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May 22, 2012

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Second time around lucky for Nyne

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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Rehab pro scoops engineering prize

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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Wineries storm US in group export push

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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Kiwi consultancy champions ethical investment abroad

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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Corporates vote to form new sustainability organisation

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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New Zealand exports will suffer Europe effects – NZIER

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 up after Chorus split

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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Fractured thinking on fracking

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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