Wellington
Coverage of Wellington in the Nexus archive.
- New Zealand Set to Raise Key Rate, Decision Less of a Slam Dunk
New Zealand's central bank, the Reserve Bank of New Zealand, held interest rates for the third consecutive meeting after policymakers were evenly split on whether to raise rates to address medium-term inflation. Governor Anna Breman announced this during a news conference in Wellington.
- Wellington’s Geary Says Stocks Rotation Trade Is Coming Back
Wellington's Geary predicts a return of the stocks rotation trade, suggesting a shift in market dynamics. The analysis focuses on potential changes in investment strategies.
- Storm cuts off New Zealand’s capital as flights, ferries cancelled
Gale-force winds and rough seas caused ferry and flight cancellations, road closures, and evacuations in New Zealand’s capital, Wellington. A light aircraft was blown over at Wellington airport but was quickly righted with no injuries.
- I co-own a vending machine business with my 10-year-old. He's learning tough lessons.
Christina Nicolson and her 10-year-old son Landon started a vending machine business over a year ago after Landon noticed demand for snacks at a basketball game. They purchased a machine for $1,500, faced initial financial challenges, and split profits 50/50 after paying 26% to the village of Wellington. Landon is learning business lessons about revenue versus profit and operational responsibilities.
- RBNZ’s Breman Says Country Finding Solutions to Protectionism
Anna Breman, governor of the Reserve Bank of New Zealand (RBNZ), stated the country is finding solutions to protectionism. The RBNZ held interest rates for a third consecutive meeting, with policymakers evenly divided on whether to raise rates to address medium-term inflation.
- New Zealand’s Wellington hit by ‘disgusting’ deluge of faeces, sanitary items after storm
New Zealand’s capital, Wellington, experienced a wastewater overflow in Island Bay after a storm blocked pipes, flooding five homes with faeces and sanitary products. Wellington Water confirmed crews are cleaning and disinfecting the affected properties.
- ‘How are we going to survive this?’ Wellington faces six-month wait to halt sewage spill
A sewage spill in Wellington has been ongoing since February after a wastewater plant failure, with a fix expected by November and full repairs completed by late next year at a cost of NZ$53.5m. The spill has been releasing millions of litres of raw and partially screened human effluent into the Pacific Ocean. Officials have announced a timeline for the repair.
- New Zealand Firms Turn Pessimistic as Costs Rise, Demand Wobbles
New Zealand firms are becoming increasingly pessimistic due to rising operational costs and unstable demand. The economic challenges are prompting businesses to reassess their strategies amid financial pressures.
- NZ Finance Minister Says Economic Recovery Delayed, Not Derailed
New Zealand's finance minister, Nicola Willis, stated that the economic recovery is delayed but not derailed. The government will adopt a cautious approach to the fuel crisis due to fiscal constraints, avoiding unrestrained spending to address higher pump prices.
- New Zealand declares state of emergency in Wellington as floods hit
New Zealand has declared a state of emergency in Wellington due to severe flooding. The floods have caused vehicles to be submerged, trees to be uprooted, and houses to be damaged by landslides.
- New Zealand declares state of emergency in Wellington as floods hit
New Zealand has declared a state of emergency in Wellington due to severe flooding. The floods caused vehicles to be submerged, trees to be uprooted, and houses to be damaged by landslides.
- FBI Opens Standalone Office in New Zealand
FBI Director Kash Patel traveled to New Zealand to officially open a dedicated law enforcement attaché office in Wellington. This marks an expansion of FBI's international presence and law enforcement capabilities in the Asia-Pacific region.