Sixty percent of trading firms in China plan to target emerging markets like India and Vietnam for business in the next five years, according to the Economic Times of India.
China will overtake the US as the world's largest trading nation by 2016, as intra-Asian commerce and rising demand from emerging markets boost shipments, according to a Gulf News report.
China is expected to overtake the United States to become the world's largest diamond-consuming country in 2016, according to Xinhua News, quoting Ari Epstein, chief executive officer of Antwerp World Diamond Center (AWDC).
United Arab Emirate's (UAE) Ministry of Economy, in cooperation with other concerned departments, will start taking off the shelves cans of Coca-Cola and Pepsi that are sold at retail outlets for Dh1.50, according to Gulf News.
A Christchurch testing laboratory has partnered with an American firm to provide hi-tech wine testing services in a bid to snare the Kiwi wine industry, according to Stuff.co.nz.
Fonterra, the largest dairy exporter in the world, is keen to cater to the growing demand in Asia for its range of organic dairy products, according to FoodWorks.co.nz.
They may be rivals on the ground and in the air, but when it comes to knowing a good wine it seems some of the world’s best airlines are in agreement on which wine to serve their passengers, according to Foodworks.co.nz.
Iran has stopped oil exports to British and French companies, months before the European Union's embargo on Iran's oil takes effect, Iran's oil ministry said Sunday, according to Xinhua News.
Australian airline Qantas will also be axing around 500 jobs after a review of its maintenance and catering businesses, early retirement of aircraft and the abandonment of two major international routes.
China's reliance on foreign trade dropped to 50.1 percent in 2011, indicating that the economy is transferring to a more inner-led growth mode, according to a ChinaDaily report.
Ireland is expected to sign a number of "door-opening" agreements with China's leader-in-waiting Xi Jinping this weekend to boost trade between the two countries, according to Belfast Telegraph.
The First International Conference on Halal Food in Riyadh concluded this week with a key message for non-Muslim countries exporting food to Islamic countries to strictly adhere to Islamic regulations with regard to ensuring products are halal.
The International Container Lines Committee, which represents New Zealand’s shipping container sector, is concerned about the prospect of further strike action at Ports of Auckland, according to Scoop.co.nz
UK inflation slowed to the lowest in 14 months in January as the impact of a sales-tax increase a year earlier faded and consumer demand weakened, according to GulfNews citing Bloomberg.
