ECONOMY

Auckland Revises Tourism Targets

Auckland has modified its tourism targets by 20 per cent through 2021 because the city's visitor economy was booming, Mayor Len Brown said.
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A worker takes radiation readings on the window of a bus at the screening point of the Tokyo Electric Power Company's (TEPCO) tsunami-crippled Fukushima Daiichi nuclear power plant in Fukushima prefecture in this June 12, 2013 file photo. Since March 2011

Overreaction and Stress, Not Cancer and Radiation, Will Kill More People than Fukushima Scare – UN Report

The radiation from the crippled Fukushima nuclear power plant that has erupted into the atmosphere and fell into the ocean waters will not trigger any increase in cancer or health problems, a report released by the UN Scientific Committee on the Effects of Atomic Radiation said. What will definitely most kill the people are their overreactions and stress over possible radiation afflictions.

eBay Stocks Steady Despite Strong Q1 Sales

American online shopping store eBay is faced with steady stocks despite the release of its strong first quarter report on Tuesday as investors take into consideration the company's marketplace and second quarter guidance.
Marijuana-based products are displayed at the "Oregon's Finest" medical marijuana dispensary in Portland, Oregon April 8, 2014. Over 20 Oregon cities and counties are moving to temporarily ban medical marijuana dispensaries ahead of a May d

Health Canada Issues Recall Against Purple Kush Medical Marijuana

Concerns over "production practices" had prompted Health Canada to issue a recall notice against a British Columbia supplier of medical marijuana. The specific pot is Purple Kush, Batch PK-10-20-13, manufactured by Greenleaf Medicinals that is based in Nanaimo.

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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