Here's our summary of key economic events overnight that affect New Zealand, with news global trade networks seem to be fracturing at a faster pace now. Mortgage interest rates fell last week, back under 7% and back to September's levels. China is cozying up to Saudi Arabia, shoring up its energy supplies and going its own way on global trade. While the Xi's trip there is mostly theatre, it does underscore the fracturing of the previous integrated global trade network. Tokyo ended yesterday down -0.4%.

Photo: NZ HeraldJust before 5pm yesterday, Dunedin Labour MP David Clark and Local Government Minister Nanaia Mahuta put out a press release trumpeting new water affordability reforms. Dr Clark is one of several prominent Labour MPs who were tipped to announce their decisions to retire from Parliament in the coming days, as Prime Minister Jacinda Ardern prepares for a long-planned Cabinet reshuffle. However, Dr Clark decided to hang tough and must have felt quietly vindicated when returned by the voters of Dunedin in the election late that year with an increased majority. Labour will not have to look far for a replacement for Dr Clark if he has indeed decided to retire. Dr Clark grew up in Auckland and moved to Dunedin to study at the University of Otago.

David Clark has held the safe Dunedin (formerly Dunedin North) seat since 2011. Photo: NZ HeraldDunedin MP David Clark has reportedly decided to step down and will retire at the next election. Newsroom is reporting that the former Health Minister will not continue as an MP after the 2023 election. The Labour MP has held the safe Dunedin (formerly Dunedin North) seat since 2011. Dr Clark quit as Health Minister in July 2020 as penance for two breaches of Covid-19 pandemic lockdown regulations, Prime Minister Jacinda Ardern having earlier said she would have sacked him but for the health emergency.

Below is an edited extract of the ‘Your Next Mortgage Move’ Report published by Aussie Home Loans and CoreLogic:Australia’s mortgage market is moving through unprecedented change. The ultra-low cash rate target was a part of a set of policy measures to get more credit flowing through the economy. Figure 1 shows average new mortgage rates by type for owner-occupier home loans. In May 2021, average fixed mortgage rates with a set rate of three years or less dipped to a low of 1.95%. Assuming full cash rate rises are being passed on to mortgage rates, this would put the average new variable mortgage rate for owner occupiers at around 5.08% through December.

"Today FM remains a long-term project for MediaWorks and there won't be a full national picture until next year when the results are decoupled from Magic Talk." Newstalk ZB's total audience actually dropped by 15,000 in the city but it was still 30,000 clear of its nearest music challenger, Mai FM. The new station sits in 15th, just behind the local Māori station Atiawa Toa FM and George FM. On the measurement for station share in this market, Today is 0.9 to Newstalk's 27.4. The Christchurch picture is similar, with Today in 17th place by station share and 14th by total audience.

Patsy Reddy has been appointed as the first female chair of New Zealand Rugby (NZR) as the governing body prepares to declare another financial loss for 2022. Reddy was elected chair at NZR’s final board meeting of the year and will replace outgoing chair Stewart Mitchell, who will step down on January 31 after nine years on the board. Current NZR directors Farah Palmer and Bailey Mackey have been elected as Reddy’s joint deputy chairs.

After more than half a century, the last 747 jumbo jet rolled out of Boeing's factory on Tuesday. It was the largest commercial aircraft in the world and the first with two aisles, and it still towers over most other planes. 2017The last passenger 747 was delivered to Korean Air. A steward and stewardess serving first-class passengers with drinks and refreshments on board a Boeing 747 in 1970. AP with Stuff.co.nzSee also: Why the Boeing 747 was designed with a humpSee also: 'It got a bit rowdy': Inside iconic '70s Qantas jumbo jet's lounge

Prince Harry and Meghan have come under fire in New York due to the impending release of their scandalous Netflix documentary. Video / freddimblebyPrince Harry and Meghan have come under fire in New York due to the impending release of their scandalous Netflix documentary. Video / freddimblebyPrince Harry’s awkward encounter with media at a red carpet event has been caught on camera ahead of the release of his and Meghan Markle’s bombshell Netflix documentary. Meghan, Duchess of Sussex, left, and Prince Harry at the Robert F. Kennedy Human Rights Ripple of Hope Awards Gala. Photo / APElsewhere, Meghan also praised the late Robert F. Kennedy, saying: “The enduring dream of RFK of a just and peaceful world is so much more than a simple hope.

