Saudi Arabia plans to build schools, hospitals, housing and other infrastructure projects as part of a five-year plan budgeted at USD$385 billion (NZD$545 billion), according to a GulfNews.com report.
Japan lost its place as the world's No 2 economy to China in the second quarter as receding global growth sapped momentum and stunted a shaky recovery, according to an AP report carried by GulfNews.com.
NASA, which pioneered America’s space programme, is to set up shop in the Kapiti Coast town of Otaki, lured to a new technology park targeting green and renewable energy sources, according to New Zealand Trade and Enterprise’s (NZTE) website.
Cathay Pacific has entered into a letter of intent with the Airbus Company to buy 30 Airbus A350-900 aircraft. The airline has also expressed its intention to exercise existing purchase rights in respect of six Boeing 777-300ER aircraft, according to a Transport Weekly.com report.
After more than a decade entering China, Nike has promoted China as its biggest market outside of the United States and is seeking to expand its product to lower-tier cities throughout the country, according to ChinaDaily.com.
The Gulf countries currently import up to 90% of their food products to meet the rising demand with the UAE expenditure alone reaching up to $6.78 billion (NZD$9.53 billion) in 2009, according to TradeArabia.com.
A UK consumer study has uncovered serious misunderstandings about what ‘organic’ food is, with one in four people admitting confusion and one in five believing organic food is lower in fat, according to FoodNavigator.com.
In the search for new market outlets for Corowise plant sterols, Cargill presented a dark chocolate shot at the Institute of Food Technologists (IFT) Food Expo in Chicago, according to BeverageDaily.com.
