TROPICAL Cyclone Yasi has caused widespread damage and personal loss to Far North Queensland but the overall economic impact for the year is expected to be limited, experts say. While the insurance industry says it is still too early to have an accurate picture of full impact of Yasi, Commonwealth…
Interactive economic charts
I’ve been working on a series of interactive economic charts for the business section of news.com.au. Here is a screen shot of the interactive dollar chart. You can zoom in and out and highlight key events. We also have interactive charts for the unemployment rate, interest rates, inflation and GDP.
Qantas loses fight with Falun Gong flight attendant
QANTAS has been ordered to reinstate a flight attendant banned from international duties over her practise of Falun Gong. Sheridan Genrich, from Sydney’s Lane Cove, was demoted to a short-haul attendant after she was threatened by authorities during a 2008 stopover in Beijing and deported because of her spiritual beliefs…
Cult fashion label Ed Hardy collapsed owing $15 million
CELEBRITY cult fashion label Ed Hardy collapsed owing creditors more than $15 million, including about $500,000 owed to employees, liquidators said. A second creditors meeting voted to wind up Ed Hardy Operations on Monday after Deloitte was appointed voluntary administrators last month. The move only relates to Ed Hardy’s Australian…
The IKEA ‘honey pot’ effect
IKEA stores have a “honey pot” effect on surrounding retailers, driving up sales with the furniture chain’s ability to draw large crowds of shoppers from long distances, a retail analyst says. Deutsche Bank’s Alexi Baker-McLennan says retailers which benefit most are those with complementary home-focused offerings like appliances, storage, Manchester…