New Zealand Financial News

New Zealand fast bowler Tim Southee clean-bowled India captain Rohit Sharma, star Virat Kohli was out for a duck as were three other Indian batters and the troubled home side was 34-6 at lunch on the second day of the rain-affected opening cricket test Thursday. Sharma, who won the toss and decided to bat, was out for 2 in the seventh over and Kohli, caught by Glenn Phillips off the bowling of William O'Rourke — who took 3-13 — was out two overs later without adding to India's then-total of nine runs. Sarfaraz Khan also left the field without scoring in the next over with India 10-3 and leaving Sharma possibly questioning his decision to bat first. In between the toss and the start of play, the skies darkened and lights had to be turned on before play could begin at M. Chinnaswamy Stadium.

India won the toss and opted to bat first under cloudy skies on the second day of the rain-hit opening test against New Zealand on Thursday. The first day's action was called off without a ball being bowled due to rain with more bad weather expected this week. India made two changes to their team, bringing in Sarfaraz Khan for injured batsman Shubman Gill and spinner Kuldeep Yadav for pace bowler Akash Deep.

The U.S. retirement system doesn't get high marks relative to other nations.

India vs New Zealand Test match at the M. Chinnaswamy Stadium from October 16 to October 20, 2024, the Bengaluru City traffic authorities have announced special traffic arrangements. To ensure smooth vehicular movement around the stadium, traffic restrictions will be in effect from 7:00 AM to 6:00 PM during the match days.

New Zealand qualified for the knockout stages of the tournament at the expense of both India and Pakistan, following a 54-run win for the White Ferns in Dubai on Monday against Pakistan. Matchday opponents Pakistan knew they could qualify if they chased down a target of 111 in quick time, while India would have qualified instead of both teams had Pakistan still gone on to win in a slower fashion. But a combination of superb bowling from New Zealand and a gung-ho approach from Pakistan saw the match race to a conclusion in just 11.4 overs of the second innings, as Pakistan crashed to 56 all out.

Google says it will stop linking to New Zealand news content and will reverse its support of local media outlets if the government passes a law forcing tech companies to pay for articles displayed on their platforms

Jayasuriya was appointed Sri Lanka cricket head coach on Monday, replacing Chris Silverwood who quit following the country's early exit from the T20 World Cup. Jayasuriya, 55, had been in interim charge since June and on Monday was appointed full-time coach until March 2026 after recent successes, which included a Test match win in England and a home 2-0 Test series sweep against New Zealand. «The Executive Committee of Sri Lanka Cricket made this decision, taking into consideration the team's good performances in the recent tours against India, England, and New Zealand,» Sri Lanka's cricket board said in a statement.

India Women registered their first win in the ongoing ICC Women's Word Cup on Sunday after beating arch-rival Pakistan by wickets six and seven balls to spare at the Dubai International Cricket Stadium in the United Arab Emirates. Chasing 106 to win, opener Shafali Verma led the charge with a steady 32, while Jemimah Rodrigues scored 23 runs. Captain Harmanpreet Kaur handled a mini-collapse where India lost two wickets in as many balls when the score was at 80. The skipper remained unbeaten on 29, but was retired hurt with just two runs needed to win. Kaur injured her neck after she lost balance attempting to hit the winning runs. Earlier, the bowlers did a great job to restrict Pakistan to 105/8 in 20 overs. Pacer Arundhati Reddy spearheaded India's bowling with 3/19, earning her the Player of the Match award. Off-spinner Shreyanka Patil did not allow the batters to settle and registered figures of 2/12 in four over, including a maiden. Renuka Singh Thakur, Deepti Sharma, and Asha Sobhana picked up a wicket each. For Pakistan, Nida Dar scored a 34-ball 28 after being reduced to 41/4 inside 10 overs. Captain Fatima Sana and Syeda Shah played little cameos to help their team cross the 100-run mark.

Subscribe to enjoy similar stories. SYDNEY : Google threatened to stop linking to news in New Zealand if lawmakers pass a bill aimed at making digital platforms pay media outlets, setting up another fight over whether tech companies unfairly benefit from news content. New Zealand is seeking to become the latest country to pass a law that would compel digital platforms like Alphabet’s Google and Meta’s Facebook to pay for news articles, at a time when traditional media outlets have been struggling as readers shift to online platforms.

