1 in 3 uni students experience serious financial hardship. Could concession cards for all help? 
Physicists zoom into the birth of cosmic rainstorms with new CERN study 
‘Buy now, pay later’ doesn’t feel like debt. For young people, that can be a big problem 
AI is supercharging money scams – here’s what you can do to protect yourself 
Goldman Sachs Forecasts Fed Rate Hike as Inflation Risks Rise 
Banking scandal rocks Brazil’s politics and the country’s presidential election in October 
What is Zionism? The different meanings of a contested term 
Unsustainable – or manageable? We don’t yet know how data centres will impact Australia’s environment 
Big AI wants to slow down AI research. Is it a safety pause or a strategic retreat? 
Add as a preferred source on Google
While commodity prices, agricultural and Milk is weighing on New Zealand's economic outlook and its currency, domestic economy is showing recovery led by consumers.
- As per latest data from Reserve bank of New Zealand (RBNZ), credit card spending rose by 10.5% in August, fastest pace since May, 2006. This is no individual outlier, given the fact that credit card spending rose at similar pace in July at 9.7%, which was fastest pace since Janaury 2008.
New Zealand's economy is commodity driven but agricultural and dairy, for which demand is likely to revive much faster than that of coal, iron ore or Copper.
Moreover Reserve Bank of New Zealand has started pursuing one of the most aggressive monetary policy in its recent history and it still very dovish and likely to cut rates further.
Despite improvement, outlook for New Zealand Dollar is still on the downside as RBNZ is expected to cut rates further. This month RBNZ has reduced rates for third consecutive times to 2.75%.
New Zealand Dollar is currently trading at 0.636 against Dollar.
