Good afternoon. I'm Raylen Ramsey. This is your afternoon news fix for Wednesday, the twenty second of January. The Finance Minister says Kiwis can be confident better times are ahead. Today's stats and z figures show the inflation rates stayed unchanged for the year to December on two point two percent. Nikola Willis's times are still tough, but inflation and interest rates are improving.
What I would say to New Zealanders, we're saying, actually, in my household, the budget isn't feeling better. I'd say, that's not a U problem. That's a damaged economy problem, and we are fixing it.
Labor says. New Zealand still in its deepest recession in thirty years, with unemployment rising. The Media Minister says the government's doing what it can to help the changing media sector, which continues to face cuts. In zed Herald, the news talk zed B owner in zed Me is proposing a restructure with a net loss of about thirty eight roles. Lachlan Rennie has more.
The proposal includes about fourteen reporting and content generation roles in twenty four jobs in editorial production. The changes would begin between mid March and late April. Media Minister Paul Goldsmith says they're trying to tackle broader issues facing the sector, but individual businesses must determine how best to respond.
Meanwhile, Body Shop has gone into voluntary administration in New Zealand. First Retail Managing director Chris Wilkinson says its failure to keep up with the times could have fueled its demise. It says the cosmetic market has evolved since it opened and it appealed less two younger generations. They's got more aspirational needs now and the likes of Mecca and Sepphora have been where they have orientated towards christ Church Police are carrying out searchers across the city today in connection to a y Cutter homicide. A woman died in Naawahia on December twenty seven after a group fight. Carteau and Canterbury officers have visited several homes in the Garden City, assisted by the Armed Defender Squad. One person's died and another has been critically injured. In Canterbury's Timouka after a two vehicle crash on Milford Clanderboy Road about twelve forty the roads closed a prestigious christ Yurt Boarding School is canceling its one hundred year celebrations in light of historic sexual abuse allegations. A formacint Bede staff member is facing eleven charges in court, including alleged assaults on boys age between twelve and sixteen and over. Emily Ancel reports the.
Top boys school has told parents in the letter it's not the right time to hold the April Boarding House centenary. Rector John McDowell says the college's focus remains on supporting those impacted and fostering a safe and supportive environment to sport.
In a fine all round showing by Jess Kerr has propelled defending women's Super Smash champs Wellington into outrights second on the table following a thirty nine run win over Canterbury at the Basin Reserve. A controversial exit from New Zealand football hasn't harmed former Football Firms coach yit Ka Klemkova, who's earned a new Geger's head coach of the Czech national team. UFC fighter Israel Adissanya wants his return to the octagon on February second to herald a new way of winning, revealing he wants to change his record of never having won by submission. I'm Rayleen Ramsay and that is your latest news fix. We'll be back with the next update tomorrow morning from the news Talk said Bean Newsroom.