News

No clear verdict on GE salmon for US
The first genetically modified animal aimed at consumers' dinner plates faces an uncertain future following a federal advisory panel on Monday that gave a mixed assessment on whether such food - a salmon - is safe to eat, according to Emirates24/7.com.
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IATA revise airline profits up, recovery tentative
The International Air Transport Association (IATA) on Tuesday more than tripled its forecast for airline industry profits this year as demand picked up but warned earnings would ease back next year, according to the Sydney Morning Herald.
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International chamber defines new Incoterms
THE International Chamber of Commerce (ICC) has published revisions to its international commercial terms, also known as Incoterms, that will go into effect on January 1, according to the Shipping Gazette.
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China's new intermodal centre in Qindao
China Rail has opened a new intermodal centre at Jiaozhou city to enhance the container services to and from the port of Qingdao and other harbours to the eastern Province of Shangdong, according to the Shipping Gazette.
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Tea beats recession especially in Eastern Europe
The report said Eastern Europe stood out as a region for the tea market. From 2004 until 2009 tea sales grew at a CAGR of 15.1 %, taking value sales up from €1980.5 million (NZD$3563 million) to €4003.4 million. The market is expected to continue on an upward path and reach €5050.4 million by 2014...
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Christmas as battleground for tablets, mobile devices
Samsung is expected to announce shortly that it will offer its seven-inch tablet, the Galaxy Tab, to Australia’s Telstra customers on a plan at a vast reduction on the $1000 it retails at, competiting headon with Apple's iPad.
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World trade seen growing at 13.5% in 2010
The World Trade Organisation on Sept 20 raised its trade growth projection for 2010 to 13.5% based on ‘faster than expected recovery', according to GulfNews.com.
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First half of 2010 sees record $31 mln in angel investments
The first half of 2010 has seen record high levels of angel investment activity with more than $31 million invested by angel investors into young companies, according to the latest Young Company Finance Index.
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New Zealand wine, flags and olive oils for Florida
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Soap and well-being products for China
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Cathay buys 30 new Airbus planes
Cathay Pacific has concluded a purchase agreement with Airbus for the delivery of 30 new A350-900s for HK$60.8 billion (NZD$10.8 billion) with the first of the aircraft to be delivered in 2016, according to the Shipping Gazette.
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NZ lamb more sustainable than Welsh rival
Marks and Spencer director of store development Richard Gillies told a recent conference in London that different feeding regimes meant New Zealand lamb was more "sustainable" than Welsh lamb.
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US steps up agriculture push with Shenyang office
The opening of this Agricultural Trade Office on mainland China marks USDA's expansion into the dynamic hub of northeast China and reflects the Administration's National Export Initiative, which aims to double American exports in the next five years.
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New NZ pear with Asian heritage hits market
Bred by Crown Research Institute Plant & Food, the new pear - or cultivar - is known for the time being as PremP109. And it is an apple pear, a term increasingly used in the US. It is a cross between a Chinese and a Japanese pear and it is hoped it will have strong consumer appeal in global...
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UPS offers new fast US-Japan ocean freight service
UPS has started offering a new ocean freight service that promises up to 20% faster door-to-door delivery than other less-than-container-load (LCL) services on the market, according to the Shipping Gazette.
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