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Iron Ore Settles at $50, Keeping up with Declining Demand
Iron ore futures approached $50 a tonne Monday, the lowest it has been in three months, going down almost 10 percent in just two weeks. Reuters reported that the $50 a tonne price is a sign that losses will continue after Dalian futures slumped lower on Tuesday as Chinese steel producers cut output due to the decline in demand of iron ore.
Retailers: It's a false figure for Japanese consumer spending after price hike
It seems like Japanese retailers are saying not to believe in official statistics on consumer spending as stores cut earnings forecasts and expects a lackluster consumer spending, which is an important factor in the growth of Japan during a time of declining exports and factory output.
Deploying A$16 million of shark-detecting technology in South Wales, Australia will keep predators at bay
It seems like technology came too late for Martin Brody from the movie Jaws. The government of New South Wales, Australia spent big on advanced technology that can detect sharks to keep beachgoers safe this summer.
Hands-free technology for drivers isn't less distracting, AAA Foundation study shows
A recent study from AAA Foundation for Traffic Safety found that hands-free technologies are not less distracting on the road for drivers.