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Category New Zealand

How global trade is changing as nations move away from the US

How global trade is changing as nations move away from the US

The world economy is entering a new phase of diversification. Countries that once depended heavily on US markets are now forming fresh alliances, r...
New Zealand dollar hits six-month low as RBNZ delivers surprise rate cut

New Zealand dollar hits six-month low as RBNZ delivers surprise rate cut

New Zealand’s central bank cut its Official Cash Rate (OCR) by 50 basis points to 2.5%, moving faster than most forecasters had expected. The Reser...
Amazon launches AWS in New Zealand with NZ$7.5bn investment

Amazon launches AWS in New Zealand with NZ$7.5bn investment

Amazon has formally launched its cloud computing services in New Zealand, reviving a plan first unveiled in 2021 to invest more than NZ$7.5 billion...
New Zealand jobless rate hits 5-year high as economic slowdown deepens

New Zealand jobless rate hits 5-year high as economic slowdown deepens

New Zealand’s job market loses steam, with unemployment rising to a 15-year high of 5.2% in Q2. That is the strongest reading since the first full ...
New Zealand Bans Crypto ATMs to Combat Money Laundering While Promising to Support Legit Crypto Businesses

New Zealand Bans Crypto ATMs to Combat Money Laundering While Promising to Support Legit Crypto Businesses

New Zealand intends to ban crypto ATMs to tackle money laundering operations in the country. Criminals use crypto ATMs to convert cash into digital...