News

Nestle acquires Jenny Craig NZ/Australia
The chocolatier and multinational food company said it would acquire, at an undisclosed price, all shares of the group that controls the Jenny Craig franchise in Australia and New Zealand.
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iphone App for Korean lonely hearts by Nabix
Launched on November 30 by Nabix, a South Korean developer, the iPhone application "Honey, it's me!" is warming lonely hearts with the voice of "Mina", a 20-something virtual woman.
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Qatar's construction boom ahead of Fifa world cup
The government plans to spend close to USD$20 billion on new roads and transport infrastructure over the next five years, and a $36 billion metro system is in the pipeline over the longer term. Qatar is also building an $11 billion airport and a $5.5 billion deepwater seaport, according to Standard...
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China to sell solar-powered air conditioners to US
The air conditioner, independently developed by Gree, mainly uses solar power, using normal electricity only when solar power is inadequate, said Huang Hui, chief engineer of Gree Electric Appliances.
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NZ govt awards $92 mln in R&D funds
Announcing grants to 26 companies nation-wide in Christchurch this week, Research, Science and Technology Minister Wayne Mapp said that lifting high-tech export business is critical to New Zealand’s future.
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WTO upholds US import duties on Chinese tyres
A panel at the Geneva-based trade group on Monday said it agreed that the US was justified in slapping a 35% tax on Chinese tyres under WTO provisions that let countries protect local industries and workers from sharp increases in Chinese imports.
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NZ wineries' growing debt problems
The fall in vineyard values had increased banks' "anxiety" about land as security. A large number of companies were on the market, particularly in central Otago and Marlborough, and quite a few were forced sales.
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Fonterra increases its forecast milk price to $6.90/kg
Fonterra Chairman Sir Henry van der Heyden said the board’s decision to raise the forecast milk price reflected the continuation of high international dairy prices further into the 2010/11 season.
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NZ lamb gets boost at German food fair
According to Beef + Lamb New Zealand, some 6,000 visitors at the kulinart fair got a taste of the best of Kiwi lamb.
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Oct on-yr international freight grew 12%
The two largest international air freight markets, Asia Pacific and Europe, registered year on year increases in October of 12.4 and 15.8%, respectively.
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Australia's love affair with Facebook
Paul Borrud, Facebook's regional vice-president of Australia and New Zealand, said the take-up of Facebook on mobile phones and devices was one reason for the growth, which he said was showing no sign of slowing.
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China turns to protect its own brand
According to the State Administration for Industry and Commerce (SAIC), China will have the seventh highest number of registrations with the Madrid System once it files 200 more applications.
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Real estate in China's major cities overvalued
Of the 35 major cities surveyed, property prices in eleven including Beijing and Shanghai were between 30 and 50% above their market value, ChinaDaily said, citing the Chinese Academy of Social Sciences.
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Herpes virus kills NZ oysters
Owner Rick York of the Ohiwa Oyster Farm said his farm was struck on November 19/20 and hit about a fair amount of stock for next year.
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A smaller bottle for Heineken?
The new Heineken beer bottles will be launched first in Western Europe early next year and across the rest of the world in 2011. They will come in 5 rather than 15 sizes as had previously been the case.
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