In the News

Sale of luxury goods rose 30% in China in 2009
Despite the financial crisis in 2009, the Chinese appetite for luxury goods remains high. While luxury goods sales in Europe, Japan and the United States declined, sales in China rose more than 30%.
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Young shoppers in UK go for price and value
British consumers are now price-led and value driven, shopping around to get the best deals, according to the New Zealand Trade and Enterprise's (NZTE) website.
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Google to put web content on television
Google is introducing a software that puts web content on television to persuade more consumers to use the internet in their living rooms and view advertisements that generate revenue, according to GulfNews.com. The new tool, Google TV, will work with Intel chips in products by Sony and Logitech International.
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Emirates to allow mobile flight bookings
Designed to work with over 3000 mobile devices, Mobile Emirates.com has been optimised to ensure that customers on the move can easily and efficiently access the emirates.com website, through their mobile phones.
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Dubai's exports up 13% in April
Exports by 4,645 Dubai companies grew 13% in April to BHD16.8 billion (NZ$65.26 billion), compared to exports in April 2009, according GulfNews.com.
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Maersk wants exporters in NZ to pay fee to guarantee space
Maersk New Zealand is introducing a new system guaranteeing export space on vessels but for an unspecified fee, according to a report by Stuff.co.nz.
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NZ organic food exports at $170 million
The New Zealand Organic Report - commissioned by OANZ and prepared by the University of Otago - shows the total value of New Zealand's domestic market for organic products has increased to $315 million, with an additional $170 million contributed by organic exports
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NZ government creates new regional help network for SMEs
New Zealand Trade and Enterprise (NZTE) and the Foundation for Research Science and Technology are creating a nationwide network of ‘regional partners’ to help small businesses access information, funding, training and development services.
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NZ to raise GST to 15%, cuts corporate tax to 28%
From October 1 2010, personal and corporate taxes will be cut, NZ Superannuation, Working for Families and benefit payments will all increase, Finance Minister Bill English announced in the Budget.
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Singapore world most competitive, NZ slips to 20th
New Zealand’s world competitive ranking slipped five places to 20th, while Singapore, Hong Kong and the US took the top three places respectively.
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EU dairy sector to focus on cheese for growth
Dairy processors in the EU are turning to cheese in an effort to put the market turbulence of a year ago behind them, according to DairyReporter.com. A recovery in global demand, a weaker Euro, and better margins are expected to conspire to prompt an increase in cheese production this year.
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French National Assembly moves to ban BPA bottles for babies
The French National Assembly has approved a proposal to ban manufacturing, importing and exporting and selling of baby bottles made of BPA-based products, according to FoodProductionDaily.com.
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Initial research finds plastic packaging unsuitable for wine
New research from the Institute of Vine and Wine Sciences (ISVV) suggests white wines stored in plastic packaging remain fresh for only six months, according to FoodProductionDaily.com.
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Dun & Bradstreet downgraded 9,000 Kiwi firms in Q1
Close to 9,000 New Zealand firms had their rating downgraded in the first three months of 2010 while 10,500 firms received a rating upgrade, according to research released today by credit reporting agency Dun & Bradstreet.
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China may allow international yuan settlement at more provinces
China plans to expand settlements of international trade using the Chinese yuan to as many as 18 more provinces and cities to meet rising demand from companies, according to a Bloomberg report.
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US targets Asia as market for its green technologies
US Commerce Secretary Gary Locke leads an Asian mission for senior executives from 24 American companies to showcase the best of America's energy, energy efficiency, electricity energy storage, transmission and distribution technologies, according to a UPI report.
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Emirates offers passengers online visa application tool
Emirates passengers may apply online for 96-hour and 30-day entry visas to Dubai through its website, a move analysts say will give UAE tourism a significant boost, according to Gulf News.com.
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Move over Nestle, Danone dominates food sector in Europe
Dairy giant Danone comes out top of the list for category dominance in the European food sector, followed by Unilever and Nestle, according to NutraIngredients.com.
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Irish food industry urged to follow Silicon Valley's competitve cooperation
The Irish Food Board (Board Bia) is urging Irish food manufacturers to take risks and experiment in product development by utilising the kind of “regional centres of competition” that helped make Silicon Valley in California the nexus of global software development.
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Swiss watchmaker Fortis launches automatic wrist watch with Arabic numerals
Swiss watchmaker Fortis hopes to fill a gap consumers didn't know existed by launching an automatic wristwatch featuring Arabic-language numerals, according to Business Emirates 24/7.
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