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Australias wine industry faces oversupply problems that will need years to resolve, experts say, pointing to tariffs and export bottlenecks.

Australias wine industry faces severe oversupply problems that will need years to resolve, experts say, pointing to Chinese tariffs, high production and export bottlenecks during the COVID-19...

Australia's wine industry is dealing with an oversupply issue that experts predict will take years to rectify. This challenge is attributed to Chinese tariffs and heightened production.

According to the General Department of Customs, Ho Chi Minh City and Bac Ninh were two localities that recorded export turnover of goods exceeding USD20 billion.

Australian wine exports declined by 10% in value to AU$1.87 billion in the year to July 2023, but dropped just 1% in volume.

In this week’s briefcase, South Australian companies are named in a best places to work list, tough conditions persist for Australian wine exports and Southern Launch signs an MoU with Space Forge. Plus upcoming business events in South Australia.

Australian wine exports increased by 1 per cent in volume to 623 million litres and declined by 4 per cent in value to $1.94 billion in the year ended 31 December 2022, according to Wine Australia’s latest Export Report.

Research published today by Chinese etailer Alibaba Group has found that only 8% of businesses in the government-designated economic-growth region in the

President Joe Biden doesn’t like a lot of things about guns. He castigates Modern Sporting Rifles (MSRs), as “weapons of war.”

President Biden faced backlash for his Memorial Day comments suggesting that there is "no rational basis" for using 9mm pistols for self-defense or hunting.