Podcasts about AUC

Dhineli Perera talks to pharmacists Amy Legg and Tony Lai about their paper on the safe and effective use of vancomycin. They discuss the evolution of vancomycin therapeutic drug monitoring, including trough concentrations, and demystify AUC monitoring. They cover current recommendations, including targets for drug efficacy and safety, and priority patient groups. Read the full article by Amy, Tony, and their co-authors, in Australian Prescriber.

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 the hot-war tensions in the Middle East from Israel's attack on Iran has generated substantial financial market reaction. And a 'hot' war between Israel and Iran could go on for a very long time. The first three days may only be the startThe gold price has jumped. The oil price has soared. Equity prices are falling, although the futures market suggests Wall Street may open tomorrow unchanged. Bond yields are up after an earlier risk-aversion fall. The US dollar has been falling but is now in a wavering phase.Coming up this shortened week locally are a first look at May inflation with the selected price indexes, and on Thursday, Q1-2025 GDP. Expect a +0.7% expansion from Q4-2024. And there will be a full dairy auction on Wednesday.Geopolitical tensions in the Middle East will remain in focus next week following Israel's strike on Iran's nuclear facilities, heightening fears of a broader regional conflict. Markets will also be closely watching any progress on trade negotiations between the US and its key partners.Meanwhile, attention shifts to the G7 Summit in Canada, where leaders of the world's largest economies will meet to discuss major global challenges. But one not on the formal agenda is the US's trade war with these allies. Of course it will be a hot topic in non-official discussions. Of special interest will be the meeting between Australia's Albanese and Trump.It's also a busy week for monetary policy decisions. The US Federal Reserve (4.50%), People's Bank of China (LPR 3.0%), Bank of Japan (0.5%), and Bank of England (4.25%) are all expected to keep interest rates unchanged. Decisions are also due from central banks in Switzerland, Sweden, Norway, Turkey, Brazil, Indonesia, the Philippines, and Taiwan. On the data front, we get China's industrial production and retail sales, and Japan's trade data.Australia's May labour market data will be updated on Thursday. So a lot to absorb this week irrespective of the uncertainties swirling over the hot wars.Bur first in China, their banks extended ¥620 biln in new yuan loans in May, up from ¥280 bln in April, but that was the lowest level for that month since 2005. Despite the monthly rebound, the May new loan figure was way less than the expected ¥850 bln, and even lower than the ¥950 bln in May 2024. Low interest rates are not encouraging lending. The average rate in May was little-changed at 1.55%.Japanese industrial production also fell in April from March, down -1.1%, but remained +0.5% higher than a year ago.Malaysian retail sales were up +4.7% in April from a year ago, but as good as that sounds it is the weakest year-on-year rise since May 2023. And these gains are before inflation, which is running in Malaysia at only +1.4%.In the US was news American consumer sentiment improved in early June from May in the widely-followed University of Michigan survey which was taken June 2-7, 2025. Although this is the first improvement in the past six months, it is off a record low and is still -11% lower than year-ago levels. This survey pre-dates the current crises. And it predates the widespread (2000+) series of well-attended protest rallies in the US (attended by up to 5 mln people), even in the face of an assassination of one Democrat lawmaker and the attempted assassination of another. Given the Proud Boys Telegram chatter, this isn't so surprising.On the US West Coast, container traffic at the large Los Angeles shipping terminals fell in May. Import traffic was down -19% from April, down -9% from a year ago. Export loadings were down -5% from a year ago. (The Long Beach May data isn't available yet but it is likely to be similar.)North of the border, and perhaps somewhat surprisingly, Canadian vehicle purchases rose in April to 195,700, the highest level since June 2019. Perhaps this is boosted by buyers wanting to avoid tariff-related price hikes. The jump was country-wide and was +11% above the year-ago level.Meanwhile Canadian manufacturing sales fell -2.8% in April, with the tariff impacts starting to be felt. It was down -2.7% from a year ago. Recession risks are rising in Canada.EU industrial production sagged in April from March after a strong March gain, but managed to stay marginally higher than year-ago levels. The EU publishes this data on a volume basis, so this is a 'real' gain.Finally we should probably note that the price of lithium carbonate has now crashed -90% from its giddy height in 2022. It is now back to late 2020 levels before the frenzy.The UST 10yr yield is now at 4.41%, and unchanged from Saturday.The price of gold will start today at US$3,430/oz, and down -US$3 from Saturday but up +US$115 from a week ago. In contrast the silver price at US$36.17/oz is little-changed from a week ago.American oil prices are holding higher, although down -50 USc from Saturday at just on US$73/bbl while the international Brent price is now just under US$74.50/bbl. These are large jumps from a week ago on the war risks. And the full assessment of supply risks are not yet understood, so this price could be volatile this week.The Kiwi dollar is now just under 60.2 USc, down -10 bps from Saturday. Against the Aussie we are unchanged at 92.7 AUc. Against the euro we are down -10 bps at 52.1 euro cents. That all means our TWI-5 starts today at over 67.9 and down -20 bps from Saturday (shifted a bit by a fall against the British pound).The bitcoin price starts today at US$105,794 and up +0.6% from Saturday. Volatility over the past 24 hours has been low at just on +/-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.

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 incoherent trade policies have driven the US dollar to its lowest level since 2022 as markets don't see any easing of geopolitical risks driven out of Washington. The US said it will set unilateral tariff rates on most trading partners at the end of the month.Meanwhile, US initial jobless claims came in at 245,000 last week, little-changed from the prior week. This embeds the recent higher level and extends the 2025 rising trend. We haven't seen two consecutive high-claims weeks since mid 2023. There are now 1.8 mln people on these benefits, +7.1 more than year-ago levels.The immigration crackdown on undocumented farm and hospitality workers is having ripple impacts on corporate America, with some major brands reporting stuttering sales.And the Congressional Budget Office has set out how the Trump Budget Bill will hurt middle and poor Americans, and enrich wealthy ones. It is a report sure to annoy the President.And he is already annoyed by the Fed not cutting interest rates.Separately, as analysts expected, US producer prices came in +2.6% higher in May than a year ago.The UST 30yr bond auction today saw a -7.5% fall in investor demand, mirroring the -10% drop in support we noted yesterday in the UST 10yr auction. The median yield came in at 4.80%, up from the 4.75% at the prior equivalent event a month ago.Elsewhere, India's CPI inflation fell to 2.8% in May from 3.2% in April and dipping below analyst expectations of 3%. This is their lowest reading since February 2019, so a six year low. It is also getting closer to the bottom of their central bank's inflation target range of 2%-6%. Food price rises fell to the lowest level since October 2021, and drove the easing.In Australia, the Melbourne Institute survey for June shows inflation expectations there rising to 5.0%, the highest level since July 2023 and up sharply from the 4.1% in May.International container freight rates were unchanged last week from the prior week to now be -26% lower than year-ago levels. A year ago rates were in a strong rising trend which lasted until July, then they eased steadily until May 2025. Bulk freight rates rose +6.8% last week from the week before to their highest level since early November. They are now -5.2% lower than year ago levels.The UST 10yr yield is now at 4.36%, and down -6 bps from this time yesterday.The price of gold will start today at US$3,383/oz, and up +US$60 from yesterday.American oil prices are up another +US$1.50 at just over US$68.50/bbl while the international Brent price is now just over US$69.50/bbl.The Kiwi dollar is now just over 60.6 USc, up +20 bps from yesterday. Against the Aussie we are also up +20 bps at 92.9 AUc. Against the euro we are down -20 bps at 52.4 euro cents. That all means our TWI-5 starts today at under 68.3 and essentially unchanged from yesterday.The bitcoin price starts today at US$108,419 and down -0.6% from yesterday. 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 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 China and the US seem to have agreed some sort of trade deal although the details are still quite fuzzy. However a key part seem to be that the US will only get access to the rare earth minerals on a 180 day rolling basis. That means Beijing will retain key leverage over these negotiations as they develop.From data out in the US, CPI inflation was recorded at 2.4% in May, up marginally from 2.3% in April but coming in lower than the +2.5% expected. Food prices however were up +2.9%, rents up +3.9% in this survey. The only reason the overall level was modest is that petrol prices fell -3.5% from a year ago.Interestingly, US crude oil prices were near a one-year high a year ago at US$78/bbl. Today they are at US$67/bbl. But they have fallen steadily from there so after August it seems likely that US petrol prices will generate upward pressure on their CPI, just about at the time tariff-tax flow throughs start to bite. Could get "interesting" in about 90 days.Meanwhile US mortgage applications jumped more than +12% last week from the prior weak three weeks. It is a pattern we have observed since September - three weeks of declines followed by a single week of recovery, usually because those holding off refinancing while waiting for rates to fall can't wait any longer. The benchmark 30 year fixed rate was unchanged last week at 6.93% plus points.There was another US Treasury 10 year bond tender earlier today, and this one featured an outsized fall in demand. There were more than -10% less bids than at the prior equivalent event. The median yield achieved was 4.38% today, up from 4.28% at that prior equivalent event.This is the first time we have seen a big fall-off in demand in these official tenders, so it will be worth keeping an eye on it going forward to see if this is a one-off, or the feared pullback in investor appetite for Trump-debt.At the same time, the US Budget Statement for May showed a monthly deficit of -US$316 bln, only marginally less than the -US$346 bln for the same month a year ago. Higher tariff collections at the border are getting the credit, of US$23 bln in the month. That would mean the DOGE has had zero impact on the budget. They have booked a -US$2 tln deficit in the twelve months to May, and on track for more than that for their fiscal year to September. If the current Budget Bill passes with its tax cuts for the rich, and suspension of the debt ceiling, you can see why investors would want sharply higher risk premiums for holding US federal debt when the mismanagement is so rife.In Canada, April building consents came in -6.6% below March levels to be -16% lower than year ago levels (which featured a strong April 2024 surge).In China, May vehicle sales came in at almost 2.7 mln units in the month with almost half of them NEVs. That puts sales for the past year at a remarkable 32.7 mln, and more than double the level in the US (15.6 mln units in the past year). One key reason is the Beijing-backed trade-in incentives that are designed to support their manufacturing activity through the tariff-war and their drive to build and rely more on internal consumption. It seems to be working with this incentive in place, but can they wean themselves off it?The UST 10yr yield is now at 4.42%, and down -5 bps from this time yesterday. The price of gold will start today at US$3,323/oz, and virtually unchanged from yesterday.American oil prices are up +US$2 at just over US$67/bbl while the international Brent price is now just under US$69/bbl.The Kiwi dollar is now just over 60.4 USc, basically holding from yesterday. Against the Aussie we are also holding at 92.7 AUc. Against the euro we are down -30 bps at 52.6 euro cents. That all means our TWI-5 starts today at under 68.3 and down about -10 bps from yesterday.The bitcoin price starts today at US$109,115 and up +0.4% from yesterday. Volatility over the past 24 hours has remained low at just on +/-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.

Stéphane Bern dévoile l'histoire d'un ouvrage pas comme les autres, un manuscrit rare qui se dévoile lui-même au musée Condé du Château de Chantilly : "Les Très Riches Heures du duc de Berry", considéré comme la « Joconde » des manuscrits, le « roi des livres d'heures » qui, en plus d'être un livre de prières, est aussi un livre… d'Histoire ! Ce manuscrit a-t-il participé à la légende autour du duc de Berry ? En quoi "Les Très Riches Heures du Duc de Berry" est-il l'une des œuvres fondatrices de l'histoire de l'art occidental ? Comment expliquer l'engouement qui existe toujours aujourd'hui autour de cet ouvrage hors du commun ? Pour en parler, Stéphane Bern reçoit Mathieu Deldicque, conservateur en chef du patrimoine et directeur du musée Condé au Château de Chantilly qui propose l'exposition "Les Très Riches Heures du Duc de Berry" jusqu'au 5 octobre 2025. Au Cœur de l'Histoire est réalisée par Loïc Vimard. Rédaction en chef : Benjamin Delsol. Auteure du récit : Marine Guiffray. Journaliste : Clara Leger. Distribué par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.

