Wednesday, April 29

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US stocks plunge after sharp falls in Europe and Asia
Business

US stocks plunge after sharp falls in Europe and Asia

Traders work on the floor of the New York Stock Exchange Photo: AFP / Getty Images North America US stock markets tumbled on Monday following falls in Europe and Asia as fears rose that the American economy is heading for a slowdown. The S&P500 is steadily falling and before 7am NZT had dipped below the psychological 3 percent mark. The technology-heavy Nasdaq index opened 6.3 percent lower, before recovering some ground and then continuing its losses. Markets around the world have been facing furious selling and sharp falls on fears that the US economy is heading for a slowdown - and that many AI and tech stocks are overvalued. The global sell-off began on Friday after reports showed a weakening economy, then swept around the world. Last evening Japan's Nikkei 225 closed down 12.4 ...
The rise of super fakes – luxury designer replicas are being sold in plain sight
World News

The rise of super fakes – luxury designer replicas are being sold in plain sight

By Carolyn Enting Chanel replica bag posted by a Chinese seller on RepLadies. Photo: Screenshot They're known as luxury reps or super fakes - counterfeits of designer accessories that are so good you'd swear they were the real thing. These super fakes are being unwrapped in plain sight by influencers on Instagram and TikTok and purchased to order through online anonymous forums and chat groups. One such forum, sub-Reddit group Repladies Designer, has 112,000 members and spent more than US$3 million on replicas in 2021 (according to a self-reported survey). A spin-off group, WagoonLadies, has $58,000 members. Kiwi shoppers buying luxury fakes with the assistance of these chat groups include Auckland mum Rachel (not her real name). She bought a super fake Miu Miu bag directly from a Ch...
What does international sharemarket turmoil mean for KiwiSaver?
Business

What does international sharemarket turmoil mean for KiwiSaver?

What international sharemarket turmoil means for your KiwiSaver KiwiSaver is directly affected by global market volatility as about 60 percent of KiwiSaver assets are invested offshore. Photo: 123RF There's one clear piece of advice for anyone worried about the impact of international sharemarket movements on their KiwiSaver balances: Ignore it. (Provided you've got your settings right.) Markets around the world were volatile on Friday and to start this week. The softness in US markets has been largely driven by concerns the central bank might cut rates too late to avoid a downturn. Intel's share price fell 26 percent on Friday, to the lowest level in a decade. High-profile investor Warren Buffett was reported to have sold more than US$75 billion in shares in the second quarter, taki...
Kanika Dhillon: ‘Rani is a mix of Taapsee and me’
Entertainment, Movies

Kanika Dhillon: ‘Rani is a mix of Taapsee and me’

In Kanika Dhillon’s words, crocodiles star in a leading role alongside Taapsee Pannu, Vikrant Massey and Sunny Kaushal in Phir Aayi Hasseen Dillruba. Any Bollywood film lover can guess where the inspiration stems from. “I have been a Khoon Bhari Maang [1988] fan. I’ve always wanted to write a moment that would be a hat-tip to that film. The shot in the trailer, where a crocodile comes next to their boat, is personal,” smiles the writer-creator. Coming three years after Haseen Dillruba (2021), the romantic thriller follows the lives of Pannu’s Rani and Massey’s Rishu as another suitor enters the equation. Dhillon says the sequel is a pulpy offering, just like the first part. “I loved creating this world of Haseen Dillruba. The audience’s love was unprecedented. Taapsee was gung-ho [about t...
‘Employers must provide support to nursing mothers who return to work’
Health

‘Employers must provide support to nursing mothers who return to work’

Employers must provide better support to breastfeeding mothers who return to work, said health experts on Monday, as part of the ongoing World Breastfeeding Week. World Breastfeeding Week is held in the first week of August every year, supported by WHO and UNICEF. The theme for 2024 is Closing the Gap: Breastfeeding Support for All. The World Health Organization (WHO) recommends exclusively breastfeeding for the first six months of a baby`s life. Breastfeeding plays a significant role in promoting a child`s health due to its many benefits for both the baby and the mother. Breast milk provides the perfect balance of nutrients essential for the growth and development of the baby. It is easier to digest and offers emotional security. Babies who are breastfed tend to have higher IQs and be...
NZ helicopter pilot killed by rebels in Indonesia’s Papua, police say
World News

