Author: Press Room
PARIS (Reuters) – The global wine trade reached record-high value last year, supported by a sharp rise in prices, but the amount of wine sold fell due to weaker demand and logistical problems, an industry body said. The International Organisation for Vine and Wine (OIV) said on Thursday that global wine exports in 2022 stood at 37.6 billion euros ($41.22 billion) as export prices rose 15% on average compared to 2021. Global wine consumption fell 1% to 232 million hectolitres (mhl). “The war in Ukraine and the associated energy crisis, together with the global supply chain disruptions, lead to a…
(Reuters) – Deposits at all U.S. commercial banks dropped in the second week of April, though at smaller banks deposits held steady in a sign of stabilization in the financial institutions hardest hit by deposit outflows after last month’s failure of two large regional banks. Federal Reserve data released on Friday showed deposits at all commercial banks fell to $17.38 trillion in the week ended April 12, on a non-seasonally adjusted basis, from $17.43 trillion a week earlier. The drop was almost entirely at the top 25 banks, the data showed. A drop in deposits can leave banks with less…
Mam-On Island in the Philippines is as authentic as island life gets. White sand beaches, turquoise waters, coral reefs, secret surf spots—and little else—make its Pacific Ocean setting a natural standout. What more could anyone want? Maybe an $11 million pristine property with 2,300 feet of shoreline in the country’s prime surf zone. “It is undoubtedly a perfect location for a sustainable and green luxury resort with a gym and spa on the hill,” says listing agent Mary Anne Meily. “Or it could also be a large private luxury home” on the remote island with about 300 residents. The potential…
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. Banks have pledged to go green, but last year they poured billions of dollars into expanding the capacity of fossil fuel production despite the accelerating climate crisis. Banks provided $673 billion to finance the fossil fuel industry last year, even as oil and gas companies made $4 trillion in profits, according to the annual Banking on Climate Chaos report, authored by a group…
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Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.Singapore, Singapore, April 21st, 2023, ChainwireSingapore-based blockchain startup to help businesses of all sizes overcome challenges to build cutting-edge infrastructure for Web3.Bisonai, a Singapore-based company specializing in Web3 infrastructure, has joined forces with Polygon Supernet, a blockchain developer that provides a Layer 2 scaling solution for Ethereum, to revolutionize enterprise blockchain solutions, offering scalable and customizable Web3 infrastructure to businesses worldwide. As companies increasingly look to adopt blockchain technology, they often encounter significant challenges related to scalability and complex infrastructure…
Stocks have enjoyed an 8% rally since the start of 2023. But that’s due to turn around in the second half of the year, says John Lynch. Lynch warns the S&P 500 will retest October lows of 3,491. Comerica Wealth Management’s Chief Investment Officer John Lynch says the relief that stock-market investors have seen so far this year is about to end.Year-to-date, the S&P 500 is up 8%. But in a note to clients on Friday, Lynch warned that the index is due to weaken in the near future with a recession on the horizon. He said it would return…
Nima Momeni is in jail on a murder charge in the stabbing of Cash App founder Bob Lee. His lawyer told Insider that Momeni was placed “in a safety protocol.” The protocol is typical for people without a criminal history and in a high-profile case, the lawyer said. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Nima Momeni, the 38-year-old tech consultant who faces a murder charge in the fatal stabbing of Cash App creator Bob Lee, is on suicide watch, though his lawyer…
‘I’m drifting around somewhere near the equator, but I don’t know exactly where because it’s overcast, so I haven’t managed a sun sight for three days, and I haven’t seen any wind for a week. Sailing without wind is about as much fun as skiing without snow.” It was March 29 and after 206 days alone at sea, South African yachtswoman Kirsten Neuschäfer was suffering a touch of the doldrum blues. Normally a glance at the GPS would pinpoint a sailor’s position, but the retro Golden Globe competition tries to emulate the conditions of the original 1968-69 race, when Robin Knox-Johnston relied purely…
The House Intelligence Committee is investigating the CIA’s handling of sexual assault and harassment cases, CNN has confirmed. The bipartisan probe comes as multiple female CIA employees have approached the committee since the beginning of this year and told lawmakers the agency is discouraging women from filing sexual misconduct complaints, according to a person familiar with the matter. Politico was first to report the committee’s investigation. “Sexual assault is a heinous crime. Our committee is committed to addressing this matter and protecting those who are serving their country. We have been in contact with Director [William] Burns, and he is…
