According to the latest data available, the GlobalDairyTrade price index recorded a decline of 1.4 per cent during the previous night's auction, adding pressure on one of the key industries in New Zealand.

McDonald's has tried many new ways to gain back its customers. This time its Gilroy garlic fries.

Concerns regarding the health of global economic growth and low commodity prices are reason behind the set back in the Australian stock market. On Wednesday, it opened significantly lower after an unenthusiastic guidance from Wall Street.

The S&P ASX 200 index opened 1.1 percent down at 5,298.1 points. The benchmark lost 60.60 points or 1.13 percent in the late-morning trading.

Even on Tuesday, the north country Verizon workers continued to picket in order to attract attention to their mainly related to issues of reduced membership and job security. Almost 36,000 workers have joined the strike.

Gene Cota, Verizon employee for eighteen years said, "They want to close down call centers, close certain buildings, shuffle people around."

Australian entrepreneur Craig Steven Wright has announced on Monday that he created the popular bitcoin, which is world first somewhat accepted digital currency.

Officials have said that the recent diesel spill at Devonport Naval Base in Auckland is much smaller than 30,000 litres suspected by some.

The authorities had called Fire Service, Auckland Council staff and Navy personnel to investigate the oil spill and they said that the diesel spilled is believed to be less than 100 litres of diesel and not 30,000 litres as expected earlier. The emergency officials were called to the site this morning for investigating the spill.