nzherald.co.nz published this video item, entitled “Watch live: Deloitte Top 200 awards.| nzherald.co.nz” – below is their description. Watch live as winners are announced at the Deloitte Top 200 Awards, New Zealand’s most prestigious business awards. Check out our playlists: https://goo.gl/Swd249 Like NZ Herald on Facebook: https://goo.gl/tUC4oq Follow NZ Herald on Instagram: https://goo.gl/oLicXe Follow NZ Herald on Twitter: https://goo.gl/Wi6mbv nzherald.co.nz YouTube ChannelGot a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.

“If possible, have a trusted colleague with you.” If that doesn’t work, “seek legal advice, for instance through Acas [acas.org.uk].”Worried you’re getting the not-so-subtle cold shoulder? Your workload has tripledOn the other end of the scale, you’re working through lunch, past 7pm and on every weekend. You ask your boss why, and all you’re met with is a shrug and some corporate speak about targets. You’re working from home - a lotYou’ve done the laundry and watched BBC Breakfast and you’re craving a cappuccino at your desk and some office gossip. You tell your boss you’re coming in after all and she tells you not to bother as the intern needs your desk.

Ivanka Trump at the White House in 2017. Photo / Getty ImagesOPINION:In 2015, I invited Ivanka Trump to join the FT table at the White House Correspondents’ Dinner. Last month, Donald Trump finally did what he had been promising to do and declared his intention to run for president in 2024 as a Republican. Opinion polls during most of the past year indicated that the former president was the favoured nominee of most GOP voters. When he sat tweeting in the White House, Trump mesmerised the world because his tactics broke the mould in a shocking and unpredictable way.

nzherald.co.nz published this video item, entitled “Rescues Palooza to help animals in need | Local Focus” – below is their description. Bay of Plenty Animal rescue organisations that rely on donations and adoption fees to stay open are feeling the squeeze from rising living costs. But a “Rescues Palooza” fundraising market this weekend aims to give them a helping hand. See the full story for details: https://bit.ly/lf1476Public Interest Journalism funded through NZ On Air. Subscribe and be notified of breaking news: https://goo.gl/LP45jXCheck out our playlists: https://goo.gl/Swd249Like NZ Herald on Facebook: https://goo.gl/tUC4oqFollow NZ Herald on Instagram: https://goo.gl/oLicXeFollow NZ Herald on Twitter: https://goo.gl/Wi6mbvnzherald.co.nz YouTube Channel

It was delayed by his parents' insistence he only be given blood from someone who has not been vaccinated against Covid-19. The judgement issued by Justice Gault last night outlined how doctors tried to work with the parents but the relationship eventually broke down. He referenced a meeting on 25 November between Starship Hospital's paediatric cardiac surgeon in chief and other specialists. Justice Gault's decision gave Starship doctors the right to carry out the surgical and recovery care the baby needed because that was in the baby's best interest, he said. Justice Gault noted the relationship between doctors and the parents had suffered and urged both sides to work together.

Photo / Brett PhibbsZ Energy has apologised to its airline customers and any passengers that may be affected after fuel rationing was imposed out of Auckland Airport. Bennetts said there were ample supplies of jet fuel in Wellington, Christchurch and Queenstown. Energy and Resources Minister Megan Woods said a month ago New Zealand’s fuel supply resilience was being improved. Fuel importers and wholesalers with bulk storage facilities will be required to hold minimum levels of onshore stocks of petrol, jet fuel, and diesel. Minimum fuel stockholding levels for them will equate to approximately 28, 24 and 21 days’ worth of petrol, jet fuel and diesel respectively.

In This Story: PoliceThe police are a constituted body of persons empowered by a state, with the aim to enforce the law, to ensure the safety, health and possessions of citizens, and to prevent crime and civil disorder. Their lawful powers include arrest and the use of force legitimized by the state via the monopoly on violence. 2 Recent Items: Police