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Australian wine industry toasts expected end to China tariffs
Australian wine industry toasts expected end to China tariffs
by  AFP

The Australian wine industry welcomed news on Wednesday that China could begin lifting punitive tariffs within weeks, raising hopes that the country's red wine glut will soon ease. Industry body Grape and Wine's chief executive Lee McLean welcomed the indication of tariff relief.

China warns proposed TikTok ban will 'come back to bite' US
China warns proposed TikTok ban will 'come back to bite' US
by  AFP

Beijing warned on Wednesday that a proposed ban on Chinese-owned video-sharing app TikTok would "inevitably come back to bite the United States". "In the end, this will inevitably come back to bite the United States itself," Wang said.

Volkswagen's 2023 profits rise, outlook for this year cautious
Volkswagen's 2023 profits rise, outlook for this year cautious
by  AFP

German auto giant Volkswagen on Wednesday reported a forecast-beating rise in profits for 2023, boosted by higher vehicle deliveries, but gave a cautious outlook for this year. Looking ahead, the German auto giant expects vehicle deliveries to advance in 2024, but by up to just three percent, due to tougher international competition and potential supply chain problems.

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