Author: Press Room

A MORE CONTESTED WORLD The defence minister said the military investment reflects a changing threat environment shaped by growing strategic competition and conflicts beyond New Zealand’s shores. “We live in a world where there is competition and contest, even within our region. Further afield, there’s conflict,” Penk said, pointing to wars in Ukraine and the Middle East and their implications for the international rules-based order and global economic security. “We need to increase our defence investment to resource our navy, army and air force to be able to meet the needs of New Zealand in our region and further afield.” Maritime capability is one…

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A number of people around the world have died after taking part in an ancient healing practice known as kambo, which involves ingesting frog poison.The spiritual ritual of kambo, which is promoted among Western “wellness communities” as a one‑stop cure for a spectrum of physical and mental ailments, from anxiety to arthritis, is not backed by any scientific evidence.In April this year, 40-year-old United Kingdom wellness coach and cancer survivor Kristian Trend was the latest to die after reportedly taking part in a “cleansing ceremony” which involved kambo, local media reported.Trend’s mother told the UK national newspaper, The Telegraph, that…

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NEWYou can now listen to Fox News articles! Super Bowl champion Joe Theismann said the NFL has left tradition behind.The NFL has expanded their primetime schedule to holidays and games overseas, meaning they are playing more games outside the traditional Sunday afternoon timeslot. Theismann pointed out the drastic differences in how the games are broadcast.”They’ve drifted away (from tradition). I mean, when you look at all the different streaming services and all the different networks, it used to be ABC, NBC, and CBS, but that doesn’t exist anymore. There only used to be those TV channels where you could watch…

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NEWYou can now listen to Fox News articles! Illinois GOP Chairman Bob Grogan is calling on a Democratic Waukegan city official to resign after prosecutors said she submitted her dead mother’s vote-by-mail ballot, a case conservatives say exposes broader concerns about mail-in voting and voter-roll safeguards even though the ballot was caught before it was counted.A Waukegan, Illinois alderman, Sylvia Sims Bolton, turned herself on Wednesday after prosecutors said she submitted her dead mother’s vote-by-mail ballot during a March primary election, which has resulted in two charges, including one Class 4 Felony.According to the Office of the State’s Attorney in…

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Canadians claimed more than $122 million in federal subsidies for new electric vehicles since Ottawa reintroduced its rebate program in February, but many car dealers say they’re still waiting to get the funds they are owed. Transport Canada published the database for the new electric vehicles affordability program, known as EVAP, on Tuesday, three months after relaunching the program on Feb. 16.The database shows 24,389 claims were recorded but doesn’t yet have a breakdown of the dollar figure per claim because of a technical glitch.A department spokesperson, responding to inquiries from The Canadian Press, said it will update the data…

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BEIJING: China has appointed veteran banker Ding Xiangqun as the Communist Party committee chief of the National Financial Regulatory Administration, according to a statement released by the regulator on Friday (May 29).Ding, most recently chairperson of state-owned insurance giant the People’s Insurance Company (Group) of China, is also likely to become the director of the top regulatory body, with both roles traditionally held by the same person. Beijing is taking steps to stabilise leadership at the NFRA after former head Li Yunze was demoted in April due to what was treated as a suspected disciplinary violation, Reuters reported.More widely, the government is in…

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A DTCC collateral eligibility update circulated across Crypto Twitter this week and triggered an immediate retail panic with holders dumping Ripple XRP and rotating into XLM on the belief that the Depository Trust and Clearing Corporation had effectively blacklisted Ripple’s token from institutional infrastructure. It did not. The DTCC’s collateral eligibility lists are post-trade operational reference tools, not exchange directives, and analysts are calling the resulting price dip exactly what it is: a FUD-driven capitulation event, not a structural delisting. Why the DTCC + Stellar ($XLM) announcement is not bad for $XRP – and why we may not even need…

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Federal Reserve Governor Michelle Bowman on Friday cautioned against raising interest rates to address the current spike in prices.With inflation running well above the central bank’s 2% target, markets are expecting the Fed to stay on hold this year then possibly start raising rates in early 2027. Current pricing is indicating virtually no chance of cuts anytime through at least 2027.But Bowman said adjusting policy to offset energy-driven inflation surges has proven ineffective.”Reacting to temporarily elevated energy price inflation would add unwarranted policy restraint, weighing unnecessarily on economic activity and labor market conditions,” the policymaker said at a conference in…

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