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  • AUS: Wine sales dry up as drinkers cut back

    August, 23, 2011
    THE logic behind Foster's carving off its wine arm into an independently listed company was confirmed yesterday when fresh figures from the Bureau of Statistics showed sales of local wine were suffering their most protracted period of weakness in 15 years. The downturn is tipped to be made all th...

  • AUS: Foster's reports annual loss of $93m

    August, 23, 2011
    Australian brewer Foster's has reported an annual loss as it tries to fend off a hostile takeover bid by SABMiller. Foster's reported a loss of 89m Australian dollars ($93m; £56.5m) for the year ending 30 June. Despite the loss, Foster's said it planned to return A$500m to shareholders. Th...

  • Vintage (BC) wine jars found off Albania

    August, 23, 2011
    TIRANA, Albania - A US-Albanian archeological mission said yesterday it has found the well-preserved wreck of a Roman cargo ship off Albania’s coast, complete with some 300 wine jars.The 30-yard-long wreck dates to the 1st century BC and its cargo is believed to have been the produce of southern A...

  • South Africa wine grown by 'abused' workers

    August, 23, 2011
    Workers helping to make South Africa's renowned wines are subject to unsafe working conditions and poor housing, a report has said. Human Right Watch says workers on wine and fruit farms face exposure to pesticides and are blocked from forming labour unions. The reports also says these workers...

  • Fine wine galore! Hong Kong's buried treasure

    August, 22, 2011
    In December 1941, a munitions bunker near a former British Army base became the last place to fall to the Japanese during the Second World War invasion of Hong Kong. The shells have long since been cleared; now the vast underground vaults are home to an equally precious stock. ...

  • US: California Vineyard Gets Fracked

    August, 22, 2011
    Los Alamos, Calif.—Hydraulic fracturing, a controversial petroleum extraction method better known as hydrofracking or fracking, has begun in a Santa Barbara County vineyard. Oil drilling, including highly visible offshore platforms, has been going on in the Central Coast county for decades, but fr...

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