News

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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Chinese bank card transaction tops NZ$1.4 trillion
Bank card transactions amounted to 6.86 trillion yuan (NZ$1.4 trillion) in China last year, accounting for 32% of the country's total retail sales, according to ChinaDaily.com.
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NZ seafood companies make joint pitch to China
Five of the aquaculture companies -- including Sanford and Sealord -- on the trade mission have agreed to work together in marketing mussels within China under a single brand name.
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US affluent drive growth in store brands
Growth in private label (or store brand) is approaching 20% of dollar value in the US with this market segment being driven by affluent households, according to FoodandDrinkEurope.com.
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FedEx increases freighter orders in anticipation of cargo growth
US express delivery giant, FedEx, has increased its original four 777 freighters on order with Boeing by two, ahead of expected rising cargo volumes, according to the Shipping Gazette.
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NZ's food bowl, Bay of Plenty, shapes up, eyes Asia for growth
Head honchos from NZ’s food bowl – the Bay of Plenty – want to sell more to Asian consumers as they draw up strategies to help the food sector grow.
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Icelanders No 1 Facebook users, Arab world too adopts social media
A recent survey published by Facebakers, a site that provides information on Facebook statistics and applications, revealed that 36% of the UAE's population is registered on Facebook, making it the leader in the Middle East and North Africa (Mena) region, followed by Qatar with 29% penetration.
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Lenovo's LePhone to take on Apple's iPhone head-on in China
LePhone is customised for Chinese users and has received strong support from top domestic service and content suppliers, including Baidu Inc, Alibaba Group and Tencent Inc.
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NZ bottled water for Bangladesh
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NZ Post's international economy courier
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New kiwifruit variety, Summerfruit, to give exporters a boost
Summerfruit, an early maturing, sweeter green variety, has been picked for the first time in Kerikeri in Northland, according to NZcity.com.
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Premium wines to the world
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NZ gov sets $225 million in news funds to boost technology-based industries
The centrepiece of the funding increase is a $234-million boost in support for business research and development over four years, according to a press release from prime minister John Key's office.
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Dubai No 2 brand mecca in the world
The UAE's position as a retail hub makes it the second most attractive venue for international retailers, according GulfNews.com.
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US FDA needs more clout to inspect imported food
There are about 189,000 registered foreign sites where food is made for sale in the United States but the FDA inspected just 153 in 2008.
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