Category Archives: Economic

New Zealand bans most foreigners from buying homes amid rise in prices

New Zealand has banned most foreigners from buying homes as it tries to tackle runaway housing prices. The housing market had been open to investors worldwide, but the government on Wednesday passed legislation that allows only New Zealand residents to purchase homes. In recent years, there have been many anecdotal stories of wealthy foreigners from Silicon Valley…

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Tesla forms three-member panel to decide on any Musk proposal

Tesla Inc.’s board named a special committee of three directors on Tuesday to evaluate possibly taking the electric carmaker private, although it said it had yet to see a firm offer from the company’s chief executive, Elon Musk. The committee will be tasked with evaluating Musk’s proposal, should it materialize. The Silicon Valley billionaire last…

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Calgary, Vancouver and Toronto ranked in top 10 of world's most livable cities

Three Canadian cities have placed in the top 10 of a global ranking by the Economist Intelligence Unit of the world’s most livable cities, with Vienna dethroning perennial favourite Melbourne for the first spot. Calgary placed fourth, Vancouver was sixth and Toronto ranked seventh. Every year, the research and analysis arm of the London-based publisher of the Economist magazine…

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