Wine and shine:As harvesting gets into full swing in Australia, forecasts show winemakers are the latest to succumb to a catastrophic drought that has already wilted the winter wheat crop and is expected to drag the wool clip to a record low. Australia’s hottest summer on record is hitting its $4.4 billion wine industry hard, with grape yields set to drop to the lowest in years, and hopes the heat could produce tastier tipples starting to shrivel like the fruit on some of the nation’s vines.
Tesla said it would not be profitable in the first quarter, as it offered for the first time a $35,000 version of its Model 3 sedan and said its global sales would now be online-only, steps designed to increase demand and cut overhead costs for the electric vehicle maker.
Canada is likely to announce that an extradition hearing against a Huawei executive can proceed, legal experts said, worsening already icy relations with Beijing.
Germany faces the risk of steep U.S. tariffs on cars and a no-deal Brexit, a double whammy which could bring a golden decade of growth in Europe’s powerhouse economy to an end.
