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April 18, 2017 11:34 PM IMF upbeat on growth, frets over trade

The global economy is gaining momentum which is a bonus for Australia as a commodity exporter. But the International Monetary Fund has again raised concerns about a growing shift towards trade protectionism and a breakdown of international economic collaboration which took root after WWII and has grown since. In its latest World Economic Outlook released 53

April 18, 2017 8:28 PM IMF forecasts modest growth in sub-Saharan Africa

Johannesburg - The International Monetary Fund on Tuesday forecast 2.6% growth in sub-Saharan Africa this year, aided by a modest recovery in large economies South Africa, Nigeria and Angola. "Growth is projected to rise to 2.6% in 2017 and 3.5% in 2018, largely driven by specific factors in the largest economies, which faced challenging macro-economic 55

April 18, 2017 6:42 PM US stocks and US$ off on geopolitical angst; sterling, gold soar

NEW YORK: Sterling jumped alongside gold, while stocks and the U.S. dollar fell on Tuesday after Britain called a snap election for June, adding to investor concerns over geopolitical instability. The British pound rallied as much as 2.7 percent against the U.S. dollar to hit its highest level since early October after British Prime Minister Theresa 67

April 18, 2017 5:14 PM Apple Might Be Preparing to Overhaul the iPhone

Apple is planning to commemorate its iPhone's 10th anniversary in grand fashion, according to a new report. The technology giant is working on three iPhone models this year, including one that will deliver an updated design and an "advanced" camera, Bloomberg is reporting citing sources. The other two models will deliver only minor design and feature 49

April 18, 2017 2:52 PM IMF outlook for Canada remains unchanged, expects GDP growth Add to ..

The International Monetary Fund expects Canada’s economy will improve compared with last year, but not as much as the Bank of Canada predicted last week following unexpectedly robust growth on several fronts. The Washington-based organization continues to estimate Canada’s gross domestic product will grow by 1.9 per cent this year, unchanged from its previous 58

April 18, 2017 1:03 PM IMF says pace of global economic growth is picking up

The world economy seems to be gaining momentum, according the chief economist of the International Monetary Fund. Writing in the IMF's new World Economic Outlook, Maurice Obstfeldt said "we could be at a turning point". The report forecasts global growth this year of 3.5%, up from 3.1% predicted in 2016. UK growth, at 2%, is stronger than any of the major 70

April 18, 2017 7:00 AM Is this the iPhone 8? Leaked images claim to show Apple's new handset

The closer we get to Apple's annual press event, the more realistic the leaks for the firm's next generation smartphone seem to become. New images claiming to be the 'iPhone 8' have surfaced, revealing a device with a full-frame screen, rounded corners and nearly no bezels. The renders have also suggested that Apple is going to hide a few components 59

April 17, 2017 6:16 PM Leak: New Case Images Confirm HTC U ‘Ocean’ Port Placements

A new set of images regarding HTC’s unannounced “Ocean” device has hit the internet. These images are of a purported case for the device and possibly give a good indication of the handset’s configuration. As well as confirming how the various sensors and ports will be arranged, the images also appear to dispel at least one prior report about features 54

April 17, 2017 2:39 PM Nasa captures first images of a 'worrying' new crack that has appeared on one of Greenland's largest glaciers

Scientists have taken the first photographs of a worrying new crack in one of Greenland's largest glaciers. The rift was spotted while researchers were examining satellite data from the Petermann glacier. The crack is raising concerns that part of the floating ice shelf could break off into the ocean. The images were captures by scientists with the NASA field 36

April 17, 2017 12:17 PM FBI: Suspect in Cleveland Facebook killing 'could be a lot of places'

Cleveland police and the FBI are hunting for a shooter who killed an elderly man in broad daylight and put the video on Facebook. "I found somebody I'm about to kill," the man said in the video, as he pulled his Ford Fusion to the side of a road in east Cleveland about 2 p.m. Sunday. "I'm about to kill this guy right here. He's an old dude," the man said as he confronted 47