In the News

In the News
Bank of Japan buys US dlr to stop yen rise
Wednesday, 15 September 2010
Japan's Finance Minister Yoshihiko Noda confirmed that Japan has intervened in the currency market for the first time since March 2004 to stem the yen's rise, which has spiked to a 15-year highs against the US dollar and severely battered Japan's export-led recovery, according to Xinhua news.
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Emirate folks willing to pay for imported fruits
Tuesday, 14 September 2010
At Oishii Nippon, a fruit shop that recently opened its doors in Dubai, prices tend to carry a decidedly premium tag, with a piece of melon from Japan costing nearly as much as 40 kilograms of red apples from Chile, according to GulfNews.com.
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China's half-yr e-commerce sale doubles
Tuesday, 14 September 2010
Retail sales at e-shops more than tripled between 2007 and 2009, much faster than the averaged annualised 18% growth of retail sales in general during the same period.
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US market ripe for digestive health products
Tuesday, 14 September 2010
The US represents a vast, largely untapped playground for manufacturers of prebiotic fibres and probiotics, according to Foodmanufacturer.co.uk.
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Stop cartel on freight rates in Asia - says GSF
Monday, 13 September 2010
The Global Shippers' Forum (GSF) want to outlaw rate-making cartels and have urged governments in Asia to initiate reforms which were in line with competitive global practices such as those which now existed in Europe.
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Premium ice cream defies recession in EU
Monday, 13 September 2010
A growing desire for premium and indulgent ice cream has fed high value growth in Western Europe, helping manufacturers defy the recession, according to DairyReporter.com.
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Nestle invests in new dairy project in Sri Lanka
Monday, 13 September 2010
Nestle is investing in a new chilling centre in Kilinochchi, Sri Lanka, to take advantage of peace in the north to expand the dairy industry there, according to DairyReporter.com.
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USFDA initial report says GE salmon safe to eat
Friday, 10 September 2010
The Food and Drug Administration (FDA) has said that genetically engineered (GE) salmon is safe for human consumption in documents released ahead of a public meeting on the issue due later this month, according to FoodNavigator.com.
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Maersk slash 20ft reefer service for 20 ports, NZ included
Friday, 10 September 2010
Denmark's Maersk Line has announced it will slash its reefer TEU service network, cutting more than 20 ports because of the strong market shift from TEUs to FEUs in recent years, according to the Shipping Gazette.
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Switzerland world most competitive - World Eco Forum
Friday, 10 September 2010
Switzerland tops the overall rankings in The Global Competitiveness Report 2010-2011, released on Thursday by the World Economic Forum.
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Third party application for robot creation?
Friday, 10 September 2010
Students at the University of Pennsylvania had a PR2 “reading” music and playing songs by rock bands U2 and the Beatles using drums and an electric organ.
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Norwegian device to measure shelf life of food
Thursday, 09 September 2010
A new intelligent technology that gives a running countdown of a product’s shelf life by analysing time and temperature data could replace traditional ‘use by’ dates on food labels.
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Shanghai to spend 30 bln yuan on green cars
Thursday, 09 September 2010
Shanghai will be able to produce 100,000 new energy vehicles every year, including 60,000 passenger vehicles by 2012.
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Hybrid rice scientist hopes to feed the world
Thursday, 09 September 2010
Hybrid rice in China has significantly helped increase rice output and allowed 20% of the world's population to feed itself with just 7% of world's farmland.
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Dubai's IT fair to showcase over 25,000 products
Thursday, 09 September 2010
Exhibitors at this year’s Gitex Shopper, the largest consumer IT and electronics show in the Middle East, are planning the biggest ever sales bonanza for Middle East consumers, with launches of the latest technology products and exclusive offers.
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Aussie home brand food matches premium labels
Wednesday, 08 September 2010
Supermarket "store brand" food products often match premium labels for taste and nutritional value, as well as being much cheaper, according to the Sydney Morning Herald.
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Demand in UAE interior services seen at US$14.6 bln
Wednesday, 08 September 2010
The demand for interior design services in the UAE is expected to surge with an anticipated $14.6 billion (NZD$20.23 billion) in interior design contracts and fitouts to be spent in 2010, according to TradeArabia.com.
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Korea's Jinro world top whiskey brand, Indian brands popular
Wednesday, 08 September 2010
One more Indian whisky brand from the country has made it to the list of 10 largest selling spirit brands in the world, according to Times of India. Indian whiskies, which were unaffected by the recession, have now emerged as new power brands in the global arena. The millionaire brand list is dominated by India with six whisky brands figuring in the list of world's top 10—Bagpiper, McDowell No.1, Officer's Choice, Original Choice, Royal Stag and Old Tavern.
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Rich Gulf states most connected, UAE tops list
Wednesday, 08 September 2010
The UAE is the most connected country in the Arab World, according to the Arab Advisors Group's annually released Total Country Connectivity Measure (TCCM). Saudi Arabia and Qatar were second and third respectively.
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Samsung to sell 25 mln smartphones this year
Tuesday, 07 September 2010
JK Shin, head of Samsung's Mobile Communications division, was quoted as saying at the IFA trade show in Berlin that its 2010 smartphone sales would be far higher than its original target of 18 million units, due to the popularity of its Android-based Galaxy S model.
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