ECONOMY

New Zealand's Prime Minister John Key Smiles After the General Election in Auckland.

New Zealand Economy to Grow 3.5%; IMF Warns of Housing and China Slowdown

The International Monetary Fund (IMF) is expecting a 3.5 per cent growth for the New Zealand's economy for the year before going back to a 2.5 per cent average by 2016. According to the IMF, the country's economic expansion is being driven by favourable financial conditions, resurging construction activity, high commodity prices and a sufficient increase in immigration.

New Zealand 'Friendlier' to Start-Up Companies Than Australia

New Zealand is "more friendly" to start-up companies than Australia. Hobart native Craig Richardson is living proof of start-up success in New Zealand. When he left his home in Sydney to start his own tech company, he hasn't looked back since.
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Demonstrators prepare signs supporting the raising of the federal minimum wage during May Day demonstrations in New York May 1, 2014. REUTERS/Lucas Jackson (UNITED STATES - Tags: CIVIL UNREST POLITICS BUSINESS EMPLOYMENT TPX IMAGES OF THE DAY)

$18.70 Minimum Wage Hike Disappoints Labour Unions, But Employers Warn of Job Cuts

Like the Reserve Bank of Australia's overnight cash rate decisions, the Fair Work Commission's (FWC) announcement on Wednesday hiking the minimum wage by 3 per cent or $18.70 per week was a damn if you do, damn if you don't situation for the federal government. Labour unions are not happy at the increase they consider measly, while employers warn the new minimum salary of $640.90 per week by July 1 would lead to job cuts.
A worker stands in front of an 18-m (59-ft) high and 1.6-km (1-mile) long tsunami defence wall at Chubu Electric Power Co.'s Hamaoka Nuclear Power Station in Omaezaki, Shizuoka Prefecture, in this file picture taken May 17, 2013. In the three years since

Japan Starts Constructing Ice Wall at Crippled Fukushima Power Plant

Tokyo Electric Power Co., operator of crippled Fukushima power plant, has started constructing a huge underground ice wall around the Fukushima No. 1 nuclear plant. This plan is seen to control and manage the production of toxic water at the complex devastated by a tsunami that was triggered by a magnitude 9 earthquake in March 2011.

Australia Logs 1.1% GDP Growth in Q1 2014

Australia's economy is back on a growth path after it registered a 1.1 per cent gross domestic products (GDP) growth rate for the first quarter of 2013, The Australian reports.
A Google Search Page Is Reflected In Sunglasses.

Google Removal Requests Mostly Related to Frauds, Crimes – CEO

Google, in compliance to a ruling by the European Union Court of Justice (ECJ) that allows the Europeans' right to be forgotten on the Internet, has created a Web site that will specifically handle such removal requests. On the very first day it was launched, the world's No. 1 Internet search company received a whopping 12,000 removal requests.
Demonstrators Smoke a Giant Joint of Cannabis During a Pro-marijuana Legalisation March in Brasilia

New York State Assembly Greenlights Medical Marijuana Bill

The State Assembly of New York on Tuesday has passed a legislation legalising medical marijuana in the area. But will it also sail through the Senate this time? This is the fifth time, in a span of 7 years, the assembly has passed a medical marijuana bill.

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