ECONOMY

Zara and other international retailers’ Australian earnings are dwindling – a signal that worst is over for local department store, says Myer’s Bernie Brookes

Air Canada has ran into an expected delay in the delivery of its 251-seater Boeing 787 Dreamliner, forcing the airline to lease planes for three summer routes, including Spain and South America.

The full strike threat of British Columbia's unionized teachers will now most likely push through after both the group and the B.C. government failed to settle wage offer negotiations over the weekend.

Canadian Securities Administrators on Monday warned investors to be cautious when investing in medical marijuana stocks.

Natal, the Brazilian host city of this year's 2014 World Cup, has issued a flood alert after it received a whopping amount of water from two days of non-stop rains.

After a downbeat European session, sentiment managed to recover in US trade, despite a continuation of Iraq concerns. There was some positive data out of the US including the Empire State manufacturing index, industrial production and the NAHB housing market index. However, investors seem to be looking ahead to the Fed meeting. The IMF was also on the wires downgrading the US growth forecast for 2014 to 2% (from 2.8%) and maintained 2015 growth at 3%. Major currency pairs just continue to hold t...

In US economic data, the New York Federal Reserve manufacturing index rose from +19.01 to +19.28 in June, above forecasts for a result near +15. Industrial production rose by 0.6% in May, just above forecasts. And capital flows into the US totalled US$136.8 billion in April after the previous month recorded outflows of US$126.1bn.

The Canadians, in commemoration of their country's 150th birthday in 2017, have handed a list to their government the top 10 greatest heroes that they consider worthy to be recognized.

The economy of New Zealand grew 1.1 per cent during the first three months of the year compared to 0.9 per cent in the fourth quarter of 2013. According to economists, the country's economy had probably accelerated during the first quarter of the construction and rebuilding in Christchurch.

Two Philippine air carriers have sought to file additional flights to Canada after the bilateral air-services talks between the two countries were concluded in May this year.

Arabic and Islamic nations have threatened to boycott products from Australia after the government's decision to change calling the West bank from "occupied" to "disputed" territory.

Local and global stocks are wobbling in the market on oil price hike

A growing trend among Aussie home sellers show they prefer foreign buyers over locals

After Belgium and Canada, Australia has ranked the third highest house price-to-income ratio worldwide, according to the International Monetary Fund.

Probably feeling refreshed and well-rested after a 2-day absence from the job, Pope Francis blasted the corrupt, slave laborers, arms manufacturers and human traffickers during his general audience on Wednesday. He described people or institutions producing weapons of war are "merchants of death" and therefore the world's harbingers of doomsday.

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 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.

Instagram, Facebook's photo-sharing application, will be expanding its advertising reach outside of the U.S. to target users based in the UK, Canada and Australia.

So Pope Francis isn't a man of steel or ironman after all. Or just so we thought? The incumbent spiritual leader of the 1.2-billion strong Roman Catholic church has for the very first time filed for a leave of absence from work since taking on the post in March 2013. Vatican assured believers and skeptics alike it was nothing major, just that the pope was tired.

The Australian Bureau of Statistics (ASB) will release on Thursday the country's unemployment figure, and it is expected to report a 5.9 percent joblessness rate for May.

Business confidence in Australia continues to remain "steady" in the face of the Abbott government's tough budget cuts and falling consumer confidence.

The International Air Transport Association (IATA) has formed a taskforce that will work on creating a technology to track all aircraft in the world. The group is composed of airlines, pilots, flight safety organizations and flight tracking and navigation service providers.

Spain is cutting its public deficit by massaging numbers. The manipulation comes in the form of including the value of the work of prostitutes as well as those in other illegal activities such as drugs, people trafficking and contraband.

According to the data from Ericsson, mobile penetration for the U.S. and Europe markets are almost over with regard to high-end devices.

A Canadian company has launched the world's first full-scale municipal waste-to-biofuels and chemicals facility.

It seems there is really no more stopping an El Niño 2014 occurrence. Latest updates released by weather experts from the Australian Bureau of Meteorology and the U.S.' NOAA point to an El Niño becoming established in the Pacific Ocean by August.

Canadians in Quebec suffering from dreaded or long-time health afflictions have now been afforded the right to die, as the provincial government on Thursday passed Bill 52, otherwise known as an act respecting end-of-life care.

Three new gases have been discovered by scientists to be present up there in the atmosphere that could exacerbate the rate of the world's global warming status.

A new study published in the New England Journal of Medicine has identified that the source of infection of the widening Middle East Respiratory Syndrome (MERS) virus are the camels in the kingdom.