Business World


Australia is the fifth largest exporter of wine around the world. It produces and exports approximately 4% of the world’s total wine. The wine industry is a major contributor to its economy in terms of revenue, production, tourism and employment. It roughly generates $40 billion every year to its economy. China is one of the […]


China IMPOSES up to 212% tariffs on Australian wine amid dumping allegations

China will impose taxes on Australian wine of up to 212%, starting on Saturday. Its commerce ministry said these were temporary anti-dumping measures to stop subsidised imports of Australian wine. The duties will range from 107% to 212%, intensifying trade tensions between the two countries. In recent months, Beijing has targeted Australian imports including coal, […]


Malfunction leaks red wine into water pipes in an Italian town

For a few hours this week, residents of the northern Italian town of Castelvetro realized they could have their wine not just from bottles — but also from their faucets and shower heads. A malfunction at a local winery caused 1,000 liters of ready-to-be-bottled wine to leak into the water pipes. The glitch lasted about […]