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May 22, 2012
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The designers behind Kiwi fashion label Nyne have
been bestowed with the DHL Express Fashion Export Scholarship for 2011,
after making an unsuccessful bid last year. Jacob Scott-Simmonds, Miranda Scott-Simmonds and Tina Patrick are now
set to make a splash abroad with a prize of international freight to
the
value of NZ$10,000.
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IRL research engineer Marcus King has been named
the 2011 New Zealand Engineering Excellence Awards Engineering Innovator
of the Year for his work in developing rehabilitation technologies. Other winners on the night were Endace founder Dr Ian Graham, endowed with the Entrepreneur of the Year prize, and Young Engineer of the Year Camilla Gibbons.
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Nine months after its inception, a joint venture
between five New Zealand wineries has established its own US importing
business and secured distribution into 14 states from New York to
California. While collaborative exporting is touted as essential
to New Zealand’s international trading success, Pacific Prime Wines says
it’s the only business of its type in the billion-dollar Kiwi wine
sector, and according to NZTE, a unique model in the F&B export industry.
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The issue of foreign ownership is a thorny one in
almost any country, and it’s no different on the Papua New Guinea island
of Bougainville. But
after years of conflict that have more or less wiped out all economic
activity in the region, smart and ethical overseas investment must play a
vital part in its future, according to Wellington-based trade
advisory firm Tuia International, which is working with the
Autonomous Bougainville Government to
develop a strategy for sustainable economic growth.
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Members of the New Zealand Business Council for
Sustainable Development have voted to form a new Sustainable Business
Council (SBC) in association with BusinessNZ. BusinessNZ’s Sustainable Business Forum will merge with the new body, which is set to begin operation on January 1 with more than 49 member
companies, including some of the country’s largest, like Fonterra.
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The fall-out from the European sovereign debt mess is set to depress export
growth, the NZIER says. In its latest quarterly prediction, the organisation said uncertainty
around the global outlook would weigh on exports and tourism, which
have been a buffer, and on business and consumer confidence and thus
spending. “New Zealand’s fledgling recovery will be severely hampered by the
rapidly worsening global economy”, principal economist Shamubeel Eaqub said.
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Telecom shares have risen 2 percent to $2.03 following the completion of its demerger from Chorus. Chorus
yesterday announced it had secured a $1.35 billion syndicated
bank facility, which
chief financial officer Andrew Carroll said would allow the company to
get on building its fibre network with greater funding certainty.
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What the frack? Fracking – extracting natural gas by pumping
water, sand and chemicals into cracks in rock – sounds worryingly like a
junkie slurping up the last dirty dregs into the syringe, Andy Kenworthy reckons. So why are we doing it?
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