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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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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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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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Maersk cuts Hong Kong calls for Nansha, China
"Nansha is able to offer competitive terminal handling costs on top of high service levels," said Maersk's south China chief Soren Karas, adding that trucking an FEU to the Shekou, Chiwan or Yantian terminals on the eastern side of the Pearl in Shenzhen would be US$160 higher from Zhongshan than if the cargo went to Nansha.
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New NZ wool dyeing process goes commercial
Apparel company BGI Developments has picked up the technology and is talking to a number of New Zealand-based clothing exporters about using it.
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Wrigley US lets consumers design package
The website MyExtraGum.com was launched, said the company, to allow consumers to choose from a range of templates, themes, patterns, colours and fonts for a packet of Wrigley Extra gum.
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Power of packaging is still in the looks
In terms of marketing, the paper said differentiation is key to ensuring the brand stands out. Brand differentiation means the packaging allows the product to outshine its rivals to make “a brand more valuable than the competition in the eyes of the target consumer”.
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NZ honey company eyes ten-fold export growth
Speakers from natural health science company Manuka Health New Zealand Ltd said the company's development had the potential to be “a 10-times multiplier” in what could be earned from each kilogram of Manuka honey.
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Consumers need education on BPA replacement
The report, quoting North American Metal Packaging Alliance’s (NAMPA) chairman Dr John Rost, said the only way to ensure public confidence in new materials was through the lengthy route of testing and research followed by regulatory approval. He urged that any legislative deadlines must take this into account.
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Gulf countries have US$106 bln-railway projects
Saudi Arabia leads the way with a total of 23 projects valued at $25.6 billion, including the $6 billion Makkah-Madinah Railway Link which is currently under tender for construction.
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Toyota’s car output to be cut after earthquake
Toyota closed 12 plants, a spokeswoman said. Its profit will be cut by ¥6 billion ($AUD73 million or NZD$99.6 million) for each day of lost operations. Nissan and Honda could each lose ¥2 billion a day after closing plants, Goldman Sachs estimates. Sony and Toshiba have also shut plants.
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NZ exports may be affected by Japan quake
Don Everitt, marketing manager for New Zealand King Salmon, told Radio New Zealand that the company was still taking orders from Japan, where it exports around 800 tonnes of salmon a year, but expected disruption.
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Air NZ to raise fares for all flights
Domestic and long-haul fares will go up about 7% and tickets to Australia and the Pacific will cost about 8% more to "recover jet fuel cost". The increase will see one-way "flexiplus" fares from Auckland to Christchurch go up from $256 to $274, and "works deluxe" fares from Auckland to Sydney from $380 to $410.
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NZ software helps solve "What should I major in" issue
In what the company says is “the first and only software of its kind in the world” No Major Drama (www.nomajordrama.com) (NMD) offers an internet-based tool that enables users to create personalised rankings of majors available for Bachelor (under-graduate) degrees in the US and Canada. Each user’s ranking of majors is based on their own personal selection criteria, related to their skills and interest and their own personal weights on the criteria.
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Kenya to launch new medicinal tea variety
Kenya launched two new tea clones last year that are tougher in drought. The research foundation said the two, TRFK 371/3 and TRFK 430/90, yield about 50% more and enhance profitability on better quality.
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Chile's Unifruitti aims to triple cherry exports
According to general manager Juan José Villasante, Unifrutti will invest US$12 million to boost production capacity and modernize four of its eight production centers in Teno, Linderos, Requínoa and Copiapó.
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IATA lowers industry profit forecast
IATA raised its average oil price forecast to $96 per barrel, up from $84 in December, factoring in the impact of fuel hedging which is roughly 50% of expected consumption.
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China's clean energy ambition
The country also plans to build hydropower stations along major rivers such as the Jinsha River, Yalong River and Dadu River with an installed capacity of 120 million kw.
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China targets higher urban and rural income
The Chinese government also plans to create an extra 45 million urban jobs over the next five years, the report added.
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