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 Bank commodity strategist Luke Mathews said the economic impact was likely to be relatively contained.

Read more about the economic impact of Tropical Cyclone Yasi at

Earlier economic reports:

February 02, 2011: Egyptian unrest to hit petrol prices

January 7, 2011: For 2011, beware of debt and rising rates

September 22, 2010: Dollar surges to fresh 25-month high

May 13, 2010: Jobless rate increases to 5.3pc

More unemployment: April, 2010, March, 2010, February, 2010, December, 2009, November, 2009, October, 2009

April 6, 2010: Reserve Bank hikes its official cash rate to 4.25pc

More interest rates: March, 2010, February, 2010, November, 2009, October, 2009

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

Read more about Qantas at

September 01, 2010: Qantas ‘demoted me for being Falun Gong’

A QANTAS employee says she lost her job as an international flight attendant after being deported from China for practising Falun Gong.

Counsel for Sheridan Genrich, of Lane Cove, told a workplace relations tribunal that Qantas demoted her after she was threatened by Chinese authorities during a stopover in Beijing.

She said that authorities singled her out from the crew, interrogated her over her beliefs and told her never to come back or there would be “serious consequences”.

Read more about Sheridan Genrich at

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 franchise and not the Ed Hardy group internationally.

September 14, 2010: Ed Hardy Operations put into liquidation

August 11, 2010: Ed Hardy Operations calls in administrators

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 and kitchenware.