Economy – A Roundup of Significant Articles on ForeignAffairs.co.nz for June 16, 2025

Economy: Here is a summary of significant articles published on ForeignAffairs.co.nz on June 16, 2025.

MIL-OSI New Zealand: Auckland Council and NZ Police sign memorandum of understanding
Source: Auckland Council Auckland Council and NZ Police have signed a memorandum of understanding, cementing and enhancing the two organisations’ commitment to continue working together, now and for years to come, to keep Tāmaki Makaurau safe. Phil Wilson, chief executive of Auckland Council, says he’s extremely pleased the council and police have formalised their working […]

MIL-OSI New Zealand: Concern over signs Govt will reduce sick leave for workers
Source: Green Party The Green Party is calling on the Prime Minister to stand up for workers’ rights for once and rule out reducing sick leave entitlements. “This Government for the wealthy keeps finding new ways of eviscerating workers’ rights and tilting power to employers,” says the Green Party spokesperson for Workplace Relations and Safety, […]

MIL-Evening Report: Keith Rankin Analysis – Clio: Whose side is ‘History’ on?
Analysis by Keith Rankin. Keith Rankin, trained as an economic historian, is a retired lecturer in Economics and Statistics. He lives in Auckland, New Zealand. Is history binary? A judge of past behaviour with just two available options: thumbs-up, or thumbs-down? If you are not on the ‘right side’ of history, are you therefore on […]

MIL-OSI USA: Statement from Governor Lombardo Following Completion of Bill Signings
Source: US State of Nevada Carson City – June 13, 2025 Today marks the conclusion of the 10-day period Governor Lombardo has to veto or sign bills into law following the adjournment of the 83rd (2025) Session of the Nevada Legislature. In total, Governor Lombardo received 605 bills, ultimately signing 518 bills into law and […]

MIL-OSI Asia-Pac: InvestHK concludes fruitful Canada visit to deepen economic and business ties (with photos)
Source: Hong Kong Government special administrative region – 3      Associate Director-General of Investment Promotion at Invest Hong Kong (InvestHK) Mr Charles Ng today (June 14) concluded his visit to Canada, deepening economic and business ties with Canadian investors and enterprises.      During his visit June 8 to 14 to Waterloo, Toronto, and […]

MIL-OSI Asia-Pac: InvestHK promotes Hong Kong’s biotech edge at BIO International Convention 2025
Source: Hong Kong Government special administrative region InvestHK promotes Hong Kong’s biotech edge at BIO International Convention 2025     A delegation of 16 Hong Kong life science and health technology companies will be joining InvestHK and the Hong Kong Science and Technology Parks Corporation (HKSTP) to the BIO International Convention 2025, the world’s premier biotechnology event, […]

MIL-OSI China: China sees surge in culture-driven tourism
Source: People’s Republic of China – State Council News BEIJING, June 15 — A large-scale VR immersive experience, “The Recluse Dongpo,” premiered at the Hainan Museum in May, attracting eager fans of the iconic Song Dynasty poet Su Shi to embark on a virtual journey through millennia of Chinese history. Wearing VR headsets, participants came […]

MIL-OSI Europe: Egypt and EIB Global set to deploy EU grant aimed at greening Egyptian economy
Source: European Investment Bank The European Investment Bank’s development arm (EIB Global) and Egypt have signed an agreement for the use of a €21 million grant to help green the Egyptian economy. The grant, funded by the European Union and managed by EIB Global, is intended to accelerate efforts by the Egyptian private and public sectors […]

MIL-OSI United Kingdom: Unprecedented boost for clinical trials under 10 Year Health Plan
Source: United Kingdom – Executive Government & Departments 2 Press release Unprecedented boost for clinical trials under 10 Year Health Plan Millions will take part in clinical trials under the 10 Year Health Plan which will speed up clinical research. Millions to take part in clinical trials under 10 Year Health Plan, transforming patient care […]

MIL-OSI: Abaxx Confirms Active Trading in Gold Singapore Futures Following Launch
Source: GlobeNewswire (MIL-OSI) TORONTO, June 15, 2025 (GLOBE NEWSWIRE) — Abaxx Technologies Inc. (CBOE:ABXX)(OTCQX:ABXXF) (“Abaxx” or the “Company”), a financial software and market infrastructure company, majority shareholder of Abaxx Singapore Pte Ltd., the owner of Abaxx Commodity Exchange and Clearinghouse (individually, “Abaxx Exchange” and “Abaxx Clearing”), and producer of the SmarterMarkets™ Podcast, today announced active […]

