Treasury Wine Estates Ltd., the world’s second-largest listed wine company, is seeking out vineyards in cooler regions in preference to ones in warmer areas as climate change starts to shift growing seasons.
Areas suitable for viticulture may decline from Bordeaux to Australia as climate change prompts a shift in wine production to higher latitudes and elevations in New Zealand and the Northern Hemisphere, researchers said.
The global economy won’t gain much traction this year as Europe and Japan fail to recover and lag behind other developed economies, International Monetary Fund Managing Director Christine Lagarde said.
Operation Desert Schmooze, President Barack Obama’s two-day charm offensive in Jerusalem, achieved its central goal of convincing Israelis that the U.S. president, to invert an ancient stereotype, doesn’t have horns.
President Barack Obama assured Israelis that his commitment to their country’s security is uncompromising even as he challenged Prime Minister Benjamin Netanyahu’s government to take risks for peace and prosperity.