ECONOMY

New Zealand Minister, Economists Slam U.S. Analyst for 'Alarmist' Article on NZ Economy Going to Recession

New Zealand economists have rejected the claims of an analyst writing for U.S. magazine, Forbes, that the country is headed for "a major fall." Jesse Colombo wrote in a Forbes column that New Zealand's housing market was "overvalued" and an increase in interest rates could lead to recession. The 28-year-old analyst suggested that along with Australia, Canada and other countries, New Zealand's economic bubble could burst. Mr Colombo said the bubble could pop and he expected it ...
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Tokyo Electric Power Co (TEPCO)'s handout shows an image taken by a gamma ray camera showing the bottom of a ventilation stack standing between Fukushima Daiichi nuclear power plant's No.1 and No.2 reactors, where radiation exceeding 10 sieverts (10,000 m

Fukushima’s Tepco Slapped with US$1B Lawsuit by 79 US Sailors Over Radiation Claims

Financially strapped Tokyo Electric Power Co, operator of the crippled Fukushima Dai-ichi nuclear power plant, has been slapped a US$1 billion lawsuit by the 79 US sailors who were the first respondents to the crisis three years ago. The sailors claimed the operator lied about the high level of radiation in the area as they carried out their humanitarian mission.

Air New Zealand Unveils First Black Boeing 787-9 Dreamliner

Boeing has debuted over the weekend to the global aviation industry Air New Zealand's first ever 787-9 Dreamliner. And it's painted black all over with the official New Zealand Fern Mark the only colour contrasting it in white emblazoned across the rear of the plane.
Britain's Prince William, his wife Catherine, Duchess of Cambridge, and their son Prince George disembark from their plane after arriving in Wellington

New Zealand Business and Tourism to Benefit from Royal Couple, Prince George Tour

The royal tour of the Duke and Duchess of Cambridge of New Zealand will bring many benefits to the country. The New Zealand government said the royal couple's visit is good for the island nation. The Duke and Duchess of Cambridge are set to begin their nine-day tour of New Zealand. The government has promised that the money used will be going back to the economy as the royal tour highlights the country's business and tourism industry.

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