Result Page 33 for Latest Economy News & Archive

An Economic Recovery Where’d You’d Least Expect It, Dubai

'I get calls weekly asking if I will sell my home. I finally stopped one to ask, 'Does anybody actually say yes?' And he said, 'Of course. Otherwise, why would we do this?''

Australia Tops List of Nations Where it is Costly to Study, Canada is Cheaper

Students wanting to study overseas, particularly in Australia, either need to have been able to have saved a lot or at least able to maintain two jobs to be able to afford paying for their tuition costs and other expenses. According to a new research HSBC, Australia ranks the list of most expensive countries for oversea students, followed by the United States, United Arab Emirates and the United Kingdom. Canada is cheaper.

Canadian Woman to Press Charges Against Capital Health after Losing Breast Due to Depressing Hospital Records Mix-up

Canada's Capital District Health Authority in the province of Nova Scotia is about to get enmeshed in a potentially disruptive legal landmark case. A woman from Halifax is about to press charges against the health service provider after losing her breast due to a sickening hospital records mix-up.

China Confirms First Human Transmission of H7N9 Avian Influenza

A woman working as a poultry slaughtering worker in Boluo country in Southern China's Guangdong province has contracted the dreaded H7N9 avian influenza, prompting authorities to confirm the virus can be transmitted to humans.

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Treasurer Bowen: Australian Economy in Crisis

The only funnier paragraph we've read recently was the preceding one: 'Australia will post a budget deficit of $30.1 billion for the fiscal year, a gross miscalculation from its May estimate of $18 billion, but the government promises to stay on track.'

Damaged Fukushima Nuclear Plant Workers Allege TEPCO Operator’s Been Lying on True State of Japan Meltdown Crisis

Workers of the damaged Fukushima nuclear plant in Japan have alleged its operator Tokyo Electric Power Company (TEPCO) have been lying about the true state of meltdown crisis in the facility.

Pope Francis Issues New Decree Expanding Role of Internal Watchdog Over Vatican Bank, Serious on Getting Money-Laundering Eliminated

Pope Francis has issued a new decree effectively expanding the supervisory role of the Financial Information Authority (FIA) over the Institute for Works of Religion (IOR), otherwise known as the Vatican Bank, in a serious attempt to thwart and eliminate any money-laundering schemes and activities within its halls.

Heat Wave Around the World: New Record Again for Shanghai, Austria and Hungary; UK Advised to Brace for Scorcher

All around the world, the smoldering heat wave continues to break and set records from end to end of the globe.

China Anti-Air Pollution Drive Casualty: Local Chinese Auto Makers at Risk of Folding Up Due to Costly License Plates, Owners Preferring Imported, Expensive Units

As China steps up measures to combat its growing air pollution from out of proportions, imposing excessive rates on automotive license plates to encourage residents from buying additional units, local Chinese auto makers are unfortunately being driven to extinction.

New Zealand Dollar: Analysts Say It Would Take More Than a Milk Scare to Bring the Kiwi Dollar Down

The spotlight is on the New Zealand dollar as the country's largest dairy exporter was hit by a botulism scare which caused a slump in the Kiwi dollar earlier this week. As New Zealand's premier brand Fonterra was hit by import restrictions of products in China and other countries, the Kiwi dollar had a rare break from its strong momentum and plunged to its year low.

Direct Toronto-Saudi Arabia Flights Through Saudia Airlines Launched

Effective Oct 28, 2013, Canadians heading for pilgrimage, expatriates and even students may now fly direct to Saudi Arabia.

Canada Calls for More Blood Donations

Canadian Blood Services has made a desperate call to all health and able-bodied Canadian to donate blood to avert the looming potential shortage in its national reserves.

And the Next Federal Reserve Chairman Will Be…

The White House is casting about for a new Federal Reserve chairman. Three candidates have their mouths open, hoping to snag the hook: Janet Yellen, Larry Summers and Don Kohn.

A Dark Horse Candidate to Replace Ben Bernanke

Markets continued their summer trading behaviour last week. Up a little, down a little...meandering...strolling...not in a hurry to get anywhere. The end of the week found the Dow about where it began...and gold a bit lower.

Reserve Bank of Australia's Rate Cuts May Cause Housing Bubble in Australia

The Reserve Bank of Australia's recent rate cut may have unintended economic effects although the move was spurred with the intention of helping the Australian economy cope with the fading mining boom. Recent history has shown proof that central bank actions can lead to dire consequences. Economists fear a looming housing bubble.

In China, It’s Xiaomi That’s Preferred Smartphone Maker Over Apple

Apple Inc apparently has lost its days of glory in China. A latest survey released by research firm Canalys showed Xiaomi, one of China's low-end smartphone makers, has outbumped Tim Cook's Apple in the country's smartphone ranks to capture the No. 6 spot. Apple Inc slid to No. 7.

Global Terror Alert: Al Qaeda May Have Developed Highly Undetectable Liquid Explosive

Days after the U.S. and UK suspended the operations of its global network of embassies and consulates, U.S. intelligence officials disclosed the terrorist group Al Qaeda may have already developed a liquid explosive highly undetectable even by the most sophisticated scanning machines.

Fonterra Fallout: Milk Prices Drop at Global Dairy Auction, New Zealand Dollar Recovers Quickly

As previously expected, international dairy prices dropped at the first GlobalDairyTrade auction after Fonterra's botulism scare that resulted in China declaring an import ban on some of the company's milk products.

