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General News from around the world

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Category: News
Category : News
Author: Zane Small

The Reserve Bank is looking to restrict lending to house buyers whose debts outstrip their income - a tool known as debt-to-income (DTI) ratio limits.

Finance Minister Grant Robertson has agreed "in principle" to allow DTIs, which the Reserve Bank has described as "likely to be the most effective additional tool" to help stabilise ballooning house prices. 

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Article: https://www.newshub.co.nz/home/politics/2021/06/debt-to-income-limits-reserve-bank-looks-to-restrict-lending-to-house-buyers-whose-debts-outstrip-income.html
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 So now it will only be investors that buy houses, increasing the price of the housing market and not those that are needing the house in the first place... right!
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Category: News
Category : News
Author: Madison Reidy

If you're wanting to buy a home, you might need to lower your expectations about what you can afford after the Government gave the Reserve Bank the power to cap mortgages against your income.

That means the amount you're allowed to borrow could be cut.

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Article: https://www.newshub.co.nz/home/money/2021/06/broker-warns-poor-will-get-poorer-if-government-introduces-debt-to-income-caps-to-stop-monster-mortgages.html
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Category: News
Category : News
Author: Hamish Cardwell

Wellington retailers in the central shopping corridor are scared a plan to ban cars from the area will cause businesses to close or abandon the area.

What is known as the Golden Mile - Lambton Quay, Manners and Willis Streets and Courtenay Place - will only be open to buses, cyclists and pedestrians.

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Article: https://www.newshub.co.nz/home/new-zealand/2021/06/wellington-businesses-anxious-over-golden-mile-car-ban-plan.html
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Category: News
Category : News
Author: Hamish Cardwell

Wellington is moving ahead with plans to ban cars from four main "golden mile" streets - Courtenay Place, Lambton Quay, Manners and Willis Streets.

The streets will only be open to buses, cyclists and pedestrians. Side streets will also be closed off where they intersect with them.

Car parks would be removed and footpaths widened, and Midland Park on Lambton Quay would also be expanded.

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Article: https://www.newshub.co.nz/home/new-zealand/2021/06/wellington-to-ban-cars-from-city-s-golden-mile-streets.html
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Category: News
Category : News
Author: Dr Bryce Edwards

Analysis - Is New Zealand navigating the China-West, politics-trade relationship in a craven way? Increasingly that seems to be the view from overseas, and especially Australia.

New Zealand's relationship with China has been in the spotlight while Scott Morrison has been meeting Jacinda Ardern in Queenstown

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Article: https://www.rnz.co.nz/news/on-the-inside/443769/australia-turns-up-heat-on-nz-s-relationship-with-china
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Category: News
Category : News
Author: Jamie Ensor

New Zealand has the least favourable view of the United States of any country a new survey shows.

US nonpartisan fact tank Pew Research Center has released the results of a new survey of 16 populations around the world, finding an overall uptick in ratings for the US, with high confidence in new President Joe Biden. The research saw 16,254 people surveyed across the countries between March 12 and May 26.

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Article: https://www.newshub.co.nz/home/new-zealand/2021/06/new-zealand-has-least-favourable-view-of-us-of-any-country-in-new-survey.html
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Category: News
Category : News
Author: Sky News Australia

The Wuhan Institute of Virology kept live bats in cages, new footage from inside the facility has revealed, disproving denials from World Health Organisation investigators who claimed the suggestion was a “conspiracy”.

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Article: https://www.youtube.com/watch?v=ANRs4DojOek
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Category: News
Category : News
Author: Dan Satherley

Chinese President Xi Jinping's push for a "loveable and respectable" image doesn't appear to be working, at least on Kiwis.

We're increasingly seeing the world's most populous country as a threat, a new survey has found, and fewer of us consider China a friend to New Zealand. 

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Article: https://www.newshub.co.nz/home/new-zealand/2021/06/kiwis-increasingly-view-china-as-a-threat-survey.html
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  1. Australian warships 'to hold naval drills with UK strike group' in signal to China
  2. US President Joe Biden at NATO: Ready to talk China, Russia and soothe allies
  3. NATO takes tough line on China at first summit with US President Joe Biden
  4. Clean Car Package: Toyota New Zealand shuts down Jacinda Ardern's claim company is 'talking about bringing in EV utes'

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