Tag: New Zealand
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Are New Zealand Savings Accounts Finally Squeezed for Returns? A Look at the Country’s Least-Generous Options
Introduction: A Nation of Conservative Returns on Savings New Zealand savers have long faced a landscape of relatively modest interest on non-term deposits. In recent months, a survey of major banks revealed an array of savings accounts offering critically low returns, with some options dipping to as little as 0.05% annual interest. This article examines…
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New Zealand’s Least Generous Savings Accounts: The 0.05% Returns You Might Not Want
Introduction: Are NZ savings accounts truly generous? Recent comparisons of New Zealand bank rates reveal a troubling trend: several mainstream savings accounts are offering remarkably low returns. In a climate where inflation edges upward, an interest rate as low as 0.05% stands out as a stark contrast to the needs of everyday savers. This article…
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Are New Zealand Savings Accounts Really This Ungenerous? A Look at Rates Falling to 0.05%
Low Rates, High Concern: What the Latest NZ Savings Survey Shows New Zealand savers face a challenging landscape as a recent survey highlights that some of the country’s main banks offer savings accounts with alarmingly low returns. In a market where a handful of products are paying as little as 0.05 percent, households are rethinking…
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Bitcoin mining costs in New Zealand rise as prices slip
Bitcoin mining in New Zealand: a cost-heavy equation As the global price of Bitcoin drifts to around US$86,000 (about NZ$147,000), miners in New Zealand face a stark reality: the energy required to mint new coins is eating into profits. The Cambridge Bitcoin Electricity Consumption Index tracks the energy intensity of Bitcoin mining, and recent data…
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Bitcoin mining costs rise in New Zealand as price falls
New Zealand’s Bitcoin Mining Costs Surge as Prices Tumble Bitcoin’s latest price drift has reignited debate over the economics of mining, especially in energy-conscious markets like New Zealand. With the cryptocurrency hovering around US$86,000 (roughly NZ$147,000), the cost of producing a single coin is drawing scrutiny from miners, investors, and policymakers alike. Recent figures from…
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Bitcoin Mining Costs in New Zealand: When Energy Bills Outstrip Profits
High Energy Bills Meet Slumping Bitcoin Prices The cost of producing Bitcoin in New Zealand has become a growing concern for miners, as a combination of elevated electricity prices and a sliding market price squeezes margins. With Bitcoin hovering around US$86,000 (approximately NZ$147,000) in recent data, the economics of running mining hardware in New Zealand…
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Remembering Max Furse-Kee amid Mount Maunganui landslide: Search continues
Tragedy at Mount Maunganui: Six still unaccounted for The Mount Maunganui community remains on edge as the search for the six individuals still unaccounted for after the catastrophic landslide continues. One of those believed to have perished is Max Furse-Kee, a 15-year-old whose family has described him as kind, thoughtful, and deeply loved. Rescue crews…
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Mount Maunganui landslide: Mother recalls Max Furse-Kee as kind and beautiful
Tribute to a Young Life Lost in Mount Maunganui The community around Mount Maunganui remains gripped by sorrow as investigators continue to search for answers in the landslide that transformed a quiet hillside into a scene of tragedy. One of the six people still unaccounted for is 15-year-old Max Furse-Kee, whose mother has spoken publicly,…
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North Otago ducks help frontline against bird flu through surveillance testing
Overview of the surveillance effort In the wake of a bird flu outbreak tied to a Moeraki poultry farm at the end of 2024, New Zealand is ramping up surveillance to safeguard its borders against the virus. Scientists and authorities have turned to a practical line of defense: field testing involving mallard ducks in North…
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Mount Maunganui Landslide Update: What We Know Right Now
Overview of the Mount Maunganui Landslide A serious landslide struck a campground in Mount Maunganui, a coastal town in New Zealand’s Bay of Plenty region, southeast of Auckland. Local authorities and emergency services are racing to determine how many people are unaccounted for as weather conditions and terrain complicate the response. The incident has sent…