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France is splashing out €200 million to destroy surplus wine

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The French government is allocating a substantial €200 million to address a pressing issue in the wine industry: an oversupply of wine and a shortage of consumers.

This predicament is not a simple one; it’s a blend of multiple challenges. Craft beer has enticed wine enthusiasts away from their traditional choice, vineyards are grappling with excessive production, and rising living costs have added to the woes of winemakers.

Agriculture Minister Marc Fesneau said that these measures aim to prevent the wine market from turning sour and to help vintners rekindle their passion.

To comprehend the origins of this issue, we must revisit the mid-2000s when Europe faced what was termed a “wine lake.” It was akin to a wine deluge, brought about by the European Union’s generous subsidies, resulting in a surplus of wine.

Fast forward to the present, and the EU continues to allocate a substantial 1.06 billion euros annually to support the wine industry. However, changing consumer preferences, with more people opting for beer and alternative beverages, coupled with the impact of Covid-19 shutting down bars and restaurants worldwide, has severely affected wine sales.

European Commission data paints a bleak picture of declining wine consumption, with drops observed in Italy (down 7%), Spain (down 10%), France (down 15%), Germany (down 22%), and Portugal (down a staggering 34%).

In response, France is embracing innovation, encouraging the wine industry to adapt to this ever-evolving landscape or even consider diversifying into products like olives. It’s a call for French winemakers to sip, swirl, and navigate these changing times.

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Carney’s Liberals poised for Canadian election victory

Mark Carney’s Liberals projected to win Canadian election, promising economic reform and a robust stance against Trump.

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Mark Carney’s Liberals projected to win Canadian election, promising economic reform and a robust stance against Trump.

In Short

Canadians are likely to re-elect Prime Minister Mark Carney and the Liberal Party, aiming to tackle economic challenges and U.S. relations.

Carney’s leadership has gained voter support, positioning him against Conservative rhetoric and focusing on strengthening Canada’s economy and trade ties.

Canadians are projected to retain the Liberal Party under Prime Minister Mark Carney in the recent national elections.

Carney, a former central banker, is expected to address economic challenges and respond to U.S. President Donald Trump’s claims about Canada’s economy.

The Liberals aim for a fourth term, although it is uncertain if they will secure a majority. Carney took over as Prime Minister following Justin Trudeau’s resignation earlier this year.

The Conservatives were leading by over 20 points in January but the political landscape shifted after Trump’s return. Carney positioned himself as the candidate capable of managing relationships with the U.S. and rebuilding Canada’s economy, which heavily depends on American demand.

Leadership skills

Polling data indicated a turning tide for the Liberals, as voters appreciated Carney’s leadership skills. After a conversation with Trump, Carney mentioned plans to discuss a new economic and security agreement post-election.

He plans to increase military investment while maintaining Canadian sovereignty on key issues like resources and language laws.

Carney has emphasised the need to enhance trade ties with Europe and Asia, aiming to reduce barriers within Canada. With his background in finance during critical periods, he aims to bring confidence back to the economy through tax reforms and targeted spending.

Pierre Poilievre’s Conservative rhetoric reportedly alienated some voters, amplifying support for Carney as the viable choice against Trump’s influence.

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National Top 10 Best Buyers Report: Terry Ryder’s Surprising Picks for Investors

Terry Ryder analyzes the National Top 10 Best Buyers Report, highlighting future capital growth locations like Darwin and Melbourne, while offering tips for first-time investors and an exclusive report discount.

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Terry Ryder analyzes the National Top 10 Best Buyers Report, highlighting future capital growth locations like Darwin and Melbourne, while offering tips for first-time investors and an exclusive report discount.


In this episode, Terry Ryder breaks down the National Top 10 Best Buyers Report, sharing how he identifies locations with long-term potential and future capital growth — beyond today’s “hot” markets. Discover why Darwin is a standout and why Melbourne is back on the radar. Plus, get his advice for first-time property investors and an exclusive discount on the report!

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#PropertyInvestment #RealEstate #Hotspotting #InvestmentTips #NationalTop10 #CapitalGrowth #RealEstateAustralia #FirstHomeBuyers

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U.S. Treasury Secretary warns China to urgently fix trade tensions

Treasury Secretary Scott Bessent urges China to reduce trade tensions and warns high tariffs are unsustainable, while expressing optimism for negotiations with India.

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Treasury Secretary Scott Bessent urges China to reduce trade tensions and warns high tariffs are unsustainable, while expressing optimism for negotiations with India.


Treasury Secretary Scott Bessent has put the pressure firmly on China to take steps to reduce escalating trade tensions, stressing the heavy reliance of China’s economy on exports to the United States.

Bessent warned that current high tariff levels are unsustainable and shared optimism about negotiation breakthroughs with other nations, notably a potential trade deal with India.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#TradeTensions #ScottBessent #ChinaTrade #GlobalEconomy #TickerNews #Tariffs #EuroSurge #IndiaDeal

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