ECONOMY

Chinese millionaires sought special investment visas, bringing their money with them to the country.

Chinese millionaires sought special investment visas, bringing their money with them to the country

Frequent Canadian air travelers may soon expect more direct flights between the country and Mexico following an expanded air travel agreement signed on Tuesday. Mexicans flying to Canada, however, still need to apply and secure visas.

Analysts based in London have likened New Zealand to Ireland in its state of pre-global financial crisis with an economy on the brink of collapse. In a Bloomberg report, SLJ Macro Partners Stephen Jen and colleague Faith Yimazn said it was only a matter of time before the New Zealand dollar will decline. Both analysts remarked that the reality is "quite different" despite the Kiwi dollar's strong performance as of late.

Chinese millionaires whose applications have been withdrawn after Canada scraped its Immigrant Investor Program (IIP) were hardly upset. They can always turn to the U.S. and Europe to expand and migrate anyway.

China is planning to build the world's longest underwater tunnel at a whopping cost of 220 billion yuan ($36 billion).

A web site in Russia accepts Bitcoin while USD is used in more unlawful transactions said chair of Bitcoin foundation.

With the growing childcare costs for nannies contracted through agencies, Australian mothers were forced to pay nannies through the 'black market' or through online and referral by friends. Nannies taken through this unregulated approach were only paid $15 per hour.

Indonesia has started to claim normalcy and control as it reopened on Sunday the airports closed on Java island following Mount Kelud's eruption on Thursday.

Australia's once-booming car manufacturing industry is now dead with the final blow delivered by Japanese car maker Toyota when it announced it will pull out of the country in 2017. In May 2013, Ford Motors said it would stop manufacturing cars in Australia. In December, Holden by General Motors followed suit. Toyota has sealed the fate of Australia's car industry by closing its assembly plants by the end of 2017. The last announcement has triggered fears of recession in Australia.

A recent household upload index has shown that Canada ranks only as a mere slow-moving 54th among the nations as far as Internet upload speeds is concerned. The country was listed just below Kenya and just above Mexico.

Air Canada's shares hit turbulence on Wednesday after the company announced an unfavorable fourth quarter 2013 results blaming the weak Canadian dollar and severe weather patterns.

Mexico's Grupo Bimbo SAB has acquired Canada Bread Company Limited for C$1.83 billion ($1.65 billion), the North American company announced on Wednesday.

New Zealand is expected to have a bigger growth rate in 2014 as Westpac bank raises its growth forecast to 4.2 per cent from the previous rate of 3.8 per cent. The bank revised its predictions following New Zealand's strong trade performance. In Westpac's recent economic review, the bank expects the Kiwi dollar to trade above $80 U.S. cents against the U.S. dollar and over 90 cents against the Australian dollar all the way to 2015.

Tokyo has a new governor, Yoichi Masuzoe. And with his election, observers believed it won't be long before some, if not all, of Japan's idling nuclear power plants get to restart again.

Fishing communities near the Earth's equator, particularly those in Southeast Asia, are at risk of losing their source of food and livelihood. An Australian-led study has found that the burgeoning climate change will make ocean waters to go warmer, pushing marine species to seek comfortable conditions elsewhere.

North Korea's been reported to be potentially holding the world's largest deposit of rare earth minerals at 216 million tonnes, which if properly managed and funneled could make the world's most isolated regime and its people rich and powerful.

Two vending machines selling crack pipes, the first of its kind, have been launched in Vancouver. The Drug Users' Resource Centre for the Portland Hotel Society, the non-profit group that help pave its launch, said it will help curb the spread of HIV and other communicable diseases among its users.

Australia's car manufacturing would die by 2017, while about 50,000 workers from the supporting industry would become jobless. That would be on top of 2,500 Toyota employees also joining the ranks of the unemployed in less than four years from now.

The World Meteorological Organisation (WMO), the UN's weather agency, has confirmed that the year 2013 had indeed been the world's sixth hottest year since record keeping began in 1850.

Authorities from the U.S. House Homeland Security Committee has warned all international airlines to take necessary precautions, following reports that terrorist groups have concocted explosives disguised as toothpaste bombs on flights bound for Russia.

A report issued on Thursday by Canada's budget watchdog has shown that the government and taxpayers have spent paying $871 million to sickly public servants in 2011-2012. The Public Service Alliance (PSAC) of Canada, meantime, said it will thwart attempts to cut full-time workers' allowable paid sick leaves of 15 days a year.

Immigrants to Canada seeking to make the country their second home have to spend more time and should master one official language before becoming legitimate Canadian citizens, based on a set of new stricter rules proposed by Immigration Minister Chris Alexander on Thursday.

A week after Delta Airlines has launched its 1980s-themed inflight safety video, Air New Zealand announced a new similar material that will surely send temperatures inside its cabins soaring with the wind.

Waves as high as 60 feet that lashed along Britain's shorelines have washed out portions of a 150-year old railway line into the sea. Residents have been advised to brace for more rains and potential flooding into the weekend.

A new deadly new bird flu strain H10N8 has been discovered in China. At least one has died from the brand-new bird flu strain.

Kalgoorie Super Pit extends mining to 2029, the company announces

Kiwis once again are saying their stern no to the Ozs.

Singapore's competition watchdog has sought the public to comment on its Web site on the planned alliance between Singapore Airlines Ltd (SIA) and Air New Zealand Ltd (Air NZ).