NZ helicopter pilot killed by rebels in Indonesia’s Papua, police say

The pilot was killed after the helicopter landed in an isolated area of Papua in Indonesia. File photo. Photo: Royal Botanic Gardens, Kew Separatist rebels in Indonesia's easternmost region of Papua have killed a helicopter pilot from New Zealand, regional police say. Police said four passengers aboard the aircraft were safe. The pilot was killed immediately after rebels rounded up those on board after the helicopter landed in an isolated area, police said in a statement. It comes nearly 18 months after the abduction by rebels of another pilot from New Zealand, Phillip Mehrtens, who remains in captivity. Police said the group responsible for Monday's incident in Alama district in the Central Papua province was the same group that is holding Mehrtens. The rebel West Papua National Libera...
‘Blame all your problems on Mercury’: What really happens during retrograde?
World News

‘Blame all your problems on Mercury’: What really happens during retrograde?

By Marie-José Al Azzi of the BBC A few times a year, social media is flooded with warnings of Mercury rerograde. Photo: Unsplash "Mercury retrograde is coming back, my darlings." Sadicka, an astrologer and spiritual life coach, is telling her 5,000 Instagram followers to watch out for technology issues, trouble communicating with people and even car accidents, ahead of the planet Mercury going into retrograde from 4 August. A few times a year, Instagram and TikTok are flooded with cautionary posts like this one - as well as more tongue-in-cheek content (think: "POV: you blame all of your problems on Mercury being in retrograde instead of actually dealing with them"). Mercury is the closest planet to the Sun and Mercury retrograde is an optical illusion which occurs three or four tim...
What was the legacy of London 2012 Olympics?
Life Style

What was the legacy of London 2012 Olympics?

Paris is basking in an Olympics induced glow-up. With the Games en ville – that’s in town, for any non-French speakers – the authorities have injected some serious funds into their capital. Most visible has been cleaning up the river Seine – so that now, unlike the murky Thames, it’s now safe to swim in. (Well, nearly – the triathlon did have to be slightly delayed.)But that’s not all that’s new in Paris. £35bn has also been spent on the Grand Paris Express, connecting 120 miles of new Métro lines between the suburbs. They’ve also upgraded the Grand Palais on the Champs-Élysées, built a new arena and aquatic centre, and created an Olympic village in the northern quarter of Saint-Denis – 30% of which will join the region’s public housing stock when all the medals have been handed out.For so...
How a Kiwibank sale might work
Business

How a Kiwibank sale might work

Finance Minister Nicola Willis at the weekend added fuel to speculation that the government is planning a sale of the bank. Photo: Kiwibank Any potential sale of Kiwibank will have to be managed carefully to ensure it creates the potential for real growth for the bank, industry commentators say. Finance Minister Nicola Willis added fuel to speculation that the government is planning a sale of the bank, when she spoke at the National Party conference at the weekend. She said all options needed to be on the table to improve the sectors' competitiveness. "The recent Commerce Commission study into New Zealand's banking sector makes it crystal clear: disruptive forces are needed to drive change," she said. "No more cosy oligopoly. Instead we need more mavericks, open banking technology, more...
The athletes serving looks at the 2024 Paris Olympics
World News

The athletes serving looks at the 2024 Paris Olympics

South Korean sharpshooter Kim Yeji sported sci-fi shooter glasses and an ice-cold stance during the women's 10m air pistol final. Photo: Charles McQuillan / Getty Images Kim Yeji made quite the impression at her Olympics debut. The South Korean sharp-shooter stepped out at the women's 10m air pistol final donning cyborgian shooter glasses and a black track suit, looking somewhat like a sci-fi assassin, and stepped away with a silver medal. She's one of many athletes bringing style and flair to the tournament - this year, bougie custom nails, relaxed street styles, and personalised hair and makeup trends are all the rage. Here are some of the athletes serving looks at the 2024 Paris Olympics. US track and field sprinter Sha'Carri Richardson shows off her nails while traveling along th...