In a move viewed as dovish by economists, the Reserve Bank cut the Official Cash Rate by 25 basis points to 3.5%, with further cuts potentially needed to stimulate the economy. Kiwibank economists recommend a quick reduction to 2.5% by year-end due to global economic uncertainty, while the impact of increased tariffs on global inflation remains unclear under new interim Governor Christian Hawkesby’s leadership.
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Babies for sale: New Zealanders commissioning illegal surrogacy in Thailand
New Zealanders are reportedly traveling to Thailand to illegally commission surrogate babies from Thai women, a trend that has raised concerns for Oranga Tamariki, the country's child welfare agency. The agency has identified five cases of surrogate parents violating international laws to have children, including a case where a gay man paid a significant amount to circumvent Thailand's strict surrogacy regulations. This practice highlights ongoing ethical and legal challenges surrounding surrogacy and adoption in New...
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