AFP Asia Business
Wine consumption falls heavily into the red
Worldwide consumption of wine fell in 2024 to its lowest level in more than 60 years, the main trade body said Tuesday, raising concerns about new risks from US tariffs.The International Organisation of Vine and Wine (OIV) said that 2024 sales fell 3.3 percent from the previous year to 214.2 million hectolitres.The OIV, whose report …
China’s economy beats forecasts ahead of Trump’s ‘Liberation Day’
China said Wednesday its economy topped forecasts in the first quarter, as exporters rushed to shift goods ahead of swingeing US tariffs, but warned it faced “certain pressures” from Donald Trump’s trade blitz.Beijing and Washington are locked in a fast-moving, high-stakes game of brinkmanship since the US president launched a global tariff assault that has …
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Vespa love affair: Indonesians turn vintage scooters electric
When Indonesian executive Heret Frasthio takes his antique 1957 VL Vespa for a ride, its white paint peeling off, the usual fumes and hum of the free-spirited scooters cannot be seen or heard.The two-wheeler is just one of the vintage models converted by his company as it tries to turn a love for the Italian …
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Cambodia’s Chinese casino city bets big on Beijing
Once a collection of sleepy fishing villages, vast Chinese investments have transformed Cambodia’s Sihanoukville into a half-finished gambling resort with signs everywhere in Mandarin.China is the largest investor and trading partner in Cambodia, much of it directed towards the Gulf of Thailand port, a key strategic location in the Belt and Road Initiative (BRI) championed …
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