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A prescription for growing pains
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NZ court fines Cargolux and British Airways for price fixing
The High Court in Auckland on Tuesday imposed penalties against two international airlines charged for price fixing.
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Dutch scientists' technology to detect "fake" food
A Dutch university has developed an analysis to detect fraud or other irregularities in products such as meat and cheese, and is looking to partner with the industry and governments to develop further food tests, according to FoodProductionDaily.com.
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Old world wine producers take lion's share of global market
The Old World wine producing countries had a much better 2010 in overseas markets than many of their rivals in the New World, according to BeverageDaily.com.
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Singapore's APL to scan exports out of Japan
APL, the container shipping arm of Singapore's shipping and logistics group Neptune Orient Lines, has announced it will scan export containers for nuclear radiation at its terminal at Yokohama, according to the Shipping Gazette.
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Saudi to turn to renewable and nuclear energy
Saudi Arabia, which holds one-fifth of global oil reserves, aims to pursue renewable energy and nuclear power to help reduce by half the crude and natural gas it burns now to generate electricity, according to GulfNews.com.
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Japan quake affects China's electronic market
China's electronics market has been severely affected by the aftermath of the earthquake and tsunami that hit Japan on Friday, according to China Daily.
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Surging oil price seen choking global recovery
HSBC economist Simon Williams told Gulf News that employment continues to be weak in the United States and in Europe while rising commodity prices erode disposable income and that's a real threat to a recovery that looks fragile in most of the western world.
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India to be key driver of world gold demand
According to GulfNews.com, consistent with what has been seen in the last decade, Indian demand for gold will be driven by savings and real income levels and not by price.
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UK scientists invent fake alcohol detector
Originally developed to detect counterfeit medicines, the technology is now being adapted to meet the needs of alcoholic drink makers.
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Nestle opens hypoallergenic baby formula plant in Germany
The new factory is an extension of the 106-year old Biessenhofen factory, where Nestle has produced hypoallergenic infant formulas since 1987 – as well as infant cereals and other foods, and some adult healthcare products.
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NZ veggies may get boost from Japan radiation concerns
The Fukushima plant, hit by the March 11 earthquake and tsunami, has contaminated soil, seawater and drinking water as it leaks radiation, prompting local and overseas consumers to seek safer food supplies. Governments worldwide have also curbed imports of Japanese foodstuffs.
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US finds Chinese dumping aluminium products
A department investigation concluded that the products, used in construction, vehicle parts, furniture and other goods, were being exported to the United States at roughly 33% less than their fair value.
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Canton Fair to use Israeli digital trade fair tool
Exhibitors are given a special tag which they can attach to their product. A web portal is also created whereby the exhibitors must upload information in advance. Potential buyers get given their badges which they can scan information about the products they are interested in.
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China to make yuan more international
According to the central bank's latest report on the international financial market in 2010, banks made more than 500 billion yuan of cross-border RMB trade settlement in 2010, accounting for 2% of China's total foreign trade value that year and about 48 times the amount in 2009.
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