The US and China are engaged in a trade war, impacting global markets and causing economic uncertainty, with Donald Trump imposing tariffs on Chinese goods and Beijing responding with retaliatory measures. Finance Minister Nicola Willis has warned that these trade tensions will make New Zealand’s economic recovery more difficult, urging caution for those monitoring their KiwiSaver balances and share portfolios during this escalating conflict.
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Explosion at Iranian port injures 47, massive fire follows
SummarySeveral containers exploded at Shahid Rajaee port in Iran, leading to a significant blast and fire, with at least 47 people injured. The explosion occurred in a section of the dock at the country’s largest commercial port in Hormozgan province, prompting rapid response teams to be dispatched to the scene for firefighting efforts. Authorities are actively evacuating and transporting the injured to nearby medical centers for treatment. Full Article
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