Economy – A Roundup of Significant Articles on ForeignAffairs.co.nz for May 13, 2025

Economy: Here is a summary of significant articles published on ForeignAffairs.co.nz on May 13, 2025.

MIL-Evening Report: As insurance gets harder to buy, NZ has 3 choices for disaster recovery – and we keep choosing the worst one
Source: The Conversation (Au and NZ) – By Ilan Noy, Chair in the Economics of Disasters and Climate Change, Te Herenga Waka — Victoria University of Wellington The number of climate change-related extreme weather events) is on the rise, making it harder for many people to buy affordable home insurance. The industry has already signalled […]

MIL-OSI New Zealand: Growing NZ – now and for the long term
Source: NZ Music Month takes to the streets Tēna koutou kātoa. Greetings everyone. Thanks for coming. Thank you Sharesies for making the space available. You are exactly the sort of business we need more of to create opportunities for the next generation – Sharesies was started by smart people, who identified a gap in the […]

MIL-OSI Australia: Backing businesses during Light Rail Stage 2A and across the ACT
Source: Australian National Party As part of ACT Government’s ‘One Government, One Voice’ program, we are transitioning this website across to our . You can access everything you need through this website while it’s happening. Released 12/05/2025 – Joint media release The ACT Government has today announced a targeted business support package to assist local […]

MIL-OSI USA: News 05/12/2025
Blackburn, Colleagues Introduce Bill to Safeguard Transit Operations Against Chinese Influence

US Senate News: Source: United States Senator Marsha Blackburn (R-Tenn) WASHINGTON, D.C – Today, U.S. Senators Marsha Blackburn (R-Tenn.), John Cornyn (R-Texas), Tammy Baldwin (D-Wis.), Rick Scott (R-Fla.), Tina Smith (D-Minn.), and Gary Peters (D-Mich.) introduced the Safeguarding Transit Operations to Prohibit (STOP) China Act, which would protect domestic transit operations and supply chains from […]

MIL-OSI Economics: Meet the Samsung Galaxy S25 Edge: An Engineering Marvel of New Slim Hardware Innovation
Source: Samsung Samsung Electronics Co., Ltd. today has revealed the full specifications of the Galaxy S25 Edge, a category-defining slim smartphone joining the Galaxy S series. Crafted with style and strength in mind, Galaxy S25 Edge strikes a new balance of premium, pro-level performance in a resilient titanium frame only 5.8mm thick.1 S25 Edge delivers on […]

MIL-OSI USA: Rep. Peters & Colleagues Reintroduce Landmark Legislation to Restore Patent Protections
Source: United States House of Representatives – Congressman Scott Peters (52nd District of California) WASHINGTON, D.C. – Today, Representatives Scott Peters (D-CA-50) and Kevin Kiley (R-CA-03) and U.S. Senators Thom Tillis (R-NC) and Chris Coons (D-DE) reintroduced legislation to restore patent eligibility for inventions that are essential to the life sciences and technology industries. Their […]

MIL-OSI USA: Rep. Peters Launches Build America Caucus
Source: United States House of Representatives – Congressman Scott Peters (52nd District of California) Abundance-Oriented Caucus to Focus on Peters’ Priorities: Unleashing American Energy, Building More Housing, Investing in Science Washington, D.C. – Today, Representative Scott Peters (CA-50), along with a bipartisan group of Congressmembers, launched the Build America Caucus as a founding member. The […]

MIL-OSI USA: Modifying Reciprocal Tariff Rates to Reflect Discussions with the People’s Republic of China
US Senate News: Source: The White House By the authority vested in me as President by the Constitution and the laws of the United States of America, including the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) (IEEPA), the National Emergencies Act (50 U.S.C. 1601 et seq.), section 604 of the Trade Act of 1974, […]

MIL-OSI Economics: Media release: Australian oil and gas sector welcomes new Albanese Ministry – Australian Energy Producers
Source: Australian Petroleum Production & Exploration Association Headline: Media release: Australian oil and gas sector welcomes new Albanese Ministry – Australian Energy Producers Australia’s oil and gas industry looks forward to working with Prime Minister Anthony Albanese’s new Ministry to progress necessary reforms for Australia’s long-term energy security and economic growth. Australian Energy Producers Chief […]

