Word: exporting
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Tesco, the only supermarket that outsells Wal-Mart's British arm, hopes "it" works well enough to export. Earlier this year, the company announced plans to open convenience stores based on the Tesco Express format on the West Coast of the U.S. in 2007. Tesco will initially commit $460 million a year to the project, in the hope of finally getting its piece of the richest grocery market in the world...
...Skilling's Auckland-based think tank is likely to play a major role in a debate his country can't delay. One of the main drivers of the external accounts crisis is the nation's ongoing interest bill and the profits returning home to foreign investors; despite good prices, export volumes are subdued. The country's top 20 export items are pretty much as they were in 1980. Few New Zealand companies (dairy producer Fonterra is a standout) have annual overseas sales of $1 billion. Only one figures in the 2005 Forbes list of the world's top 2000 companies...
...This was the genius of India. It takes in the garbage of the diamond world, slaps 58 facets on it, sets it in gold and sends it on. These tiny specks are now the fifth most valuable export of a nation that hasn't mined diamonds from its own soil for more than a century. India's factories, processing an astonishing 92% of the world's diamonds today, have stolen the majority of business away from the old master craftsmen of New York City, Israel and Belgium...
...machines will churn out 300,000 Accent sedans and other vehicles this year, at world-class quality levels. Hyundai has been shifting production of its smallest cars to India to take advantage of low costs, thereby keeping the business profitable. One-third of its cars produced in India are exported to Germany, Peru, South Africa and elsewhere. Opened in 1998, the plant was operating long before Hyundai opened factories in China or the U.S. and the South Korean carmaker is already building a second, $1 billion facility next door. Why? "We are going to use India as an export...
...jobs at risk. It's largely for economic reasons that the premiers of New South Wales, Victoria and Queensland have vowed not to lift their states' nuclear bans. Queensland Nationals Senator Barnaby Joyce agreed: "I can't see the logic of promoting competition to my state's major export...