New Zealand Dollar rises as weaker US jobs data hit US Dollar

NZD/USD trades around 0.5710 at the time of writing on Friday, up 0.21% on the day, supported by improved risk sentiment and a weaker US Dollar (USD) following a softer-than-expected US employment report. US financial markets remain closed on Friday in observance of Independence Day, which could keep trading volumes subdued.The New Zealand Dollar (NZD) also draws support from the latest economic data released in China. The RatingDog Services Purchasing Managers Index (PMI) eased slightly…

Finance news

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See the 10 longest airline routes in the world, ranked by distance

The world’s longest flights are getting even longer.Australian flag carrier Qantas is expected to launch an up to 22-hour flight between Sydney and London in October 2027, known as “Project Sunrise.”At just over 10,500 miles, it would become the world’s longest flight — a trek made possible by a specially…

Business

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Microsoft layoffs could affect 4% of its workforce next week

Microsoft is expected to lay off up to 2.5% of its workforce as early as next week.  The cuts, which could affect 5,000 employees, may impact sales, consulting and the Xbox gaming unit, according to a report from Business Insider Tuesday. The layoffs would mark the latest round of restructuring in…

Markets

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Snowflake’s Denise Persson Says the CMOs Greatest Asset Is Trust

As chief marketing officer at Snowflake, Denise Persson engages with peers from some of the world’s biggest companies about their artificial intelligence strategy.These CMOs are all taking about the same thing, she says. “The big topic, which is the big topic here at Cannes as well, is how do we…

Investing

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