Stéphane Bern dévoile l'histoire d'un ouvrage pas comme les autres, un manuscrit rare qui se dévoile lui-même au musée Condé du Château de Chantilly : "Les Très Riches Heures du duc de Berry", considéré comme la « Joconde » des manuscrits, le « roi des livres d'heures » qui, en plus d'être un livre de prières, est aussi un livre… d'Histoire ! Ce manuscrit a-t-il participé à la légende autour du duc de Berry ? En quoi "Les Très Riches Heures du Duc de Berry" est-il l'une des œuvres fondatrices de l'histoire de l'art occidental ? Comment expliquer l'engouement qui existe toujours aujourd'hui autour de cet ouvrage hors du commun ? Pour en parler, Stéphane Bern reçoit Mathieu Deldicque, conservateur en chef du patrimoine et directeur du musée Condé au Château de Chantilly qui propose l'exposition "Les Très Riches Heures du Duc de Berry" jusqu'au 5 octobre 2025. Au Cœur de l'Histoire est réalisée par Loïc Vimard. Rédaction en chef : Benjamin Delsol. Auteure du récit : Marine Guiffray. Journaliste : Clara Leger. Distribué par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.

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 we are still waiting for indications of the China-US trade talks in London.Meanwhile, the World Bank said global trade expansion is now at its weakest since 2008 as the tariff tit-for-tat undermines it. They say without a swift course correction, "the harm to living standards could be deep". But they still see a global expansion of +2.3%, largely driven by China, Indonesia, Thailand and India. The retreat of growth in the US will be sharp they say halving in 2025 (+1.4%) from 2024 (+2.8%). The EU will be largely unaffected and maintain their low growth. Japan's low growth is expected to rise in the next three years. They don't review Australia or New Zealand.Elsewhere, the overnight dairy Pulse auction brought downbeat results. The key WMP price fell -1.1% in a retreat expected by the derivatives market. But even at this level it remains in the rising trend that started in mid-2024. However, the SMP price fell a hard -4.8% and much more than expected. In fact, SMP prices have now broken through their weak rising trend, and look quite vulnerable.Also showing signs of running out of steam were US retail sales growth as measured by their Redbook survey. They were up +4.6% from the same week a year ago, the weakest rise since March 2024. After inflation, this isn't any better.The the US NFIB small business optimism survey turned up in May, the first time it has done that in 2025.There was a US Treasury 3 year bond auction earlier today and that showed a small fall-off in support, something worth watching. The winning investors got a median yield of 3.92%, up from the 3.77% at the prior equivalent event a month ago.Across the Pacific, Japanese machine tool orders came in at a similar level in May as April, but that is only a +3.4% gain from the same month a year ago. It was kept positive by export orders, although domestic orders, which had been strong earlier in the year, are now cooling.In China, concerns persist about overproduction in their car manufacturing sector even though local new-vehicle sales overall, including exports, rose almost +10% in April. Those concerns are rippling through commodities that supply this juggernaut industry. Rubber prices, for example, are being hit hard as buyers lose confidence the China car industry can avoid a crash like the property sector. There are signs the government there is worried too, with Beijing telling carmakers to make sensible commercial decisions.In Australia, the Westpac-Melbourne Institute consumer sentiment survey wasn't particularly upbeat, coming in little-changed in June from May. But at least it isn't going backwards. Aussie consumers remain relatively averse to real estate as an investment option and to risk in general. Indeed, responses to a question on the ‘wisest place for savings' suggest that the tariff-related turmoil this year has seen what was already a high level of risk aversion intensify even further.And staying in Australia, the closely-watched NAB business sentiment survey has improved marginally in May, recording its first positive reading in four months. But, business conditions weakened in this survey and it will be hard for sentiment to improve if business conditions get weaker. Those weaker conditions came from ongoing profitability pressures and soft demand, with signs of a further softening in labour demand.The UST 10yr yield is now at 4.47%, and down -2 bps from this time yesterday.The price of gold will start today at US$3,323/oz, and down -US$10 from yesterday.American oil prices are little-changed at just on US$65/bbl while the international Brent price is now just on US$67/bbl.The Kiwi dollar is now at 60.4 USc, and dipping -10 bps from yesterday at this time. Against the Aussie we are also down -10 bps at 92.7 AUc. Against the euro we are down -10 bps at 52.9 euro cents. That all means our TWI-5 starts today at under 68.4 and down a bit less than -10 bps from yesterday.The bitcoin price starts today at US$108,723 and up +0.4% from yesterday. Volatility over the past 24 hours has been low at just on +/-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.

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 and China are meeting in London to discuss China's block on exports of rare earth minerals that the US manufacturing sector needs. The hope is that the settlement will have the US pull back from its tariff-tax war. More likely, it will be a trade of US AI chips for Chinese rare earth minerals.In the background, the dismantling of civil society and the rule of law continues in the US, but you will have to get news of those overnight events elsewhere - even though they will have a corrosive impact on commerce.Our first item in the US is that consumer inflation expectations fell back in June to 3.2% for the year ahead, which wasn't what was expected. But a look at the components explains why. It was driven by the expectation that petrol prices will drop - on a weakening economy. On the other hand those surveyed expected food prices to rise to 5.5% which is a two year high, rents by 8.4%. The expectation that their jobless rate will rise remained high.And we should probably point out that analysts are noting that the UST 10 year yield (4.5%) is now well above the US nominal GDP growth rate (3.8%) for the fits time since 2011, and that is seen as a signal that corporate insolvencies will now rise noticeably after a long period of relative stability.China said its CPI price change held at -0.1% of deflation. That is the third month in a rose it has reported that, the fourth recording deflation. It does seem odd, and a tad unlikely, that Chinese consumer prices are consistently deflating at such a low level. Anecdotal observations talk of 'raging price wars'. According to the official data these are having zero impact. Year-on-year they say beef prices are down -0.1%, lamb prices are down -2.8% and milk prices are -1.5% lower. But beef prices did rise in May from April, according to this data.Meanwhile Chinese producer prices deflated more, down -3.3% from a year ago to their fastest rate of decline since July 2023.And China booked another bumper trade surplus in May. Exports rose +4.8% (about what was expected but historically low), while imports fell -3.4% and far more than expected. They benefited from the TACO trade in May. Their surplus with the US was +US$18 bln for the month although they did export less and import more. To New Zealand, they exported -3% less but imported +11% more, so our surplus rose. To Australia, their exports were little-changed but they imported almost -19% less in May.In Taiwan, they far outshone their neighbour and rival with a huge rise in exports (a new record high) and a large rise in imports from the same month a year ago. That contributed to a trade surplus of +US$12.6 bln in the month, now one eighth that of China even though their economy is only one twentieth as large.The UST 10yr yield is now at 4.49%, and down -2 bps from this time yesterday. The price of gold will start today at US$3,334/oz, and up +US$26 from yesterday.American oil prices are firmish, up +50 USc at just on US$65/bbl while the international Brent price is just under US$67/bbl.The Kiwi dollar is now at 60.5 USc, and up +30 bps from yesterday at this time. Against the Aussie we are up +10 bps at 92.8 AUc. Against the euro we are up +20 bps at 53 euro cents. That all means our TWI-5 starts today at over 68.4 and up +20 bps from yesterday.The bitcoin price starts today at US$108,312 and up +1.9% from yesterday. Volatility over the past 24 hours has been modest at just on +/-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 that despite the Trump-generated spectacle of intimidation and violence in Los Angeles against immigrant communities, the economic news has been contained.This coming week is not a big one for local data releases, but in Australia we will get updated surveys of both consumer (Westpac/MI), and business (NAB) sentiment surveys. Not a lot of change is expected in either.There will be a June update of American consumer sentiment from the widely watched University of Michigan. And we will get CPI updates for May from both the US (expect a small rise to 2.5% (and China (expect slightly deeper deflation at -.2%). India will also release May CPI data (expect little change).The Chinese will also release export and import data. Japan will update its machine tool order data. And Germany will release some wholesale price data too.Over the weekend, and in something of a relief, the US May non-farm payrolls growth came in at +139,000, little different to the expected +130,000 and only a minor retreat from the +147,000 growth in April. But that is a bit below the average for 2024 and well below the average for 2023, and the lowest expansion for a May since 2020. In data not seasonally adjusted, it was the lowest since 2016. The US labour market seems to be plateauing after a rather strong recovery in the prior four years.Average US weekly earnings rose +3.9% in May from the same month a year ago, similar to earlier 2025 months and the same as the average for a May over the past ten years. The jobless rate was unchanged at 4.2%.But hiring freezes and production cutbacks seem to be the themes coming out of corporate America. The landscape for reshoring isn't good, apparently.And the data is becoming clearer that foreigners are avoiding the US as a travel destination, and not just Canadians, with anti-American sentiment on the rise in Europe too. Companies like Airbnb, Booking.com and Expedia all said that their financial results will be weaker than expected because of the softening demand.Total US consumer credit rose by +US$18 bln in April or +4.3%, up from a +$10 bln increase in March and better than expected. So this expansion, while modest, is back to a 'normal' pace. Revolving credit (credit cards) increased at an annual rate of +7%, while nonrevolving credit (car loans and similar) rose at a letter 3.3% rate.There was May Canadian labour market data out over the weekend too. Somewhat surprisingly, that delivered an expansion of +8,800 jobs when a -15,000 reduction was anticipated. Even better, +57,700 new full-time jobs were added in May balanced by a reduction of -48,800 part-time jobs. So, overall a rather surprising net gain.However, their jobless rate rose to 7%, the first time it has hit that level since 2016 (apart from the pandemic), so that probably raises the chance of a rate cut at their next review at the end of July.In Japan, the level of central bank bond buying tapering continues to raise concerns and undermine demand by other potential investors. It is also raising questions about the value of the yen. There is elevated debate about the right level from here and the central bank may have to slow its tapering operation. The void their tapering is leaving is not being filled by the private sector. And that could seriously twist Japanese interest rates.Late on Friday, the Indian central bank cut its policy rate again, with an outsized -50 bps cut to 5.5% when a -25 bps trim was expected. That makes it a full -100 bps reduction since February. They say the outsized move was required by the combination of fast- easing inflation and ongoing uncertainty surrounding global trade tensions.The Russian central bank also surprised with a rate cut when one wasn't expected. It cut -100 bps to 20% under Kremlin pressure, and claiming that "inflation is under control".EU retail sales for April came in surprisingly strong. They report these on a volume basis and were +2.8% higher than in April 2024. Only a +1.4% expansion was expected, and the March expansion was +1.9%. So a great result for them. Most other countries are not getting inflation-adjusted retail growth anything like this.Today is a public holiday in Australia, so our markets will be quiet.Meanwhile, both sides seem to be gearing up for trade talks between China and the US - in London.The UST 10yr yield is now at 4.51%, and unchanged from Saturday, up +9 bps for the week. The price of gold will start today at US$3,308/oz, and down -US$10 from Saturday. That is up +US$24 from US$3294/oz a week ago.American oil prices are holding at just on US$64.50/bbl while the international Brent price is still the same at just on US$66.50/bbl.The Kiwi dollar is now at 60.2 USc, and unchanged from Saturday at this time. Against the Aussie we are also unchanged at 92.7 AUc. Against the euro we are still at 52.8 euro cents. That all means our TWI-5 starts today at just on 68.2 and unchanged from Saturday.The bitcoin price starts today at US$106,270 and up +1.5% from Saturday. Volatility over the past 24 hours has been low at just under +/-0.6%.You can get more news affecting the economy in New Zealand from interest.co.nz.

