Economy

14 Crazy Things You Didn’t Know About Dubai

WRITTEN BY EDITOR KALAHAN DENG The desert playground of Dubai is a bit of an enigma. It’s part of the Muslim world, yet has a nightlife that rivals Sin City. It’s dripping with money, yet is built by impoverished slave labor. Middle-east and western values collide in this eclectic city of extremes. Many foreigners who visit are impressed by its ...

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Women start out as ambitious as men but it erodes over time, says researcher

Prof Michelle Ryan, who is in Australia to deliver a lecture, says women become wearied by fighting against the barriers they face and their ambition drops Many women are just as ambitious as men when they begin their careers, but become so wearied by fighting against multiple structural and experiential barriers to their success that this ambition often wanes. This ...

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Bellamy’s apologised the shortage of infant formula due to overseas markets

Bellamy’s Australia has now apologised to its customers, many of whom have been unable to find cans of formula in their local supermarket. The Tasmania-based company, which makes Australia’s only certified organic infant formula, blamed “unprecedented demand” for its products last month. Following angry comments from customers, Bellamy’s said on its Facebook page that “purchases of products solely for the ...

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10 Foods That Destroy Cancer and Help You Live Longer

WRITTEN BY KALAHAN DENG 1.Turmeric We are blessed with an immune system that comes with many specific proteins, enzymes and coding that can be called upon to destroy cancer cells. We are very fortunate that so far we have found no cancer cell that can stand against the might of the human immune system. The big difference between cancers that ...

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New laws will ban unfair credit card surcharges

Australian Prime Minister Malcolm Turnbull has announced plans of new laws by mid-2016 which will ban merchants from imposing unfair credit card surcharges. The plan is response to the financial system inquiry made by former Commonwealth Bank boss David Murray, which recommends a new three system of surcharging, with a total ban on surcharges for debit cards and a cap on levies for using Visa and MasterCard. Under the ...

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Australian market has shed nearly 3 per cent of its value after big falls on Wall Street on Friday

Local stocks declined sharply from the start of trade with energy companies, miners and banks leading the falls. At 12:30pm (AEST), the All Ordinaries Index had lost 2.5 per cent or 128 points to 5,065. The ASX 200 Index fell 2.6 per cent or 137 points to 5,034. There was red across the board. Big miner BHP Billiton fell 3.3 ...

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“Supergiant” natural gas field has been discovered in Egypt’s coast

The Italian energy company Eni SpA announced on Sunday that it has discovered a “supergiant” natural gas field off Egypt’s coast. The field was 1,450m (4,757 feet) beneath the surface and covered 100 sq km (39 sq miles) according to Eni. It could hold possibly 30 trillion cubic feet of gas, or 5.5 billion barrels of oil equivalent, the company said. It is ...

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Australian sharemarket is diving amid a global sell-off sparked by fears of deflation

The Australian sharemarket is diving amid a global sell-off sparked by fears of deflation and standstill economic growth, with a plunge on the Chinese markets pushing the local index to a two-year low at noon. Stocks on the local exchange fell sharply at the open, with the benchmark index quickly moving to its lowest point since December 2013 in early ...

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U.S. star Jennifer Aniston to be new face of Emirates Airlines

U.S. star Jennifer Aniston is to appear in adverts by Dubai-based mega-carrier Emirates, the airline said on Sunday, in a deal that will see the actress rake in a reported $5 million. “We are working with Ms Jennifer Aniston on a global digital and television campaign,” a senior Emirates official told local daily Gulf News on Sunday. Earlier, the New ...

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France and Germany urged Greek to make credible proposals

France and Germany urged Greek government to make credible proposals at a eurozone summit. French president Francois Hollande said “The door is open for discussion,”. Francois Hollande and German chancellor Angela Merkel had taken note of the message that sent by Greek political parties about their desire for staying in the eurozone. He said “It’s up to Greek government to ...

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