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The relationship between US consumer confidence and recessions, in one chart
Consumer spending accounts for around 70% of the entire US economy.US consumer confidence rose to the highest level since late 2000 in February.Sharp downturns in consumer confidence have acted as a...
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What passengers eat on the world's longest flight from Perth to London
The 17-hour nonstop flight between Perth and London will be the world's longest flight when it kicks off later this month.A sparkling organic kombucha drink containing probiotics to aid digestion is...
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India just overtook China to become the world's fastest growing major economy
India's economy grew by 7.2% in the December quarter, overtaking China which grew by 6.8%.It follows a 12-month period of slower growth, following the twin shocks of demonetisation and a new tax.Gains...
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India dethrones China as the fastest-growing major economy
India’s economy grew by 7.2% in the December quarter, overtaking China which grew by 6.8%.It follows a 12-month period of slower growth, following the twin shocks of demonetisation and a new tax.Gains...
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China sets its 2018 growth target at 6.5% as debt crackdown continues
China’s 2018 growth target is in line with last year, amid plans for tighter government spending.The announcement was made Chinese Premier Li Keqiang in an address to the National People’s Congress.As...
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India has raised the stakes in its trade war for chickpeas with a new 60% tariff
The new tariff aims to restrict the flow of imports from producers in Australia and Canada.It marks the third tariff hike in chickpeas imports in the last three months.Australia exported more than $1...
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The US may ramp up restrictions on Chinese imports and foreign investment
The US is considering a stricter round of tariffs and sanctions on China.The move is in response to the alleged theft by China of US intellectual property.Stricter tariffs on Chinese imports and a...
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House prices in Pakistan have more than doubled since 2011
Property developers are flocking to Pakistan to take advantage of a housing shortage.Steady economic growth and a booming population have underpinned a recent surge in house prices.Pakistan property is...
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The world's oldest message in a bottle was found on a beach in Australia
The world's oldest message in a bottle has been found by a beachwalker in Western Australia.The message inside is dated 12 June 1886, making it almost 132 years old.The bottle was thrown into the ocean...
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The major currencies that are undervalued and overvalued right now, in one chart
ANZ has updated its currency valuation models.The Swiss franc is deemed to be the most overvalued currency with the Swedish krona the cheapest.If you’re a long-term currency trader, or looking to make...
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An advertising agency is paying employees £5 a day to cycle to work
An advertising agency in New Zealand is paying employees up to $NZ10 (£5.23) a day to cycle to work.The agency says it will be paid out to employees as a bonus at the end of the year."My gut instinct...
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The whole world looks to Scandinavia as the pinnacle of happiness — but...
Happiness is hard to measure — but that doesn't mean scientists don't try.The World Happiness Report ranks the countries with the happiest citizens around the world, and Scandinavian countries usually...
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Here's what key US trading partners stand to lose from Trump's tariffs -- and...
Canada, the European Union, South Korea and Mexico stand to lose the most from Trump’s steel tariffs, although Canada and Mexico may be ruled exempt.Research from the Peterson Institute for...
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Bitcoin is tanking again and just slumped through $9,000
Bitcoin is continuing to slide in Asian trade after prices fell by another 6% overnight.A short time ago, prices had slumped below $US9,000 — a fall of more than 20% from levels above $US11,500 earlier...
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Here's a picture of Amazon CEO Jeff Bezos eating an iguana
There are rare days when you’re a journalist or photographer when everything just goes to plan.This was one of those days for Emily Driscol, when, as she told us, "the stars aligned and also gave me a...
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Aston Martin created a luxurious driverless car that gives us a glimpse of...
Aston Martin is reviving the Lagonda marque with the "Vision Concept," an emissions-free luxury vehicle.The car will be able to drive 400 miles per charge and charge wirelessly.Production on the...
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The former Deutsche Bank star trader who once took home a $126 million bonus...
A former Deutsche Bank trader awaits sentencing after pleading guilty to rate-rigging.Christian Bittar was Deutsche Bank's most profitable trader for seven years.The ex-trader once earned a $126...
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I tried the menu that will be served on the world's longest direct flight —...
The world's longest non-stop flight takes off on Saturday, March 24th.The route will be taken by a Qantas 787 Dreamliner between Perth and London.We tried the menu before the flights get underway.The...
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Here's what to expect from Trump's next big trade move against China
President Donald Trump is expected to announce about $50 billion worth of tariffs on Chinese imports.According to UBS, a broad 10% tariff on Chinese exports could cause a decline of 0.3 to 0.4...
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Stocks in China are getting hosed
With China at the center of an escalating trade war that has rattled global markets, all eyes were on the Shanghai stock exchange when markets opened at 12:30pm AEDT.And perhaps not surprisingly,...
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