In the News

European Commission investigates price fixing among shipping lines
Christian Kledal, head of legal affairs at A.P. Moller-Maersk, said that at least 16 officials from the commission were at its headquarters in Copenhagen and that they would remain there for a few more days with the company’s full assistance. Inspectors were checking computers and collecting any documents they deemed relevant, including minutes from meetings, he added.
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China slaps anti-dumping duty on EU potato starch
An initial ruling by China's Ministry of Commerce this week found that European Union (EU) members have subsidised potato starch exports to China, hurting the interests of China's domestic industries, according to a Xinhua news report.
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Fonterra and its farm stakeholders on track for record output
Fonterra and its farmer shareholders are on track to report record production for the 2010/2011 season following some of the best autumn weather conditions in recent years, according to FoodWorks.co.nz.
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Australia, NZ have new permissible level for steviol glycosides
Australia and New Zealand’s food standards body has approved an application for higher maximum permitted levels of steviol glycosides in ice cream and several beverage categories, which will enable a more acceptable taste profile in finished products, according to FoodNavigator.com.
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NZ's YikeBike gets model upgrade
The Christchurch company that developed the electric folding YikeBike has just launched a new Fusion model – a slightly heavier version of the original carbon fibre bike but a bit lighter on the pocket.
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EU slaps anti-dumping duty on China's coated paper
China is opposing the European Union's decision to impose its first-ever anti-subsidy and anti-dumping duties on imports from China, according to Xinhua.
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Plastic to take over as packaging for longer shelf life?
The packaging product by Netstal consists of a barrier foil which is positioned between the injected layers of plastic. This allows the product to preserve food over long periods of time, with a shelf-life that is comparable to metal tins, claims the machinery supplier.
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Google to sell laptops based on Chrome web browser
The first laptops running on a Google-designed software system will go on sale in the US and six other countries next month, according to a report in GulfNews.com.
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Volkswagen to make electric cars with Chinese partner
German carmaker Volkswagen is to launch electric cars in China under a new Kaili brand together with FAW Group, joining other foreign players in the race to develop the fledgling sector in China, according to Foxbusiness.com.
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China's solar energy market set to boom
China's solar energy industry is ready to boom in the next 10 years with the nation expected to become a major photovoltaic-module consumer after being the biggest exporter, according to ChinaDaily.com.
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Qantas to pay $6.5 mln for price fixing
The New Zealand High Court has ordered Qantas Airways Ltd to pay a $6.5 million penalty for breaches of the Commerce Act, the highest penalty to date in New Zealand for price fixing.
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The $14 bln-peril caused by food bugs in USA
Campylobacter, salmonella and Listeria are among a handful of foodborne bugs that cost the US billions of dollars a year and blight the quality of life for million of victims, according to FoodProductionDaily.com.
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China officials to study food safety from West
Leading food manufacturers, academics and the US government will be working with a top level Chinese delegation over the next few weeks as part in an international effort to promote global food safety, according to FoodProductionDaily.com.
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US sports, energry drinks sector growth seen flat
Sports and energy drinks sales could flatline in the US over the next 12 months, according, BeverageDaily.com citing a new survey by AlixPartners.
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NZ-India FTA could be done deal within 8-10 months
India and New Zealand are hoping to ramp up bilateral trade of $1 billion dollars to $3 billion by 2014 when the two countries conclude a Free Trade Agreement (FTA).
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India's tech-related exports exceeds USD$64 bln
India's tech-related exports could have recorded a 14.54% surge to USD$64.67 billion for the 12 months ended March 31, according toGulfNews.com, citing the country's Electronics and Computer Software Export Promotion Council (ESC). An additional 15-20% growth is expected in the present financial year.
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China the new green technology emperor
Denmark earns the biggest share of its national revenue from producing windmills and other clean technologies, the United States is rapidly expanding its clean-tech sector, but no country can match China's pace of growth, according to GulfNews.com, citing a report by the Associated Press.
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Emirates drops all fuel surchage on tickets in UAE
Airlines in the UAE are slashing their ticket prices as residents get ready for the summer holidays, according to GulfNews.com
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Martinborough vintners' courtship with Asian bloggers
A who’s who of Asia and Australia’s wine writing cyber world is helping to fuel the sales of Martinborough’s vintage following a two day wine and culinary experience in the boutique Wairarapa wine village.
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