Articles tagged with Rates
New Zealand Condemns Iran's Actions and Urges Peaceful Resolution Amid Crisis
6 days ago | 97 viewsNew Zealand condemns Iran’s nuclear program, regional destabilization, and repression of its people, emphasizing the regime’s loss of legitimacy. It strongly denounces Iran’s retaliatory attacks on neighboring countries, urges a quick end to the crisis, and calls for renewed negotiations under international law. New Zealand supports affected citizens, monitors the situation closely, and encourages Iranians’ right to determine their future peacefully.
Tags: New Zealand Iran US Israel Qatar United Arab Emirates Saudi Arabia Kuwait Bahrain JordanApply Now: New Zealand’s Applied Doctorates Scheme Supports Industry-Driven PhD Research
1 week ago | 134 viewsThe Applied Doctorates Scheme, supported by a $20 million government investment, connects PhD students with industry to address real-world challenges while developing advanced research and commercial skills. The 2025 cohort focused on energy innovation with 25 industry-led projects, and the 2026 round is now open for applications centered on Aerospace, Defence, and Security. This initiative aims to build a skilled research workforce that drives economic and community benefits for New Zealand through applied science.
Tags: Shane Reti Contact Energy Vector Victoria University Rio Tinto New Zealand Aluminium Smelter Applied Doctorates Scheme Science Innovation and Technology Aerospace Defence Security Biotechnology BioprocessingLargest Ever 22% Drop in District Court Criminal Backlog Boosts Justice for Victims
2 weeks ago | 149 viewsCourts Minister Nicole McKee announced a 22 percent reduction in the District Court’s criminal backlog over the past year, equating to 1,562 fewer cases awaiting hearing, thanks to coordinated efforts across the justice sector. Key improvements include better judicial rostering, trial preparedness, fewer adjournments, enhanced performance reporting, and upcoming legislative reforms to further expedite justice. This progress significantly benefits victims by reducing delays, stress, and uncertainty, while the Family Court backlog also decreased by 9 percent during the same period.
Tags: Nicole McKee Courts Minister District Court judiciary justice sector criminal backlog Family Court Community Magistrates legislative reform victimsLargest Ever 22% Drop in District Court Backlog Boosts Justice for Victims
2 weeks ago | 127 viewsCourts Minister Nicole McKee announced a 22 percent reduction in the District Court’s criminal backlog over the past year, equating to 1,562 fewer cases waiting to be heard, reflecting a coordinated justice sector effort. Key improvements include better judicial rostering, trial preparedness, fewer adjournments, and enhanced performance reporting, resulting in faster justice and reduced stress for victims. Further reforms, such as expanding Community Magistrates' powers and promoting remote court participation, aim to continue this progress and improve court efficiency nationwide.
Tags: Nicole McKee District Court judiciary criminal backlog justice sector victims Family Court Community Magistrates legislative reform Auckland metro courtsGovernment to Introduce Rates Cap Limiting Council Increases to 4% from 2027
3 months ago | 375 viewsThe Government will introduce a rates cap limiting annual council rates increases to between 2 and 4 percent per capita, aiming to control rising household costs while ensuring councils can maintain essential services. The cap will apply from January 2027 with a transition period for councils to adapt, and a regulator will oversee exceptions for extreme circumstances or justified revenue needs. Legislation will be finalized by early 2026, with the full regulatory framework implemented by mid-2029, including ongoing monitoring and reporting requirements for councils.
Tags: Simon Watts Government Local Government Minister councils rates cap rates increases household budgets Local Government Act Department of Internal Affairs regulatorCosta Rica Nears CPTPP Membership as Trade Ministers Advance Accession Talks
3 months ago | 378 viewsTrade and Investment Minister Todd McClay welcomed progress on Costa Rica’s accession to the CPTPP, with ministers planning to announce substantial conclusions before year-end, making Costa Rica the second economy to join after the UK. Accession processes will also begin with Uruguay this year and with Indonesia, the Philippines, and the UAE in 2026, while discussions continue with other aspirant countries to meet the Auckland Principles. Additionally, inaugural Trade and Investment Dialogues with the EU and ASEAN were held to strengthen cooperation on digital trade, supply chain resilience, and support for WTO reform, emphasizing the importance of upholding international trade rules.
Tags: Todd McClay Costa Rica CPTPP United Kingdom Uruguay Indonesia Philippines United Arab Emirates European Union ASEANNZ-UAE Bilateral Investment Treaty Boosts Economic Cooperation and Trade
3 months ago | 384 viewsThe NZ-UAE Bilateral Investment Treaty has come into force, enhancing economic cooperation by providing clear investment rules and complementing the existing Comprehensive Economic Partnership Agreement. Both countries view these agreements as key to increasing two-way investment and strengthening private sector engagement, supported by the newly established NZ-UAE Business Council. The UAE serves as a major market for New Zealand and a strategic gateway to a rapidly growing and diversifying regional economy.
Tags: Todd McClay Thani bin Ahmed Al Zeyoudi New Zealand United Arab Emirates Bilateral Investment Treaty Comprehensive Economic Partnership Agreement Trade and Investment Business CouncilNZ-UAE Bilateral Investment Treaty Boosts Economic Cooperation and Trade
3 months ago | 392 viewsThe NZ-UAE Bilateral Investment Treaty has come into force, enhancing economic cooperation by providing clear investment rules and complementing the existing Comprehensive Economic Partnership Agreement. Both countries view these agreements as crucial for increasing two-way investment, strengthening private sector engagement, and supporting New Zealand's economic growth. Additionally, the establishment of the New Zealand-UAE Business Council aims to further boost trade, investment, and collaboration between the two nations.
