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In cutting the cost of borrowing for the first time in overfour years. The Federal Reserve have dropped the main Interest Rate in the worlds biggest economy by half a percentage point, bringing it down to between 4. 75 and 5 . A drop larger than many expected, with some wondering now if this reflects the scale of the problems facing the american economy or the success in getting the pace of price rises, inflation, close to the banks targets. The governor of the fed, Jerome Powell says the us economy is in good shape and they intend to keep it that way. Our North America Business correspondent Ritika Gupta has the details. The Federal Reserve has deli ....
A disorderly tourist spent 48 hours in jail after she arrived drunk at Rarotonga International Airport and resisted police. Irene Joy Edwards appeared in. ....
The skipper of a boat that capsized on the notorious Manukau bar at the weekend , prompting a courageous rescue mission, says he feared for his life but knew. ....
With daylight savings in full swing and the leaves turning red and gold with speed, autumn has well and truly arrived. The change in seasons also heralds the. ....