OpenAI is at the top with $14 bn, followed by Anthropic with $4.2 bn, and Databricks with $4 bn. As countries, the biggest investor in AI over the last 5 years is the US at $329 bn, with China at $133 bn, and Britain at $26 bn. What's alarming, however, is that power consumption for AI, estimated by Schneider Electric at 4.5 GW in 2023, is likely to go up to 14-18.7 GW by 2028. That's also attributable to a search on Google consuming 0.3 watt-hours (Wh), while a single ChatGPT query requires 2.9 Wh. Over a 1-year period, ChatGPT queries would roughly consume 10 TWh (terawatt hours), which can power all of New Zealand for 3 months. Another significant reason for the increase in AI power consumption is the new generation of GPUs (graphics processing units) being used. The CPU in a computer handles tasks for the software on the server to run, while a GPU helps perform repetitive tasks and concurrent calculations in parallel, very much faster.

New Zealand government has increased visa fees across all categories, effective from October 1. As a result, Indians will face higher charges while applying for work, visit or study visas in the country. The New Zealand government had made the announcement in August. Immigration Minister Erica Stanford had said were made to create a more sustainable immigration system by shifting the financial burden from taxpayers to visa applicants. “We’re ensuring the system is self-funding and more efficient,” Stanford said. “The changes we’re making are shifting the cost to those benefiting from the system.” She added that this move is expected to reduce the need for public funding by over $563 million over the next four years.

solar eclipse is set to occur on October 2, 2024. According to NASA, «On Oct. 2, 2024, the Moon will pass in front of the Sun, casting its shadow across parts of Earth.» This solar eclipse is often referred to as the "ring of fire." It is an annular solar eclipse, occurring when the Moon passes between the Earth and Sun at its farthest point from Earth. Because the Moon appears smaller than the Sun, it doesn’t completely cover it, creating a striking “ring of fire” effect in the sky.

London-based online trading platform Freetrade told CNBC Tuesday that it's agreed to buy the U.K. customer book of Stake, an Australian investing app.

Sri Lanka stormed to a series victory over New Zealand, securing the two-match test series with a resounding innings and 154-run triumph on the fourth day in Galle on Sunday. This victory, Sri Lanka's most dominant over the Kiwis, also marks their first win against New Zealand in 15 years. The hero of the games, left-arm spinner Prabath Jayasuriya, was named Player of the Series after a masterful performance, claiming 18 wickets across the two matches. Meanwhile, Kamindu Mendis took home Man of the Match honours for his unbeaten 182, anchoring Sri Lanka's colossal total of 602-5 declared.

Subscribe to enjoy similar stories. Bengaluru: Dragon Fund, which has backed prominent Indian startups including Meesho and Zepto, will ramp up its pace of investments in India and is likely to deploy more than half of its $500 million global fund it raised in 2023 by the end of this year, a top executive told Mint. “India will undoubtedly be one of our largest markets.

New Zealand is facing the prospect of their heaviest defeat in Test cricket after being forced to follow on in the second Test against Sri Lanka in Galle. Following a disastrous morning session where Sri Lanka claimed eight wickets, the tourists were asked to bat again, trailing by a massive 514 runs. Sri Lankan left-arm spinner Prabath Jayasuriya was the star of the first innings, taking 6 wickets for just 42 runs, while debutant off-spinner Nishan Peiris also contributed, taking three wickets and dismissing New Zealand opener Tom Latham in the second innings. New Zealand now faces the daunting task of chasing an improbable 511 runs on a turning Galle pitch to avoid an innings defeat. They had already lost the first Test by 63 runs, and a loss in this match would give Sri Lanka their first series win over New Zealand since 2009.

New Zealand batter Kane Williamson was set up by Sri Lanka Spinner Prabaht Jayasuriya in the second Test at Galle. The Kiwi batter could only managed seven runs in 53 balls as his team was bowled out cheaply for just 88 runs, trailing by 514 runs in the first innings. Williamson was dismissed in the 17th over when he tried to steady the ship for the visitors along with night watchman Ajaz Patel. Jayasuriya, however, gave the hosts their first wicket on Day 3.

Rishabh Pant returned to the international Tests in the Bangladesh series post his recovery after a serious car accident and immediately stamped his class. His brisk scores in India's first match of the series, including a century in the second innings, has brought him back to ICC Test rankings and he is in sixth position. The top 10 rankings in Tests released by ICC in Tests and ODIs saw ups and downs after some intense international cricket action. Yashasvi Jaiswal (751) has moved to fifth rankings, also helped by half-century in the first innings of the Bangladesh match. Pant is behind him at 731 rating points.

The Aussie peaked at $0.6907 in the early Asian session, its highest since February 2023, while the kiwi rose to a nine-month top of $0.6353, with both currencies extending their rallies from the previous session.

Vishwa Fernando sustained an injury. Sri Lanka Cricket released a statement to confirm that the 33-year-old seamer developed «tightness» in his right hamstring and will undergo rehabilitation to recover at SLC's high performance centre. «Vishwa Fernando had developed a tightness in his right hamstring while practicing, hence, he has been sent to the High Performance Center for rehabilitation,» SLC said in a statement on Tuesday.

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