41 months.Australia's factory sector expansion accelerated again in August. Higher new order levels, supported by a rise in exports, led to a solid rise in production. Confidence rose to its highest level since February 2022. The survey showed that manufacturers hired more staff and raised their purchasing and inventory levels. Meanwhile price pressures remained little problem.And staying in Australia, their residential building consents fell -8.2% in July from June, almost double the market expectations of a -4.8% fall. This sharply ate into the upwardly revised +12.2% increase in June. The decline was largely due to a sharp fall in approvals for dwellings that weren't houses (apartments and townhouses). By state, approvals fell sharpest in New South Wales (-25%), while rising in Tasmania (+12%), Western Australia (+12%), in Queensland (+5.9%).Lower new homebuilding is juicing up their existing-home real estate markets. Cotality reported strong August gains from July, up +0.7% for the month nationally. It's back as a strong sellers market. The rises in Brisbane and Perth are notable, but the gains in Adelaide and Sydney were not far behind them in August. The consequences for affordability for most aspiring buyers look awful.We should probably also note that the forecast for Australia's wheat crop was raised sharply in an overnight update. Good rains recently is behind the revision.The UST 10yr yield is now at 4.25%, up +2 bps from yesterday at this time. The key 2-10 yield curve is up at +62 bps. The last time it was this steep was in February 2022. Long dated yields are on the move higher. The UST 30 year yield is actually closing in on 2007 levels. The price of gold will start today at US$3,477/oz, up +US$30 from yesterday and a new record high. Silver topped US$40/oz for the first time since 2011, also near a record high.American oil prices are +50 USc firmer at just over US$64.50/bbl with the international Brent price holding just over US$68/bbl.The Kiwi dollar is at just on 59 USc and unchanged from yesterday. Against the Aussie we are down -10 bps 90 AUc. Against the euro we are down -10 bps as well at 50.4 euro cents. That all means our TWI-5 starts today at just over 66.4, down -10 bps from yesterday.The bitcoin price starts today at US$108,918 and little-changed (down -0.1%) from this time yesterday. Volatility over the past 24 hours has been modest at just under +/- 1.2%.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.
Let's go to the beach, beach, let's go get away with Bette Midler and Barbara Hershey! Next on our Tissue Box Office list is a classic platonic weepie that somehow has little to no cultural footprint in Aotearoa New Zealand. A privileged rich debutante and a cynical struggling entertainer share a turbulent, but strong childhood friendship over the years. (Sourced from Letterboxd). But before we dive into the beachy waves, we unpack the 2025 NZ International Film Festival in a bumper Pop Corner. Hear our thoughts on Sirât, The Mastermind, Resurrection, Sorry, Baby, A Useful Ghost, Dreams (Sex Love), Blue Moon, The Texas Chain Saw Massacre, The Weed Eaters, Twinless, Little Trouble Girls, Sentimental Value and The Shrouds. Also, hear Matt and Jamie almost come to blows over Freakier Friday, and witness Matt's incessant bullying of The Life of Chuck.
An open letter signed by over 20 AI experts has been sent to the government, expressing the urgent need for AI regulation in Aotearoa New Zealand. The letter points to low trust, as well as potential harms of AI, as serious issues that need to be addressed. The experts have called for regulations and guardrails to support regulatory confidence and innovation, and reduce harm from deepfakes, fraud, and environmental costs, among others. Producer Alex spoke to The University of Canterbury's Dr Cassandra Mudgway about how unregulated AI enables gendered harm against women and vulnerable demographics through Deepfakes and other AI. Content Warning: This story mentions Image Based Sexual Abuse.
Kia ora,Welcome to Monday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news there was an unexpected turn in the US tariff situation late last week.In a dramatic ruling, most of Trump's global tariffs were declared illegal by a US appeals court that found he exceeded his authority in imposing them. He will almost certainly appeal to his Supreme Court.Then, over the weekend we got the official Chinese PMIs for August and they extended the sluggish environment their manufacturing sector finds itself in. Despite the 90 'extension' before punitive tariffs kick in with the US, orders contracted for a fifth consecutive month. On the services side however, they maintained their small expansion in August, albeit marginally better.But early data suggests their housing slump is not ending, maybe even getting worse. Sale volumes in August are likely to be more than -17% lower than a year ago.Although it is a shortened week in the US, it ends with the August jobs data. Markets expect another weak result (just +78,000). You will recall the weak data last month saw Trump fire the agency head who compiled it. So there will be special attention this time on its believability under the BLS agency's deputy. Before that we will get lead-up jobs data, the ISM PMIs for the US.Canada will also release labour market data. The EU inflation data, and others will release GDP data for Q2-2025, including from Australia on Wednesday.At the end of last week, July data out in the US shows that disposable personal income was up +2.0% from a year ago, personal consumption expenditure was up +2.1% on the same basis. On a month-on-month basis, the income was up +0.4% and expenditure up +0.5%. These elements are not major but they do indicate a tightening in household financial budgets.Nested deep within this release was that core PCE index rose 2.9% year-on-year in July, its largest rise since February and above the Fed's target and comfort zone. Tariff costs are getting the blame. Financial markets noticed.And that is the same sort of tightening indicated by the widely-watched University of Michigan sentiment survey. Its final August version fell back markedly from its initial readings, a clear indication households are finding it tougher. It is now -14% lower than a year ago. The Biden boom is now just a memory.On the factory floor, the latest indicators are shifting down too. The August Chicago PMI headed south quite sharply to be -10% below year-ago levels.And the US seems to be losing the tariff war it started - and Americans are paying the tariff-taxes. The latest trade data for July shows that the US merchandise trade deficit jumped to -US$104 billion in the month, exactly the same as July a year ago, and far above expectations of -US$90 bln deficit. It is their largest in four months. Imports jumped +7.1% from a month earlier, led by industrial supplies, capital goods, food, and consumer goods. Meanwhile, exports slipped -0.1%.Certainly, American farmers are not happy. And they have a President who probably doesn't even know where Pakistan is, let alone most other simple facts.In Canada, they got a sharp dose of shock in their Q2-2025 GDP result from the sharp turn on them from their southern neighbour. Their GDP fell -0.4% in the quarter and cancelling out the +0.5% gain in their first quarter. Year-on-year their GDP is still up +0.9% however.Across the Pacific the economic data is generally much more positive. South Korea's retail sales surged +2.5% in July from June, a big jump from a revised +0.7% increase in June and marking the fastest growth in over two years. From a year ago it is up +2.4% and that too is the most since January 2022.South Korean industrial production grew solidly in July as well, up +5.0% from a year ago.After a good gain in June, Japan's industrial production fell -1.6% in July, reversing a +2.1% June gain and much more than the -1.0% decline anticipated.Japanese retail sales only rose by +0.3% in July from a year ago, slowing sharply from a downwardly revised +1.9% gain in June and falling well short of market expectations for a +1.8% increase.But Japanese consumer confidence actually rose in August to its best level of the year with gains across all surveyed questions.We should also note that protests in Jakarta on Friday that turned deadly have put Indonesia on edge. They have spread over the weekend. Canberra will be watching nervously.In Europe, the ECB's survey found that consumer inflation expectations were stable ("well anchored") in July at 2.6% for the year ahead.Globally, air passenger demand was up +4.0% in July, driven by the Asia/Pacific +5.7% rise and held back by the North American +1.9% rise. Most of this is due to international travel. Meanwhile, air cargo traffic was even stronger in July, up +5.5% from a year ago, up +6.0% for international trade. Asia/Pacific was the strongest region here too, up +11.0% for international cargoes. But North American international cargo volumes only rose +1.5%, the weakest global region.The UST 10yr yield is now at 4.23%, unchanged from Saturday, but down -3 bps from a week ago. The price of gold will start today at US$3,447/oz, up another +US$5 from Saturday, and close to a new record high, but basically a measure of the USD markdown. A week ago it was at US$3,371/oz so a net +US$76 gainAmerican oil prices are again little-changed at US$64/bbl with the international Brent price holding just under US$67.50/bbl.The Kiwi dollar is at just under 59 USc and unchanged from Saturday at this time, up +30 bps for the week. Against the Aussie we are holding at 90.1 AUc. Against the euro we are unchanged as well at 50.5 euro cents. That all means our TWI-5 starts today at just under 66.5, and unchanged from Saturday, up +20 bps for the week.The bitcoin price starts today at US$109,022 and up +0.5% from this time Saturday. But is down -6.7% for the week. Volatility over the past 24 hours has been low at just on +/- 0.5%.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.
An interview with Dr. Ben Taylor, a seasoned scientist, engineer, and project manager with over 15 years of experience delivering full-lifecycle space missions across the UK, Europe, and now Aotearoa New Zealand.Ben is currently a Senior Research Fellow at Te Pūnaha Ātea – Space Institute at the University of Auckland, and Co-Founder of Frond Space Systems, a startup offering compact and reliable end-of-life and deployable satellite systems.Previously, Ben held leadership roles at the Surrey Space Centre and University College London, where he helped design, build, test, and operate CubeSats like ALSat-Nano, InflateSail, and RemoveDebris — missions that pushed the boundaries of small satellite technology and active debris removal. He's also contributed to radiation detection research and calibration for the Galileo program, and has delivered presentations at major international space conferences.Ben holds a PhD in Space Science from the University of Surrey, is a certified project management professional, and has been interviewed by major media outlets on cutting-edge space topics.Hosts: SpaceBase Founder Emeline Paat-DahlstromResourcesAuckland Programme for Space Systems - University of AucklandUniversity Nanosat Program - US Air ForceSupport the show
Kia ora,Welcome to Friday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news markets have brushed off the Nvidia result and chosen to extend their risk appetite. The S&P500 is at another new record high. But bond markets aren't so sure this is justified.In the real world, US initial jobless claims were little-changed last week from the prior week, both in actual terms and from what seasonal factors would have suggested. There are now 1,945,000 people on these benefits, +101,500 more than at the same time last year.The American GDP Q2-2025 GDP was revised slightly higher in its second estimate than the first mainly due to a slightly smaller decline in investment.Pending home sales fell -0.4% in July from June, extending the -0.8% drop in the prior month to mark the first back-to-back contraction since January. They were down -0.7% from a year ago as the American housing market seems in a long-term slow decline having never really recovering from the pandemic period.The Kansas City Fed factory survey was stable overall but that was despite a fall in export orders and elevated cost pressures. survey. There was a modest rise in August from July, but most metrics are still lower than a year ago.Earlier today there was a much less supported US Treasury seven year bond auction (-11% less bid value) but the median yield fell to 3.87% from 4.06% at the prior equivalent event a month ago.In Canada they reported that average weekly earnings were up +3.7% to C$1,302 in June, following a +3.3% increase in May.In India, industrial production rose in July and the pace picked up by more than expected. The expansion was +3.5% when +2.1% was anticipated, and more than double the pace of June's +1.5%.In Europe, despite their inflation pressures being modest and on target, settling it at 2.0%, the overnight release of the ECB minutes revealed a split among policy makers on how to assess future risk. They left their policy rate unchanged despite some thinking rates need to go lower to support growth and counter US tariffs, while others thinking the risk of future inflation is rising. Despite that split review, in the end the decision to hold rates unchanged was unanimous.Global container shipping freight rates fell -6% last week from the week before to be -60% lower than year-ago levels, although that year-ago base reflected unusual stress in the Red Sea shipping lanes. Once again, the recent falls are all to do with outbound trade from China. Interestingly, Chinese shippers are now targeting Australia and New Zealand, along with the Middle East because of the higher rates they can get in these alternative trades. Bulk cargo rates are little changed week-on-week but are up nearly +20% from a year ago.The UST 10yr yield is now at 4.21%, down -3 bps from yesterday at this time.The price of gold will start today at US$3,415/oz, up +US$20 from yesterday.American oil prices are little-changed at US$64/bbl with the international Brent price is still just under US$68/bbl.The Kiwi dollar is at just on 58.9 USc and up +30 bps from yesterday at this time. Against the Aussie we are up +10 bps at 90.1 AUc. Against the euro we are unchanged at 50.4 euro cents. That all means our TWI-5 starts today at just on 66.4, and up a net +10 bps from yesterday.The bitcoin price starts today at US$112,596 and up +0.2% from this time yesterday. Volatility over the past 24 hours has been modest at just under +/- 1.1%.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again on Monday.