Reserve Bank of Australia Cuts Interest Rates to 2.5%, Australian Dollar Jumps After Rate Cut

The Reserve Bank of Australia has cut interest rates to a record low of 2.5 per cent during its board meeting for the month of August. The latest interest rate cut is the first since the Reserve Bank has declared a 25-point cut in May 2013 when the Australian dollar was above parity with the U.S. dollar. This is also the second time interest rates have been cut in an ongoing election campaign.

The US Dollar, America’s No.1 Export

Another day of piddly trading, with piddly losses for both stocks and gold. So let's turn back to our thoughts.

The Global Banking System, On the Road to Fragility

The market has called Bernanke's bluff. The melt-up is on. After spending the past few months trying to convince the market that the US economy is improving, putting an end to QE and zero interest rates, the market isn't buying it.

Botulism Scare News Cause New Zealand Dollar and Fonterra's Shareholders' Fund Unit Price to Fall

Due to the botulism scare that rocked the New Zealand dairy industry, the Fonterra Shareholders' Fund units fell to its lowest level in 2013. Other dairy companies in New Zealand also saw a drop in units amid investor concerns that earnings will take a tumble due to the recent whey protein bacterial contamination. The New Zealand dollar also took a tumble as currency investors reacted to the ongoing uncertainty.

Olympic Spirit Fading as Russia Steps Up Anti-Gay Quest on Athletes?

The Olympic Spirit, which is "to build a peaceful and better world which requires mutual understanding with a spirit of friendship, solidarity and fair play," hangs on a balance next 2014. Gay international athletes bound to compete for the honor of their respective countries in the 2014 Olympics in Russia will be specifically targeted as the country steps up its anti-gay quest.

EU, China: Yes to Truce, Still No to Amicable Trade Relations

For months, EU and China has been engaged in a semi-trade war, the events of which seemed inevitably moving towards a full-blown trade war between the two important economies. The two sides have engaged in a tariff war for months.

Vatican Bank IOR Unveils Shroud of Mystery, Opens Web Site for Transparency

Knowing fully well it continues to be hounded by intrigues and controversies regarding its management of Church-related funds, the Vatican bank Institute for Religious Works has opened up a Web site for everyone to see as it aims for transparency in all its dealings.

New Zealand Dollar Continues to Outperform Australian Dollar

The New Zealand dollar is on a 5-year high as it approached 89 Australian cents on August 1 as investors banked on New Zealand's economy over Australia where the nation is currently experiencing an economic slowdown.

Airline Employee Charged with Theft for Stealing Passenger Luggage after Asiana Airlines Crash

Charges of grand theft and commercial burglary have been slapped against an employee of United Airlines and his girlfriend for allegedly stealing passenger items from luggage detained at the airport, following the crash of Asiana Airlines Flight 214 in early July.

Live Animal Trade Under Scrutiny Following Mistreatment of Animals

Agriculture Minister of Australia, Joel Fitzgibbon, has announced there will be a new scrutiny on live animal trade. The move comes after calls for enhancing the industry following mistreatment of animals in 2011.

China Heat Wave: Forecast to Rise Further, Govt Activates Emergency Response for First Time (PHOTOS)

At least two people have died from the heat wave currently enveloping eastern and southern China, which on Tuesday has breached the 35 degrees C (95 degrees F) mark. For the first time ever, the China Meteorological Administration (CMA) has activated a level two emergency heat wave response as meteorologists forecast temperatures could reach 38 degrees C to 41 degrees C well into the first week of August.

Russian Labour Force: Bill Proposes Paid Days Off for Menstruating Women Employees

Apart from the customary mandated paid sick and vacation leaves, a Russian lawmaker is proposing to offer another two paid days off for its menstruating women employee labour force.

Australia's Congressional IT Pricing Committee Calls for Consumer Protection and Policy Change

Australian consumers have found themselves appalled at recent report uncovering taxpayers Down Under are paying 50 to 100 percent more than the U.S. buyers of the same technology products. The report by the parliamentary IT pricing inquiry committee prompted calls for consumer protection and policy change.

Global Gay Bars Unite, Ban Russian-Made Vodkas From List of Alcoholic Drinks Served, Australia Joins In, Industry at Risk (PHOTOS)

Manufacturers of Russian vodkas stand to suffer potential losses after the global LGBT movement has unilaterally decided to ban the type of alcoholic drinks from gay bars in response to Russian President Vladimir Putin's crackdown against the sector in his home country.

Reserve Bank of Australia Expected to Cut Rates Further in August

The Reserve Bank of Australia's Governor Glenn Stevens is expected to Australian dollar's outlook within the week as investors are showing confidence in the market. Governor Stevens said he will give the signal whether he will cut rates further in August.

China Invests Almost $300B to Remedy Air Smog Pollution Problem, Targets Beijing, Tianjin, Hebei

China, the world's chief emitter of carbon dioxide greenhouse gases, is poised to invest 1.7 trillion yuan (AU$298 billion) to remedy the growing air smog pollution problem lording over its horizons which has killed thousands and sickened hundreds over the years. Specifically, the amount will be used to institute programmes and measures to combat the smog situation in Beijing, Tianjin and Hebei province.

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