Two years later, they’re suffering from a glut of red wine and plummeting grape prices with no overseas market big enough to fill the gap.
Category: International Trade and World Market
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China Wine Tariff Pushes Australia’s Grape Growers Into Crisis
The New York Times – Business: -
Asian Markets Drop After Credit Suisse Moves to Borrow Billions
The New York Times – Business:Stocks were set to open higher in Europe and the United States after days of volatility, but markets in Asia were down as fears grew about unseen risks.
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Stocks Are Poised to Rise Monday as Regulators Act on Silicon Valley Bank
The New York Times – Business:Officials in Japan, South Korea and India, some of Asia’s largest economies, assuaged concerns of a global ripple effect coming from the United States.
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Biden and E.U. Leader to Discuss Ukraine and Trade Spat
The New York Times – Business:President Biden and the European Commission president are set to discuss how to effectively counter Russia and a potential trade deal for electric vehicles.
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U.S. and Europe Angle for New Deal to Resolve Climate Spat
The New York Times – Business:American and European officials are trying to reach agreement on the outlines of a limited trade deal that could help resolve a major rift over America’s new climate legislation.
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U.S. Considers Vaccinating Chickens Amid Bird Flu Outbreak
The New York Times – Business:The largest outbreak of avian influenza in U.S. history has driven up egg prices and raised concerns about a human pandemic, though C.D.C. experts say the risk of that is low.
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U.S. to Challenge Mexican Ban on Genetically Modified Corn
The New York Times – Business:The Biden administration said it would request talks with Mexico over a brewing trade fight.
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Why U.K. Supermarkets Are Limiting Vegetables
The New York Times – Business:Five major grocery chains are restricting the number of some produce items, as bad weather in Spain leads to shortages.
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King Charles Faces Backlash Over Northern Ireland Trade Deal Meeting
The New York Times – Business:King Charles’s meeting with an E.U. leader on the day a Northern Ireland trade deal was announced drew angry recriminations from critics who viewed it as an improper foray into British politics.
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U.S. Eyes Trade Deals With Allies to Ease Clash Over Electric Car Subsidies
The New York Times – Business:The Biden administration has faced backlash in Europe and Asia over its plans to bolster electric vehicle and battery production.
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How One Ukrainian Company Survived, and Thrived, Through a Year of War
The New York Times – Business:For Kormotech and its 1,300 employees, Russia’s invasion disrupted everything. After nimble decision-making and good fortune, sales are up, providing Ukraine with much-needed tax revenue.