Kia ora,Welcome to Thursday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news we need to brace for an end to the US Fed's independence. It may not be at risk right now, but the signs aren't promising. And politicians everywhere will seize on the mood to pull that level, to ease their own policies that don't deliver. The juice of monetary stimulus is just too enticing, the risks be damned.First in the US, investors are expecting Nvidia's earnings to be reported after the NYSE closing at 8am NZT, seen as a key test for the AI boom driving markets. The S&P 500 and Nasdaq are marginally higher in advance of that, while Nvidia shares are little-changed. But the derivatives market in the stock is set for a -6% swing and if that happens, that will be a -NZ$500 bln fall - probably the biggest movement of any economic metric today anywhere in the world. We will know soon enough.Some think we should also watch the share price in Costco and Walmart. They both have lofty valuations that raise the risk of serious correction. These three are all enormous companies - Nvidia has a market cap of an eye-watering US$4.4 tln, Costco US$420 bln, and Walmart is US$770 bln. In each case that is way more than New Zealand's GDP. Walmart plus Costco is approaching Australia's GDP.Staying in the US there was little data out overnight. The volume of mortgage applications softened by -0.5% last week from the previous week, extending the -1.4% trim from the prior month. Applications to refinance an existing mortgage fell by -3.5% offsetting the +2.2% increase in applications for a mortgage to buy a new home.Separately, American officials are decrying the intelligence efforts by the Chinese Ministry of State Security and their 'Salt Typhoon' operation. But they have been caught running covert operations in Greenland. The Dames are unimpressed. Trump's America is no-one's friend. Even at home, his militarisation of local policing, grabbing shares in companies without paying, are worrying developments. His efforts to subvert the Fed are just part of an effective quiet rolling coup with a much broader agenda. These are stand-over tactics that will undermine the US reputation for generations.In Taiwan, their industry may be going at full tilt, but consumer sentiment is actually weakening. An August survey there shows it at its weakest level since April 2023, as five of six key indicators deteriorated.Chinese industrial profits fell again in July, down -1.7% from a year ago in July. They fell -7.5% for SOE's but were up +1.8% for private businesses.Yesterday, there was a big surprise in data released today in Australia on inflation. Their monthly indicator had fallen consistently to 1.9% in June. The RBA was relieved. But the July level came in at 2.8%, an unexpectedly large jump. There will be head-scratching. Higher electricity prices (+13.1%) are getting the blame.The UST 10yr yield is now at 4.24%, down -1 bp from yesterday at this time. Long bond yields, especially the 30 year, are rising more quickly now. The price of gold will start today at US$3,395/oz, up +US$14 from yesterday.American oil prices have risen +50 USc to US$64/bbl with the international Brent price now just under US$68/bbl.The Kiwi dollar is at just on 58.6 USc and little-changed from yesterday at this time. Against the Aussie we are down -30 bps at 90.3 AUc. Against the euro we are up +10 bps at 50.4 euro cents. That all means our TWI-5 starts today at just under 66.3, and little-changed from yesterday.The bitcoin price starts today at US$112,400 and up +2.4% from this time yesterday. Volatility over the past 24 hours has been modest at just on +/- 1.2%.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.
Kia ora,Welcome to Wednesday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news of mixed and confusing economic signals from the world's largest economy where scoring own-goals is becoming an embedded feature of their economic management.But first, there was an overnight Pulse dairy auction for both SMP and WMP and that delivered lower prices with the SMP price dropping -2.0% from the prior week's full dairy auction, and the WMP price down -1.1%In the US, financial markets are quite hesitant because Trump is attempting to fire a non-loyal Fed governor for made-up 'integrity' reasons (pot-kettle-black). Because she in Black, and a woman, Trump's vengeance is particularly pointed.in this case and contrasts starkly with how he treats Powell (which is also personal and isn't good either.) She hasn't been charged with anything let alone convicted, and legal action over the Presidential 'letter' will now follow. She is resisting the bullying. The USD slipped and long dated UST bonds posted losses as market unease spread.Overnight releases of American economic data was quite mixed. First, durable goods orders fell in July from June, down -2.8% and on top of the -9.4% fall in the June result. That takes the year-on-year July result to just a +3.5% rise, about what current inflation can account for. Non-defense, non-aircraft capital goods orders rose a little more than that, up +4.5% from a year ago, so that was positive. But they fell -8.0% in July from June.The Richmond Fed factory survey in the mid-Atlantic states remained negative in August, although not as much as the outsized July retreat. Factories in this region have been doing it tough since March 2025. Cost inflation is hitting them hard as a result of having to pay the tariff taxes. The average growth rate of prices paid increased notably, while growth in prices received was nearly unchanged in August.Yesterday we noted the negative Dallas Fed factory survey for Texas. Today the services survey for the same region was released and it reported a better expansion. But they reported the improvement as 'slight'.There was also only a slight change in consumer sentiment reported by the Conference Board for August. Rising worries about jobs and income were offset by more optimistic views of current and future business conditions, they said. Overall, consumer confidence dipped slightly in August but remained at a level similar to those of the past three months. Tariff-taxes are a key reason there is no improvement in this survey. Consumers' average 12-month inflation expectations picked up after three consecutive months of easing and reached 6.2% in August, up from 5.7% in July.Once rare seven-year car loans are fast becoming the norm in the US. They're often the only way buyers can afford new vehicles, with the average vehicle sale prices surging +28% in five years to approach NZ$85,000. And tariffs will make than much worse. Bloomberg is reporting that in Q2-2025, seven-year vehicle loans represented 21% of all new-vehicle financing. Six-year loans, at one time considered the upper end of the range, are now the most common, accounting for 36%. Some buyers are even now going for eight-year loans.There was a large and well supported two year US Treasury bond auction overnight, resulting in a median yield of 3.60%, down from 3.87% at the prior equivalent event a month ago.North of the border, Canada released some business activity data for July, and both metrics rose and by more than expected. Their wholesale trade was up +1.3% from +0.7% in June, driven by stronger vehicle sales. They manufacturing sales rose +1.8% in July, an improvement from +0.3% in June. Transportation equipment, and the energy sector, provided the key boosts.Across the Pacific in South Korea, you may recall the huge jump in consumer sentiment in July after the peaceful resolution of the attempted executive coup there earlier in the year. The rule of law won. In August, that confidence level dropped sharply as things returned to normal. But to be fair is is still far higher than at any time in the past ten years - despite their ugly treatment by the Trump Administration.In Australia, Australia Post has temporarily partially suspended postal services to the US. All such deliveries now require full customs duties and declarations making the trade impractical for small value items and substantial jeopardy for the shipper. The disruption to such courier services is spreading to most Asian countries now.The UST 10yr yield is now at 4.25%, down -3 bps from yesterday at this time. The price of gold will start today at US$3,381/oz, up +US$10 from yesterday.American oil prices have fallen -US$1.50 to US$63.50/bbl with the international Brent price now just under US$67.50/bbl.The Kiwi dollar is at just on 58.6 USc and little-changed from yesterday at this time. Against the Aussie we are up +10 bps at 90.3 AUc. Against the euro we are unchanged at 50.3 euro cents. That all means our TWI-5 starts today at just on 66.3, and also little-changed from yesterday.The bitcoin price starts today at US$109,747 and down another -2.4% from this time yesterday. Volatility over the past 24 hours has been modest at just on +/- 1.5%.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.
The Tāmaki Untold series celebrates the taonga, stories and creativity of Auckland. In this episode listen in to the conversation held at Nga Pātaka Kōrero o Tāmaki Makaurau Auckland Central Library on Otherhood: Conversation about being childless, childfree and child-adjacent with guest writers Lil O'Brien and Paula Morris. Facilitated by librarian reading engagement specialist Alison Fitzpatrick. Otherhood was published in 2024 and is available for loan on the libraries catalogue: discover.aucklandlibraries.govt.nz "In Aotearoa the number of people who will never have children is growing - and they're pushing back against the narrative that if they don't, their lives will be somehow 'less than'. Otherhood's essays are by writers who've felt on the outside looking in, who've lived unexpected lives, and who've given the finger to social expectations. Some chose to be childfree, some didn't get to choose, and some - through bereavement or blended family dynamics - ask themselves: Am I a mother or am I other? Thought-provoking, moving and often hilarious, Otherhood opens a more inclusive conversation about what makes a fulfilling life."--Publisher's website. Profile of speakers: Lil O'Brien contributed to and co-edited Otherhood. They are the author of beloved Kiwi coming-out memoir Not That I'd Kiss a Girl, published in 2020. Lil's writing has been described as “admirably frank.” Even better is her ability to recount what it's like to come to terms, as fully as one can, with one's own place in the world. They are an award-winning copywriter by day, and have been published in The Spinoff, takahē, Ensemble magazine and more. Lil is currently writing the screenplay for Not That I'd Kiss a Girl with South Pacific Pictures. Dr Paula Morris (Ngāti Wai, Ngāti Manuhiri, Ngāti Whātua) is an award-winning novelist, short-story writer, editor and essayist. She is an associate professor at the University of Auckland, where they direct the Master's of creative writing. Paula is the founder of the Academy of NZ Literature, and Wharerangi – the online Māori Literature Hub. She is also editor of the Aotearoa New Zealand Review of Books. She is the editor of the anthologies A Clear Dawn: New Asian Voices from Aotearoa New Zealand (2021, with Alison Wong), and Hiwa: Contemporary Māori Short Stories (2023). Otherhood: Essays on being childless, childfree and child-adjacent. Edited by Alie Benge, Lil O'Brien, and Kathryn Van Beek, published by Massey University Press (August 2024).
Kia ora,Welcome to Tuesday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news that while much of the northern hemisphere is enjoying the last of their summer holidays, Chinese investors have returned in a bullish mood, and in contrast to the now-jaded US equity markets.But first in the US, consumer credit bureau VantageScore is reporting that consumers with the best credit scores (superprime) are showing meaningful signs of credit stress. Among this group late payments have more than doubled in a year. For the group below that ('prime') this metric of delinquency rose almost +50%. (VantageScore is a partnership of Equifax, Experian and TransUnion, and competes with the dominant FICO.)Meanwhile, the widely followed Chicago Fed National Activity Index retreated. This tracking suggested overall American economic growth decreased in July.The Dalla Fed said that in its region factory activity is still expanding but at a slower pace. Although new orders rose (and for the first time in 2025), production activity eased back noticeably. Price and wage pressures rose faster.New house sales in the US stayed at an essentially unchanged pace in July, although marginally softer than in June. Prices dipped, likely because they have a continuing glut of new homes for sale, exceeding nine months' worth at the current sales rate.The latest estimate from the Atlanta Fed's GDPNow live tracking is due tomorrow and is likely to reflect the overall slowdown reported in these other indicators.Across the Pacific, Singapore said it basically doesn't have any inflation. Its July survey came in even lower than was anticipated - even food inflation there is very low.Yesterday, we noticed that the Chinese central bank set its Yuan exchange rate with an outsized shift, now at 7.116 to the USD, a 160 bps strengthening from the prior fix. That makes it its strongest against the greenback since October 2024. It is unclear why this happened because the US dollar index was little-changed in this period. Maybe some of this is related to the recent equities euphoria in the Shanghai stock market - its starting to show the frothy signs that Hong Kong has long displayed.The UST 10yr yield is now at 4.28%, up +2 bps from yesterday at this time. Wall Street has started its week hesitantly, with the S&P500 down -0.3% in Monday trade. Overnight, European markets opened their week mixed with London up +0.1% but Paris down -1.6%. Yesterday Tokyo started its week up +0.4%. Hong King rose a strong +1.9% and Shanghai mirrored that, up +1.5%. Singapore was up a minor +0.1%. That was matched by the ASX200. The NZX50 rose +0.3% in its Monday trade.The price of gold will start today at US$3,371/oz, little-changed (+US$1) from yesterday.American oil prices have risen +US$1 to US$65/bbl with the international Brent price now just under US$69/bbl. And we should also note that China has imported no natural gas from the US since March and no crude oil since June. But the US keeps importing from China, despite the border tariff taxes, which the US importers seem to be paying.The Kiwi dollar is at just on 58.6 USc and down -10 bps from yesterday at this time. Against the Aussie we are down -20 bps at 90.2 AUc. Against the euro we are up +20 bps at 50.3 euro cents. That all means our TWI-5 starts today at just under 66.3, little-changed from yesterday.The bitcoin price starts today at US$112,427 and down -1.7% from this time yesterday. Volatility over the past 24 hours has been modest also at just on +/- 1.7%.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.
