In the News

Russia to build Vietnams's first nuclear power plant
Russia has agreed to build Vietnam's first nuclear power plant in a ceremony in Hanoi presided over by Russian President Dmitry Medvedev, according to GulfNews.com.
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China offers social insurance to foreign workers
Chinese law makers last week adopted legislation that would give foreign employees the same social insurance benefits as Chinese nationals, according to ChinaDaily.com.
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More turbulence hitting air freight demand?
The International Air Transport Association (IATA) has announced that global air cargo traffic rose by 14.8% in September, down from 19% growth the previous month, translating into a month-to-month decline of 2.1% when adjusted for seasonal factors, according to the Shipping Gazette.
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NZTE opens office in Qingdao, China
New Zealand Trade and Enterprise (NZTE) has opened its fifth office in China in Qingdao, Shandong Province.
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Sugar price seen reaching 30-year high
The leading traders of physical raw sugar claim that the commodity is likely to surge to a 30-year high in the coming months, with all eyes on the pending Indian sugar crop output which is hoped will ease supply pressures, according to FoodNavigator.com.
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Food companies told to shift away from BPA
Food and beverage companies are increasingly ditching bisphenol A (BPA) from food can linings in response to growing consumer concern over the chemical, according to FoodProductionDaily.com, citing a study on safer packaging.
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Cargill set to market new low-calorie chocolate
Cargill’s sweetener experts are set to introduce a lower-calorie chocolate made with patented sweeters at the end of 2011, according to ConfectioneryNews.com.
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UK dairy industry wants tougher origin labels
Representatives of the UK dairy industry have called on politicians to take tougher legislative action to stamp out misleading origin labelling, according to FoodProduction Daily.com.
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New ship delivery to rise to 1.42 mln TEU by Jan 2011
Deliveries of new containerships have hit 1.29 million TEU this year and will rise to 1.42 million TEU by January despite slackening demand on major trade lanes, according to the Shipping Gazette, citing the Paris-based consultancy Alphaliner.
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German company makes milk that helps people sleep
A German company has patented its process for ‘nocturnal milk’ which it claims contains 100 times more melatonin, a hormone that helps to regulate sleep, than normal milk, according to Dairyreporter.com.
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UK beer sales drop post World Cup
UK consumers have lost their taste for beer in the third quarter as supermarket sales slump more than 10%, according to BeverageDaily.com.
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NZ milk production seen at record high in 2011
Milk production in New Zealand will rebound by 10% next year to a record high, feeding a recovery in exports – assuming the world's top exporter gets a break from the poor weather which has for two years sent output lower, according to AgriMoney.com.
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China in need of more nursing homes
Beijing had approximately 90,000 people waiting for a place in a nursing home, at the end of 2009, but there were only 30,000 beds available, according to official statistics.
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IRL NZ's programme to meet research gap
Under the scheme qualifying companies will get the opportunity to develop their ideas into prototypes and proofs of concept at a heavily discounted rate.
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China headed for trade conflict with US?
Nobel Prize-winning economist Paul Krugman said China is headed for a “trade conflict” with the US and other western countries as tensions rise about how to rebalance the global economy, according to a Bloomberg report.
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US EXIM Bank loans out US$24.5 bln to support exports
THE US Export-Import Bank has authorised a record US$24.5 (NZD$ 32.65 billion) in export financing in fiscal year 2010, supporting $34.4 billion worth of exports, according to the Shipping Gazette, citing a report by American Shipper.
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EC has temporary ban on cloned animals for food
The European Commission has proposed a temporary ban on animal cloning for food production in the European Union, at a meeting of the European Commission, Council and Parliament held in Strasbourg this week, according to FoodProductionDaily.com.
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Low R&D, high costs stymies EU food sector growth
Low levels of R&D, high input costs and uneven relations with retailers are amongst the reasons emerging economies are outpacing growth of the EU food and drink sector, according to AP-FoodTechnology.com.
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Geneva company's new food coating technology
According to Bakeryandsnacks.com, the crispy snack technology by Crisp Sensation Holdings not only produces crispy snacks but has a significantly reduced fat content, about 70% less fat.
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Blackberry seen losing market share in NZ
Telecommunications analysis company IDC forecasts Apple iPhones and Google Android-based phones will each account for 17% of total smartphone shipments into New Zealand by the end of the year, with Blackberry's share seen sitting at 12%, according to Stuff.co.nz.
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