Flood-hit New Zealanders can claim cash grant from federal government
... or temporary accommodation. Residents can claim the payment from 2 pm on Thursday, July 7. The cash payment is available for Australian residents or eligible visa holders who live in 23 local government areas that have been declared disaster zones. New Zealanders can also claim $1,000 in cash. You must have been seriously affected by the storm or floods to claim the payment, or your dependent child. The couple can both claim the payment, but each adult must make a separate claim. The child payment applies ...
Updated: 07/06/2022
NASA’s CubeSat breaks free of Earth orbit on its journey to moon
... and the sun's gravity for the rest of its trip. The gravity will allow the CubeSat to use less fuel to reach its destination. On June 28th, the mission launched Rocket Lab's Electron rocket from Rocket Lab Launch Complex 1 on the Mahia Peninsula of New Zealand. The goal of the CubeSats is to enter a elongated orbit, which is a near rectilinear halo orbit, around the moon for at least six months for research purposes. The spacecraft will be within 1,000 miles 1,609, according to the satellite's orbit....
Updated: 07/06/2022
Oil steadies above $100 a barrel after recession fears
... Federal Reserve jacking up interest rates to tame inflation, investors are pricing in the consequences of a slowdown, even as physical crude markets continue to show signs of vigor and the war in Ukraine drags on. Catherine Birch , an analyst at Australia New Zealand Banking Group Ltd, said the market is pricing in a mild recession, which should see support for Brent crude at around $100 a barrel. She said that the support level could drop to $80 in the unlikely event of global demand falling by 5%, an event ...
Updated: 07/06/2022
England rewrite the way in Test cricket with record win
... went into the Test leading 2 -- 1 and on course for its first series win in England in 15 years. India conceded its most runs in the fourth innings of a loss, and the series was drawn. England pulled off a fourth straight successful run chase after New Zealand were swept 3 -- 0 last month under the new management of Stokes and coach Brendon McCullum . Root and Bairstow came together soon after tea on Monday when England lost three wickets in the space of 16 deliveries. The Yorkshiremen commanded India's ...
Updated: 07/05/2022
Wall Street sinks more than 2%, dollar up
... the New York close Tuesday, a level not seen since 2002. The British pound fell to 1.1890. The Swiss franc was down to 0.9682. The Australian dollar fell to 0.6798 despite the RBA hiking official interest rates by 0.50 percent to 1.35 percent. The New Zealand dollar fell to 0.6169. The Japanese yen was slightly higher at 135.82. In Japan, the Nikkei 225 advanced 269.66 points or 1.03 percent to 26,423. In New Zealand, the S&P NZX 50 rallied 102.83 points or 0.95 percent to 10,965. The Australian All ...
Updated: 07/05/2022
Satellite breaks free orbit around Earth, heads to the moon
... a microwave oven broke free from its orbit around Earth on Monday and is heading for the moon, the latest step in NASA 's plan to land astronauts on the lunar surface. It has been an unusual journey for the Capstone satellite. It was launched from New Zealand's Mahia Peninsula six days ago by Rocket Lab in one of their small Electron rockets. It will take another four months for the satellite to reach the moon, as it cruises along using minimal energy. The founder of Rocket Lab , Peter Beck , told ...
Updated: 07/05/2022
Central banks raise interest rates, here’s why
... crash this century — 2008. Neil Shearing , chief economist at Capital Economics , says forecasters shouldn't fall into the trap of believing this downturn will be like the last. The alarming run-up in prices, particularly in Canada, Australia and New Zealand, looks very similar to the housing bubble in the mid-2000s, but the drivers are different, he said. A rapid expansion in mortgage debt encouraged by lax regulation and loose lending standards in the United States was what created the bubble back ...
Updated: 07/05/2022
Small NASA satellite breaks free orbit around Earth
... signaling a step in the right direction for the space program's efforts to put astronauts on the moon once again. The Capstone satellite, which is roughly the size of microwaves, was launched from Earth about a week ago from the Mahia Peninsula in New Zealand by Rocket Lab in one of their small Electron rockets. The satellite is not expected to reach the moon for another four months, given that it uses minimal energy. It's been a project that took two, two-and-a-half years and is incredibly difficult ...
Updated: 07/05/2022
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