Stéphane Bern raconte, à la veille de la visite d'État du président Macron sur le rocher, la crise diplomatique qui, en 1962, a opposé le Prince Rainier III au général De Gaulle dans un bras de fer qui a failli bien remettre en cause les liens historiques entre la France et la principauté… À quand remontent les toutes premières tensions qui opposent la France à Monaco ? Quelles ont été les conséquences de ce conflit ? Pourquoi la principauté de Monaco n'est-elle jamais devenue totalement indépendante ? Pour en parler, Stéphane Bern reçoit Pierre Fabry, historien et auteur de "Histoire de Monaco" (Passés Composés). Au Cœur de l'Histoire est réalisée par Guillaume Vassseau. Rédaction en chef : Benjamin Delsol. Auteur du récit : Eloi Audoin-Rouzeau. Journaliste : Clara Leger.Distribué par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.

Stéphane Bern raconte, à la veille de la visite d'État du président Macron sur le rocher, la crise diplomatique qui, en 1962, a opposé le Prince Rainier III au général De Gaulle dans un bras de fer qui a failli bien remettre en cause les liens historiques entre la France et la principauté… À quand remontent les toutes premières tensions qui opposent la France à Monaco ? Quelles ont été les conséquences de ce conflit ? Pourquoi la principauté de Monaco n'est-elle jamais devenue totalement indépendante ? Pour en parler, Stéphane Bern reçoit Pierre Fabry, historien et auteur de "Histoire de Monaco" (Passés Composés). Au Cœur de l'Histoire est réalisée par Guillaume Vassseau. Rédaction en chef : Benjamin Delsol. Auteur du récit : Eloi Audoin-Rouzeau. Journaliste : Clara Leger.Distribué par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.

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 US Republicans are becoming more like the CPC than they probably realise.But first, there were 209,000 initial jobless claims in the US last week, a small decrease from the prior week but less of a decrease seasonal factors would have assumed. That resulted in the widely reported seasonally adjusted level to jump to its highest in eight months. There are now 1.757 mln people on these benefits, almost +100,000 more than at this time last year.That level may grow. The Challenger job cut report came in with another outsized count for May, and were up +47% over the same in 2024. They say layoff activity is now spreading to other sectors than just the Federal government.US exports rose slightly in April, enough to claim an all-time record high. And as expected, actually a bit more than expected, US imports fell sharply after the March pre-tariff splurge. The average of March and April was about the same level they recorded in each of January and February 2025. For April 2025, the US$350 bln in imports were little-different to the April 2024 level of US$340 bln. It only looks like a big drop because of all the front-loading generated by tariff-tax uncertainty.We should note that US data reliability may become more like Chinese data - heavily influenced by politics. In a random note, the BLS said it isn't going to survey prices as deeply anymore, which could mean "inflation" will be what the Administration says it is. They are also shifting that statistics agency to be under Howard Lutnick's control. And the Republicans have gone on the attack at the bipartisan Congressional Budget Office for saying their new Budget will swell their deficit by US$2.4 tln. The employees who released that are being laid off. They will be replaced with more compliant analysts.Meanwhile, there has been a phone call between China president Xi and US President Trump. But is seems to have achieved little other than agreement for more talks. However, mutual visits are a likely result, and the set-piece opportunities may give Xi an opportunity to get Trump to "chicken out".North of the border, Canadian exports fell more than -10% while their imports fell -3.5% in April. Again, the same trade and tariff-war factors are at play here, and that has resulted in a record trade deficit for them.In China, the Caixin China General Services PMI rose in May from April's seven-month low and in line with market forecasts of only a very modest expansion. This survey shows a small uptick in new business and activity, despite a renewed decline in new export orders. New export orders fell for the first time in 2025, dampened by Trump's tariffs. The official Chinese services PMI also showed a modest expansion, one weaker than this Caixin version.In Taiwan, their inflation rate eased to 1.6% in May from 2.0% in April, and that is its lowest rate since March 2021. They are back to about what it was running in the years prior to the pandemic.Singapore released April retail sales data and that showed virtually no expansion there. Over the past six months, their retail activity has been quite unstable in its ups and downs.As expected, the ECB cut its key interest rates by -25 bps at its overnight meeting, to 2.15%. Updated inflation and economic forecasts show eurozone inflation is near their 2% target, with projections showing 2.0% in 2025 (vs 2.3% previously), 1.6% in 2026 (vs 1.9% previously), and 2.0% in 2027. They say their expansion is being held back by global events but all the same they see their combined economy expanding slightly faster over the next three years.Australia's exports rose +2.1% in April from the same month a year ago. Their imports were up +3.5% on the same basis. The result was a sharp weakening in their merchandise trade surplus, as you might have expected. It would have been worse if their gold exports had not come in +48% higher than year ago levels in April. The longer term view of the year to April 2025 compared to the year to April 2024 saw exports down -5.2% and imports up +2.7% showing the balance is tightening over the longer term too.Household spending in Australia in April was flat. But spending on recreational and cultural activities, health, and dining out contributed to a +1.5% rise in services spending, while spending on goods fell by -1.1%, with households buying less clothing and footwear and new vehicles.Last week, container freight rates jumped an outsized +41% from the prior week, with capacity struggling to cope with the sudden Trump tariff-tax pause and a new rush to beat what might happen in 90 days. It was impossible for shipping lines to adjust capacity for this unexpected shift. The largest rises were trans-Pacific rises, up almost +60%. Despite that, these container freight rates are now -25% lower than year-ago levels, although those year ago levels were in a sharp upswing that ran to mid-July 2024. Bulk cargo rates are also on the move up, gaining +9.5% in the past week.The UST 10yr yield is now at 4.39%, and up +4 bps from yesterday. Wall Street is weaker with the S&P500 down -0.7% in Thursday trade as confidence in public policy fades in a sudden Trump/Musk slanging match. The price of gold will start today at US$3,352/oz, and down -US$28 from yesterday.American oil prices are up +50 USc at just over US$63/bbl while the international Brent price is up the same at just over US$65/bbl.The Kiwi dollar is still at 60.4 USc, essentially unchanged from yesterday at this time. Against the Aussie we are also unchanged at just under 92.8 AUc. Against the euro we are up +10 bps at 52.9 euro cents. That all means our TWI-5 starts today at just on 68.3 and up +10 bps from yesterday.The bitcoin price starts today at US$103,373 and down -1.6% from 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 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 that poor American data has seen risk aversion rise in financial markets with the USD falling, benchmark bond prices rising (yields falling), many key commodity prices either falling or showing weakness, and Wall Street underperforming global markets.The poor data was important and widespread.US mortgage applications fell last week for a third week in a row, this time by a solid -3.9% from the prior week but is +18% higher than year ago levels, even if year ago levels were quite weak. The benchmark 30 year mortgage interest rate dipped last week which makes the application levels look even weaker.Meanwhile there was weakness in the US labour market. We get the non-farm payrolls report on Saturday (NZT) but the pre-cursor ADP Employment Report was out today and it was expected to show a +117,000 jobs gain in May. But in fact it only reported a +37,000 gain - and April data was revised lower. There is no evidence in this data that factories are hiring to meet reshoring demand.And the widely watched ISM services PMI isn't showing much optimism either, slipping into a small contraction, its first since June 2024 with all the post-election hubris now evaporated. A feature of this report is the sharpness of the 'new business' component fall.And staying in the US, vehicle sales tumbled in May, falling to an annual rate of 15.65 million units. That was well short of analyst's cut-down expectations of 16.3 million and the steepest monthly decline in nearly five years. In April, sales ran at a 17.25 million rate and that was itself below the 17.8 mln rate in March when buyers rushed to get ahead of anticipated tariff-tax price hikes. Although sales at a 15.65 mln rate isn't nothing, it does indicate the margins of this market is quite price sensitive.So it will be no surprise to know that the US Fed Beige Book for May paints an uninspiring picture in most regions. Half of the Districts reported slight to moderate declines in activity, three Districts reported no change, and three Districts reported slight growth. All District reports indicated that higher tariff rates were putting upward pressure on costs and prices.Things may not improve for the American. Trump is now whining that XI won't take his call. (But he did call Putin who took his call.) And China seems to be on the verge of signing a massive aircraft deal with Airbus, at the direct expense of Boeing.Finally, the Congressional Budget Office has calculated the fiscal impact of the big Trump Budget Bill - saying it will add US$2.4 tln to US deficits, the largest expansion of these deficits ever through gigantic tax cuts for the wealthy. It may be no surprise that Trump can't do basic math, but that the whole Republican congressional party votes for this type of economic damage is quite astounding.In Canada, their central bank review of monetary policy settings left the policy interest rate unchanged at 2.75%, as was expected. They have inflation at 1.7% and an economic expansion of +2.2% in the March quarter, although that is not expected to last. They are watch for downward pressures on inflation from a weaker economy and the upward pressures on inflation from higher costs.In Japan, the 2024 total number of births was 686,061, down -5.7% from the previous year. This was the first time annual births have fallen below 700,000 since record-keeping began in 1899.Australia released its Q1-2025 GDP growth data yesterday. Their economy grew +0.2% in Q1-2025 from Q4-2024, slowing from +0.6% in Q4 and falling short of the +0.4% expected by analysts. This marked the 14th quarter of expansion but the softest pace in three quarters. On an annual basis, the GDP expanded +1.3%, holding steady for the second straight quarter but missing the expected +1.5% rise.The UST 10yr yield is now at 4.36%, and down -10 bps from yesterday.The price of gold will start today at US$3,379/oz, and up +US$26 from yesterday.Oil prices are down -US$1 in the US at just over US$62.50/bbl while the international Brent price is down -US$1.50 at US$64.50/bbl.The Kiwi dollar is now at 60.4 USc, a +30 bps rise from yesterday at this time. Against the Aussie we are unchanged at just over 92.8 AUc. Against the euro we are up +10 bps at 52.8 euro cents. That all means our TWI-5 starts today at just on 68.2 and up +10 bps from yesterday.The bitcoin price starts today at US$105,010 and down -0.9% from yesterday. Volatility over the past 24 hours has been modest 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 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 the global economic expansion is losing pace, led by the US.But first up today, the overnight full dairy auction pulled back, and expected, but perhaps not be as much as the derivatives markets suggested. In the end prices were down -1.6% in USD terms and -3.0% in NZD terms on a rising Kiwi dollar. It was a mixed picture across the commodities offered.In the US, the weekly Redbook retail monitor pulled back last week to be 'only' +4.9% higher than the same week a year ago. That is a sharpish dip from the prior week's +6.1% and mid-April's +7.4%. Much of this may be attributable to tariff-tax increases, with sales volumes easing faster now.Meanwhile, April job openings were little-changed but they did come in slightly higher than expected at 7.4 mln. We get the May non-farm payrolls report this Saturday (NZT) and that is expected to show a modest +130,000 rise.Meanwhile April factory orders came in weak, down a sharp -3.7% following the boosted March gain of +3.4%. Between the two months, a slight easing that was setting in since November. From April 2024 these order levels are up +0.6% and that is before accounting for inflation.The US Logistics Managers Index rose, but because inventory costs, warehousing utilisation, and transportation prices all rose at a faster rate, probably not the indicators that help their economy.But the latest RCM/TIPP optimism survey did rise for 'positive' reasons, but only back to levels it was in November after retreating rather sharply from a February high. The tariff-tax staggers may be easing among investors and the surveyors say this indicates US "consumers are closer to optimism".In Canada, Canadians have so heavily altered their travel plans to the US that the duty-free stores at the border seem to be on their knees in what is being called a 'collapse'.In South Korea, the candidate of the more liberal Democratic Party seems to be the winner of Tuesday's snap presidential election. It is a clear break, with voters turning away from the conservative party, who's previous President triggered their constitutional crisis. It's a win for the rule of law. The other main candidate has conceded.In China, they have delivered something of a surprise. The May Caixin China factory PMI unexpectedly dropped to 48.3, down from April's expanding 50.4 and missing market forecasts of a faster expansion (50.6). This was the first contraction in the sector in eight months and the steepest since September 2022. Output shrank alongside a renewed drop in new orders, with foreign sales declining at a faster pace. The official factory PMI came in at 49.5, a small improvement (lesser decline).Eurozone consumer price inflation eased to 1.9% in May, down from 2.2% in April and below market expectations of 2.0%. With inflation under control, that gives the ECB some room to trim interest rates further at their Friday (NZT) review.Globally, the OECD has lowered its economic expansion forecasts as the Trump tariff-taxes bite, and the US an economy they see suffering as much as others from the impact.That is spurring free trade talks among other nations, especially between Australia and the EU.In Australia, their Fair Work Commission's Expert Panel announced the National Minimum Wage and award wages will increase by +3.5% from 1 July 2025, following the 2024-25 Annual Wage Review. That means their National Minimum Wage will increase by +AU$0.85 to AU$24.95 per hour. (NZ$26.90/hr) The New Zealand adult minimum wage is currently $23.50/hr.The UST 10yr yield is now at 4.46%, and unchanged from yesterday.The price of gold will start today at US$3,353/oz, and down -US$22 from yesterday.Oil prices are up +50 USc in the US at just over US$63.50/bbl and the international Brent price is up +US$1 at US$66/bbl.The Kiwi dollar is now at 60.1 USc, a -10 bps dip from yesterday at this time. Against the Aussie we are down -10 bps at just on 92.8 AUc. Against the euro we are unchanged at 52.7 euro cents. That all means our TWI-5 starts today at just on 68.1 and down -10 bps from yesterday.The bitcoin price starts today at US$105,965 and up +1.6% from 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 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 Americans seem to be making a concerted effort to adopt a stagflation policy. The USD is falling toward a three year low, gold is rising again, as are US benchmark interest rates.But first, the week ahead will feature central bank rate decisions from Canada (expect a hold at 2.75%), the ECB (-25 bps to 2.15%) and India (-25 bps to 5.75%). And the week will end with the US non-farm payrolls report (+130,000 and extending the ho-hum trend).But the week will be dominated by factory and service sector PMIs, closely watched for the consequences of trade war activity. More damage came from the US over the weekend with the doubling of steel tariffs, from 25% to 50%. These are certain to make the US steel industry even less competitive globally, embedding higher producer costs for American factories and higher prices for its customers.We can see that from the latest ISM factory PMI for May, where a small contraction is now taking place, and the cost pressures are still very high. The final S&P/Markit May factory PMI recorded the most cost pressure since 2022, but a tiny expansion in this one.China released its official PMIs over the weekend, with the factory version contracting much less, and their services little-changed in a tiny expansion. Inflation pressures aren't evident here. The US trade pressure may be preventing China's economy from growing much but it isn't pushing it into a contraction. And so far, Beijing has resisted Trump's request for a phone call with Xi.And there were May PMIs out for Japan (contracting less), Canada,(holding a sharp contraction) Taiwan (contracting less), Korea (small contraction, but stable) Singapore (stable small contraction) and Australia (stable but expanding a bit less) on Monday. So this set isn't yet showing much change, but the trade war does seem to be embedding stagnation. Inflation doesn't seem to be much of a problem here, it is only the US that is getting them both.Stagnation without inflation does allow central banks to try a rate cut remedy - a remedy not available to the Americans.In China they are applying both monetary (lower rates) and fiscal policies (more spending) to stabilise their situation. Beijing is spending big to counter the downward pressure on its economy. As a result, the country's broad fiscal deficit expanded at its quickest clip since 2023 in the first four months of 2025, reaching a -¥2.7 tln (-NZ$630 bln) deficit in the period, almost 60% more than in the same period in 2024.They need all of that because it is pretty clear their real estate sector slump isn't anywhere near over yet, despite all the official help for it.We should also note that it is a holiday in China today, for Dragon Boat Festival.India reported Q1-2025 GDP outcomes, claiming a heady expansion of +7.4% from a year earlier, far better than the +6.7% expected and the +6.4% expansion in Q4-2024. This expansion was led by both the construction sector, and consumer spending.And Canada also reported an expanding economy in Q1-2025, gaining +0.5% in the quarter to be +2.2% higher for the year. Both these indicators of economic activity are better than analysts had expected. Of course these are only of historical interest because they pre-date the tariff-war actions of the US that started in April.Back in the US, the final University of Michigan consumer sentiment survey recovered its early month drop in the second half of the month, ending similar to the April level. The pause in the tariff war and the hope this would ease inflation pressures during the survey period was said to be behind the mood change. Still, this level is very pessimistic, -24% lower than year-ago levels.In Australia, job ad growth has turned into a decline, with the number of job ads dropping -1.2% in May from April, when they fell a downwardly revised -0.3%. Year on year they are down -5.7% although they remained +14% higher than pre-pandemic levels.The UST 10yr yield is now at 4.46%, and up +6 bps from Friday. The price of gold will start today at US$3,375/oz, and up +US$86 from yesterday.Oil prices are up +US$2 in the US at just under US$63/bbl and the international Brent price is just under US$65/bbl.The Kiwi dollar is now at 60.2 USc, a +50 bps rise from yesterday at this time. Against the Aussie we are up +20 bps at just on 92.9 AUc. Against the euro we are up +10 bps at 52.7 euro cents. That all means our TWI-5 starts today at just on 68.2 and up +30 bps from yesterday.The bitcoin price starts today at US$104,272 and down -0.9% from yesterday. Volatility over the past 24 hours has been modest at just on +/-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.

