Stock markets, oil slide on trade war fears as US tariffs bite

Stock markets were in a gloomy mode as China, Mexico and Canada hit back at US tariffs and fears grew that Europe could be President Donald Trump's next target in the growing global trade war. Wall Street had retreated almost 2% mid-session following steep losses the previous day while European sto…

Donald Trump's tariffs will be 'pretty ugly' for KiwiSavers, providers warn

By Susan Edmunds for RNZ US President Donald Trump's tariff war is likely to be "pretty ugly" for New Zealanders' KiwiSaver balances, providers are warning - but the impact may not last. Trump enacted tough tariffs on the US' largest trading partners - China, Canada and Mexico - on Wednesday (NZT),…

Cyclone Alfred nears Queensland, NZ travellers change plans

Tropical Cyclone Alfred is approaching Queensland, bringing high winds and heavy rain, putting 20,000 homes at risk. New Zealanders in Queensland are changing flights to avoid the cyclone's impact, as events are cancelled. Authorities warn of destructive winds and extensive flooding and urge resi…

Donald Trump addresses Congress amid Ukraine and trade tensions

Donald Trump declared "America is back" in his first address to Congress since returning to power. He praised Elon Musk and received loud applause from Republicans, while Democrats protested and heckled. Trump's speech focused on radical policies, including ending the Ukraine war and opposing div…