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World wine production hits 60-year low

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World wine production is set to hit a 60-year low, with experts predicting the lowest levels seen since 1963.

 
The wine industry faces unprecedented challenges due to adverse weather conditions, including extreme temperatures, wildfires, and erratic rainfall patterns.

These factors have severely impacted vineyards across major wine-producing regions, including France, Italy, and Spain.

The decline in wine production is causing concerns among wine enthusiasts and industry professionals alike. As supply dwindles, wine prices are expected to rise, potentially making premium wines less accessible to consumers.

Additionally, this decrease in production could have long-term consequences for the global wine market, leading to shifts in consumer preferences and increased competition among wine producers.

Winemakers are now exploring strategies to mitigate the impact of climate change on their crops, including implementing new viticultural practices and adopting sustainable farming techniques.

Governments and industry associations are also working together to find solutions to the challenges posed by climate change to the wine industry. #featured

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Why Australia is becoming the new home of the Hollywood blockbuster

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Australia’s multimillion-dollar campaign to attract Hollywood productions to its shores appears to be paying off.

The allure of Australia lies not only in its picturesque locations but also in its competitive financial incentives.

The government offers generous rebates and tax breaks to international productions, making it an attractive proposition for filmmakers looking to maximise their budgets.

Despite the recent intake of Hollywood productions down under such as ‘The Fall Guy’ and ‘Furiosa: A Mad Max Saga’, Aussie independents are still finding the space to carve their own creative path.

Rob Fantozzi joined the program to discuss the latest in Hollywood, and showcased his own upcoming project – ‘Omerta‘. #featured

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U.S. home prices surge 47%

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American home prices are rising at faster pace now than in the last 20-years.

A recent analysis reveals a jaw dropping surge in the cost of American homes.

Since the start of 2020, U.S. home prices have surged 47% easily outstripping the gains seen in recent decades.

On top of that, home price growth so far this decade is on the verge of surpassing all the growth seen in the 2000s.

Many experts believe this decade’s housing market frenzy was ignited by a perfect storm — the onset of the COVID-19 pandemic triggering an unprecedented rush among buyers.

Tom Hutchens, the Executive Vice President of Production at Angel Oak Mortgage Solutions joins Veronica Dudo to discuss.

#IN AMERICA TODAY #economy #housing #housingmarket #homeprices #homesales #inflation #trending

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Portal between countries shut down after international flashing

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An international video portal has been forced to shut down after an OnlyFans model reportedly flashed passersby from across the globe.

On this episode of Ahron and Mike Live – Which would you prefer; pay rise or work perks, an international portal closes, the military reveal a submarine stingray and are you on a top or bottom burger bun?

Ticker’s Ahron Young & Mike Loder discuss. #featured #trending

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