The UK and its NATO allies have agreed to increase spending on defence and related areas to 5 percent of GDP by 2035. 

Ambassadors of all 32 alliance member states signed off on the new spending pledge ahead of a major summit of leaders.

UK correspondent Gavin Grey explains further.

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The UK and its NATO allies have agreed to increase spending on defence and related areas to 5 percent of GDP by 2035.&nbsp;
Ambassadors of all 32 alliance member states signed off on the new spending pledge ahead of a major summit of leaders.
UK correspondent Gavin Grey explains further.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Gavin Grey: UK correspondent on the UK boosting defence spending

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/c0db2a3d-fb65-47fd-b4fe-b305008b19e2/transcript

Donald Trump has renewed his criticisms of the UK Government's response to the Middle East conflict.

The US President said the UK needs to be 'involved enthusiastically' in efforts to reopen the Strait of Hormuz amid oil supply concerns.

UK correspondent Enda Brady says Trump has urged Starmer to help get the Strait open again. 

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Donald Trump has renewed his criticisms of the UK Government's response to the Middle East conflict.
The US President said the UK needs to be 'involved enthusiastically' in efforts to reopen the Strait of Hormuz amid oil supply concerns.
UK correspondent Enda Brady says Trump has urged Starmer to help get the Strait open again.&nbsp;
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Enda Brady: UK correspondent on Donald Trump claiming he's 'not happy' with the UK's response to Middle East conflict

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/13d90c70-c290-4fd9-b60b-b4100078eec3/transcript

Over in Australia, the Reserve Bank bumped the OCR up to 4.1 percent, up by 0.25 percentage points.

This is the second significant hike it two months, and it's got experts speculating about what this means for the economy on the whole.

HSBC chief economist Paul Bloxham wondered what this could mean for other global markets. 

LISTEN ABOVE

Over in Australia, the Reserve Bank bumped the OCR up to 4.1 percent, up by 0.25 percentage points.
This is the second significant hike it two months, and it's got experts speculating about what this means for the economy on the whole.
HSBC chief economist Paul Bloxham wondered what this could mean for other global markets.&nbsp;
LISTEN ABOVE

Paul Bloxham: HSBC chief economist on the RBA increasing the OCR for the second month in a row

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/6c94d0c2-7447-4f82-b6d1-b41000768159/transcript

Ahead of the next GDT auction, there's concerns about what the ongoing Middle East conflict could do for prices.

The conflict has seen oil prices spike, and experts have warned this will likely impact other key sectors of the economy.

The Country's Jamie Mackay speculated further.

LISTEN ABOVE

Ahead of the next GDT auction, there's concerns about what the ongoing Middle East conflict could do for prices.
The conflict has seen oil prices spike, and experts have warned this will likely impact other key sectors of the economy.
The Country's Jamie Mackay speculated further.
LISTEN ABOVE

Jamie Mackay: The Country host on the impacts of the Middle East conflict on the dairy sector

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/a695fec9-2827-4d1a-933e-b4100072cb2b/transcript

Gavin Grey: UK correspondent on the UK boosting defence spending

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