MIL-OSI New Zealand: Economy – Monetary policy affects some parts of the economy differently: RBNZ Analytical Note
Source: Reserve Bank of New Zealand 16 June 2025 – Some parts of the economy and prices for some products are more sensitive to a rise in the Official Cash Rate (OCR) than others. Reserve Bank of New Zealand – Te Pūtea Matua research found that sectors that make or trade goods, as well as […]

MIL-OSI New Zealand: National Volunteer Week celebrates millions of volunteers
Source: New Zealand Government National Volunteer Week kicks off today and is the biggest celebration of volunteering in New Zealand, says Minister for the Community and Voluntary Sector Louise Upston. “This week is an opportunity to thank the millions of volunteers who make a difference to our communities every day,” Ms Upston says. Over 53% […]

MIL-OSI Australia: Tougher child safety rules to help keep children safer in early education
Source: Murray Darling Basin Authority Stronger, mandatory child safety measures have been signed off by every Australian Education Minister to strengthen child safety in early childhood education and care services. This forms part of the significant progress that has already been made since the release of the Australian Children’s Education and Care Quality Authority (ACECQA) […]

MIL-Evening Report: Small businesses are an innovation powerhouse. For many, it’s still too hard to raise the funds they need
Source: The Conversation (Au and NZ) – By Colette Southam, Associate Professor of Finance, Bond University The federal government wants to boost Australia’s productivity levels – as a matter of national priority. It’s impossible to have that conversation without also talking about innovation. We can be proud of (and perhaps a little surprised by) some […]

MIL-Evening Report: A solar panel recycling scheme would help reduce waste, but please repair and reuse first
Source: The Conversation (Au and NZ) – By Deepika Mathur, Senior Research Fellow, Northern Institute, Charles Darwin University tolobalaguer.com, Shutterstock Australia’s rooftop solar industry has renewed calls for a mandatory recycling scheme to deal with the growing problem of solar panel waste. Only about 10% of panels are currently recycled. The rest are stockpiled, sent […]

MIL-OSI: Inside information, negative profit warning – Oma Savings Bank Plc lowers its earnings guidance for 2025
Source: GlobeNewswire (MIL-OSI) OMA SAVINGS BANK PLC, STOCK EXCHANGE RELEASE, 15 JUNE 2025 AT 21:55 P.M. EET, INSIDE INFORMATION Inside information, negative profit warning – Oma Savings Bank Plc lowers its earnings guidance for 2025 Oma Savings Bank Plc (OmaSp or Company) lowers its earnings guidance for 2025 as the company’s cost level is expected to […]

MIL-OSI United Kingdom: Joint statement between the Prime Minister of the United Kingdom and the Prime Minister of Canada
Source: United Kingdom – Government Statements Press release Joint statement between the Prime Minister of the United Kingdom and the Prime Minister of Canada This Joint Statement follows the meeting of the Prime Ministers of the United Kingdom and Canada on 15 June 2025. Today, Sir Keir Starmer, Prime Minister of the United Kingdom (UK) […]

MIL-OSI United Kingdom: PM meeting with Prime Minister Carney of Canada: 15 June 2025
Source: United Kingdom – Government Statements Press release PM meeting with Prime Minister Carney of Canada: 15 June 2025 The Prime Minister met the Canadian Prime Minister Mark Carney in Ottawa this afternoon. The Prime Minister met the Canadian Prime Minister Mark Carney in Ottawa this afternoon. They began by discussing the grave situation in […]

MIL-OSI Canada: Joint Statement by Prime Minister Carney and Prime Minister Starmer
Source: Government of Canada – Prime Minister Today, Mark Carney, Prime Minister of Canada, and Sir Keir Starmer, Prime Minister of the United Kingdom (UK), met in Ottawa to reaffirm the profound friendship and shared values that unite both nations. The Canada-UK partnership, rooted in a common history and enduring people-to-people ties, continues to grow […]

MIL-OSI Russia: Exclusive: Belt and Road Initiative Strengthens Academic, Cultural and Humanitarian Exchanges between China and Kazakhstan – KIMEP University President
Translation. Region: Russian Federal Source: People’s Republic of China in Russian – People’s Republic of China in Russian – Source: People’s Republic of China – State Council News ASTANA, June 15 (Xinhua) — The Belt and Road Initiative has strengthened academic and cultural exchanges between China and Kazakhstan, laying a solid foundation for deeper regional […]