Tags: Todd McClay Thani bin Ahmed Al Zeyoudi New Zealand United Arab Emirates Bilateral Investment Treaty Comprehensive Economic Partnership Agreement Trade and Investment MinisterFinance Minister Hails OCR Cut, Easing Pressure on Kiwi Households and Businesses
5 months ago | 382 viewsFinance Minister Nicola Willis highlights the positive impact of the 50 basis point Official Cash Rate reduction on Kiwi households and businesses, easing financial pressure. The reduction in OCR will lead to lower interest rates for mortgage-holders and businesses, stimulating growth and investment. The Government's focus on responsible economic management, along with lower interest rates, aims to support recovery and drive policies for job and income growth to benefit all New Zealanders.
Tags: Official Cash Rate Kiwi households Finance Minister Nicola Willis monetary policy interest rates growth jobs investment inflationNew Zealand Government Implements Groundbreaking Animal Welfare Reforms for Pigs by 2035
5 months ago | 636 viewsThe Government of New Zealand is proposing changes to the Animal Welfare Act 1999 to improve welfare outcomes for pigs, including new requirements for farrowing crates and mating stalls, with the regulations set to take effect on December 19, 2035. These changes aim to elevate animal welfare standards in New Zealand, balancing the needs of the farming industry with public expectations, following extensive consultation with stakeholders. The proposed amendments will increase minimum spacing for grower pigs, limit sow confinement in farrowing crates to seven days, and restrict mating stall use to three hours at a time, emphasizing the importance of providing manipulable materials and meeting space requirements for pigs.
Tags: Animal Welfare Act 1999 pigs New Zealand Andrew Hoggard farrowing crates mating stalls space requirements farmers regulations welfare outcomesGlobal Uncertainty Impacts Economy: Minister Willis on Latest Stats NZ Data
5 months ago | 617 viewsFinance Minister Nicola Willis highlighted the impact of global uncertainty on consumers and businesses based on released economic data. Stats NZ reported a 0.9% decline in real Gross Domestic Product in the second quarter following an initial increase. Willis attributed this downturn to international turmoil and tariffs affecting investment decisions. Looking ahead, there are positive signs of economic recovery, with lower interest rates, increased mortgage lending, and a forecasted strengthening of economic growth as tariff-related uncertainty diminishes.
Tags: Economic data global uncertainty consumers businesses Finance Minister Nicola Willis Gross Domestic Product tariffs investment decisions interest ratesNew FIT Partnership Boosts Trade and Investment Opportunities
5 months ago | 482 viewsNew Zealand, Singapore, the United Arab Emirates, and Switzerland have formed the Future of Investment and Trade (FIT) Partnership to enhance trade and investment opportunities and support economic growth. The partnership includes several other countries like Brunei, Costa Rica, and Iceland, among others. Discussions on establishing the FIT Partnership began a year ago, with a focus on practical initiatives to open markets, attract investment, and remove barriers to benefit businesses and strengthen supply chains.
Tags: New Zealand Singapore United Arab Emirates Switzerland Todd McClay Brunei Costa Rica Iceland Liechtenstein MoroccoNew Zealand's Push for Suicide Prevention: Construction Industry Wellbeing Survey Launch
5 months ago | 612 viewsMental Health Minister Matt Doocey participated in the launch of the Construction Industry Wellbeing Survey on World Suicide Prevention Day, emphasizing the importance of changing the narrative on suicide to reduce stigma and encourage seeking help. New Zealand faces high suicide rates, with 617 suspected suicides last year, leading to increased investment of $16 million per year in the new Suicide Prevention Action Plan, which includes various health and cross-agency actions to enhance access to support and prevention services. The government is committed to providing timely support for those at risk of suicide, promoting wellbeing campaigns, establishing crisis recovery cafes, and funding peer support workers in emergency departments to strengthen suicide prevention efforts in New Zealand.
Tags: Mental Health Minister Matt Doocey Suicide Prevention Construction Industry Wellbeing Survey New Zealand Suicide Prevention Action Plan Suicide Rates SupportNew Zealand–UAE Trade Agreement Brings Major Benefits and Opportunities
6 months ago | 728 viewsThe New Zealand–United Arab Emirates Comprehensive Economic Partnership Agreement (CEPA) has come into effect, offering significant tariff savings and market access for Kiwi exporters. Key goods like dairy, red meat, and fruit will now enter the UAE duty-free, with the agreement aiming to enhance trade and investment opportunities between the two countries. The CEPA also paves the way for increased bilateral trade, job creation, and economic growth, aligning with New Zealand's export expansion goals.
Tags: New Zealand United Arab Emirates Comprehensive Economic Partnership Agreement Todd McClay Agriculture Trade Investment Minister CEPA Kiwi exporters tariff savingsNew Zealand's Gender Pay Gap Shrinks to 5.2% - Historic Low
6 months ago | 688 viewsNew Zealand's gender pay gap decreased from 8.2% to 5.2% in the June 2025 quarter, the lowest since data collection began in 1998, as reported by Stats NZ. Minister for Women, Nicola Grigg, hailed the improvement as positive news for women in the country. The government is dedicated to economic growth, with efforts to reduce pay gaps, increase wages, and create more job opportunities, though challenges persist in addressing ethnic pay gaps.
Tags: New Zealand gender pay gap Stats NZ Nicola Grigg Minister for Women wages inflation interest rates economic empowerment ethnic groups