Today we welcome Maria Elena, originally from Venezuela, now proud to call Aotearoa New Zealand home. Born in The Garden City near Caracas, Maria's journey has been full of passion, resilience, and reinvention. For decades she dedicated herself to Judo, joining the national team while studying Computer Science at the Central University of Venezuela. Later, she became a lecturer, sharing her love of learning with students for more than 20 years. Today, Maria continues her passion for teaching through her work as a learning designer, and keeps her love of fitness alive with Zumba and group classes.
Kia ora,Welcome to Monday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news Fed boss Powell gave a hint at Jackson Hole that weaker American labour market conditions may trump inflation risks when they next meet in three weeks - and a rate cut is a live possibility.Before that, Thursday NZT, the market darling Nvidia is set to report its results, and any variation from what is expected to be a stellar result, or any slackening of their outlook indications, could very well have ripple impacts on how investors judge their overall current sky-high valuations across the whole equities landscape. It's a huge immediate risk-point.But this coming week, we will be focusing on the New Zealand employment indicators for July to be released later in the week. And later today, the RBNZ will updated it Dashboard to June, so we can see the market winners (and losers) in the banking sector.Across the ditch, all eyes will be on July's monthly CPI data to be released on Wednesday.China will be releasing its August PMIs this week. India will updated its Q2-GDP, and its July industrial production data. And Canada will also have a Q2-GDP update too.But we shouldn't forget that the northern hemisphere has been getting in the last of its summer vacations recently. This is the final week before the US Labor Day national holiday on September 1, 2025, the traditional end of their summer holiday period and when their financial markets build back up to full strength.They will be coming back after digesting the Fed's latest indicators from Powell's Jackson Hole speech. He noted the core US economy has weathered the "sweeping changes in [US] economic policy" well, but now says "the balance of risks appears to be shifting" - to the negative side. Markets have taken this as a hint a rate cut could come as early as their mid September meeting.The US equity markets roared back to post a record high in Friday. The USD fell. Benchmark bond yields retreated.However, in the euphoria of the possibility of a rate cut markets seem to be ignoring this part: "inflation expectations could move up, dragging actual inflation with them. Inflation has been above our target for more than four years and remains a prominent concern for households and businesses". But they are betting on the 'transitory' inflation story again. Inflation embedded for four years, and juiced by tariffs, will be ignored at their peril.Across the border, Canadian retail sales in June were +6.5% higher than a year ago, the best rise since the pandemic recovery period in 2022. But some of this is just higher prices flowing through from their tariff dispute with the US, and a small correction dip is expected in the July data. And the Canadians are not ignoring the inflation risks of tariffs. To keep a lid on these inflationary effects of that dispute, Canada said it will roll back some of its retaliatory tariffs on the US. The US isn't doing the same, so their consumers will still pay the extra on imports.Across the Pacific, China reported more ugly foreign direct investment data over the weekend. While it didn't actually shrink like it did in April and June, it is running -13.4% below year ago levels, and it is still less than half the July ytd levels of 2022 or 2023, and down -7.3% from last year. The June to July gain this year, while welcome, isn't anything more than a statistical blip in the context of the fall away over the last four years.So it is no surprise that Beijing is reorienting to a focus on internal consumption - something they have a chance of still controlling. The international trade environment isn't moving in their favour and even where they do still get gains, they are not enough to move their needle.There was a surprising dip in Japanese inflation in July. It eased to 3.1% from 3.3% in the previous month, the lowest reading since November 2024. Helping was that electricity prices fell for the first time since April 2024. But food prices jumped +7.6%, the most since February. Again, rice was the big culprit.New data out from the Australian statistics bureau shows their R&D investment grew by +18% to AU$24 bln in 2023-24. The strongest growth was in IT including spending on Artificial Intelligence, which grew by +142% since 2021-2022.The UST 10yr yield is now at 4.26%, essentially unchanged from Saturday at this time, down -6 bps for the week.Wall Street roared back in Friday trade with the S&P500 up +1.5% after the Powell hint of a rate cut next month. That means it is able to claim a +0.4% advance for the week which pushed it to a new record high.The price of gold will start today at US$3,370/oz, down -US$1 from Saturday, up +US$36 for the week.American oil prices have held at just under US$64/bbl with the international Brent price now just under US$68/bbl. These levels are more than +US$1 higher than a week agoThe Kiwi dollar is at just on 58.7 USc and unchanged from Saturday at this time. Against the Aussie we also holding at 90.4 AUc. Against the euro we are unchanged too at 50.1 euro cents. That all means our TWI-5 starts today at just under 66.3, little-changed from Saturday but down -60 bps for the week.The bitcoin price starts today at US$114,366 and down -2.2% from this time Saturday. Volatility over the past 24 hours has been very low at just under +/- 0.6%.And finally, in Australia, AML regulator Austrac has directed Binance to appoint an external auditor after identifying serious concerns with the crypto exchange's anti-money laundering and counter terrorism financing controls.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.
How do you take a brilliant scientific idea and turn it into something that makes a real difference in the world? The answer often starts with intellectual property (IP). For decades, Plant & Food Research, part of the Bioeconomy Science Institute, has been protecting and growing the value of its science through IP, helping discoveries move from the lab to industry and society, establishing the organisation as a leader in intellectual asset protection within Aotearoa New Zealand's science sector. In this episode, host and scientist Hilary Ireland chats with recently retired Intellectual Property Manager, Sue Muggleston, about how IP has shaped science at Plant & Food Research. Together, they explore the role of IP in supporting science, the lessons learned along the way, and why strong IP protection will remain essential for future research success. To view our full catalogue of podcasts including extra links on some podcasts please go to our Scigest pages: www.plantandfood.com/scigest
Kawariki is secretly in love with a shark man. Well, he wasn't a shark when she fell in love with him, but her Dad who has magic powers, wants her to marry someone else, so he turns the man she loves into a shark. Eek! Listen to Emmy Bidois tell this Maori tale, from Aotearoa (New Zealand) and see how the power of love, and help from a sea goddess helps solve this problem. Learn more about your ad choices. Visit podcastchoices.com/adchoices
This is the web conference held on August 21st 2025, part of the LEARNZ online field trip. Thanks to the schools that participated. You can visit the online field trip at https://www.learnz.org.nz/Sanctuary253 Sanctuary Mountain Maungatautari (SMM) is the largest predator-fenced eco-sanctuary in the world. It enables visitors to experience a predator-free environment where native fauna and flora flourishes, and provides an insight into a time long past. SMM is home to some of New Zealand's most endangered species, playing a pivotal role in their conservation. It is also home to a thriving kiwi population of about 3,000 birds and performs a major role in boosting other kiwi populations around the country. Each year Sanctuary Mountain Maungatautari undertakes the country's largest kiwi translocation project in partnership with mana whenua and Save the Kiwi. Through its education programme, SMM actively engages students nationwide, offering a tangible glimpse into Aotearoa New Zealand's past and the future vision of a predator-free environment.
Kia ora,Welcome to Friday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news the financial world is waiting for Fed boss Powell's Jackson Hole scene setting speech.In the meantime, US initial jobless claims held steady last week from the prior week at +195,000. But in fact seasonal factors should have produced a good fall. So seasonally adjusted, they are reporting an unexpected rise. The number of people on these benefits held at 1.97 mln when they usually retreat at this time of year. Analysts are flagging concerns about the lack of progress. A year ago they fell to 1.86 mln, so they are +110,000 higher now than then.US existing home sales rose, and by more than expected in July and only the second month-on-month gain of 2025. They ran at the rate of 4 mln per year, the best level since February. However, the stock of unsold homes swelled (to 19 weeks of supply), and the latest sales came with the average selling price dropping, now at US$422,400.More generally, around their overnight earnings release, the Walmart CEO noted that tariff-tax price pressure is driving up prices on a weekly basis now. However, they reckon they will get a net benefit as shoppers turn to them from others forced into even higher increases.And the Conference Board's index of leading indicators fell in July, extending its 2025 retreat and at a faster pace in the past six months than the prior six months. Keeping the pressure on this index are the retreats in new orders, and weak consumer sentiment.The Philly Fed's factory survey certainly shows the new order problem which turned negative in August. And firms report that inflation is embedding at higher levels for their input costs. There is a sense that this heartland manufacturing region is starting to go backwards again. Those in this survey 'expect growth' in the future, but they have been signaling that for all of 2025 and if that aspect turns, things will possibly feel a bit grim there.But the early August S&P Global/Markit PMIs for the US are not downbeat. On the factory side, they report a good recovery from July. On the services side a slip from a still-expanding base. They also report faster input inflation as they paid the tariff-taxes.The Canadians also reported rising input costs in their PPI release overnight.Japanese business is on the rise. Business activity across Japan's private sector expanded at the fastest rate since February midway through the third quarter, according to the August PMI survey data. The upturn was supported by a fresh increase in factory production alongside a further solid rise in activity at service providers. Total new business also expanded at the quickest rate in six months, though this was driven solely by the service sector. New export business fell at a steeper rate, however.In China, it is becoming clearer that officials are increasingly worried about strained finances at central and local government agencies, and that both firms and employees are suffering from delayed payments. Apparently, the pressures are severe, warranting President's Xi's attention. Special bond issues are underway to juice up the necessary funding.In Europe, the flash PMI reports indicate an improving situation for both manufacturers, and in the service sector. New orders increased for first time in 15 months in August. The factory PMI rose to expansion and its best in more than three years. Its services sector expanded faster, although like everything in Europe the benchmarks are not high compared to the rest of the world.Overall EU consumer sentiment held at modest levels in August, although to be direct, they are still substantially negative and remain lower than their long-run average.In Australia, the S&P Global/Markit August PMIs are quite upbeat. They said Australia's business activity growth accelerated midway through the third quarter, with faster expansions across both the manufacturing and service sectors. This was supported by higher new work inflows, including a renewed expansion in exports. In turn, Australian private sector firms raised their staffing levels at a faster rate to cope with additional workloads. Business sentiment also improved slightly from July.Australian consumer inflation expectations fell to 3.9% in August from 4.7% in July, easing for the second straight month and marking the lowest level since March.And energy regulator AEMO says more wind, solar and storage capacity was added over the past year to the electricity grid in Queensland, NSW and Victoria than in any year before. The risk of blackouts and service disruptions is fading, they say.Globally, container shipping freight rates fell -4% last week from the prior week to be -60% lower than year-ago levels, although year-ago there was extensive stress from tensions in the Red Sea. All the weakness currently is in outbound cargoes from China. Bulk cargo freight rates fell -5% over the past week, but they are still +10% higher than year-ago levels.The UST 10yr yield is now at 4.33%, up +4 bps from yesterday at this time.The price of gold will start today at US$3,337/oz, down -US$10 from yesterday.American oil prices have risen +US$1 to just under US$63.50/bbl with the international Brent price up +US$1 to just over US$67.50/bbl.The Kiwi dollar is at just on 58.2 USc and down -10 bps from yesterday. Against the Aussie we have held at 90.6 AUc. Against the euro we are up +10 bps at 50.1 euro cents. That all means our TWI-5 starts today at just on 66.2, and up +10 bps helped by a gain against the yen.The bitcoin price starts today at US$114,270 and essentially unchanged from this time yesterday. Volatility over the past 24 hours has been modest at just under +/-1.1%.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again on Monday.