Virginie Girod vous transporte Au Cœur de l'Histoire, à la découverte des poèmes de Phillis Wheatley (1753-1784). Arrachée à ses terres natales et réduite en esclavage dans l'Amérique coloniale du XVIIIe siècle, Phillis Wheatley parvient à sortir de sa condition et marque bientôt l'Histoire de la littérature afro-américaine, devenant une poétesse majeure. Distribué par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.

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 legality of the US tariff taxes is now under court scrutiny.But first, US initial jobless claims rose +10,000 last week from the prior week to 212,000 when seasonal factors suggested it should have fallen -7,000. (The headline number was +240,000.) There are now 1.78 mln people on these benefits, +120,000 more than this time last year or a +7% rise.There was an update to the Q1-2025 US GDP growth rate out overnight, and it was little-changed, still showing a stall. Now they say it contracted at an annualised rate of -0.2% in the quarter, a slight improvement from the initial estimate of a -0.3% decline. However, it is still the first quarterly GDP contraction in three years. The slight improvement was driven by stronger-than-expected investment, which partially offset weaker consumer spending and a larger-than-anticipated drag from trade.The same data showed corporate profits fell sharply in the period and could continue to be squeezed this year by higher costs from tariffs.Pending home sales retreated an outsized -6.3% in April from March, far more than the -0.9% drop anticipated by analysts and fully erasing the revised +5.5% increase in March. The industry blames "high interest rates".The US Treasury 7yr bond auction today was supported a bit better than the prior event, resulting in a median yield of 4.14% compared to the 4.07% at the prior equivalent event a month ago.In a US Federal Court, the Trump Administration lost a key case challenging the imposition of his "Liberation Day" tariffs, where it was claimed the President didn't have the authority to impose them without Congressional approval. The issue will end up in the US Supreme Court soon for 'final' resolution. If it doesn't go Trump's way in his stacked court, things could get 'interesting'.In Japan, consumer sentiment is still trending down after peaking in March 2024. But the May survey recorded a bounce back from the unusual drop in April.In Australia, capex investment is not growing, especially for plant and equipment. And that is a hesitation in the rising trend that started in 2014 and continued until September 2024. The recent Q1-2025 data softness seems to be embedding.Globally, passenger air travel demand was up +8.0% with international travel demand rising almost +11%. In the Asia/Pacific region it was up more than +14%. Wanderlust is back fully after the pandemic period.Air cargo demand was up +5.8% in April, up +10% in the Asia/Pacific region, no doubt boosted by the rush to beat US tariffs.Meanwhile, container freight rates rose +10% last week from the week before to be -41% lower than year-ago levels. Trade uncertainty surrounding 'new' tariff-taxes is causing the current scramble to get goods moved. Bulk cargo rates dipped -2.5% in the past week however.The UST 10yr yield is now at 4.43%, and down -5 bps from yesterday.The price of gold will start today at US$3,322/oz, and up +US$26 from yesterday.Oil prices are down -US$1 at just under US$61/bbl in the US and the international Brent price is now at US$64/bbl.The Kiwi dollar is now at 59.9 USc, a +30 bps rise from yesterday at this time. Against the Aussie we are unchanged at just under 92.8 AUc. Against the euro we are down -20 bps at 52.6 euro cents. That all means our TWI-5 starts today at just under 68 and up +10 bps from yesterday.The bitcoin price starts today at US$106,229 and down -1.1% from yesterday. Volatility over the past 24 hours has been modest at just on +/-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 on Tuesday.

