Chinese authorities are grappling with a weakening yuan as global investment banks predict record lows due to U.S. president-elect Donald Trump’s tariff threats. Major institutions forecast offshore yuan to drop to an average of 7.51 per dollar by the end of 2025, potentially marking the currency’s weakest level since 2004. CNBC’s analysis of 13 forecasts reveals the challenging economic landscape ahead for China as they navigate the impact of Trump’s policies on their currency.
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Check your bill: Herald analysis finds errors in Auckland Council rates bills
A recent analysis by the Herald revealed significant errors in Auckland Council's new rates bills, with some residential rates incorrectly calculated at up to 11.4% of property values. Notably, a multi-unit property in Ōtāhuhu was billed $444,766 instead of the correct amount of $14,578, prompting the council to advise ratepayers to report any discrepancies. Want More Context? 🔎
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