MIL-OSI New Zealand: Chris Hipkins: Pre-Budget speech
Source: New Zealand Labour Party So as we gather here for an early conversation about next week’s Budget, it’s also a good time for us to have some hard, and honest, conversations about the crossroads our country finds itself at. We’re at a moment that demands honesty. A moment that demands leadership. And above all, […]

MIL-OSI New Zealand: Release; Budget should not be paid for by working women
Source: New Zealand Labour Party The Government must do three things in Budget 2025 if it is genuinely going to turn things around for New Zealanders. “First, it will need to properly fund our frontline public services,” Labour Leader Chris Hipkins said. “Second, it will need to provide a credible answer to how the Government […]

MIL-OSI USA: Reed Opposes House GOP’s Steep Cuts to Medicaid Could Leave Thousands of RIers Without Health Coverage
US Senate News: Source: United States Senator for Rhode Island Jack Reed WASHINGTON, DC — U.S. Senator Jack Reed (D-RI) says House Republicans are proposing “catastrophic cuts” to federal Medicaid funding that goes to states to help provide health coverage.  In Rhode Island, the federal-state program pays for about 1 in 4 Rhode Islanders’ health […]

MIL-OSI USA: Winners of Solar District Cup Class of 2024–2025 Announced
Source: US National Renewable Energy Laboratory 18 Teams Earn Division Winner Titles for Solar and Solar-Plus-Storage Design Proposals On April 21 and April 22, the division winners and Project Pitch Champion in the Solar District Cup Collegiate Design Competition’s Class of 2024–2025 were announced. This year’s competing class of teams is the largest in Solar […]

MIL-OSI Economics: ACP Statement on Reconciliation Bill Text
Source: American Clean Power Association (ACP) Headline: ACP Statement on Reconciliation Bill Text WASHINGTON D.C., May 12, 2025 — The American Clean Power Association (ACP) issued the following statement from ACP CEO Jason Grumet after the House Ways and Means Committee released the text of the Reconciliation bill being considered by the House of Representatives: “The […]

MIL-OSI Security: Head of the Criminal Division, Matthew R. Galeotti Delivers Remarks at SIFMA’s Anti-Money Laundering and Financial Crimes Conference
Source: United States Attorneys General Thank you, Bernard, for that kind introduction. And thank you to SIFMA for having me here at your annual AML and Financial Crimes Conference. Over the last several months, the Department has made clear that its mission is to protect hard-working Americans from the most serious threats.  In the Criminal […]

MIL-OSI Economics: African Development Bank and Islamic Development Bank Forge Strategic Partnership to Address Fragility and Build Resilience in Africa
Source: African Development Bank Group The African Development Bank and the Islamic Development Bank (IsDB) have reinforced their strategic partnership to enhance collective efforts in addressing fragility and building resilience across Africa. This commitment follows a high-level technical exchange held from 22-23 April at the Bank headquarters in Abidjan. MIL OSI Economics –

MIL-OSI Economics: African Development Bank Executive Director Calls for “New Development Compact” at Africa-Caribbean Infrastructure Forum
Source: African Development Bank Group African Development Bank Group Executive Director Rufus N. Darkortey delivered a compelling call to action for countries across Africa and the Caribbean to “reimagine economic growth” through bold and innovative homegrown solutions during a keynote address at the Africa-Caribbean Infrastructure… MIL OSI Economics –

MIL-OSI Economics: Members note benefits, challenges for Customs Valuation Agreement at anniversary event
Source: World Trade Organization “In today’s complex and tariff-sensitive trading environment, the Customs Valuation Agreement is more critical than ever,” she said. “The way a product is valued at the border can be just as important as the tariff rate itself. Even a low tariff can result in significant duties if the customs value is […]

MIL-OSI Economics: Statement by DG Okonjo-Iweala
Source: World Trade Organization “I am pleased with the positive outcome of the talks between the United States and China in Geneva. These discussions mark a significant step forward and, we hope, bode well for the future. Amid current global tensions, this progress is important not only for the US and China but also for […]

MIL-OSI Economics: Commemoration of the Customs Valuation Agreement at 30 WTO Committee on Customs Valuation
Source: World Trade Organization Distinguished delegates, ladies and gentlemen, It is a pleasure to address you today to celebrate the 30th anniversary of the Customs Valuation Agreement, as well as the Committee on Customs Valuation overseeing the Agreement’s implementation. While 2025 marks the 30th anniversary of the Agreement, its origins trace back to the GATT era, […]