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 trade chaos and tariff-war skirmishes have markets worldwide watching for inflation signals as much as growth signals.First, in the US their Redbook retail index was up +6.1% last week from the same week a year ago, driven increasingly by tariff-tax price increases, which is why this metric is diverging so much from the formal retail sales volume data.American mortgage applications fell last week from the prior week. That is consistent with the benchmark 30 year mortgage rate rising, now almost touching 7% again.The Richmond Fed's regional factory survey came in negative again in May with activity slowing and new order levels still quite weak. The service sector report for the same mid-Atlantic region was weaker too. In both cases they recorded price pressures over +6%.The Dallas Fed services survey was just as negative, in fact even more so. Input prices are a real issue here too, over 5%..The well-supported US Treasury 5 year bond auction continued the trend of bidders wanting and getting higher risk premiums. This one delivered a median yield of 4.01%, up from 3.93% at the prior equivalent event a month ago.The minutes of the May 8 (NZT) Fed meeting released overnight revealed policymakers are uncertain on how to assess the future risks of inflation and their labour market, and how they can meet their dual mandate when forces are pushing in different directions. They seem to see the inflation risks are the key priority. They are also watching the USD depreciation because that too brings inflation risks. For them, it is a waiting game.India's April industrial production expansion slowed from March, but not by as much as was expected. It seems to be settling in at an under +3% rate which is far more modest than the overall economic expansion there. India's economic rise isn't really being built on manufacturing prowess. Of course the trade and tariff-war backdrop won't be helping.Euro area inflation expectations are rising again, and came in at 3.1% in the latest survey (in April) for the ECB, results they won't have liked. These expectations are back to early 2024 levels, unwinding the progress the ECB policymakers had thought they had won.In Australia, their monthly inflation indicator, also for April, shows it stuck at 2.4%. A small easing was expected but didn't eventuate. But 2.4% isn't a killer level and probably doesn't change expectations that the RBA will keep reducing its cash rate target, currently at 3.85%, by another -25 bps at their next meeting on July 8, 2025. A lot could change in between however, and analysts will be watching for upside risks.The UST 10yr yield is now at 4.48%, and up +4 bps from yesterday.The price of gold will start today at US$3,296/oz, and down -US$6 from yesterday.Oil prices are up +US$1.50 at just on US$62/bbl in the US and the international Brent price is now at US$65/bbl.The Kiwi dollar is down at 59.6 USc, a small +10 bps rise from yesterday at this time. Against the Aussie we are up +50 bps at just under 92.8 AUc. Against the euro we are up +30 bps at 52.8 euro cents. That all means our TWI-5 starts today still just under 67.9 and back up +30 bps from yesterday.The bitcoin price starts today at US$107,462 and down -2.6% from yesterday. Volatility over the past 24 hours has been modest at just on +/-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 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 a relief rally is underway on Wall Street, responding to the delays in tariffs by the US on EU goods.But first, an update of the overnight dairy Pulse auction where prices for both SMP and WMP slipped although less than the futures market had suggested. The WMP was down -2.7% in USD from the prior week's full event, and a bit more in NZD. To be fair both prices had risen sharply since April but this pullback still leaves it in a rising trend despite today's adjustment.Data releases resumed in the US after their weekend holiday with durable goods orders pulling back in April after the unusually strong March gains. The pullback was largely in line with what was expected however, -6.3% lower than the prior month but up +2.7% from a year ago. Perhaps worryingly, excluding aircraft orders, nomn-defence capital goods barely budged in April, a sign that boardrooms remain skittish about future investment.That was matched by the Dallas Fed's May factory survey where activity was reported flat with a decline in new orders.But consumers seem happier, according to the Conference Board's May survey of consumer sentiment. But it was a survey taken before the latest US threats on the EU, so there is a sense of 'relief rally' here after the China tariff pullback. However, despite the month-on-month gain, this indicator is still tracking lower on the longer term, still lower than year-ago levels.Sentiment will be challenged again soon. There were a couple of housing indicators out overnight, and both recorded falls in American house prices. The FHA one was spun as an improvement, but it wasn't. The S&P/Case-Shiller one was a gain but a tiny one and the least since mid-2023.The bond market isn't feeling any better. The latest US Treasury 2 year auction, although as well supported as usual, brought a median yield of 3.90%, up from 3.74% at the prior equivalent event a month ago.And we can note that pricing for Trump Media shares, a marketplace that basically attracts investors who are supporters, is doing terribly. TMTG is down -11% today, down -33% so far this year, down more than -50% from a year ago. To rescue itself, it says it wants to raise US$2.5 bln to shift into crypto investing. It is an idea not going down well with shareholders.Across the border, core Canadian business activity is struggling a bit too. April wholesale trade was down -0.9% from March. That is kind of a lot for a one-month impact, one that records the initial tariff-war skirmishes.Across the Pacific in China, profits at industrial firms rose +1.4% in the first four months of 2025 compared to the same four months in 2024, picking up from +0.8% growth in the January–March period. For April alone, that was a rise of +5.2% from April 2024. Having noted that, April 2024 was a weak base. Still, given the trade challenges, and that China's factories are still very export oriented and vulnerable to trade war risks, this has to be seen as a good result in the circumstances.And we should start to keep an eye on China's carmakers. It is attracting increasing scrutiny because the economic fundamentals seem to be leaking away and quite fast. It could be another 'property development' industry failure, and could have just as large consequences if it wobbles too. They have no problem making cars, and good ones. But not only are they making more than the world needs, there are serious questions as to whether they can sell them for more than they cost to make.We should probably note that South Korean consumer sentiment jumped in May, rising back to levels that were common in November 2024 and prior. The ugly confusion period when its president went full-Trump and tried a palace coup (which resulted in impeachment, one that was upheld by the courts) is now behind it and Koreans are breathing easier. The rule of law won against a power grab. South Koreans will vote in a snap presidential election on Tuesday, June 3.And still in South Korea, they should join the CPTPP and diversify its trade as part of the bloc in the face of US uncertainties, a senior trade ex-minister is saying. (New Zealand runs a huge trade deficit with Korea.)In the EU, consumer and business sentiment basically held steady in May, according to the latest update. The trade wars are not yet unnerving the Europeans.The UST 10yr yield is now at 4.44%, and down -6 bps from yesterday.The price of gold will start today at US$3,302/oz, and down -US$38 from yesterday.Oil prices are down -US$1 at just over US$60.50/bbl in the US and the international Brent price is still just under US$64/bbl.The Kiwi dollar is down at 59.5 USc, a -½c retreat from yesterday at this time as commodity currencies are out of favour today. Against the Aussie we are down -20 bps at just on 92.3 AUc. Against the euro we are holding at 52.5 euro cents. That all means our TWI-5 starts today still just over 67.6 and down -30 bps from yesterday.The bitcoin price starts today at US$110,309 and up another +1.2% from yesterday. Volatility over the past 24 hours has been modest at just on +/-1.2%.Check back with us at 2pm for the RBNZ's May Monetary Policy Statement and OCR review. As you will knwo by now, 'everyone' expects a -25 bps cut. But the outlook from there is reasonably clouded, so Governor Hawkesby's analysis at 3pm is keenly awaited. We will have full coverage.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 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 we are being reminded of the central role the giant Wall Street markets play in global finance.It is a US holiday weekend, Memorial Day, and without those US markets operating, data releases and other market activity is very restrained.But in the US, Fed boss Powell delivered a graduation speech that contained a spirited defense of those who run public services and the core role they play in a crisis. He clearly showed there are no libertarians in a recession or threat of one. They all want "the government" to cover their backs.And the Trump Administration also shows the power of 'active' government policy setting. The using of tax policy to help your friends (and family) and punish your perceived enemies is on full display. And the use of tariffs to screw the scrum is a lever that also shows that clearly.From his bully-pulpit, Trump has delayed a punitive tariff threat on EU goods to July 9. It was enough to depress the USD on the capricious uncertainty and the EUR as hit a one-month high.We should note that American hot-rolled steel prices are now at US$900/tonne which is +29% higher than when Trumps tariff actions started to take shape at the start of 2025. These are policies that are embedding sharp producer price inflation there. And of course, they will rise from here, as tariff pressure builds on other efficient manufacturers outside the US.You can contrast that with Chinese steel prices. We don't have hot-rolled coil steel prices for China to hand, but we do have rebar steel prices there and they are now US$425/tonne, down from US$460/tonne at the start of 2025, so a -7.5% decrease. A crude matching of the US and China steel price shifts suggests the Chinese-sourced products have gained a +35% advantage in the period, largely offsetting the tariff actions. It is American consumers paying for all this infantile policy-making.Meanwhile, the world is getting on with business, but just with fewer data signals to start the week.In Canada, factory sales there were weakish in April, the weakest month of the year so far. Key to the fall were declining output in both their oil industry, and their car manufacturing.A recent review of the Canadian economy by the OECD suggests it will avoid recession, but that expansion will be hard to find in the present trade-war climate.Meanwhile, the province of Alberta is feeling very uneasy. There is a fringe movement there to cede from Canada and become a US state, built on the feeling that federal Canada doesn't appreciate the economic role they play in the Federation. But that overlooks the central role the US is playing in depressing the oil demand and prices they claim is 'theirs'. Joining the US would only accentuate the feelings of 'victimisation'.Across the Pacific, Singapore also released April factory production data and that rose faster from March, to be +5.9% higher than year-ago levels.The UST 10yr yield is now at 4.51%, and unchanged from yesterday while the New York bond market was closed. The price of gold will start today at US$3,340/oz, and down -US$17 from yesterday.Oil prices are holding at just on US$61.50/bbl in the US and the international Brent price is still just under US$65/bbl.The Kiwi dollar is still at 60 USc, and up +10 bps at this time. Against the Aussie we are up +30 bps at just on 92.5 AUc. Against the euro we are down -20 bps at 52.5 euro cents. That all means our TWI-5 starts today still just under 67.9 and up +10 bps from yesterday.The bitcoin price starts today at US$109,020 and up +1.6% from yesterday. Volatility over the past 24 hours has been modest at just on +/-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 we have ended a turbulent week where the USD fell, US Treasury benchmark rates rose, and equities retreated. Gold jumped.The turbulence will continue into this coming week with the US president lashing out because his signature tariff policies aren't producing the economic growth or reshoring he anticipated and other countries have worked out how to game him. His new lashes are at the EU, and Apple, for not reshoring. Neither seem in awe of his power any more.But first, the coming week will be dominated by Wednesday's ORC review where a -25 bps rate cut to 3.25% is widely anticipated. Earlier that day there will be a dairy Pulse auction too.In Australia, they will update their monthly consumer price indicator, also on Wednesday. Elsewhere, South Korea will be reviewing its monetary policy settings this week, and Japan will release important industrial production, retail sales, and consumer sentiment updates.In the US, after their long weekend, markets are bracing for another uncertain week, driven by those tariff threats from Trump targeting the European Union and Apple. Investors will also focus on commentary from Fed officials, as well as the FOMC meeting minutes. Key US economic indicators include personal income and spending, the PCE price indices, durable goods orders, trade balance, the second estimate of Q1 GDP growth, corporate profits, pending home sales among others.But first we should note in China, their central bank injected ¥500 bln (NZ$120 bln) of new liquidity into financial institutions through their one-year medium-term lending facility on Friday. But that was less than the ¥600 bln added in April.China's net foreign direct investment actually fell in April from March, a very unusual shift. The fall wasn't large at -US$4.8 bln for the month but a notable shift from the +US$7.2 bln rise in April 2024 which was considered unusually small. Go back to April 2023 and it was +US$14.1 bln and +US$15.4 bln the year before. In the past two years, the August levels have stalled (but not retreated) and this is the first we have ever seen where there was a net outflow of foreign investment from China in a month. And Nikkei is reporting that the protracted real estate woes are pushing down lending rates, and now 80% of Chinese banks have seen their interest margins fall below the industry threshold for profitability, raising concerns over the sector's stability. Fifty-four of 58 commercial banks listed in mainland China and Hong Kong posted reduced interest margins compared with the previous fiscal year, according to the analysis, which evaluated financial results announced for the year ended December 2024.Japanese inflation is holding high, and came in at 3.6% in April, the same as in March. But that was its lowest since December. Food prices rose the least in four months but were still up +6.5% from a year ago, down from the March +7.4%. This dip came after the government took steps to curb rice prices that have doubled over the past year. High rice prices have cost the government minister 'responsible' for that sector his job last week.In Singapore, April CPI inflation held art a very low 0.9%, but that belies the monthly fall of -0.3% from March. This is the second month in a row they have had month-on-month deflation. That is largely due to falling costs for clothing, household durables, and entertainment. Food price increases were modest.Taiwanese retail sales growth was weak again in April. It hasn't really recovered after the unexpectedly large drop in February, bumping along essentially at year-ago levels.But Taiwanese industrial production is on fire, rising another sharp +22% in April from the same month a year ago. That is the best growth rate on record for them, apart from the distorted pandemic recovery.Across the Pacific in the US, this is the long Memorial Day holiday weekend in the US, the start of their summer season which won't end until their Labor Day holiday on September 1. (Traditional investors "sold in May, and went away" because volumes lighten and become more volatile over this northern summer period.)This is also the start of the US summer 'driving season'. American petrol prices are currently averaging US$3.196/US gallon. That is NZ$1.41/L. (A year ago it was +10% higher, equivalent to NZ$1.566/L.)And it is the start of their barbeque season. But prices are likely to rise further from the already record high levels because the number of cattle on feedlots is down, and the amount of beef stored in freezers is lower too.But of course, business carries on. There was an unusually large rise in new home sales in the US in April, taking them up to an annualised rate of 743,000, a level they haven't seen since mid-2022. After a string of weak months (and downwardly revised earlier data) builders are now resorting to widespread incentives to move stock, and it seems to have worked in April. Housing starts remained weak, and new building consents are declining still.In Australia and on their eastern seaboard it has been very wet with widespread flooding. And that is having a substantial impact on rural output. In particular, milk volumes are falling and milk prices are rising fast.The UST 10yr yield is now at 4.51%, and down -1 bp from this time Saturday. The price of gold will start today at US$3,357/oz, and down -US$5 from Saturday. But that makes it +US$170 higher than a week ago, a +5.5% jump.Oil prices are holding at just on US$61.50/bbl in the US and the international Brent price is still just under US$65/bbl.The Kiwi dollar is still at 59.9 USc, and unchanged from Saturday at this time. A week ago it was at 58.8 USc so an outsized +110 bps rise since then. Against the Aussie we are holding at just under 92.2 AUc. Against the euro we are unchanged at 52.7 euro cents. That all means our TWI-5 starts today still just under 67.8 and unchanged but up +40 bps for the week.The bitcoin price starts today at US$107,270 and down -2.5% from 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.

