House prices in New Zealand are booming as the rate rises

Anne Bate felt “crazy” trying to shrink in the midst of a global pandemic. But selling her home in the paradise of the fishing village of Pahi in the northwest of the north island of New Zealand proved to be an easier part. It was in Timar, its destination some 1,360 km away on the South Island, that Bate experienced the other side of the market. “It was like fast and dead,” she said. Even as a cash buyer, she said it was a “miracle” that she was able to find a place and get closer to her grandchildren. New

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Asian stocks are slipping as Wall St advises on the bear market. Reuters

3/3 © Reuters. FILE PHOTO: A man with a protective mask, in the middle of the coronavirus epidemic (COVID-19), walks past an electronic board showing stock indices of various countries, including the Russian Trading System (RTS) index, which is empty, in front of a brokerage house in 2/3 Scott Murdoch HONG KONG (Reuters) – Asian stocks weakened on Tuesday after Wall Street reached a confirmed bearish market milestone and bond yields peaked in two decades for fears that aggressive US interest rate hikes will push the world’s largest economy in recession. MSCI’s broadest Asia-Pacific stock index outside of Japan fell

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John Allen is resigning from Brookings over allegations of lobbying in Qatar

Retired Marine General John Allen has resigned from the Brookings Institution, a prestigious Washington political foundation, after being under scrutiny for his alleged involvement in an illegal lobbying campaign for Qatar. In a statement released Sunday, the think-tank confirmed Allen’s departure, after put him on administrative leave from his role as president last week. The decision was made after the court file showed that the FBI was investigating whether Allen helped Qatar to manage the 2017 diplomatic crisis and then disguised his involvement in those efforts as part of a federal investigation into the Gulf country’s relations with the Donald

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What you need to know now Reuters

2/2 © Reuters. The Ukrainian national flag is seen through the window of an apartment destroyed during the Russian invasion of Ukraine in the city of Borodianka, Kiev region, Ukraine, May 13, 2022. REUTERS / Vladyslav Musiienko 2/2 (Reuters) – Ukraine remains under control of the Azot chemical plant in Sierodonetsk, where hundreds of civilians are hiding amid bitter fighting, the region’s governor said on Saturday after a Russian-backed separatist claimed 300 to 400 Ukrainian fighters were also captured there. FIGHTING * In a video address late Saturday, President Volodymyr Zelensky said that although “fierce street fighting continues in Sierodonetsk”,

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The new owners of AC Milan are betting that they can lead to a top season

Hours after landing in Milan on the last day of May, Gerry Cardinale bypassed reporters camping in front of his hotel and headed to the home of an Italian football legend. Cardinale, founder of the American Investment Group RedBirdhe had just signed a 1.2 billion-euro deal to buy AC Milan from hedge fund Elliott Management, but, before announcing it to the city’s public and football-obsessed media on June 1, the 54-year-old wanted to win over Paolo Maldini. “It was very important to me that I did that,” Cardinale said of his lunch with Maldini, one of Milan’s most respected captains

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IAEA warns of “deadly blow” to nuclear deal as Iran removes Reuters cameras

2/2 © Reuters. FILE PHOTO: Iranian Flag Flies in Front of International Atomic Energy Agency (IAEA) Headquarters, Amid Crown Virus Pandemic (COVID-19), Vienna, Austria, May 23, 2021. REUTERS / Leonhard Foeger / File Photo 2/2 By Francois Murphy VIENNA (Reuters) – Iran on Thursday dealt an almost fatal blow to the prospect of reviving Iran’s 2015 nuclear deal as it began removing essentially all International Atomic Energy Agency monitoring equipment installed under the agreement, IAEA chief Rafael Grossi said. Iran has warned retaliation if the IAEA’s 35-nation board adopts a resolution drafted by the United States, France, Britain and Germany

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Apple bypasses Goldman and goes to his house for a new lending service

Apple is making its biggest step to date in finance by offering loans directly to consumers for its new product “buy now, pay later”, taking on the role played by banking partners such as Goldman Sachs in other lending services. Short-term loans provided through iPhone’s new Apple Pay Later service, announced Monday, will be given through a wholly owned subsidiary, Apple Financing LLC, the company said. Apple Pay later It will be accepted by millions of US retailers who are already embracing the iPhone mobile and online payment service, giving it a wide reach and an enviable customer base that

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Japan’s GDP fell less in the first quarter than previously thought due to higher Reuters spending

© Reuters. FILE PHOTO: People Wearing Protective Masks Look in Mirror at Tokyo Mall Amid Coronavirus Outbreak (COVID-19) in Tokyo, Japan, August 19, 2021. REUTERS / Athit Perawongmetha Daniel Leussink TOKYO (Reuters) – Japan’s economy shrank slightly less than originally reported in the first quarter, as private consumption remained resilient in the face of a recurrence of COVID-19 and companies renewed their shares, offsetting declining business spending. While the slower contraction is welcome news for policymakers hoping the economy will return to growth this quarter, persistent supply chain disruptions remain a risk to economic momentum in April-June. Revised data on

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The Israeli coalition was defeated by a vote on West Bank laws

Israel’s ruling coalition suffered a severe blow Monday night after failing to pass a bill on rules governing Jewish settlers in the occupied West Bank, a vote that has become a critical test of the government’s viability. The defeat came two months after the government lost its parliamentary majority and deepened the uncertainty about how long the coalition, which spans the entire political spectrum, can stay in power. The government, which includes both Jewish nationalists and, for the first time in Israeli political history, the Islamist Arab Party, was formed a year ago by eight parties united mainly by the

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China may service contracts for the third month in a row

© Reuters. Staff members are seen in the form of silhouettes in a restaurant, following a ban on dinner services in the midst of a coronavirus outbreak (COVID-19), in the Central Business District (CBD) of Beijing, China, June 2, 2022. REUTERS / Tingshu Wang BEIJING (Reuters) – Chinese service activities fell for the third month in a row in May, indicating a slow recovery ahead despite easing some quarantine in Shanghai and neighboring cities, a survey of private companies showed on Monday. The Caixin Purchasing Managers’ Index (PMI) rose to 41.4 in May from 36.2 in April, rising slightly as

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