Kia ora,Welcome to Thursday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news the US Fed thinks inflation risks outweigh concerns about their labour market.But first. in its familiar yoyo pattern, US mortgage applications fell last week by -1.4% from the prior week, but that makes then +10% higher than the same week a year ago. The softness over the past week is all related to softer refinance activity, even though benchmark 30 year mortgage rates changed little.The US Fed released the minutes of its July meeting and that revealed the stances of the two Trump supporters on th nine-member voting panel. "Almost all" officials supported keeping rates unchanged at 4.25%, with those two dissenting in favour of a quarter-point cut to protect a weakening job market. It seems ironic that they should use that reason, because Trump fired the BLS chief for producing results that showed the American labour market weakening. One of the two, Christopher Waller, is considered the front-runner to replace Powell when his term ends. The two dissenters seem isolated in the group at this time.But that has not stopped Trump supporters making up 'fraud' claims against sitting Fed members in an effort to twist the voting panel.These minutes had no impact on financial markets.There was a well-supported US Treasury 20 year bond tender earlier today that delivered a median yield of 4.82%. That was lower than the 4.89% at the prior equivalent event a month ago.In Canada, a survey of small business owners turned more positive in July - even though their trade association claimed that 38% of them won't last a year without tariff changes.Across the Pacific, Taiwan turned in another very strong rise in export orders, up +15% in July from a year ago. After the +25% rise in June, this remains impressive but is what analysts have now come to expect.In Indonesia, they had a central bank review of their 5.25% policy interest rate yesterday and no change was anticipated. But in fact they cut by -25 bps to 5.00%, the fifth cut over the past year. They are confident inflation will remain contained and are moving to support "the need to stimulate economic growth in line with the economy's capacity".In the UK, their CPI inflation rate rose to 3.8% in July, its highest since January 2024. Driving the rise were cost increases from transport, holidays, food and fuel. These were offset by slower increases in rents (even if they are still rising fast). They have their own twist on the CPI called the CPIH which they emphasise, which adds in owner-occupier housing costs, and that rose 4.2%. That draws in imputed rents, stamp duties, and the cost of maintenance improvements. Either way, they have a sharpish inflation problem.In Australia, AUSTRAC said real estate agents are one of the key to tackling scams, drug trafficking and organised crime. Along with banks and lawyers, real estate agents are going to get more focus on fighting money laundering.The UST 10yr yield is now at 4.29%, down -1 bp from yesterday at this time.The price of gold will start today at US$3,347/oz, up +US$31 from yesterday.American oil prices have stabilised at just over US$62.50/bbl with the international Brent price up +US$1 to just over US$66.50/bbl.The Kiwi dollar is at just on 58.3 USc and down -70 bps from yesterday following the dovish RBNZ MPS. Against the Aussie we have fallen -80 bps to 90.6 AUc. Against the euro we are down -60 bps at 50 euro cents. That all means our TWI-5 starts today at just under 66.1, and down -80 bps.The bitcoin price starts today at US$114,270 and up +0.7% from this time yesterday. Volatility over the past 24 hours has been low at just under +/-0.8%.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.
Fleur Woods is a Contemporary Fibre Artist, Author, Teacher and Mentor based in Aotearoa New Zealand. Inspired by nature and drawn to fibres and textiles Fleur has developed her 'stitched paintings' through a decade of experimentation in her studio. Largely self taught she creates intuitively and her works evolve organically, often combining concept development and research as the pieces evolve. Stitch became a large part of her practice, making marks with thread has overtaken brush work due to the beautiful texture and dimension it brought to her pieces. A collector of all things vintage and pre-loved many textiles and found objects are repurposed into her maximalist works.The Untamed Thread, Fleur's popular book is part journey from corporate world to full time artist and part creative inspiration and guide to the art of living creatively and developing an art practice. When she's not in the studio creating originals, dying wools & textiles or creating other projects, Fleur can be found on the road teaching in person workshops / online gathering with her Joyful Embroidery students or enjoying creative conversation mentoring sessions. https://www.fleurwoodsart.com/https://www.instagram.com/fleurwoodsart/https://www.facebook.com/fleurwoodsartwww.sofst.org
Kia ora,Welcome to Wednesday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news commodity prices are taking a hit in global markets today as overall economic prospects are under scrutiny in both the US and China. And Wall Street is following them down, in their case led by tech firms.Prices for both hard and soft commodities are in retreat today, including oil, natural gas, steel, copper, aluminium, wheat, and soybeans. Even bitcoin is falling, down -8.5% over the past week when it hit a recent high note. But not everything.Today's full dairy auction revealed better demand from a wider range of markets than was expected so the declines anticipated were much less, in fact just -0.3% overall. Good buying of WMP and not only from China saw this rise slightly and that limited any overall downside. But there were lower prices for cheese, butter and SMP - lower, but about what was expected for these categories.In the US, housing starts rose a bit more than expected. But the gain was accentuated because July 2024 was unusually weak and that was because for some reason the 2024 bump came in August. Still it was encouraging because analysts had expected a small retreat in July. Still, the general level remains well below the general levels over the prior years. And new building permits were unusually low in July and are now running at their lowest level since June 2020. So the future isn't that bright in this sector.In the rural sector, American farmers are particularly worried about how the Trump Administration is upending their industry, and questions about survivability are arising. Many apparently face bankruptcy.Canadian CPI inflation fell, and by a bit more than expected. It came in at 1.9% in June in a small blip up. It was expected to slip back to a 1.8% rate but in fact came in at 1.7%, the same level it was in April and May. Fuel prices led the decline, but rents rose +3.0% and grocery prices were up +3.4% This will make it tricky for their central bank when they next meet on September 17.Across the Pacific, the top leaders in China have been on vacation and are now starting to return to active front-line duty.Meanwhile, Malaysian exports turned out to be much stronger in July than anticipated. They rose +6.8% in July from the same month a year ago, defying market expectations of a -5% drop. They also revised their June result to be a smaller dip than first reported. Malaysia imports were expected to fall sharply, but in fact held their own.In Australia, the Westpac-Melbourne Institute Consumer Sentiment Index surged 5.7% in August to its highest since February 2022, after a small rise in July. All components rose: family finances compared to a year ago rose +6.2%, while expectations for the next 12 months climbed +5.4%. Views on the economy improved, with the 12-month outlook up +7.6% and the 5-year outlook rose +5.4%, both above historical norms. The time to buy a major household item index gained +4.2%, while unemployment expectations fell -2.4%, still below the long-run level of 129. Their long spell of consumer pessimism may be ending, though sustaining momentum could require more easing. This survey underscores why the second-term Albanese government is riding ever higher in their polls, and the right-wing opposition parties are in disarray.The UST 10yr yield is now at 4.30%, down -4 bps from yesterday at this time.The price of gold will start today at US$3,316/oz, down -US$17 from yesterday.American oil prices have fallen -US$1 to be just under US$62.50/bbl with the international Brent price over US$65.50/bbl.The Kiwi dollar is at just on 59 USc and down -20 bps from yesterday. Against the Aussie we have firmed +20 bps to 91.4 AUc. Against the euro we are down -20 bps at 50.6 euro cents. That all means our TWI-5 starts today at just under 66.9, and down -10 bps.The bitcoin price starts today at US$113,512 and down -2.6% from this time yesterday. Volatility over the past 24 hours has been modest at just under +/-1.5%.Join us from 2pm NZT this afternoon for full overage of the RBNZ OCR decision and the following press conference.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.
Perioperative Medicine and Promoting Diversity in Healthcare, A Deep Dive with David Story, Professor and Foundation Chair of Anaesthesia at the University of Melbourne; Head of the University Department of Critical Care, and President of the Australian and New Zealand College of Anesthetists (ANZCA). In this piece we discuss the evolution of perioperative medicine and the importance of diversity and inclusion within healthcare, focusing particularly on the challenges and advancements involving First Nations people in Australia and Aotearoa New Zealand. Hear insights into the efforts to support Aboriginal and Torres Strait Islander peoples, and Māori, in medical education and practice, emphasizing the role of trust and cultural sensitivity. We also touch on gender equity in the medical field and the progress made towards a fairer, more inclusive environment in both Australia and Aotearoa New Zealand. Recorded at the Evidence Based Perioperative Medicine (EBPOM) World Congress in London and presented by Andy Cumpstey. For more information on EBPOM please visit www.ebpom.org
In this episode of Bad Diaries Podcast, Tracy talks with writer Caroline Barron about diaries, speaking your truth with kindness, and the power and particular melancholy of nostalgia.Caroline is the author of two wonderful books – a memoir, Ripiro Beach, and a novel, Golden Days – and in this episode of the podcast, we talk about how both of these books use and connect with diaries. We talk about Caroline's decades-long and very consistent diarykeeping practice, and we look at her latest project, My Year of Rereading, and how her diaries from the 1990s gave this 2024 project a starting point and a structure.Caroline Barron (Te Uri O Hau / Pākehā) is an award-winning New Zealand author. Her first book, the memoir Ripiro Beach, won the 2020 New Zealand Heritage Literary Award for Best Non-fiction Book. Her debut novel, Golden Days, was published in 2023 in Australia and Aotearoa. She has a journalism degree, a Masters in Creative Writing from University of Auckland and, from the early 2000s – when she was only in her twenties – she owned and ran Nova, a leading model and talent agency.As well as being a writer, Caroline is active throughout the New Zealand book ecosystem as a manuscript and funding assessor, reviewer, story coach, writing teacher and presenter.Find Caroline on her website.Find full show notes for this episode on the Bad Diaries Salon website baddiariessalon.com, or get in touch via Instagram or Facebook – we're @baddiariessalon everywhere.Thanks for joining us for Bad Diaries Podcast! Don't forget to subscribe, rate and review us, wherever you get your podcasts.Bad Diaries Podcast Season 3 is recorded and produced in Te Whanganui-a-Tara Wellington, Aotearoa New Zealand, on the iwi lands of Taranaki Whānui, and Ngāti Toa Rangatira. Seasons 1 & 2 were also recorded in Naarm Melbourne, Australia, on the lands of the Kulin Nation. We pay our respects to Mana Whenua, and to Elders past, present and emerging, of these lands.
Kia ora,Welcome to Tuesday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news that attention will now turn to the annual Fed meeting in Jackson Hole, WO. This year Fed boss Powell is not only trying to balance US monetary policy settings between rising inflation pressures and a basically stable (and good) labour market, he also has to contend with a unstable fiscal policies and political pressure, with two and soon to be three voting members who want to appease the "low rate" President. He is earning his keep at present, and this summer forum will be a way for him to make his case.Special attention will be on his comments about rate cut prospects, something markets have mostly priced in for the September 18 meetings. Currently, analysts expect Powell to be coy about his signals for a rate cut.But on the current data front in the US, their housebuilding industry remains quite glum. The NAHB index of sentiment in the sector is near a record low, only worse during one month in the pandemic. And the July retreat was not expected. Builder sentiment has now been in negative territory for 16 consecutive months and their key problem is costs, induced recently by tariff taxes, and keeping new housing basically unaffordable for new buyers.But north of the border, its quite a different situation. Canadian housing starts hit a three year high in July, up +3.7% from June which was also a very strong month. The Canadians are tackling their housing affordability issue with a strong push for more supply. The key gains are with multi-unit housing in Montreal and the Prairie Provinces.It is not something we have reported on before, but India is now releasing monthly unemployment data. Previously it was quarterly and the latest release shows this key metric at 4.2% in July, which is a record low since records started in 1995. Nothing like an expanding economy to pull down the jobless rates.Singapore's non-oil domestic exports (NODX) fell -4.6% year-on-year in July, reversing a downwardly revised +12.9% surge in June and establishing a yoyo pattern. This marked the third decline so far this year and the steepest contraction since October 2024, due to a fall in non-electronic exports, especially to the US (-48%) but also China -12%). Perhaps more worrying, near neighbours Thailand, Malaysia and Indonesia all bought significantly less in July.In China, the $2 bln trade in dairy products from the EU to China is under investigation by political authorities as part of pressures China is exerting as countermeasures for EU restrictions on China. Now the Chinese are drawing out the pressure with another extension to the probe, due to "complexity" in the case.The UST 10yr yield is now at 4.34%, up +2 bps from yesterday at this time.The price of gold will start today at US$3,333/oz, essentially unchanged from yesterday.American oil prices have firmed slightly to be just under US$63.50/bbl with the international Brent price under US$66.50/bbl.The Kiwi dollar is at just on 59.2 USc and unchanged from yesterday. Against the Aussie we have firmed +20 bps to 91.2 AUc. Against the euro we are also up +20 bps at 50.8 euro cents. That all means our TWI-5 starts today at just on 67, and up +20 bps.The bitcoin price starts today at US$116,576 and down -1.2% from this time yesterday. Volatility over the past 24 hours has been modest at just under +/-1.4%.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.