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 risk premiums keep on rising.But first, the OECD is reporting that the global expansion is leaking away, and quite quickly now. Economic activity rose by just +0.1% in the first quarter of 2025, significantly down from an +0.5% rise in the previous quarter. The US and Japan were the main drags in their data. And they say this is a departure from the higher and relatively stable growth rates recorded in the OECD area over the past two years.US initial jobless claims eased lower marginally, all accounted for by seasonal factors. There are now 1.79 mln people on these benefits, +103,000 more than at the same time last year.Existing home sales in the US fell -0.5% in April 2025, to their lowest in seven months and notably below what was expected. High mortgage rates are getting the blame.The first of the US PMI survey is out for May, the S&P/Markit one, and that reported output growth improved in the month, but prices spiked higher from the tariff impacts. And this was true for both the factory category, and their services category. It is better than a decline but in a broader historical perspective this isn't very impressive.Supporting that was the Chicago Fed's National Activity Index which not only recorded a decline in April, but March was revised lower too.Meanwhile, the Kansas City Fed factory survey for May slipped more negative again, even if hopes for the future remain positive.We don't usually report results of the US Treasury Inflation Protected Securities (TIPS), but today's 10 year event reveals the rising risk premiums investors are demanding, even as background inflation rises. Today's event delivered a median yield of 2.14% plus inflation, compared to the prior equivalent event a month ago of 1.86% plus inflation. These premiums are on the move wider, and are likely to widen substantially if Trumps 2025 Budget gets through Congress.North of the border, and in a bit of a surprise, Canadian producer prices slipped in April to be just +2.0% higher than a year ago. It turns out that many components for Canadian factories are sourced from the US and the falling US dollar has made them cheaper. That is certainly true for energy products, but true for many other components as well. Cheaper input costs will help Canadian factories push back against the tariff taxes their US customers have to pay.In Japan, they booked record high machinery orders in March, up +8.4% from a year ago, and far above what was anticipated. The outlook for the next three months looks good too. But we should note these gains are built on fast-rising domestic orders. Export order contributions were weak.Meanwhile, the Japanese May PMIs both slipped lower to be essentially flat (a marginal contraction for factories, a marginal expansion for services).In China, and in a sign of how broken their real estate development sector has become, local authorities are using bond funds to buy back unused land from struggling developers as a way to stop them completely collapsing.Singapore reported its change in economic activity for March and that came in at +3.9%, lower than the 5.0% growth in the December quarter but better than the expected +3.6%. But officials there downgraded their full 2025 expectations saying they will be lucky to get +2.0% growth this full calendar year - for all the obvious reasons.The Indian PMI for May stayed little-changed with a robust expansion. But they too are now noting rising price pressures.The flash Australia PMIs for May report a growth stall, for both their factory sector and their services sector. That was because they had their slowest growth in new orders in 2025 so far.Global container freight rates stayed low last week, up +2% from the prior week to be -28% lower than year-ago levels. And bulk freight rates rose +5.0% from a week ago but remain in the general low range they have been since early April.The UST 10yr yield is now at 4.55%, and down -5 bps from this time yesterday.The price of gold will start today at US$3,294/oz, and down -US$18 from yesterday.Oil prices are -50 USc softer today at just under US$61/bbl in the US and the international Brent price is just under US$64.50/bbl.The Kiwi dollar is now at 59 USc, and down -½c from yesterday at this time. Against the Aussie we are down -30 bps at 92 AUc. Against the euro we are down -10 bps at 52.4 euro cents. That all means our TWI-5 starts today still just under 67.4 and down a net -20 bps from yesterday.The bitcoin price starts today at US$111,542 and up +5.0% from yesterday. Volatility over the past 24 hours has been moderate at just on +/-2.5%.You can find links to the articles mentioned today in our show notes.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.

Toute cette semaine, Au Cœur de l'Histoire spéciale "Ils ont choisi la France !" Ou les destins de personnages qui se sont fait un – grand – nom dans notre pays. Pour le 3e épisode, Stéphane Bern raconte Fryderyk Franciszek Chopin, dit Frédéric Chopin, jeune pianiste célèbre en son pays qui a décidé de quitter sa Pologne natale pour Vienne avant tenter sa chance dans l'autre capitale musicale de l'Europe : Paris... Et bien lui en a pris ! Pourquoi la musique de Chopin parle-t-elle à tout le monde ? Comment a-t-il inventé le piano moderne ? Comment sa musique a-t-elle traversé les siècles sans perdre de sa splendeur ? Pour en parler, Stéphane Bern reçoit Jean-Yves Clément, écrivain, auteur de "Chopin et Liszt, la magnificence des contraires" (Passés Composés, collection Alpha). Au Cœur de l'Histoire est réalisée par Pierre Cazalot. Rédaction en chef : Benjamin Delsol. Auteur du récit : Pïerre-Vincent Letourneau. Journaliste : Clara Leger. Distribué par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.

Toute cette semaine, Au Cœur de l'Histoire spéciale "Ils ont choisi la France !" Ou les destins de personnages qui se sont fait un – grand – nom dans notre pays. Pour le 3e épisode, Stéphane Bern raconte Fryderyk Franciszek Chopin, dit Frédéric Chopin, jeune pianiste célèbre en son pays qui a décidé de quitter sa Pologne natale pour Vienne avant tenter sa chance dans l'autre capitale musicale de l'Europe : Paris... Et bien lui en a pris ! Pourquoi la musique de Chopin parle-t-elle à tout le monde ? Comment a-t-il inventé le piano moderne ? Comment sa musique a-t-elle traversé les siècles sans perdre de sa splendeur ? Pour en parler, Stéphane Bern reçoit Jean-Yves Clément, écrivain, auteur de "Chopin et Liszt, la magnificence des contraires" (Passés Composés, collection Alpha). Au Cœur de l'Histoire est réalisée par Pierre Cazalot. Rédaction en chef : Benjamin Delsol. Auteur du récit : Pïerre-Vincent Letourneau. Journaliste : Clara Leger. Distribué par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.

Émission du 15/05/2025 Aujourd'hui, nous avons le plaisir de recevoir deux projets étudiants portés par des étudiants en BUT Techniques de Commercialisation. Plein phare sur Étoiles en scène, un concours de jeunes talents qui met en avant des étudiants artistes : musiciens, danseurs, performeurs, créateurs, cheerleaders. Le concours se déroulera le samedi 24 mai 2025 […] L'article Sortez! – Étoiles en scène / Au Cœur des Maux est apparu en premier sur Radio Campus Tours - 99.5 FM.

Aujourd'hui et demain, Au Cœur de l'Histoire nous offre un dyptique spécial consacré à un couple royal : Marie de Médicis et Henri IV. Pour le premier épisode, avant de découvrir le destin du roi assassiné, Stéphane Bern raconte celui de la richissime héritière des grands ducs de Toscane devenue reine, qui fut couronnée en la basilique Saint-Denis, le 13 mai 1610, il y a 415 ans jour pour jour, juste avant ce terrible événement, justement… Quels étaient les enjeux d'une telle cérémonie ? Quel est le rôle d'une reine ? Pourquoi Marie de Médicis souffre-t-elle, aujourd'hui encore, d'une image négative ? Pour en parler, Stéphane Bern reçoit Jean-Christian Petitfils, historien, spécialiste des rois Bourbon, et auteur de la biographie ""Henri IV"" (Perrin). Au Coeur de l'Histoire est réalisée par Pierre Cazalot. Rédaction en chef : Benjamin Delsol. Auteur du récit : Pierre-Vincent Letourneau. Journaliste : Armelle Thiberge. "Distribué par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.

Aujourd'hui et demain, Au Cœur de l'Histoire nous offre un dyptique spécial consacré à un couple royal : Marie de Médicis et Henri IV. Pour le premier épisode, avant de découvrir le destin du roi assassiné, Stéphane Bern raconte celui de la richissime héritière des grands ducs de Toscane devenue reine, qui fut couronnée en la basilique Saint-Denis, le 13 mai 1610, il y a 415 ans jour pour jour, juste avant ce terrible événement, justement… Quels étaient les enjeux d'une telle cérémonie ? Quel est le rôle d'une reine ? Pourquoi Marie de Médicis souffre-t-elle, aujourd'hui encore, d'une image négative ? Pour en parler, Stéphane Bern reçoit Jean-Christian Petitfils, historien, spécialiste des rois Bourbon, et auteur de la biographie ""Henri IV"" (Perrin). Au Coeur de l'Histoire est réalisée par Pierre Cazalot. Rédaction en chef : Benjamin Delsol. Auteur du récit : Pierre-Vincent Letourneau. Journaliste : Armelle Thiberge. "Distribué par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.

Aujourd'hui et demain, Au Cœur de l'Histoire nous offre un dyptique spécial consacré à un couple royal : Marie de Médicis et Henri IV. Pour le premier épisode, avant de découvrir le destin du roi assassiné, Stéphane Bern raconte celui de la richissime héritière des grands ducs de Toscane devenue reine, qui fut couronnée en la basilique Saint-Denis, le 13 mai 1610, il y a 415 ans jour pour jour, juste avant ce terrible événement, justement… Quels étaient les enjeux d'une telle cérémonie ? Quel est le rôle d'une reine ? Pourquoi Marie de Médicis souffre-t-elle, aujourd'hui encore, d'une image négative ? Pour en parler, Stéphane Bern reçoit Jean-Christian Petitfils, historien, spécialiste des rois Bourbon, et auteur de la biographie ""Henri IV"" (Perrin). Au Coeur de l'Histoire est réalisée par Pierre Cazalot. Rédaction en chef : Benjamin Delsol. Auteur du récit : Pierre-Vincent Letourneau. Journaliste : Armelle Thiberge. "Distribué par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.

