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New Zealand may appear to be under a meteor strike right now. After a large meteor exploded over the ocean near Wellington on July 7, creating a sonic boom that could be heard at the bottom of the South Island, a smaller fireball was captured two weeks later over Canterbury. Fireballs Aotearoa, a collaboration between astronomers and citizen scientists aiming to recover a recently fallen meteorite, has received a lot of questions about this event. One of the most frequent is about the color bright green, and is it the same green that the aurora produces. Aurora australis observed from the international space station. Wikimedia Commons CC BY-ND Green fireballs have been reported and filmed in New Zealand regularly. Bright meteors often signal the arrival of an asteroid boulder, which can be between a few centimeters and a meter in diameter when it hits the atmosphere. Some of these asteroids contain nickel and iron and hit the atmosphere at spe

Australia may be facing record inflation, but that is nothing compared to some countries as New Zealand is mired in a miserable cost of living – while China looks smug. Prices soared as the country faced the perfect Covid storm and soaring fuel and electricity bills while flood-stricken farmland saw food prices skyrocket. The battle against inflation is being fought globally – and even though Australia is suffering, the 5.1 percent inflation rate here is still among the best in the world. Australia may be facing record inflation, but it pales in comparison to some countries as New Zealand is mired in cost of living woes – while China looks smug China has so far emerged almost unscathed while most other countries are suffering from the Covid stimulus package that has overheated the global economy. In New Zealand, inflation is currently at 6.9 percent and has brought some families to the brink of starvation as they struggle to cope with rising prices. Kiwis actually pay 25 percent

Central banks in New Zealand and Korea have pushed ahead with further super-sized rate hikes as they seek to tame rampant inflation. Key points: Both the RBNZ and the Bank of Korea have raised interest rates by another 50 basis points New Zealand’s benchmark interest rate is now 2.5 percent and Korea’s 2.25 percent Many economists now expect that many central banks will halt rate hikes by the end of the year Both have been at the forefront of global central bank moves to dampen inflation, lifting interest rates from pandemic lows in the second half of 2021, months ahead of most other central banks, including the Reserve Bank of Australia (RBA), which was the first to move. enter. Possible. The Reserve Bank of New Zealand (RBNZ) increased its benchmark overnight cash rate target from 2 to 2.5 percent today, while the Bank of Korea (BoK) also raised interest rates by 50 basis points this morning to 2.25 percent. It is the third consecutive meeting that New Zealand’s central bank has rai

In the race to get off the economic rollercoaster caused by COVID, Australia’s Pacific neighbors New Zealand are holding the ball firmly in their hands and about six steps ahead. Key points: At 6.9 percent, inflation in New Zealand is the highest in 32 years Property prices have fallen about one percent every month since banks started raising interest rates in October 2021 ANZ chief economist for NZ not worried about recession After slashing interest rates during COVID, the Reserve Bank of New Zealand (RBNZ) was one of the first to make a reversal and began increasing the official interest rate (OCR) in October 2021. His first increase was a quarter of a percentage point, with several rate increases of the same size after that. But it actually picked up in April, up half a percentage point, followed by another double gain in May. The RBNZ is widely expected to undertake another half a percentage point rate hike later today, at midday AEST. That would take its OCR from 0.25 percent in S

Meteorites hit New Zealand three or four times a year, but the fireballs that shot through the skies over the Cook Strait last week were unusual. It had an explosive power of 1,800 tons of TNT and was captured from space by US satellites. This triggered a sonic boom that was heard throughout the southern part of the North Island. Witnesses described a “giant bright orange fireball” and flashes that left “a trail of smoke that hung for several minutes”. The fireball was most likely caused by a small meteor, several meters in diameter, that crossed Earth’s atmosphere. That is one of only five impacts greater than a thousand tonnes of energy globally in the past year. Most meteors are small, creating “shooting stars” that only briefly penetrate the atmosphere. The meteor’s fragmentation generated a shockwave strong enough to be picked up by GeoNet, a network of earthquake seismometers, with flashes bright enough to be recorded by global lightning-tracking satellites. The Metservice’s

Meteorites hit New Zealand three or four times a year, but the fireballs that shot through the skies over the Cook Strait last week were unusual. It had an explosive power of 1,800 tons of TNT and was captured from space by US satellites. This triggered a sonic boom that was heard throughout the southern part of the North Island. Witnesses described a “giant bright orange fireball” and flashes that left “a trail of smoke that hung for several minutes”. The fireball was most likely caused by a small meteor, several meters in diameter, that crossed Earth’s atmosphere. That is one of only five impacts greater than a thousand tonnes of energy globally in the past year. Most meteors are small, creating “shooting stars” that only briefly penetrate the atmosphere. The meteor’s fragmentation generated a shockwave strong enough to be picked up by GeoNet, a network of earthquake seismometers, with flashes bright enough to be recorded by global lightning-tracking satellites. The Metservice’s

When David Goffin struck a backhand into the net to send Cameron Norrie into the Wimbledon semifinals in front of the number 1 crowd on Court, there was bound to be a mixture of pride and regret at Tennis NZ headquarters in Auckland. After all, until the age of 17, Norrie proudly represented New Zealand – only to switch allegiances to England after being deemed unworthy of significant funding. That’s despite Norrie breaking into the world’s top 10 as a youth and being tipped for big things by former Davis Cup captain James Greenhalgh. READ MORE: * British audiences finally brought Kiwi-bred Cam Norrie to their hearts at Wimbledon * Erin Routliffe falls in the quarter-finals of the women’s doubles at Wimbledon * Nick Kyrgios will face Rafael Nadal in the first grand slam semifinal at Wimbledon Failure to keep Norrie – who has climbed to world number 12 and faces Novak Djokovic for a place in the final on Center Court on Friday (Saturday NZT) – will be a new focus if, as exp