Kia ora,Welcome to Monday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news consumer hesitations are showing up the world's largest economies.But first, our week ahead will be dominated by Wednesday's RBNZ OCR rate review, one that is widely expected, by both analysts and financial markets, to deliver a -25 bps cut. That will flow though to floating mortgage and savings rates, but it is far less clear it will affect fixed home loan rates given we have had a full range of cuts last week.In Australia this week it will be all about consumer inflation expectations and consumer sentiment.Elsewhere, in the shadow of northern hemisphere vacations, Canada and Japan will release updated CPI data, and there will be a focus on the US Fed, who with guests, will be huddling in Jackson Hole, WY, again. This time the comments from the two Trump-aligned board members will no doubt hog the limelight.All the while, PMI releases will ground us in the real economy.And in the real economy, Chinese retail sales rose +3.7% in July from a year ago, slowing from a +4.8% expansion in June. Markets were expecting a +4.6% gain in July, so this is a disappointment. This latest result is their weakest growth since December 2024.Meanwhile, China's industrial production expanded by +5.7% in July from a year ago, slowing from June's three-month high of +6.8%. Expectations were for a 5.9% gain so this miss is small. But it is the softest increase in industrial production since last November. That comes after capacity curbs caused by unusually high temperatures and heavy rainfall in some regions.The more important metric of Chinese electricity production saw it rise +3.1% in July from a year ago, a faster expansion than in June. Hydro power was down -9.8% on the same basis, coal power up +4.3%, and nuclear power up +8.3%. The smaller renewals sector's rise was much faster than all of these.And China's new home prices in the 70 major reference cities dropped by -2.8% in July from a year ago, easing from a -3.2% decline in the previous month. It was the 25th consecutive month of contraction, the softest pace since March 2024. Only five of those 70 cities had any increase, and those were all marginal at best. But then again, so were the dips. For resales, there were no cities showing any year-on-year gains and only one (Taiyuan, in Shanxi province) with a monthly gain.Overall, it's a picture of a slightly slowing Chinese economy across all sectors and that will tell Beijing that its stimulus efforts so far are insufficient to keep up with the forces that are dragging it slower. But Beijing is calling the economy 'steady'.And staying in Asia, Malaysia's economy expanded by +4.4% year-on-year in the June quarter, matching the pace in Q1 and slightly below the initial estimate of +4.5%.In the US economy, retail sales rose +0.5% in July from June, as expected and following an upwardly revised 0.9% rise in June. This was largely due to car buying. They are up +3.9% from a year ago but that gain has been falling from the recent +5.1% peak in March. Although tariff-taxes account for most of the gain, overall there is a small real gain here. However without cars, this would look quite negative.In the New York region, they saw a modest rise in business activity in their factories in July based on rising new orders.And that is supported by national industrial output data. While American industrial production edged down -0.1% in July, missing forecasts of a flat reading and following an upwardly revised +0.4% rise in June, the decline was only because the mining sector was weak. Factory output, which makes up about 78% of total industrial production, edged up +0.1% in July, after increasing +0.3% in June. From year-ago levels it is up +1.4%, similar to most of 2025.Not so positive is American consumer sentiment and they don't like what they see ahead. The University of Michigan consumer sentiment August survey fell sharply from July and well below what was expected. It was the first fall in four months, mainly due to growing inflation concerns and sharply worse buying conditions for durable goods. Those surveyed anticipate worsening inflation and unemployment ahead. Overall this survey is more than -13% worse than year ago levels.And in Europe, data released over the weekend shows that Ireland's exports to the US dropped by almost a quarter in June compared to a year ago. Tariffs got the blame. (But they were able to reorient about half of that drop to the UK.)More globally, we should note that international shipping costs are starting to be roiled by the new Trump rule of tariff-extras/extra port fees for Chinese-made ships that dock there that comes into effect in five weeks. That will raise freight costs for Americans, and with extra capacity in other trades, probably bringing lower costs elsewhere.The UST 10yr yield is now at 4.33%, up +1 bp from Saturday at this time, up +4 bps for the week.The price of gold will start today at US$3,334/oz, unchanged from Saturday, but down -US$61 for the week.American oil prices have firmed slightly to be just over US$63/bbl with the international Brent price over US$66/bbl.The Kiwi dollar is at just over 59.2 USc and unchanged from Saturday. But it is down -40 bps from a week ago. Against the Aussie we have dipped -10 bps to 91 AUc. Against the euro we are holding at 50.6 euro cents. That all means our TWI-5 starts today at just on 66.8, down -10 bps from Saturday and down -½c for the week.The bitcoin price starts today at US$117,422 and down -0.3% from this time yesterday. But up +0.5% from a week ago. Volatility over the past 24 hours has been low at just under +/-1.0%.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.
Kia ora,Welcome to Friday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news tariff-costs seem to be having much more impact on US prices than on global trade.But first, US initial jobless claims rose slightly last week to 199,000 but that was slightly lower than seasonal factors would have accounted for. There are now just over 2 mln people on these benefits, +100,000 more than at the same time last year.However, rising much more were producer prices. They are up +3.3% in July from a year ago, a jump from June's +2.4% and much higher than the expected +2.5%. This ends a period where these costs eased since February with a notable reversal. The month-on-month rise was outsized and we make that the largest non-pandemic jump since 2012. This data is having traders re-think their bets on the September 18 US Fed rate review. Currently they expect a -25 bps cut, despite White House pressures. They have two more -25 bps cuts priced in through to january 2026, so maybe some of those could get reassessed. Today's PPI data may signal the tariff-induced inflation is only just starting.In China, they are wrestling - endlessly it seems - with how to staunch the property development sector's bleeding. The latest idea is that Beijing's SOEs but up the unsold housing overhang.India's exports rose in July, but their imports jumped much more so their trade deficit worsened and is much more negative than it was a year ago for the same month.Meanwhile, S&P have upgraded the Indian sovereign credit rating to 'BBB' from 'BBB-' and changed the outlook to stable from positive. It said the upgrade was based on economic resilience and sustained fiscal consolidation. They noted the strong growth momentum, said monetary policy was credible, and added that the impact of Trump's tariffs should be manageableIn Australia, one of their largest superannuation funds failed to tell regulator ASIC about investigations into serious member services issues, including incorrect insurance premium refunds for dead members. This is part of what ASIC is alleging in an Australian Federal Court suit launched yesterday.And staying in Australia, their jobless rate eased to 4.2% in July, down from the four year high of 4.3% in June. The decline was driven by a drop of 10,200 in the number of unemployed, bringing the total to 649,600. Meanwhile, employment rose by +24,500 to a record high of 14.6 mln following a downwardly revised gain of +1,000 in June. Full-time employment rose by +60,500 while part-time positions fell by -35,900. Female participation hit a record high of 63.5%.Global container freight rates fell in a broad shift lower to be down -3% last week from the prior week and down -59% from year ago levels. Those year ago levels were an unusually high benchmark due to Red Sea security factors back then. Bulk freight rates were little-changed over the past week, but are +20% above year ago levels.The UST 10yr yield is now at 4.28%, up +5 bps from yesterday at this time. The price of gold will start today at US$3,335/oz, down -US$17 from yesterday.American oil prices have risen +US$1.50 to be just under US$64/bbl with the international Brent price up a bit less at US$66.50/bbl.The Kiwi dollar is at just under 59.1 USc and down -60 bps from yesterday. Against the Aussie we are down -20 bps at 91.1 AUc. Against the euro we are down -20 bps at 50.8 euro cents. That all means our TWI-5 starts today at just on 66.9, down -40 bps from yesterday.The bitcoin price starts today at US$117,741 and down -3.1% from this time yesterday. Volatility over the past 24 hours has been moderate at +/-2.6%.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again on Monday.
Kia ora,Welcome to Thursday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news of a rare drop in bank lending in China from weak demand.But first up today, we need to report that "due to a technical issue", yesterday's GDT Pulse Auction was cancelled prior to its completion.Meanwhile in the US, and boosted by a very sharp surge in refinance activity, mortgage applications were up more than +10% last week from the week earlier. Refi clients too advantage of a small -10 bps dip in the benchmark interest rate. But applications to finance a new home purchase actually fell last week from the prior week. Still, that is +16% higher than year-ago levels.The Trump Administration is increasingly worried about the outlook for their economy. Tariff costs are choking off expansion. We will get a GDPNow update of economic activity later this week, but it is likely to be quite soft. Now Treasury Secretary Bessent is calling for a -150 bps rate cut by the Fed to counter the expected decline, and telling them to ignore the building inflation.In Japan, machine tool orders rose +3.6% in July driven by stronger export orders.In China, there has been an unexpected surprise in the release of their bank lending data for July released overnight. It actually fell for the first time in more than twenty years. It fell -¥50 bln in July from the prior month. A +¥300 bln increase was expected. July is often a shadow month after the quarter end, but actual declines are almost unheard of in the modern era. Overall social funding rose, but that is bolstered ny economic support measures. That commercial firms are borrowing less is undoubtedly not a trend Beijing wants to see.The slowdown domestically, and severe overcapacity has seen Chinese steel products dumped in international markets. More countries like Japan and South Korea are considering anti-dumping actions against Chinese steel, while India has several probes underway. Chile has imposed temporary anti-dumping tariffs to protect its steel industry. These moves come after the US and Canada imposed their restrictions. These actions against Chinese steel will no doubt get more strident unless China removes a meaningful proportion of its overcapacity.That makes Australia vulnerable.Australia imports a significant amount of steel from China (more than AU$4 bln/year), with structural steel being a major category. And this is rising and a threat to local steel mills. Australia is in a tough spot dealing with China on the issue because their iron ore exports are the main Australian advantage (about AU$100 bls/year). And quality is another advantage of local steel products. There are rising concerns about the quality and compliance with Australian standards of some imported Chinese steel products.New owner-occupier loan values in Australia were up +7.2% in June from the same quarter in 2024. But the number of new loans was up only +0.2% on the same basis. This reflects the frothy housing markets in many state capital cities. The biggest value increases were for owner-occupiers who weren't first home buyers with these loan values up +9.8%. Volumes for that group were up+1.0%. First home buyers in Australia are the weakest borrowers, largely shut out of their housing markets.The UST 10yr yield is now at 4.24%, down -5 bps from yesterday at this time.The price of gold will start today at US$3,353/oz, up +US$6 from yesterday.American oil prices have fallen another -US$1 to be just under US$62.50/bbl with the international Brent price now at US$65.50/bbl.The Kiwi dollar is at just under 59.7 USc and up +10 bps from yesterday. Against the Aussie we are also up +10 bps at 91.3 AUc. Against the euro we are holding at 51 euro cents. That all means our TWI-5 starts today at just on 67.3, up +10 bps from yesterday.The bitcoin price started today at US$121,559 and up +1.9% from this time yesterday. Volatility over the past 24 hours has been modest at +/-1.3%.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.