Aujourd'hui et demain, Au Cœur de l'Histoire nous offre un dyptique spécial consacré à un couple royal : Marie de Médicis et Henri IV. Pour le premier épisode, avant de découvrir le destin du roi assassiné, Stéphane Bern raconte celui de la richissime héritière des grands ducs de Toscane devenue reine, qui fut couronnée en la basilique Saint-Denis, le 13 mai 1610, il y a 415 ans jour pour jour, juste avant ce terrible événement, justement… Quels étaient les enjeux d'une telle cérémonie ? Quel est le rôle d'une reine ? Pourquoi Marie de Médicis souffre-t-elle, aujourd'hui encore, d'une image négative ? Pour en parler, Stéphane Bern reçoit Jean-Christian Petitfils, historien, spécialiste des rois Bourbon, et auteur de la biographie ""Henri IV"" (Perrin). Au Coeur de l'Histoire est réalisée par Pierre Cazalot. Rédaction en chef : Benjamin Delsol. Auteur du récit : Pierre-Vincent Letourneau. Journaliste : Armelle Thiberge. "Distribué par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.

Stéphane Bern raconte, 75 ans, jour pour jour, après son discours entré dans l'Histoire qui donna le coup d'envoi de la construction européenne, le destin de Robert Schuman, homme politique de premier plan, premier artisan de la réconciliation franco-allemande devenu le “père de l'Europe”… Quelle était sa définition de la politique ? Comment la Communauté européenne du charbon et de l'acier, dont Robert Schuman est à l'initiative, a-t-elle abouti à notre Union européenne ? Quelles traces reste-t-il encore de Schuman en Europe aujourd'hui ? Pour en parler, Stéphane Bern reçoit Jean-Dominique Giuliani, Président de la Fondation Robert Schuman. Au Cœur de l'Histoire est réalisée par Guillaume Vasseau. Rédaction en chef : Benjamin Delsol. Auteur du récit : Jean-Pierre Vrignaud. Journaliste : Clara Leger.Distribué par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.

Stéphane Bern raconte, 75 ans, jour pour jour, après son discours entré dans l'Histoire qui donna le coup d'envoi de la construction européenne, le destin de Robert Schuman, homme politique de premier plan, premier artisan de la réconciliation franco-allemande devenu le “père de l'Europe”… Quelle était sa définition de la politique ? Comment la Communauté européenne du charbon et de l'acier, dont Robert Schuman est à l'initiative, a-t-elle abouti à notre Union européenne ? Quelles traces reste-t-il encore de Schuman en Europe aujourd'hui ? Pour en parler, Stéphane Bern reçoit Jean-Dominique Giuliani, Président de la Fondation Robert Schuman. Au Cœur de l'Histoire est réalisée par Guillaume Vasseau. Rédaction en chef : Benjamin Delsol. Auteur du récit : Jean-Pierre Vrignaud. Journaliste : Clara Leger.Distribué par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.

Stéphane Bern raconte le destin tourmenté de celle qui fut héroïne de sa propre vie, entre création, ennui et folie, la véritable histoire d'Adèle H., pour reprendre le titre du film de François Truffaut, la fille de Victor Hugo. Comment Adèle Hugo a-t-elle repris son destin en main pour retrouver sa liberté ? Quelles traces a-t-elle laissées avec ses écrits ? Pourquoi a-t-elle toujours été réduite à sa folie ? Pour en parler, Stéphane Bern reçoit Laura El Makki, journaliste et auteure de "Adèle Hugo, ses écrits, son histoire" (Seghers). Au Cœur de l'Histoire est réalisée par Loïc Vimard. Rédaction en chef : Benjamin Delsol. Auteur du récit : Jean-Christophe Piot. Journaliste : Clara Leger. Distribué par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.

Stéphane Bern raconte le destin tourmenté de celle qui fut héroïne de sa propre vie, entre création, ennui et folie, la véritable histoire d'Adèle H., pour reprendre le titre du film de François Truffaut, la fille de Victor Hugo. Comment Adèle Hugo a-t-elle repris son destin en main pour retrouver sa liberté ? Quelles traces a-t-elle laissées avec ses écrits ? Pourquoi a-t-elle toujours été réduite à sa folie ? Pour en parler, Stéphane Bern reçoit Laura El Makki, journaliste et auteure de "Adèle Hugo, ses écrits, son histoire" (Seghers). Au Cœur de l'Histoire est réalisée par Loïc Vimard. Rédaction en chef : Benjamin Delsol. Auteur du récit : Jean-Christophe Piot. Journaliste : Clara Leger. Distribué par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.

Highly skilled clinicians at RUSH MD Anderson Cancer Center diagnose, treat and prevent all types of skin cancer and other skin conditions. One treatment tool at their disposal is Mohs micrographic surgery, an advanced, minimally invasive and highly effective treatment for skin cancer. In this podcast, Miriam Mafee, MD, the division chief of Dermatological Surgery at Rush University Medical Center and a Mohs micrographic surgeon at RUSH MD Anderson, discusses how and when to use Mohs surgery, its advantages, as well as how this type of surgery continues to evolve. “We use appropriate use criteria (AUC), which helps separate less severe from more severe cases of skin cancer. This helps to maximize the utilization of Mohs surgery. We don't use Mohs surgery for every single skin cancer patient or every single skin cancer case. There are times where it really makes sense to be used and times where it doesn't. AUC, which you can find on an app, is a great help with this.”

Dans ce nouveau numéro de “Au Cœur de l'actu”, actualité oblige, le sujet du racisme et de l'Islamophobie sera le fil rouge de cette émission après le meurtre d'Aboubakar Cissé.▶ Soutenez Le Média :

Dans ce nouveau numéro de “Au Cœur de l'Actu”, On parle d'une affaire qui embarrasse le gouvernement Bayrou. Trois ministres dans la tourmente ! Élisabeth Borne, Catherine Vautrin et Yannick Neuder, respectivement ministres de l'éducation nationale, ministres de la santé, et ministre délégué à la santé et à l'accès aux soins; Tous les trois sont directement visés par une plainte déposée devant la Cour de justice de la République pour « harcèlement moral » et « homicides involontaires ». Cette action en justice a été collectivement lancée par 19 personnes, des soignants, des directeurs d'hôpitaux, des familles de soignants à l'hôpital public, dont certains, victimes de harcèlement, ont mis fin à leurs jours. C'est une véritable “épidémie” de suicides que dénoncent ces personnes et aussi une gestion politique propice à poursuivre la casse d'un système, une politique d'austérité du gouvernement qui continue de briser l'Hôpital public dans un contexte post-Covid déjà catastrophique. Il n'y a pas de statistiques officielles sur les suicides à l'hôpital, mais en 2022, l'association SPS, Soins aux Professionnels de Santé, estimait qu'environ trois professionnels de santé se suicident tous les deux jours, soit environ 550 par an… Des chiffres qui pourraient même être sous-estimés. On en parle tout de suite avec nos invités : l'avocate Christelle Mazza, qui a porté cette plainte collective devant la Cour de Justice de la République, et le médecin urgentiste et Conseiller régional Christophe Prudhomme.▶ Soutenez Le Média :

Bonjour, nous sommes Pierre, Arnaud et... pas Pascal, qui prépare plein de belles choses (il ne faut surtout pas rater ses spectacles incroyables !) et qui a décidé de nous confier les clés du podcast "Au Cœur des Hommes".Avec Pierre, on a bien réfléchi... et on vous présente dans cet épisode notre nouveau compère "en-couple-tout-ça", qui n'est pas vraiment un inconnu.Ensemble, on reçoit Romain, venu nous parler des compromis. Avec lui, nous discutons de célibat choisi, de ne pas avoir de temps pour ses relations amoureuses, de sacrifier ses passions et ses projets à l'amour...« Au Coeur des Hommes », ce sont 3 amis (Pierre, Pascal et Arnaud) qui ont décidé de poser à des copains des questions concernant les rapports amoureux. Depuis le départ de Pascal pour de nouveaux projets incroyables, Thomas a rejoint Pierre et Arnaud pour continuer cette belle aventure.À chaque épisode, nous recevons un nouvel invité et nous abordons un nouveau thème avec bienveillance.Avertissement : Il se peut qu'on dise des choses qui ne plairont pas à tout le monde… mais on va les dire quand-même.Un jeudi sur deux, écoutez nous sur Apple Podcasts - Spotify - Deezer - Podcast addict - Google podcasts - YouTube (sur le compte de Compagnie Club) - AcastMerci de nous écouter, abonnez-vous, commentez-nous et partagez-nous !Vous pouvez nous rejoindre sur instagram : @aucoeurdeshommespodcastou par mail : aucoeurdeshommespodcast@gmail.com« Au Coeur des Hommes » est un podcast de Compagnie Club. Cet épisode a été enregistré dans les studios de rstlss.com.Questions subsidiaires : Et toi, qu'est-ce que tu es prêt(e) à lâcher, par amour ? Réponds sur instagram @aucoeurdeshommespodcastPour découvrir le podcast de notre invité @romain_venture :https://dzr.page.link/RYAgPQhVCm75mFhN7Voir Acast.com/privacy pour les informations sur la vie privée et l'opt-out.Au Coeur des Hommes est un podcast Compagnie Club. Enregistré à Rstlss studio Hébergé par Acast. Visitez acast.com/privacy pour plus d'informations.

Stéphane Bern raconte le destin de Jean-François Lesueur, grand compositeur qui a connu le succès à l'opéra avant de devenir l'un des musiciens préférés de Napoléon 1er, pour qui il a tout spécialement composé des airs accompagnant la grandiose cérémonie du sacre de l'Empereur… Comment Napoléon s'est-il intéressé au musicien Jean-François Lesueur ? Comment Le Sueur a-t-il mis sa créativité au service de l'Empereur des Français ? La production intellectuelle et artistique a-t-elle toujours été attachée au service de l'image, de la politique et de la gloire française ? Pour en parler, Stéphane Bern reçoit Maryvonne de Saint-Pulgent, haute fonctionnaire, musicienne et auteure de "Les musiciens et le pouvoir en France, de Lully à Boulez" (Gallimard). Au Cœur de l'Histoire est réalisée par Loïc Vimard. Rédaction en chef : Benjamin Delsol. Auteur du récit : Pierre-Vincent Letourneau. Journaliste : Clara Leger. Distribué par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.

Stéphane Bern raconte le destin de Jean-François Lesueur, grand compositeur qui a connu le succès à l'opéra avant de devenir l'un des musiciens préférés de Napoléon 1er, pour qui il a tout spécialement composé des airs accompagnant la grandiose cérémonie du sacre de l'Empereur… Comment Napoléon s'est-il intéressé au musicien Jean-François Lesueur ? Comment Le Sueur a-t-il mis sa créativité au service de l'Empereur des Français ? La production intellectuelle et artistique a-t-elle toujours été attachée au service de l'image, de la politique et de la gloire française ? Pour en parler, Stéphane Bern reçoit Maryvonne de Saint-Pulgent, haute fonctionnaire, musicienne et auteure de "Les musiciens et le pouvoir en France, de Lully à Boulez" (Gallimard). Au Cœur de l'Histoire est réalisée par Loïc Vimard. Rédaction en chef : Benjamin Delsol. Auteur du récit : Pierre-Vincent Letourneau. Journaliste : Clara Leger. Distribué par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.

Toute cette semaine, Au Cœur de l'Histoire met "des soeurs à l'honneur", ces soeurs qui sont entrées dans l'Histoire à plusieurs. Pour le cinquième - et dernier - épisode, et clôturer cette série en beauté, Stéphane Bern raconte le destin de Maria et Rosy Carita, 2 sœurs qui ont révolutionné le monde de la beauté justement : la coiffure, le maquillage ou le bien-être, qu'elles ont transformé en… art ! Quelle place ont occupé les sœurs Carita dans l'univers de la mode et de l'élégance à la française ? Alors que la haute coiffure a longtemps été un métier masculin avec les célèbres figaros, en quoi ces deux sœurs ont été révolutionnaires ? Être deux a-t-il été une des clés de leur succès ? Pour en parler, Stéphane Bern reçoit Laurence Benaim, journaliste, auteure de "Carita, 11 Faubourg Saint Honoré" (Editions Assouline)Distribué par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.

