Asian shares tracked solid Wall Street performance on Wednesday as strong overnight earnings for US retail giants pointed to further scope for the Federal Reserve to tackle inflation with rate hikes.33, breaking through the 29,000 barrier for the first time since January 6.
The Reserve Bank of New Zealand believes inflation has peaked, but it is two years away from returning to the target band.On Wednesday, New Zealand's central bank met market expectations by lifting the official cash rate (OCR) to three per cent.
As New Zealand's COVID-19 case and hospitalisation numbers retreat, health officials will provide fresh advice to government this month on lifting restrictions.However, there is still no timeline on expanding vaccination for Kiwis eager to get a second booster.
Azuma Bennett was shot up to eight times at point blank range on Friday morning. His friends remember him as an 'exceptional human being'. Find out more.
China's defence minister has delivered an ominous warning to the rest of the world. Find out more here.
US First lady Jill Biden has tested positive for COVID-19 and was experiencing mild symptoms, the White House has announced.The Bidens have been vacationing in South Carolina since August 10, and the 71-year-old first lady began experiencing symptoms on Monday.
NASA's gigantic Space Launch System moon rocket, topped with an uncrewed astronaut capsule, is set to begin an hours-long crawl to its launch pad ahead of the behemoth's debut test flight later this month.The 98 metre-tall rocket is scheduled to embark on its first mission to space - without any humans - on August 29.
Russia is blaming sabotage for explosions at one of its military bases in Moscow-annexed Crimea while Kyiv hinted it was responsible as Ukrainian officials said their strategy was to destroy supply lines supporting Russia's invasion.The blasts on Tuesday engulfed an ammunition depot at a military base in the north of the Crimean peninsula, disrupting trains and forcing the evacuation of 2000 people from a nearby village, according to Russian officials and news agencies.