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Britain’s withdrawal from the EU without a deal threatens the growth of Scotch whiskey exports, Reuters reports, citing the Scotch Whiskey Association. Brexit without an agreement will be the reason for the complication of trade between the EU and the UK and the increase in costs. The parties will lose the benefits of 50 million pounds in fees. Industry representatives are concerned about the change in labeling. If Brexit is completed without a deal, two labels will be needed when supplying whiskey from Scotland - one for the EU, the other for the UK. Double labeling of goods will require more costs. Whiskey exports from the UK brought 4.5 billion pounds in 2017. Whiskey ranks first among exported food and beverages. The next most popular items are salmon, chocolate and cheese.
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
Britain on Wednesday signed a supply deal for up to 60 million doses of a possible COVID-19 vaccine that is being developed by pharmaceutical companies GlaxoSmithKline (GSK) and Sanofi. The financial details of the agreement were not disclosed. However, ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
Backed by record-low mortgage rates, U.S. home sales reached its strongest record in June. However, the outlook for the housing market remained murky as low inventory and high unemployment rate pressed amid the virus crisis. Existing home ...
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