The coronavirus pandemic caused the sharpest decline in demand for champagne since world war II. In this regard, the producers agreed to collect less grapes — part of the crop will be destroyed. This is reported by The Times. 360 producers, which account for about 90 percent of purchases of Chardonnay, Pinot Noir and Pinot Meunier grapes, have entered into an agreement with growers. They commit to harvest no more than eight tons of grapes per hectare, which is 22 percent less than last year. This will cause a fifth of the crop to rot. Sales of LVMH, which, for example, owns the champagne brands Moet&Chandon, Krug, Dom Perignon and Veuve Clicquot, collapsed by 30 percent due to the coronavirus pandemic. In July, it became known that Russia may raise the price of champagne, ...
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In Germany, there are more and more so-called zombie companies that can eventually undermine the economy for many years to come. Thousands of such businesses are unable to cover their debt service costs at the expense of profits, writes the Financial Times. Under a government decree introduced in March, German companies affected by the pandemic are not required to file for bankruptcy. The Minister of justice Christine Lambrecht wants to extend this decision until March of next year. However, many economists believe that it is better to let such firms close than to keep them on artificial life support. The government of Europe's largest economy is spending billions on job-saving programs, cheap loans to companies, and rehabilitation of large firms facing bankruptcy. It is estimate...
Read MoreAmerican energy companies Chevron, Honeywell, General Electric and others have entered into oil-related agreements with the Iraqi authorities for a total of eight billion dollars. This was reported by the us Department of energy. The former has been granted exclusive rights to explore, develop and produce oil in the province of Di-Kar. Honeywell plans to start gas production in the Ar-Ratawi field, which will allow Iraq to use " local gas resources to meet domestic energy demand." In addition, General Electric got contracts for the electrification of Iraq. These deals are key to Iraq's energy future, said US energy Secretary Dan Brouillette. Earlier, Saudi Arabia and Russia criticized Iraq for failing to reduce oil production, which, in their view, threatens the OPEC + deal. H...
Read MoreThe reason for the mass death of dolphins in the black sea resort has been established
Employees of the black sea-Azov sea Department of Rosprirodnadzor have established the reason for the mass death of dolphins on the coast of the Russian resort. About it on Sunday, August 23, reports "Zhivaya Kuban". According to the portal, experts conducted a check in the area of Gelendzhik Bay and found out that the death of animals is caused by anthropogenic factors, including pollution of the water area with petroleum products, which caused the poisoning of animals. Information about the excess concentration of petroleum products in the sea was passed to the police. Now employees will have to identify violators of environmental legislation, the newspaper notes. In July, it was reported that dead dolphins covered in fuel oil washed up on the coast of Gelendzhik. Local reside
Read MoreBritish millionaire Barry Drewitt-Barlow, who was one of the first gay men in the country to get the right to fatherhood through surrogacy, proposed to the former lover of his daughter, writes the Daily Mail. Last year, the man separated from his husband Tony Drewitt-Barlow, during the marriage with whom the family had five children, the eldest were twins — a girl, Saffron, and a boy, aspen. Barry, 50, began Dating 25-year-old bisexual assistant Scott Hutchison, who had been building a relationship with 20-year-old Saffron in the past few months. In social networks, the millionaire shared footage of the romantic setting in which the couple got engaged. The engagement was made during a joint vacation with her daughter and a young lover. At the same time, Saffron noted that she is ...
Read MoreRussian foreign Minister Sergei Lavrov called on Kiev to stop playing tricks on everyone and start implementing the Minsk agreements. The foreign Minister said this in an interview with the Trud newspaper, RIA Novosti reports. According to the Minister, this document, which was approved by the UN security Council and signed by Ukraine, contains a provision on constitutional reform, which involves the decentralization of power and securing the special status of certain districts of the Donetsk and Luhansk regions. The Minister noted that giving special status to these territories is the key to resolving the crisis in Ukraine and resolving security, socio-economic and humanitarian issues. Lavrov also added that Ukraine comes up with some excuses every time and does not fulfill its obliga
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