For episode 440, I welcomed Beach Motors (David Robinson), a DJ and producer from Te Matau-a-Māui, Aotearoa (New Zealand) now based in SF, with a deep…
Kia ora,Welcome to Wednesday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news inflation is staying high in the US but retreating in India and Australia.The US CPI inflation rate remained at 2.7% in July, the same as in June and below forecasts of 2.8%. Still it is worth noting that June's level caused Trump to fire the bearer of that news. But the level has been held anyway. Food prices also were steady at +2.9%. Meanwhile, core inflation, which excludes food and energy, accelerated to a five-month high of 3.1%, compared to 2.9% in June and above forecasts of 3%. The monthly core CPI went up +0.3% as expected, its sharpest rise in six months.Apparently, importers were still absorbing most of the border tariff taxes.The new head of the agency responsible for this data (a Heritage Foundation official) has suggested they stop publishing monthly jobs data, especially for jobs, until "errors can be corrected". (Code for, what the White House wants.)What today's inflation data means for a Fed rate cut is still uncertain - for some. Equity markets are betting this "as expected" result will allow one and their bets are now 90% certain a cut will come on September 18 (NZT). Bond markets are a bit more sceptical. Currency markets remain bearish on the USD.Record expected corn production in the US, and closing international appetites for politicised trade uncertainties brought a swift fall in corn prices. The same USDA WASDE report says beef prices are rising in lower tariff-induced imports from Brazil and lower domestic production. US milk prices are little-changed but they expect to import more SMP.The US NFIB Small Business Optimism Index rose in July from June but it still not back to levels of earlier in the year. This latest rise is all about current outcomes rather than future conditions. The uncertainty subcategory was still high and rising.The US government posted a -US$291 bln budget deficit in July, despite a +US$21 bln boost in border tariff collections from importers, as spending outpaced revenues. The shortfall was US$47 bln larger than a year earlier, with receipts rising +2% to US$338 bln but outlays jumping +10% to a record US$630 bln for the month. The unexpected worsening seems to have been ignored by equity markets who 'liked' the inflation result.But the bond market is bracing for the impact of an additional US$500 bln in Treasury Bond issuance over the next six months. Benchmark yields rose.In Canada, a sharper than expected fall in Vancouver multi-unit house building permits, along with a sharper than expected fall in Toronto commercial building, has seen the Canadian building permit levels in June retreat much more sharply than expected. This retreat comes after an unusually strong gain in May however.In India, CPI inflation is retreating rapidly now, coming in in July at only 1.6% fron a year ago. In June it rose 2.1%. The July level is almost as low as the all-time low of 1.5% in June eight years ago. In the latest data, food prices deflated -1.8% and this was by far the major reason for the overall easing. The result is now well below the RBI inflation tolerance band of 2-6% so official rate cutting may come into play. But arguing against that is the record weakness on the Indian rupee.In Germany, ZEW Indicator of Economic Sentiment fell back for the first time in four months, mainly on the disappointing outcomes in the EU-US tariff 'negotiations'. But overall sentiment remain relatively high there in a long term perspective.In Australia, and in a unanimous decision, the nine member Reserve Bank of Australia Monetary Policy Board has cut its cash rate target by -25 bps to 3.60%, saying a further easing of monetary policy is appropriate after a pause at its last review in July. Most banks announced they would pass it on in full to home loan borrowers. Lower inflation tracks are behind the official rate cut.The UST 10yr yield is now at 4.29%, up +2 bps from yesterday at this time. The price of gold will start today at US$3,347/oz, down -US$7 from yesterday.American oil prices have softened -50 USc to be just under US$63.50/bbl with the international Brent price now at US$66/bbl.The Kiwi dollar is at just under 59.6 USc and up +20 bps from yesterday. Against the Aussie we are up +10 bps at 91.2 AUc. Against the euro we are down -10 bps at 51 euro cents. That all means our TWI-5 starts today at just on 67.2, unchanged from yesterday.The bitcoin price started today at US$119*,329 and down -0.2% from this time yesterday. Volatility over the past 24 hours has been low at +/-0.7%.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.
Vincent Jones and Otis Murray are your experts on domestic cricket in Aotearoa New Zealand.Today on the podcast we are joined by a special guest, Renee Simpson to discuss the recent Blackcaps series against Zimbabwe and South Africa. We also have a wee kōrero around the upcoming domestic summer.Enjoy!Substack: kiwicricketchat.substack.comLinktree: https://t.co/5ZT49TOccNX/Twitter: https://x.com/KiwiCricketChatInstagram: https://www.instagram.com/kiwicricketkorero_/Facebook: https://www.facebook.com/KiwiCricketKorero/
Kia ora,Welcome to Tuesday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news the US is deploying new shakedown tactics on its exporters to give some favoured tech companies tariff and national security export relief - if they pay.However first, China's vehicle sales were up almost 15% in July from a year ago, following a nearly +14% rise in June. That means they sold 2.6 mln units in July. The sales pace is running far higher in 2025 than the record pace in 2024, but the really large sales months don't come until late in the second half of the year. Sales of new energy vehicles surged 27% year-on-year to more than 1.25 mln units in July, accounting for nearly half of all new car sales and marking the fifth consecutive monthly increase.Hong Kong listed Chinese property developer, China South City Holdings, has been suspended after a Hong Kong court ordered its winding up. That ends a years-long process of attempting to survive through reorganisation and emphasises how tough the Chinese property development market is still.In India, there are reports their central bank is in the markets supporting the falling rupee. So far they have spent US$5 bln on the operation to no obvious impact, although it may have helped slow the devaluation.In the US, the Federal Government is finding new ways to tax. First it was tariffs (import taxes), now it is export taxes. It is extracting 15% from chip sales, starting with exports to China. These shakedown of corporate America come with waiving tariffs or national security export restrictions, giving the company advantages over its rivals. Very Soprano. It is a habit sure to spread, ushering in a period of hyper crony-capitalism - one that may be indistinguishable from capitalism-with-Chinese-characteristics. The Chinese at least are trying to wean themselves off the habit, because it led them nowhere.Tomorrow, the US will release its CPI data. And after the firing of its agency head last month because Trump didn't like the result, this will draw special scrutiny, especially as tariff costs are increasingly being passed on. The key reaction to watch will be how TIPS bonds are prices (Treasury Inflation Protected Securities). The CPI rate is the basis for these yields and it they are going to be artificially interfered with, investors may sell down this US$2.1 tln bond market corner. If that happens, we will all notice. Markets expect the 2.7% CPI rate in June (the one Trump didn't like) to rise to 2.8%, and the core rate to hit 3% - for the first time in five months and calling an end to the disinflation cycle and the start of re-inflation.Later today we get the RBA's latest rate decision. It almost certainly will announce a cut of -25 bps to 3.60%. And before that the wide-watched NAB business sentiment survey will be released. It isn't expected to show much change from the modestly positive readings.And as important as today's announcements will be, don't forget tomorrow CBA will release its annual 2025 results to June. And they are widely expected to be a record exceeding AU$10 bln. It is ranked in the mid 40s on an assets basis, but it is one of the worlds most profitable.The UST 10yr yield is now at 4.26%, down -2 bps from yesterday at this time. The price of gold will start today at US$3,354/oz, down -US$44 from yesterday.American oil prices have firmed +50 USc to be just under US$64/bbl with the international Brent price now at US$66.50/bbl.The Kiwi dollar is at 59.3 USc and down -20 bps from yesterday. Against the Aussie we are also down -20 bps at 91.1 AUc. Against the euro we are unchanged at 51.1 euro cents. That all means our TWI-5 starts today at just on 67.2, down -10 bps from yesterday.The bitcoin price started today at US$119,552 and up +0.8% from this time Saturday. Volatility over the past 24 hours has been modest at +/-1.7%.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.
What is sustainability, and how can businesses contribute to it? Why do many larger organisations in Aotearoa New Zealand align with the Sustainable Business Council (SBC)? In this episode, host Roger Robson-Williams is joined by Jay Crangle and Mike Burrell from the SBC to explore these questions, sparked by the recent merger of four Crown Research Institutes into the new Bioeconomy Science Institute—an organisation of over 2,000 people with an annual revenue of around $0.5 billion. Jay and Mike share their personal journeys into sustainability, how their work at the SBC reflects their values, and what Rachel Carson's Silent Spring and the Star Wars universe can teach us about shaping a more sustainable future. To view our full catalogue of podcasts including extra links on some podcasts please go to our Scigest pages: www.plantandfood.com/scigest
Kia ora,Welcome to Monday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news geopolitics will suck up all the headlines this week, but we will focus on how the world's economies are faring.This coming week will have a focus on Australia, and the RBA's Tuesday cash rate target review. "Everyone" expects them to cut by -25 bps to 3.60% - the more so because they skipped the expected cut at their July 9 review. There will be interest in the NAB business sentiment report this week tooIn the US, the economic focus will be on CPI, PPI, retail sales and industrial production data. Market analysts aren't expecting to see much expansion and are expecting to see higher inflation. There will also be another consumer sentiment survey released this week too.In Europe it will be all about GDP and sentiment updates. In Japan, we get to learn their Q2 GDP result. In India the focus will be on inflation updates.In China there will be some big data released including for industrial production, retail sales, and new bank lending.Over the weekend China released its July CPI data. It rose +0.4% from June, to be unchanged from a year ago. They are being suppressed by Beijing's subsidy programs. Food prices fell marginally in the month to be -1.0% lower than a year ago. Beef prices however rose +3.6% on that annual basis, sheepmeat prices fell -1.4%, and milk was down -1.3%.Meanwhile overall producer prices deflated quicker, down -3.6% from a year ago. Producer purchase prices were down -4.5%, taking it to almost three years of continuous monthly declines. That's serious deflation.More globally, the July world food price index inched higher, but that masks record higher prices for meat proteins. And those were driven by beef and sheep prices. Dairy prices eased back from June but only slightly and they remain very near record levels.Canada released its July labour market report over the weekend showing 1.6 mln people unemployed for a jobless rate of 6.9%. That's high even if it is stable, and the number of people employed fell by -40,800, with a drop of -51,000 in full-time jobs and a rise of +10,000 in part-time jobs. The decline was mostly among 15-24 year olds. Markets had expected overall employment to rise by +13,000.In Japan, June data for household spending rose +1.3% from the same month a year ago, down sharply from a +4.7% increase in May. Forecasts were for a +2.6% rise. Households were worried about the impact of US tariffs and persistent inflation on consumer activity. On a monthly basis, spending plunged -5.2% in June from May, reversing May's +4.6% rise and undershooting expectations of a -3% correction.And staying with Japan, they agreed with the US on a 15% "reciprocal" tariff. But Trump issued an executive order to charge 25% in a pique of retribution for slights no-one can quite understand. The Japanese have called them out on it, insisting they honour the negotiated deal. Now Bessent and Lutnick have agreed to not only correct the "administrative mistake" but refund the capricious tariff charges. The Japanese are back with the same deal as the EU has.Taiwan's export performance continues to astound. Exports from the island nation surged +42% in July from a year ago to a record US$56.7 bln, following the +34% increase in June. They were expecting 'only' a +29% rise on this basis. by any measure this strength is quite remarkable. It is all built on electronics. Taiwanese imports were up +21% on the same basis.In the US the appointment of Stephen Miran to fill a temporary vacancy as a board member of the US Federal Reserve adds in a protectionist sceptic to the voting mix. He is no fan of central bank independence. But oddly he has railed against the 'revolving door' of its members moving between Whitehouse/Treasury positions and the Fed governorships. He has now become exhibit A.An global reinsurer SwissRe says 2025 is shaping up to incur weather and climate losses exceeding US$150 bln, after a record $80 bln in the first half. That would make it its costliest year since 2011 (when the NZ and Japanese earthquakes occurred), but by far the costliest for just climate impacts.We should also note an AFR report that French dairy giant Lactalis, is the leading bidder for Fonterra's Mainland business after being granted exclusivity to negotiate for a buyout. They got the nod with a price rumoured to be something less than $4 bln.The UST 10yr yield is now at 4.28%, down -1 bp from Saturday and up +6 bps for the week.The price of gold will start today at US$3,398/oz, up US$3 from Saturday. But that has built to a +US$51 gain for the week, or up +1.5%. The uncertainties swirling around the new US tariff ruling are flowing through the New York gold price. Meanwhile the White House called the news 'misinformation' even though their agency had published to tariff ruling.American oil prices have slipped back again, down -50 USc to be just under US$63.50/bbl with the international Brent price down at just over US$66/bbl. These are more than -US$3.50 lower than week-ago levels.The Kiwi dollar is at 59.5 USc and down -10 bps from Saturday, up +½c from a week ago. Against the Aussie we are up +10 bps at 91.3 AUc. Against the euro we are unchanged at 51.1 euro cents. That all means our TWI-5 starts today at just on 67.3, unchanged from Saturday and up +20 bps from this time last week.The bitcoin price started today at US$118,561 and up +1.5% from this time Saturday. Volatility over the past 24 hours has been modest at just on +/-1.1%.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.
