Switzerland, Sweden and the US were the first three. The Global Innovation Index pegs New Zealand still at #26 (unchanged) and Australia at #25 (and down from #23 last year). These rises are largely driven by Russia energy prices, and given the political tussling between the EU and Russia, they may not fade like the rest of the world. In Germany, import prices surged +22% year-on-year in October, the largest annual increase in more than 40 years and well above market consensus of less than a +20% rise. Singaporean industrial production data for October showed an unexpected improvement. Even respected news sources are now featuring box-office 'successes' and dog-owner complaints. In China, news about the economic stress their economy is in is suddenly absent from their reporting. The numbers of empties is truly enormous, exceeding 100,000 and growing. The flow of full-container trade back to China is small by comparison, and the flush of imports for the holiday season is coming to an end.
#ACTIVE SKY NEXT SUDDEN WIND CHANGE HOW TO#
Meanwhile, at US ports, as containers of goods unload, a new logistics problem is emerging - how to handle the mountains of empty containers. Two of these new Omicron (South African) cases have been detected in Hong Kong now, indicating broad travel spread already. Oil prices sank much more, down -13% on the day (see below).Ĭountries including the US and the UK are weighing new travel restrictions. The NZD has not fared well.Ĭopper fell -3.6% in markets today to US$9465/tonne. Investors took heed of the new WHO warnings of the emerging South African variant that is probably resistant to current vaccines, and the early closing of borders again in response, and have reacted in a sharp risk-off manner globally.Ĭommodity prices, equity prices, and interest rates have all tanked substantially, and there has been a rush to the 'safety' of the core currencies. "The fires will probably be ongoing and, realistically, until we get enough rainfall to really change the fuel loads and allow them to moisten up, we will probably see these conditions continue for a while," Ms Legge said.Here's our summary of key economic events overnight that affect New Zealand with news there has been a huge change of mood in financial markets overnight. It's definitely not over yet."Īnother cold front could be on the cards for late next week but there is no certainty it will bring rain. "So it will ease off slightly, but we will remain very high, pretty much throughout the area for the next few days at least. "They may remain a little bit gusty overnight though, especially the further north you go, depending on where the change is. "The colder air mass will start moving through on the Wednesday and the winds will start to ease on Wednesday. "We've got a colder air mass moving through, for at least New South Wales," Ms Legge said. Conditions may ease for New South Wales on Wednesday, but it is far from over. Ms Legge said Tuesday will definitely be the peak of the fire danger. "That means this whole extra level of unpredictability to what your fire's going to do."ĪBC Emergency has sourced advice from official agencies on how to plan for a bushfire, including preparing a survival kit.
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Winds will be blustering and the fire will actually start to interact with the atmosphere to a certain degree, depending on how strong the winds are and how hot the fire gets," Dr Sharples said. "They are going to move extremely quickly.
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Jason Sharples, Associate Professor at the University of New South Wales and bushfire dynamics expert, said that fires that formed under catastrophic fire conditions had erratic fire behaviour. So you've always just got to listen to the advice of emergency services," Ms Legge said. "The changing wind direction is often where people can get caught out. So, even though it appears the fire has moved past it does not mean you are out of danger. When northerly winds are replaced by a cold front bringing strong south-westerlies, anyone on the eastern side of the fire is in danger.