SYDNEY The Reserve Bank Of New Zealand said on Thursday defaults in banks' agricultural lending portfolios were expected

YouTube’s UK and Ireland boss has insisted there will always be a future for long-form videos despite increasing competition from the likes of TikTok. Alison Lomax, who took on the post in January this year, told the PA news agency that YouTube is committed to a multi-format proposition, through its traditional longer videos as well as Shorts, launched in 2021 to draw back some of the audiences that had switched to short-form rivals such as TikTok. She said YouTube Music is rolling out its new podcast feature in response to increasing demand for podcasts from younger viewers, who she stressed are not turning their backs on longer-form content. Having launched in the US in April, it is now set to be unveiled in the UK by the end of the year, according to Ms Lomax. But it comes as TikTok continues to enjoy exponential growth, with mobile phone usage driving consumers towards short-form video. Speaking on the launch of YouTube’s latest UK impact report, Ms Lomax said: “Generation Z have really embraced the podcast, but they’re not 60 seconds.” She said in the future “there will still be a world for multi-format and you see that with creators”. “Just because you can create short form content, does not mean that they do. “People experiment with different formats.” (AI) is the buzz word of the year, but it's been part of what we are doing for many years Alison Lomax, YouTube UK and Ireland managing director The group, owned by Google parent Alphabet, said in its impact report that more than 45,000 full-time jobs were created among its creator economy in 2022, while its “creative ecosystem” contributed over £2 billion to wider UK economic output last year. The research, conducted by Oxford Economics, found that more than 65,000 creators and partners in the UK receive income linked to their YouTube presence, with over a third of British creators who earn money from YouTube saying it was their main source of revenue. Ms Lomax said recent developments in artificial intelligence (AI) were also presenting “real opportunities” for its creators. The group has been working with Google DeepMind, which is headquartered in Britain, to design AI solutions to create performance improvements on the platform for creators and viewers. Ms Lomax said YouTube has been using AI since 2017, including to help develop content moderation in the battle against misinformation, something that is becoming increasingly important in the area of health and in particular ahead of upcoming elections in the US and UK. She said: “(AI) is the buzz word of the year, but it’s been part of what we are doing for many years.” Echoing recent comments from YouTube chief executive Neal Mohan, she said the industry is “at a critical inflection point” with AI. “We need to boldly embrace it, but also by being mindful about responsibility.” YouTube recently announced an initiative that will see it partner with the music industry as artists face increasing challenges from the rise of AI technology. It has launched YouTube’s Music AI Incubator to help inform its approach to the technology, look at how it can enhance creativity and address issues. “We’re aware of the big opportunity but also we are aware of the downsides… we want to be part of the solution and the opportunity,” said Ms Lomax. The music initiative is the first of a number of YouTube announcements in the AI arena this year, she said, adding it is “something we’re thinking about very deeply for the ecosystem”. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Robotic dog brought into survey historic Cold War weapons testing facilities Period and fertility tracking apps scrutinised over data security concerns Russian cyber-attacks ‘relentless’ as threat of WW3 grows, expert warns

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Crystal Palace boss Roy Hodgson admits his side are in the thick of a “serious injury crisis” with midfielder Eberechi Eze becoming the latest player set for a lengthy spell on the sidelines. Eze’s hamstring issue ruled him out of selection for Gareth Southgate’s latest England squad after he featured last month, with the 25-year-old joining an ever-growing list of Palace players unavailable for Saturday’s home encounter with Nottingham Forest. Despite the latest blow, Hodgson made clear he had no intention of courting pity, pointing to the bigger picture as he sought to assure concerned supporters. Hodgson said: “There is no sympathy in the world of football for injuries and there is no point seeking sympathy. It happens to all teams. “We happen to be in the middle of quite a serious injury crisis at the moment, but we have to learn to deal with it and accept the situation and look forward to the time when our squad is bigger again when these players return. “OK, it’s not going to be in the next week or two, but the season doesn’t end until May so we have to keep that in mind as well.” Palace sit ninth in the Premier League table after seven matches and enter Saturday’s contest bolstered by their 1-0 victory over Manchester United last time out, with defender Joachim Andersen providing the decisive strike. Hodgson, aware of his dwindling resources, said: “We are going to be dependent now, really, on the players who have come in to take their places in doing a good job, which to be fair they have been doing. “I’m very satisfied with the way the team has been playing, and we’re a squad, so there is no point complaining about injuries. They do happen and you must never feel sorry for yourself. “One or two of the players who have come in, in the last two or three weeks, who have not necessarily played from the start, have come in and done exceptionally well. That is the way we have got to look at it.” While Hodgson refused to set a timeframe for Eze’s return, he did concede that the injury was “serious” and “the severity of the injury might suggest it’s as long as that.” Michael Olise, among Hodgson’s other key attackers, has not played this season as he continues to recover from a hamstring injury of his own, while summer signing Jefferson Lerma – also out with same problem – remains ruled out. Odsonne Edouard, yet another member of Palace’s hamstring woe-club, has progressed and could start against Forest at Selhurst Park, while Brazilian Matheus Franca is still working his way back to match fitness, but is “no longer injured”. Dean Henderson, James Tomkins and Naouirou Ahamada all remain unavailable. Read More Ollie Watkins extends stay at Aston Villa with new long-term contract Mikel Arteta: Arsenal must be at best in every department to beat Man City We’re not top-four contenders: Unai Emery plays down Aston Villa’s strong start Chelsea boss Mauricio Pochettino knows importance of Burnley game after two wins Manchester City boss Pep Guardiola ponders how to replace Rodri against Arsenal Ange Postecoglou accepts Liverpool denied ‘legitimate goal’ by VAR error

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Russia has suffered its highest losses since the peak of the battle for Bakhmut in March, British officials said on Sunday. The UK military said both sides are suffering high numbers of military casualties as Ukraine fights to dislodge the Kremlin's forces from occupied areas in the early stages of its counter-offensive. According to British intelligence, the most intense fighting has centred on the southeastern Zaporizhzhia province, around Bakhmut and further west in Ukraine's eastern Donetsk province. While the update reported that Ukraine was on the offensive in these areas and had "made small advances," it said that Russian forces were conducting "relatively effective defensive operations" in Ukraine's south. The Ukrainian military said in a regular update Sunday morning that over the previous 24 hours, Russia had carried out 43 airstrikes, four missile strikes and 51 attacks from multiple rocket launchers. According to the statement by the General Staff, Russia continues to concentrate its efforts on offensive operations in Ukraine's industrial east, focusing attacks around Bakhmut, Avdiivka, Marinka and Lyman in Donetsk province, with 26 combat clashes taking place. Read More Putin shows off what he claims is ‘draft peace agreement’ with Ukraine - that they ‘refused to sign’ Russia had means, motive and opportunity to destroy Ukraine dam, drone photos and information show Ukraine said to have recaptured village in Zaporizhzhia – as fierce fighting continues across frontline