James Stewart, CEO of Home Capital Partners, joins Purposely Podcast to talk about housing, purpose-driven leadership, and creating pathways to home ownership in Aotearoa New Zealand.James shares how his team at Home Capital is working to address one of the country's most urgent social issues: access to safe, secure, and affordable homes. The conversation explores the full housing continuum—from social housing to affordable rentals and ownership—and the real-world impact of helping families find stability and hope.James reflects on his personal journey, including formative experiences in Christchurch and international development, and how his faith and values now shape his leadership. He also speaks to the importance of balancing financial sustainability with mission, building strong partnerships, and designing housing models that serve communities long-term.Themes discussed:The link between housing, health, and opportunityPurpose and profit: why both matterFaith and values in leadershipThe power of patient capital and long-term thinkingBuilding homes, building hopeLearn more about Home Capital Partners:https://homecapital.co.nz
Kia ora,Welcome to Friday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with we are ending the week with Wall Street not finding much to like about future trade prospects, especially as policy shifts seem to be highly chaotic and involve personal retributions.US initial jobless claims rose last week to +195,000 when seasonal factors indicated it would fall. There are now just over 2 mln people claiming these benefits. This time last year there was just over 1.9 mln, a rise of +99,000.American consumer inflation expectations for the year ahead rose to 3.1% in July from 3% in June. This was held back only because of the widespread perception that petrol prices would fall. The median year-ahead expected change in food prices remained unchanged at 5.5%. Looking further ahead inflation expectations in fives rose to 2.9% from 2.6%.Meanwhile Q2 American labour productivity improved in data released today. It rose by 2.4% in the quarter following a revised -1.8% drop in the prior period. Analysts expected a +2% increase. Output increased by 3.7% (vs -0.6% in Q1) and hours worked increased by 1.3% (vs 1.2%).The US agricultural sector used to be a powerhouse export driver. But no more. Data released yesterday shows it has turned into a net importer, a trend that started in 2018 in the first Trump presidency. The first half of 2025 has now recorded its largest deficit on record, mainly on stuttering exports.Meanwhile, American consumer credit rose in June but only modestly. Total consumer credit rose by just +US$7.4 bln in the month, up from a +US$5.1 bln in May. These are minor changes and don't indicate any impending credit stress.Across the Atlantic in a tighter than expected vote, the Bank of England cut its policy rate by -25 bps to 4.0%. They have inflation running at 3.6% with a target of 2%. Five of the nine voting members voted for the cut, four wanted no-change. This was much closer than the 7:2 vote expected.In China, they are not only subsidising trade-in programs to help juice their domestic economy, now they are subsidising interest rates on personal loans. Consumer credit has not been traditionally popular in China, but young people are signing up much more freely. It is a sector that may grow to hold financial stability risks.Standard & Poor's have affirmed China's sovereign credit rating at A+ Stable. China's government gets a AAA rating from its own domestic ratings agencies, but Beijing was pleased anyway with the S&P result.Container freight rates fell -3% last week from the week before to be -58% lower than year-ago levels, although to be fair those were an unusual peak. Outbound from China was again the main weakness although outbound from the US is now showing up as a weakening trade too - and that starts with very low rates anyway. Bulk cargo rates were essentially unchanged over the past week and are now +18% higher than a year ago.The UST 10yr yield is now at 4.25%, up +3 bps from yesterday. The price of gold will start today at US$3,391/oz, up US$17 from yesterday.American oil prices have slipped back again, down another -US$1 to just on US$64/bbl with the international Brent price down at just over US$66.50/bbl.The Kiwi dollar is at 59.5 USc and up +10 bps from yesterday. Against the Aussie we are up +20 bps at 91.5 AUc. Against the euro we are up +10 bps at 51.1 euro cents. That all means our TWI-5 starts today at just on 67.3, up +20 bps.The bitcoin price started today at US$116,442 and up +0.8% from this time yesterday. Volatility over the past 24 hours has been modest at just under +/-1.1%.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again on Monday.
Kia ora,Welcome to Thursday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news in search of short-term riches, the Cook Islands is establishing itself as a haven base for deep sea mining, it be used by both great powers.But first, American mortgage applications rose last week with a modest +3.1% gain from the prior week attributed to a small fall in benchmark mortgage interest rates. It was the stronger +5% refinance activity that drove the modest gain rather than new home purchases.Those benchmark rates may keep falling. There was slightly softer demand for the latest overnight US Treasury 10yr Note auction, but the resulting median yield came in at 4.20%, down from 4.31% at the prior equivalent event a month ago. However the yield is up on more recent levels.Separately, the NY Fed monitoring of global supply chain pressure eased again in July.In Canada, they are seeing residential real estate markets operating like we see here. For example Toronto sales transactions are rising (+13% in July from a year ago), but prices falling (-5.4% on the same basis).The Reserve Bank of India kept its key policy rate at 5.50% during its August meeting, now holding a neutral stance, following a larger-than-expected -50 bps decrease in June. There were no surprises here and the rate remains at its lowest level since August 2022. Easing inflation and the recent US tariff challenges were key considerations.Meanwhile, the US has doubled its tariffs on India to 50% as 'punishment' for buying Russian oil. Interestingly it has boosted Modi's standing at home in India and brought bi-partisan support for him in resisting the US.In China, they have brought in a ¥3,600 yuan (NZ$845) per year child care subsidy for under threes, designed to boost household consumption and ease pressure on family budgets. Encouraging childbirth is probably the core motivation for this subsidy. It is just another is a broadening range of consumer subsidies China is rolling out to support its economy and build domestic demand.EU retail sales volumes impressed in an overnight data release for June. They were up +3.1% on a volume basis, the best increase since September 2024. German gains were particularly strong, up +4.8% on the same volume basis.But new German factory orders again disappointed in June, down -1.0% in volume terms. Although this was twisted by some lumpy 'large' orders. Excluding those, the change is a gain of +0.5% in volume terms. (Large-scale items include aircraft, ships, trains, military vehicles).Australia said living costs rose for all type of households in June. Over the past year, all LCIs rose between +1.7% and +3.1%, slowing from annual rises of between +2.4% and +3.5% to the March 2025 quarter. In the South Pacific, the Cook Islands is becoming a renegade state. Its deal with China allows the Chinese to use it as a base for deep sea mining. Now the US is keen to use it in the same way. These great powers see “one of the most promising regions for deep-sea mineral deposits.” These nations are keen to plunder as far away from themselves as possible.The UST 10yr yield is now at 4.22%, up +2 bps from yesterday. The price of gold will start today at US$3,374/oz, down -US$5 from yesterday.American oil prices have slipped back again, down another -50 USc to just under US$65/bbl with the international Brent price holding at just over US$67.50/bbl.The Kiwi dollar is at 59.4 USc and up +40 bps from yesterday. Against the Aussie we are unchanged at 91.3 AUc. Against the euro we are also unchanged at 51 euro cents. That all means our TWI-5 starts today at just on 67.1, up +20 bps.The bitcoin price started today at US$115,465 and up +1.6% from this time yesterday. Volatility over the past 24 hours has been low at just under +/-0.9%.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.
In a time when so many are grappling with division and polarization in their communities, where does one start to build connections to better understand when and why do you feel like you “belong” in your community? In this new podcast conversation, we talk with Anjum Rahman and Atarau Hamilton-Fuller from Inclusive Aotearoa Collective Tāhono, based in Aotearoa New Zealand. In the aftermath of the horrific Christchurch mosque attacks in 2019, their collective's work focused on visiting communities across the country to foster understanding, empathy, and a sense of belonging by encouraging participants to share personal experiences of inclusion and exclusion.Anjum and Atarau share about the unique, culturally grounded approach that they developed as their group hosted and facilitated “belonging conversations” across 46 cities and towns. These conversations, created with three simple yet revealing questions, helped create spaces where participants felt safe to be truly heard, learned the power of deep listening without judgement, and helped understand each other's shared humanity.As part of this discussion, we also demonstrate the conversation, exploring the three core questions to help understand why these discussions have been so powerful for participants.This discussion is essential listening for anyone seeking practical ideas for how to build understanding and foster genuine connection across different groups within the same community.Resources and Footnotes:Inclusive Aotearoa Collective TāhonoResource: What does belonging mean to you?Resource: How to Hold a Conversation on BelongingMore on Collective ImpactInfographic: What is Collective Impact?Resource List: Getting Started in Collective ImpactThe Intro music, entitled “Running,” was composed by Rafael Krux, and can be found here and is licensed under CC: By 4.0. The outro music, entitled “Deliberate Thought,” was composed by Kevin Macleod. Licensed under CC: By.Have a question related to collaborative work that you'd like to have discussed on the podcast? Contact us at: https://www.collectiveimpactforum.org/contact-us/
Questions to Ministers TODD STEPHENSON to the Minister for Regulation: Will New Zealanders benefit from the Ministry for Regulation's work to remove unnecessary rules and regulations; if so, how? Rt Hon CHRIS HIPKINS to the Prime Minister: Does he stand by all his Government's statements and actions? CAMERON BREWER to the Minister of Finance: What recent reports has she seen on the economy? KAHURANGI CARTER to the Minister for Disability Issues: Does she agree with the findings of the Youth MP Parliamentary Working Group report that disabled people, especially disabled students, are consistently failed by our system; if not, why not? CATHERINE WEDD to the Minister responsible for RMA Reform: What recent updates has he given about the Fast-track Approvals Act 2024? Hon WILLIE JACKSON to the Minister for Social Development and Employment: Does she stand by her target of reducing jobseeker numbers by 50,000; if so, is the target closer or further away from being achieved? Dr VANESSA WEENINK to the Minister of Education: What recent announcements has she made regarding school property? DEBBIE NGAREWA-PACKER to the Minister of Health: What specific Maori health outcomes, if any, will improve as a result of his proposed changes to the Pae Ora (Healthy Futures) Act 2022? Hon GINNY ANDERSEN to the Minister for Infrastructure: What is his plan to ensure there is the workforce to deliver the infrastructure pipeline, and how does it address the fact that more than a quarter of builders say they don't have enough staff to meet future needs? TEANAU TUIONO to the Minister of Foreign Affairs: What new commitments, if any, has the Government made to protect Aotearoa New Zealand's marine environment following the United Nations Ocean Conference in France last month? MIKE BUTTERICK to the Minister for Trade and Investment: What opportunities will New Zealand exporters have following the third reading of the United Arab Emirates Comprehensive Economic Partnership Agreement Legislation Amendment Bill yesterday? Hon PEENI HENARE to the Associate Minister of Housing: How have homelessness statistics changed in each major urban centre, according to the Homelessness Insights report he received in June 2025, both in absolute numbers and percentage terms, when comparing the most recent reporting period to the previous one?
