The New Zealand Reserve Bank has hiked interest rates by half a percentage point to two percent as it battles to contain inflation, which is currently at a 30-year high of 6.9 percent. It is the second consecutive 50 basis points (bp) increase to two percent, with the Reserve Bank of New Zealand (RBNZ) indicating…
New Zealand Increases Official Cash Rate to Rein in Inflation
May 25, 2022
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Scientists Will Set 1,000 Traps for Murder Hornets This Year
SPOKANE, Wash.—Scientists will set about 1,000 traps this year in their quest to wipe out the Asian giant hornet in Washington, the state Department of Agriculture said Tuesday. Scientists believe the hornets, first detected in the Pacific Northwest state in 2019, are confined in Whatcom County, which is located on the Canadian border north of…
Constitution Could Become ‘Discriminatory, Racist’ If Indigenous Voice Is Entrenched: Aboriginal Leader Warren Mundine
Changing the constitution to include the ‘Indigenous Voice’ is “dangerous” as it could risk turning the constitution into a tool for discrimination, said Australian Indigenous leader Nyunggai Warren Mundine. The push for constitutional reforms to recognise Indigenous people came after newly elected Australian Prime Minister Anthony Albanese pledged he would commit to the Uluru Statement…
Anaheim Walks Away From Angel Stadium Deal
May 25, 2022
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ANAHEIM, Calif.—The Anaheim City Council voted unanimously May 24 to immediately void a pending $320 million deal with the Angels baseball team to purchase Angels Stadium. Councilors walked away from three years of negotiating with team owner Arte Moreno’s development management company, SRB Management, following allegations of corruption revealed in two FBI affidavits released last…
Increasing Petrol Prices Hit Australian Consumer Confidence
Australian petrol prices are trending toward the record highs witnessed in March as the reduction in fuel excise introduced by the previous Coalition government has had little effect on the global price movement. In its latest weekly report, the Australian Institute of Petroleum said the national average retail price for petrol in the week ending…
Stormy Repeat: NOAA Predicts Busy Atlantic Hurricane Season
Federal meteorologists are forecasting a record-shattering seventh straight unusually busy Atlantic hurricane season. The National Oceanic and Atmospheric Administration (NOAA) predicted Tuesday that the summer in the Atlantic will produce 14 to 21 named storms, six to 10 becoming hurricanes and three to six turbo-charging into major hurricanes with winds greater than 110 mph. Even…
Australian PM Calls on Beijing to Remove Trade Sanctions
May 25, 2022
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New Prime Minister Anthony Albanese has continued Australia’s tough stance towards Beijing’s economic coercion on local exporters, telling the Chinese regime that they should remove tariffs on export products if they wished to see diplomatic ties restored. This comes after the Chinese Communist Party (CCP) Premier Li Keqiang sent a congratulatory letter to the new…
Defending Stanley Cup Champion Lightning Back in East Finals
TAMPA, Fla.—Jon Cooper had every reason to be confident the two-time defending Stanley Cup champion Tampa Bay Lightning could keep their bid for a three-peat alive. “Our story is not finished being written,” the coach said earlier this month with his team on the brink of elimination in the first round against the Toronto Maple…
IndyCar Star Newgarden Chasing Elusive Indianapolis 500 Win
INDIANAPOLIS—Josef Newgarden has been IndyCar’s most consistent winner over the last eight seasons. His 22 trips to victory lane are a series high. He has won two or more races six straight years and is chasing his third league championship in six seasons. But when the 31-year-old Tennessean arrives in Indianapolis each May, those impressive…
LIVE UPDATES: Ukraine: Russia Must Withdraw to Pre-War Positions for Talks
The latest on the Russia–Ukraine crisis, May 25. Click here for updates from May 24. Ukraine: Russia Must Withdraw to Pre-War Positions for Talks Ukraine’s president said Wednesday that Russia must pull back to its pre-war positions as a first step before diplomatic talks, a negotiating line that Moscow is unlikely to agree to anytime…
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