Houman Nikmanesh wanted a personal propulsion device to move himself or a small watercraft through the water. Along with his team at Bixpy he has developed the Bixpy Jet, a modular and portable water-jet propulsion system. The Bixpy Jet is currently running a Kickstarter campaign to fund their first five hundred production units. The jet can be attached to a kayak or paddleboard to make their watercraft motorized, or an attachment will allow swimmers to be propelled through the water. The page says that an average adult can swim at a speed of 2.2 miles per hour with the jet,…

Expectations that the global glut of oil production would start drying up later this year have been dashed with a sudden collapse in demand coming at a time when supply is still expanding, the International Energy Agency says. The IEA's keenly-observed monthly Oil Market Report found oil demand growth slumped from a robust 1.4 million barrel per day (mb/d) in the second quarter to a two-year low of 0.8 mb/d in the third. Continue to full report

Nuplex Industries Limited (Nuplex, NZX/ASX code: NPX) advises that the Scheme of Arrangement (Scheme) with Allnex New Zealand Limited (Allnex) has been implemented today., Tuesday 13 September 2016. Accordingly, Allnex (a subsidiary of Allnex Belgium SA/NV) now owns all of the shares in Nuplex. For each Nuplex share held on the Scheme Record Date (7.00 pm on Wednesday 7 September 2016), shareholders were:•today paid the Scheme Consideration of NZ$5.43; and•yesterday paid the compensatory dividend of 3.150NZ cents. Nuplex Chairman Peter Springford said “On behalf of the Board, I would like to thank our employees, shareholders and customers, both past and…

Straight from The Huffington Post - August was the hottest month ever recorded.  Well not for us Down Under but maybe our turns coming.  So read on: Surprise, surprise: Last month was the hottest August ever recorded, marking the 11th straight month that global heat records have been shattered, according to NASA data. The agency broke the bad, though perhaps not entirely unexpected, news on Monday. August had a global average surface temperature of about 1.76 degrees Fahrenheit above average, NASA said. It also tied with July as the warmest month ever recorded since record-keeping began in 1880. “We are…

One of Auckland’s very few women yacht brokers is reporting a big surge in recreational boating in Auckland – and is expanding her business in the city by linking with a southern broker to help meet the demand for both new and used boats. Janis Marler and partner Blair Harkness of City of Sails Marine Brokers have been appointed Northern Sales Representatives for South Island based NZ Boat Sales, offering the full range of new Aquila cruising catamarans, as well as Seawind, Outremer, Corsair and Overblue power and sail catamarans. “This is a very exciting new development for both the…

Dairy organizations in the United States, Australia, the European Union, Mexico and New Zealand today issued a joint letter to their respective trade and agriculture officials, expressing indignation about Canada's recent actions to deepen its already prohibitive restrictions on dairy trade. The groups said Canada's increasingly protectionist policies violate "international trade obligations, hold out the prospect of trade diversion with attendant global price-depressing impacts and are in conflict with the principles of free markets and fair and transparent trade." Continue here to full article  

New Zealand importers and exporters are scrambling to find out how they will be affected after the world's seventh largest shipping line went broke. Continue to full report

This week the rocket launch platform was transported from Auckland to the Rocket Lab launch site on New Zealand's Mahia Peninsula. The installation of the almost 50 ton platform is the final major step in preparing the site for the arrival of the first Electron launch vehicle. Thanks to all the wonderful people in Mahia who came out to say 'hello' as we were passing through! View the journey here

TROY, Mich.—Engine products and drive systems supplier Dayco Products has appointed Arnold Mouw as managing director of its business in southeast Asia, Australia and New Zealand. Mouw will lead the company’s business in the region, including sales, manufacturing, distribution and all support functions. Moore and his team “are achieving continued growth in the regions they manage through expanded product offerings and best-in-class service,” said John Bohenick, chief executive officer for Dayco. “As the market rapidly grows, the automotive aftermarket in southeast Asia is expected to become a $38 billion industry by 2025,” said CEO John Bohenick. Mouw joined Dayco in…

It's aimed at helping to automate and streamline tasks like document approval.  Companies that want to try simplifying the tangled mess of their internal workflows will be able to use a new tool from Box to help.  Box Relay is a new product the enterprise storage company announced on Tuesday that's aimed at giving employees a way to manage and track the process of doing repetitive work, like submitting expense reports and getting agreements approved. Using Relay, power users will be able to design workflows that they can then share with co-workers inside an organization and people from other companies…

NZME will pay $55 million in cash and issue shares giving Australia's Fairfax Media a 41 percent stake if a planned merger of New Zealand's dominant publishers is given the go ahead. Continue to full article