US president Biden hosts Pacific leaders in latest pivot

US president Biden hosts Pacific leaders in latest pivot
Diplomatic relations for Mark Brown and Joe Biden. (Image: Getty)
Paul McBeth
US president Joe Biden is hosting 18 leaders of Pacific nations, and recognised Niue and the Cook Islands as sovereign states, in the latest push by the US to shore up its position in the ocean to its western border.New Zealand, represented by foreign minister Nanaia Mahuta, was among the governments to affirm their support for the declaration on the US-Pacific partnership, outlining a shared vision for a resilient Pacific in seven key areas: political leadership and regionalism, partnership and cooperation, climate change and disasters, ocean...

More Economy

Business voices fear fallout from environmental rollbacks
Economy

Business voices fear fallout from environmental rollbacks

Conversations about decreasing environmental protections could have consequences for NZ.

BNZ ekes out gains in market share as 1H deposits and loans lift
Economy

BNZ ekes out gains in market share as 1H deposits and loans lift

The cost-to-income ratio was 36.2% versus 32.5% in the same period a year earlier.

Weaker than expected jobs data won't move the rate cut dial
Economy

Weaker than expected jobs data won't move the rate cut dial

The March quarter jobs data was gloomier than expected.

Rebecca Howard 01 May 2024
Cautious lending keeps lid on default rates – Reserve Bank
Finance

Cautious lending keeps lid on default rates – Reserve Bank

Non-performing mortgages have overtaken Covid levels.

Jem Traylen 01 May 2024