Toute cette semaine, Au Cœur de l'Histoire met "des soeurs à l'honneur", ces soeurs qui sont entrées dans l'Histoire à plusieurs. Pour le cinquième - et dernier - épisode, et clôturer cette série en beauté, Stéphane Bern raconte le destin de Maria et Rosy Carita, 2 sœurs qui ont révolutionné le monde de la beauté justement : la coiffure, le maquillage ou le bien-être, qu'elles ont transformé en… art ! Quelle place ont occupé les sœurs Carita dans l'univers de la mode et de l'élégance à la française ? Alors que la haute coiffure a longtemps été un métier masculin avec les célèbres figaros, en quoi ces deux sœurs ont été révolutionnaires ? Être deux a-t-il été une des clés de leur succès ? Pour en parler, Stéphane Bern reçoit Laurence Benaim, journaliste, auteure de "Carita, 11 Faubourg Saint Honoré" (Editions Assouline)Distribué par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.

From the spark of curiosity ignited in Detroit to the cultural epicenter of Atlanta, Darralynn Hutson has been scripting stories since “my first article was written in 1990 in the 1900s,” she jokes, weaving words with love and purpose across decades. “I've been writing for over 25 years on Black culture. I love it.” And that passion first bloomed when a young Darralynn immersed herself in magazines like The Source, saying, “How else can you find out about who's the king of New York hip hop?” Her storytelling foundation was deeply personal too—growing up as an only child, “my joy, my passion, my excitement came from outside my house,” and writing became a tool to explore, escape, and express. She fondly recalls imagining “Twilight Zone episodes from a Black perspective,” like one where a family's rat takes over household responsibilities, embodying her early creative genius. That creative fire took her from Cass Tech to Spelman, where “Detroit demanded respect” and the AUC campus became its own cultural ecosystem. “We were developing it,” she says of Atlanta's evolution into a Black cultural mecca, remembering moments like OutKast performing in “hole in the wall concerts” and Spike Lee recruiting students for School Daze. Post-college, it was another Spelman sister, Sheila Brown of Upscale Magazine, who turned Darralynn's passion into profession, teaching her how “to use a mouse, how to interview, how to research,” and most importantly, how to trust her voice. Now an international journalist and TV/film writer, she honors that journey by capturing not only celebrity stories but also deeply personal ones, like writing obituaries for over 27 family members—a responsibility she holds sacred. “Everybody has a role to play,” she says, “I'm the writer of the family.” Whether it's penning features for Essence, profiling unsung icons, or celebrating Detroit's soul, Darralynn's pen remains her passport and purpose. “Writing was always something I did for fun. It was a passion. I didn't know it could be a profession.” Lucky for us, she found a way to turn her passion into pages that speak to our culture, our past, and our power. Detroit is Different is a podcast hosted by Khary Frazier covering people adding to the culture of an American Classic city. Visit www.detroitisdifferent.com to hear, see and experience more of what makes Detroit different. Follow, like, share, and subscribe to the Podcast on iTunes, Google Play, and Sticher. Comment, suggest and connect with the podcast by emailing info@detroitisdifferent.com

Stéphane Bern raconte, alors qu'on célèbre, en cette année 2025, le centenaire de sa naissance, avec de nombreux événements musicaux partout en France, le destin de Pierre Boulez, le compositeur qui s'est entièrement consacré à la musique contemporaine, mais aussi le chef d'orchestre qui a mené le monde de la musique à la baguette… Pourquoi la figure de Pierre Boulez reste-t-elle toujours aussi questionnée ? Comment décrire et qualifier sa musique ? En quoi son approche est-elle devenue une source d'inspiration ? Pour en parler, Stéphane Bern reçoit Laurent Bayle, commissaire général de l'année Boulez et auteur de "Pierre Boulez, aujourd'hui" (Odile Jacob). Au Cœur de l'Histoire est réalisée par Guillaume Vasseau. Rédaction en chef : Benjamin Delsol. Auteur du récit : Pierre-Vincent Letourneau. Journaliste : Clara Leger. Distribué par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.

Stéphane Bern raconte, alors qu'on célèbre, en cette année 2025, le centenaire de sa naissance, avec de nombreux événements musicaux partout en France, le destin de Pierre Boulez, le compositeur qui s'est entièrement consacré à la musique contemporaine, mais aussi le chef d'orchestre qui a mené le monde de la musique à la baguette… Pourquoi la figure de Pierre Boulez reste-t-elle toujours aussi questionnée ? Comment décrire et qualifier sa musique ? En quoi son approche est-elle devenue une source d'inspiration ? Pour en parler, Stéphane Bern reçoit Laurent Bayle, commissaire général de l'année Boulez et auteur de "Pierre Boulez, aujourd'hui" (Odile Jacob). Au Cœur de l'Histoire est réalisée par Guillaume Vasseau. Rédaction en chef : Benjamin Delsol. Auteur du récit : Pierre-Vincent Letourneau. Journaliste : Clara Leger. Distribué par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.

This week our guest is Duane Reid-Carlson, President of EDC Associates Ltd., an independent electricity-focused consulting firm based in Calgary, Canada. The firm focuses closely on Alberta power markets. EDC recently published its quarterly report and had some critical words about the government's proposed changes for Alberta's electricity market – called the Restructured Energy Market (REM) - describing it as a “highly complex, expensive, inefficient experiment.” The same sentiment was reflected by almost all the 36 organizations that participated in the Alberta Electricity System Operator (AESO)'s feedback process in early 2025. Stakeholders were nearly unanimous in their comments that the changes will make Alberta's electricity markets more expensive and less reliable – the exact attributes the redesign promised to fix. The sharp criticism spans all industry segments – from natural gas generators and renewable energy developers to consumers and transmission companies. Participants also raised the issue of the AESO skipping the regulatory review from the Alberta Utilities Commission (AUC), which provides an independent review by a regulatory body as a safeguard to prevent any unintended negative consequences from the redesign.   Peter and Jackie examine the concerns and potential long-term negative implications for Alberta's electricity grid, generators, and consumers with Duane Reid-Carlson. Content referenced in this podcast: Stakeholder submissions to the AESO on the Restructured Energy Market (REM) design, January 2025 Please review our disclaimer at: https://www.arcenergyinstitute.com/disclaimer/ Check us out on social media: X (Twitter): @arcenergyinstLinkedIn: @ARC Energy Research Institute Subscribe to ARC Energy Ideas PodcastApple PodcastsAmazon MusicSpotify 

Stéphane Bern raconte le – court – destin d'un Valois éphémère : François II propulsé roi à l'âge de 15 ans, à la mort de son père Henri II. Le fils de Catherine de Médicis est monté sur le trône dans un royaume meurtri par les prémices des guerres de religions, et il n'était visiblement pas prêt… Pourquoi François II est-il le plus méconnu des Valois ? Qui a véritablement tenu les rênes du royaume durant ses 17 mois de règne ? Qu'est-ce que la conjuration d'Amboise, qui le marqua ? Pour en parler, Stéphane Bern reçoit Jean-Michel Delacomptée, écrivain, auteur d'un portrait de François II dans "Grandeur de l'esprit français. Dix portraits d'Ambroise Paré à Saint-Simon" (Cherche-Midi). Au Cœur de l'Histoire est réalisée par Pierre Cazalot. Rédaction en chef : Benjamin Delsol. Auteur du récit : Simon Veille. Journaliste : Armelle Thiberge. Distribué par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.

Stéphane Bern raconte le – court – destin d'un Valois éphémère : François II propulsé roi à l'âge de 15 ans, à la mort de son père Henri II. Le fils de Catherine de Médicis est monté sur le trône dans un royaume meurtri par les prémices des guerres de religions, et il n'était visiblement pas prêt… Pourquoi François II est-il le plus méconnu des Valois ? Qui a véritablement tenu les rênes du royaume durant ses 17 mois de règne ? Qu'est-ce que la conjuration d'Amboise, qui le marqua ? Pour en parler, Stéphane Bern reçoit Jean-Michel Delacomptée, écrivain, auteur d'un portrait de François II dans "Grandeur de l'esprit français. Dix portraits d'Ambroise Paré à Saint-Simon" (Cherche-Midi). Au Cœur de l'Histoire est réalisée par Pierre Cazalot. Rédaction en chef : Benjamin Delsol. Auteur du récit : Simon Veille. Journaliste : Armelle Thiberge. Distribué par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.

Stéphane Bern raconte un écrivain qui a lui-même raconté le destin du Roi-Soleil comme personne : Racine, le célèbre dramaturge, l'auteur de Phèdre ou d'Andromaque, devenu historiographe officiel de Louis XIV, chargé d'établir la chronique officielle du règne et d'offrir une histoire tout à la gloire du monarque... Pourquoi Racine a-t-il été choisi par Louis XIV pour devenir son historiographe ? Pourquoi Louis XIV a-t-il montré un lien aussi indéfectible envers Racine ? Comment Racine a-t-il permis au Roi-Soleil de briller plus encore ? Pour en parler, Stéphane Bern reçoit Claire L'Hoër, agrégée d'Histoire, conférencière et auteure de "La Galaxie Louis XIV" (Fayard). Au Cœur de l'Histoire est réalisée par Mathieu Fret. Rédaction en chef : Benjamin Delsol. Auteure du récit : Albane Le Conte. Journaliste : Clara Leger.

Stéphane Bern raconte un écrivain qui a lui-même raconté le destin du Roi-Soleil comme personne : Racine, le célèbre dramaturge, l'auteur de Phèdre ou d'Andromaque, devenu historiographe officiel de Louis XIV, chargé d'établir la chronique officielle du règne et d'offrir une histoire tout à la gloire du monarque... Pourquoi Racine a-t-il été choisi par Louis XIV pour devenir son historiographe ? Pourquoi Louis XIV a-t-il montré un lien aussi indéfectible envers Racine ? Comment Racine a-t-il permis au Roi-Soleil de briller plus encore ? Pour en parler, Stéphane Bern reçoit Claire L'Hoër, agrégée d'Histoire, conférencière et auteure de "La Galaxie Louis XIV" (Fayard). Au Cœur de l'Histoire est réalisée par Mathieu Fret. Rédaction en chef : Benjamin Delsol. Auteure du récit : Albane Le Conte. Journaliste : Clara Leger.

Stéphane Bern nous entraîne dans le Paris virevoltant du 19ᵉ siècle pour découvrir le destin hors du commun d'Émile de Girardin, un journaliste devenu, coûte que coûte – et non sans se faire de nombreux ennemis – l'empereur de la presse française… et l'artisan d'un texte historique également, celui instituant la liberté de la presse en 1881… En quoi Émile de Girardin a-t-il inventé un nouveau modèle de journalisme ? Quel a été son rôle dans la législation pour la liberté de la presse ? Que reste-t-il de lui encore aujourd'hui dans la presse française ? Pour en parler, Stéphane Bern reçoit Adeline Wrona, professeure à l'Université de la Sorbonne et auteure de "Emile de Girardin, le Napoléon de la presse" (Gallimard). Au Cœur de l'Histoire est réalisée par Mathieu Fret. Rédaction en chef : Benjamin Delsol. Auteur du récit : Eloi Audoin-Rouzeau. Journaliste : Clara Leger.