In Voyagers: The Settlement of the Pacific (Apollo, 2020), the distinguished anthropologist Nicholas Thomas tells the story of the peopling of the Pacific. In clear, accessible language Thomas shows us that most Pacific Islanders are in fact 'inter-islanders', or people defined by their movement across the ocean and between islands, rather than 'trapped' in islands in a far sea. Thomas also described the European discovery of the Pacific, and emphasizes the role Pacific Islanders played in teaching European explorers about the Pacific. 'European' knowledge of the Pacific, Thomas claims, was very much 'intercultural' and relied on indigenous Pacific knowledge of the region. In this episode of the podcast, Nick sits down with Alex Golub to discuss his book and the history of the Pacific. They talk about the influence of Epeli Hau‘ofa's writings on Nick's concept of 'inter-islanders' and discuss the complexities of intercultural contact in the nineteenth century Pacific which are exemplified by 'Tupaia's Chart' -- the map made for Captain Cook by Tupaia, the Tahitian navigator who led Cook to Aotearoa/New Zealand. Overall, Voyagers is an excellent introduction to Pacific history which can be read by anyone with an interest in the Pacific. Associate professor of anthropology, University of Hawai‘i at Mānoa Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/history
In Voyagers: The Settlement of the Pacific (Apollo, 2020), the distinguished anthropologist Nicholas Thomas tells the story of the peopling of the Pacific. In clear, accessible language Thomas shows us that most Pacific Islanders are in fact 'inter-islanders', or people defined by their movement across the ocean and between islands, rather than 'trapped' in islands in a far sea. Thomas also described the European discovery of the Pacific, and emphasizes the role Pacific Islanders played in teaching European explorers about the Pacific. 'European' knowledge of the Pacific, Thomas claims, was very much 'intercultural' and relied on indigenous Pacific knowledge of the region. In this episode of the podcast, Nick sits down with Alex Golub to discuss his book and the history of the Pacific. They talk about the influence of Epeli Hau‘ofa's writings on Nick's concept of 'inter-islanders' and discuss the complexities of intercultural contact in the nineteenth century Pacific which are exemplified by 'Tupaia's Chart' -- the map made for Captain Cook by Tupaia, the Tahitian navigator who led Cook to Aotearoa/New Zealand. Overall, Voyagers is an excellent introduction to Pacific history which can be read by anyone with an interest in the Pacific. Associate professor of anthropology, University of Hawai‘i at Mānoa Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network
In Voyagers: The Settlement of the Pacific (Apollo, 2020), the distinguished anthropologist Nicholas Thomas tells the story of the peopling of the Pacific. In clear, accessible language Thomas shows us that most Pacific Islanders are in fact 'inter-islanders', or people defined by their movement across the ocean and between islands, rather than 'trapped' in islands in a far sea. Thomas also described the European discovery of the Pacific, and emphasizes the role Pacific Islanders played in teaching European explorers about the Pacific. 'European' knowledge of the Pacific, Thomas claims, was very much 'intercultural' and relied on indigenous Pacific knowledge of the region. In this episode of the podcast, Nick sits down with Alex Golub to discuss his book and the history of the Pacific. They talk about the influence of Epeli Hau‘ofa's writings on Nick's concept of 'inter-islanders' and discuss the complexities of intercultural contact in the nineteenth century Pacific which are exemplified by 'Tupaia's Chart' -- the map made for Captain Cook by Tupaia, the Tahitian navigator who led Cook to Aotearoa/New Zealand. Overall, Voyagers is an excellent introduction to Pacific history which can be read by anyone with an interest in the Pacific. Associate professor of anthropology, University of Hawai‘i at Mānoa Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/world-affairs
In Voyagers: The Settlement of the Pacific (Apollo, 2020), the distinguished anthropologist Nicholas Thomas tells the story of the peopling of the Pacific. In clear, accessible language Thomas shows us that most Pacific Islanders are in fact 'inter-islanders', or people defined by their movement across the ocean and between islands, rather than 'trapped' in islands in a far sea. Thomas also described the European discovery of the Pacific, and emphasizes the role Pacific Islanders played in teaching European explorers about the Pacific. 'European' knowledge of the Pacific, Thomas claims, was very much 'intercultural' and relied on indigenous Pacific knowledge of the region. In this episode of the podcast, Nick sits down with Alex Golub to discuss his book and the history of the Pacific. They talk about the influence of Epeli Hau‘ofa's writings on Nick's concept of 'inter-islanders' and discuss the complexities of intercultural contact in the nineteenth century Pacific which are exemplified by 'Tupaia's Chart' -- the map made for Captain Cook by Tupaia, the Tahitian navigator who led Cook to Aotearoa/New Zealand. Overall, Voyagers is an excellent introduction to Pacific history which can be read by anyone with an interest in the Pacific. Associate professor of anthropology, University of Hawai‘i at Mānoa Learn more about your ad choices. Visit megaphone.fm/adchoices
In Voyagers: The Settlement of the Pacific (Apollo, 2020), the distinguished anthropologist Nicholas Thomas tells the story of the peopling of the Pacific. In clear, accessible language Thomas shows us that most Pacific Islanders are in fact 'inter-islanders', or people defined by their movement across the ocean and between islands, rather than 'trapped' in islands in a far sea. Thomas also described the European discovery of the Pacific, and emphasizes the role Pacific Islanders played in teaching European explorers about the Pacific. 'European' knowledge of the Pacific, Thomas claims, was very much 'intercultural' and relied on indigenous Pacific knowledge of the region. In this episode of the podcast, Nick sits down with Alex Golub to discuss his book and the history of the Pacific. They talk about the influence of Epeli Hau‘ofa's writings on Nick's concept of 'inter-islanders' and discuss the complexities of intercultural contact in the nineteenth century Pacific which are exemplified by 'Tupaia's Chart' -- the map made for Captain Cook by Tupaia, the Tahitian navigator who led Cook to Aotearoa/New Zealand. Overall, Voyagers is an excellent introduction to Pacific history which can be read by anyone with an interest in the Pacific. Associate professor of anthropology, University of Hawai‘i at Mānoa Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/australian-and-new-zealand-studies
In this episode of Pixelated Playgrounds, Bryan and Josh dive into Umurangi Generation, the vibrant, potent, and subversive photography game from Māori developer Naphtali Faulkner. Set in a near-future Aotearoa (New Zealand) under invasion and authoritarian control, the game asks players not to save the world, but to document its unraveling. Bryan and Josh explore how Faulkner's anger at systemic failure, fueled by the bushfires and pandemic response, shapes the game's unapologetic aesthetics, themes, and searing environmental storytelling. From graffiti-covered skate parks to militarized train stations, every frame you capture is an indictment, not an escape.Bryan and Josh also discuss Umurangi Generation's unique take on photography as play, protest, and preservation. Through its deliberately clunky movement, time-bound challenges, and varied levels, the game interrogates the tension between art and commerce, beauty and collapse. As Māori language and culture saturate its design, Umurangi Generation's world feels deeply personal and localized, yet globally resonant. This isn't a story of revolution or heroism—it's a quiet, furious insistence on witnessing collapse. Join us as we unpack how Umurangi Generation turns a camera into a weapon of truth in a world on the brink.Show Notes:Interview containing the Quote Bryan shared: The Umurangi Generation is Asking You To CareThree Word Reviews:Bryan - Documenting the FallJosh - Afraid of Judgement
Pomegranate Health marks ten years of podcasting since its launch in June 2015. This episode will be one of two samplers that dip into the back catalogue of 131 episodes to showcase some of the most compelling stories. You'll hear how podcast themes are identified from all the domains of medicine and professionalism. And a little bit about the motivations of long-time producer and presenter, Mic Cavazzini.Pomegranate Health has several thousand listeners in over 150 countries. Three quarters of listeners are, predictably, in Australia and Aotearoa-New Zealand, but a full 14 per cent are located outside the traditional anglosphere. RACP is proud to provide this platform to showcase the great work and dedication of its members. It's also a place where physicians can learn from the other professionals and patient advocates that make up the health system. Sampled in this retrospective episode:Prof Meera Agar from Ep22: Early days for medicinal cannabisDr Paul Drury and Prof Sophia Zoungas from Ep41: Targeting DiabetesProf Rinaldo Bellomo from Ep70: Zeroing in on “the renal troponin”Dr Nic Szecket and Dr Art Nahill from Ep32: Cognitive biases in diagnostic thinkingProf Ian Harris and Assoc Prof Louise Stone from Ep25: Dealing with Uncertainty Part 1Dr Danielle Ofri from Ep38: Making a ConnectionMichael Pooley as Dr David Hilfiker from Ep75: Feeling guilty- Medical Injury Part 2 CreditsProduced by Mic Cavazzini DPhil. Music licenced from Epidemic Sound includes ‘Le Hustle' by Polyrhythmics, ‘Your Wave' by Cospe, ‘Soul Single Serenade' by Dusty Decks, ‘Hollow Head' by Kenzo Almond and ‘Illusory Motion' by Gavin Luke. Music courtesy of FreeMusicArchive includes ‘I got 99 broadswords but this one isn't one' and ‘Friends' by Komiku and ‘Cree' by Satellite Ensemble. Thumbnail image is the copyright of RACP. Editorial feedback kindly provided by RACP physicians Zac Fuller and Simeon Wong. Thanks also to RACP staff Kathryn Smith, Michael Davidson and Anne Fredrickson. Please visit the Pomegranate Health web page for a list of thankyous over the ten years. Subscribe to new episode email alerts or search for ‘Pomegranate Health' in Apple Podcasts, Spotify, Castbox or any podcasting app.
Rev Jacynthia Murphy is of Māori descent and serves in a Pākehā parish. In this conversation with Rev Silvia Purdie and the Field Notes hosts she discusses her indigenous perspective on faith and her passionate environmentalism. She is one of the women featured in “Awhi Mai Awhi Atu: Women in Creation Care,” edited by Silvia (Philip Garside Publishing, 2022). Silvia is a counsellor and pastoral theologian who offers training for environmental sustainability and is communicates extensively about the mental health impacts of the climate crisis.
Every tree in Aotearoa New Zealand's forests is about to be tracked - from space. A New Zealand data science company has just been award a million dollars from MBIE.
Aotearoa/New Zealand artist Marlon Williams spent five years on his latest album, Te Whare Tīwekaweka, which is entirely in the Māori language. The release coincides with the current New Zealand coalition government limiting the use of the Indigenous language in the public service, and the suspension of three MPs who performed a Māori haka in protest of a bill which has been criticised as reversing Indigenous rights. Marlon Williams speaks to Reged Ahmad about singing in his first language on the international stage, and performs a song from the album in the Guardian Australia studio You can support the Guardian at theguardian.com/fullstorysupport
Gareth Hughes is a former Member of Parliament, political commentator, author, and passionate advocate for economic transformation. With a decade of experience in Parliament representing the Green Party, Gareth held key roles including Party Whip, strategist, and Chair of the Social Services and Community Select Committee. Before his time in politics, Gareth led climate campaigns with Greenpeace, helping to drive awareness and action on critical environmental issues.Gareth now serves as Director of WEAll Aotearoa Wellbeing Economy Alliance, a Te Tiriti-led, non-partisan ‘think and do' tank focused on reimagining Aotearoa New Zealand's economy to prioritise the wellbeing of people and te taiao (the natural world). Through research, advocacy, and coalition-building, the WEAll Aotearoa team are helping to shape a future where thriving communities and ecosystems are at the heart of economic decision-making.In this episode, we discuss:Gareth's journey from climate activism to Parliament to economic systems changeHow his personal and political experiences shaped a deep commitment to systemic economic changeWhy the current economic model is failing—and why change is urgentWhat a well-being economy really means (and what it's not)Challenging common myths about economic growth and prosperityWhy Aotearoa needs an economy that works for everyone, within planetary boundariesThe mission and work of WEAll Aotearoa—empowering communities, policymakers, and businesses to co-create changeThe Wellbeing Economy Alliance—a global movement, now in 19 countriesTools and frameworks for action, including the Wellbeing Economy Policy Design GuideBusiness as a force for goodGareth's nationwide listening tour—hearing how everyday New Zealanders want the economy to workBarriers to shifting the system, and how we can overcome themWhat success could look like, and Gareth's message of hope and actionHow you can support WEAll Aotearoa and get involved in the movementGareth offers a hopeful, grounded, and inspiring conversation about how we can reimagine the economy to truly serve both people and the planet.To view all the links to the websites and documents, visit the show notes on our website.Please support our work and enable us to deliver more content by buying us a coffee or becoming a member of Athletes for Nature.Follow us on Instagram, Facebook and Bluesky, subscribe to this podcast, and share this episode with your friends and family.
Around half of people with migraine disease turn to non-medication treatments to ease their symptoms, new research has revealed. The Migraine in Aotearoa New Zealand survey from University of Otago researchers asked participants about supplements and treatments they've used including magnesium and vitamin B2 or meditation, yoga and massage. Dr Fiona Imlach is an epidemiologist at the Department of Public Health at the University of Otago and founder of charity Migraine Foundation Aotearoa New Zealand. She says there is no one-size-fits-all approach to migraine treatment and that while there are some treatments out there that are not recommended, many non-pharmacological approaches can actually help - they just aren't available here.
Cherida Fraser, Wellington co-ordinator for the Aotearoa New Zealand sex workers collective spoke to Lisa Owen about how the Prime Minister has ordered a review of vetting processes for parliamentary staff after his Deputy chief press secretary Michael Forbes quit following allegations he recorded intimate audio of sessions with sex workers and was in possession of intrusive photos of women. There were dozens of photos and footage on the former staffer's phone and some appear to have been recorded in public places and shot through windows at night.
Celebrating 500 episodes! What's my favorite thing about podcasting? Listen in! And then you'll love this gorgeous chat on magic, listening for the yes, and tuning into what YOU need as a writer. Iris Beaglehole is the enchanting author of the spellbinding Myrtlewood Mysteries series. As a self-identified druid, witch, and aspiring astrologer, Iris weaves magic into her stories and takes readers on a thrilling journey to the mystical town of Myrtlewood. When she's not crafting her fantastical stories, Iris can be found sipping tea with her feline companions and tending to her herb garden in Aotearoa New Zealand.