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China will lift anti-dumping and anti-subsidy tariffs on Australian wine from March 29, the Chinese commerce ministry said on Thursday, ending three years of punitive levies and offering long-awaited relief to Australian wine producers. "We welcome this outcome, which comes at a critical time for the Australian wine industry," the Australian government said in a statement. "Since 2020, China's duties on Australian wine effectively made it unviable for Australian producers to export bottled wine to that market. When the tariffs on Australian wine were levied in 2021, Canberra urged the WTO to arbitrate in the dispute. "Today's announcement is a significant positive not only for Treasury Wine Estates, but also for the Australian wine industry and wine consumers in China," CEO Tim Ford said in a statement.
Persons: Australia's, Tim Ford Organizations: World Trade Organisation, WTO, Wine, Treasury Wine Estates Locations: Chirnside Park, Victoria, Australia, China, Canberra, Beijing
NEW YORK (AP) — The New York Times is fighting off Wordle “clones” — arguing that numerous games inspired by the mega-popular word-guessing game infringe on its copyright protections. And now the Times, which purchased the game in 2022, is sending takedown notices to people behind some of the look-alikes. "As a result, hundreds of websites began popping up with knock-off ‘Wordle’ games that used The Times’ ‘Wordle’ trademark and copyrighted gameplay without authorization or permission,” the spokesperson said. Photos You Should See View All 60 ImagesThe Times’ DMCA takedown notices were first reported by tech outlet 404 last week. Still, Brauneis said he believes the Times' arguments for Wordle copyright infringement are on “a little bit shaky ground" for several reasons.
Persons: , GitHub, Vignesh Venkat, Venkat, , Robert Brauneis, George, Brauneis, , Josh Wardle, Wordle Organizations: New York Times, Times, Copyright, New York Times Co, George Washington University's Law, Associated Press, AP, U.S . Copyright Locations: California, GritHub
Australian farmers rip out millions of vines amid wine glut
  + stars: | 2024-03-09 | by ( ) edition.cnn.com   time to read: +5 min
About two-thirds of Australia’s wine grapes are grown in irrigated inland areas such as Griffith, its landscape shaped by vine-growing techniques brought by Italian migrants arriving around the 1950s. That would destroy more than 20 million vines across 12,000 hectares (30,000 acres), Reuters calculations based on Wine Australia data show, or about 8% of Australia’s total area under vine. “If half the vines in Australia were ripped out, it still might not solve the oversupply,” said a wine maker in Western Australia. When China blocked imports during a political dispute in 2020, Australia lost its biggest wine export market by value. And unlike Europe, it offers farmers no financial aid to help them destroy vines and excess wine.
Persons: , , James Cremasco, Griffith, TWE.AX, Carlyle Group’s, Andrew Calabria, Cremasco, Jeremy Cass, Tim Mableson, Bill Calabria, Andrew’s, There’ll Organizations: CNN, Accolade, Wine, Riverina Winegrape Growers, Growers, KPMG Locations: Australia, China, Griffith, Calabria, Riverina, Wine Australia, Western Australia, Chile, France, United States, Bordeaux, Europe, Tasmania, Yarra, Victoria
Apple cancels work on an electric car, reports say
  + stars: | 2024-02-28 | by ( Hanna Ziady | ) edition.cnn.com   time to read: +2 min
London CNN —Apple has abandoned decade-long efforts to build a self-driving electric car, according to multiple media reports, calling time on a project that some saw as potentially transformative for the auto industry. The news comes as electric vehicle (EV) sales have disappointed, prompting several major manufacturers to pull back on investments. Apple had been hiring automotive executives since at least 2014 and, in April 2017, it received a permit from the California Department of Motor Vehicles to test self-driving vehicles. Two years later, it acquired Drive.ai, a self-driving car startup. In 2020, Morgan Stanley analysts said an Apple car had the potential to be “a transformative event” for the automobile and mobility industry in the coming decades, much as the iPhone disrupted the mobile phone industry.
Persons: London CNN —, Morgan Stanley Organizations: London CNN, London CNN — Apple, Bloomberg, CNN, Apple, California Department of Motor Vehicles, BMW
Road trips are the ultimate symbol of freedom, discovery, and the boundless beauty of the US. As a travel expert, I believe these three incredible routes are the best if you're looking to go on an amazing road trip experience with your own family. AdvertisementTake a road trip through ArizonaFrom majestic mountains to captivating canyons, Arizona's glorious scenery cannot be fully realized by visiting just one destination. For a rush of adrenaline, set out on a whitewater rafting excursion with companies like Advantage Grand Canyon. Families can also take a boat cruise on Lake Powell and visit the Glen Canyon Dam.
Persons: I've, Dana Point, Battery, Taryn White, Coyote, Lake Powell Organizations: Business, Santa Barbara Zoo, San Luis Obispo, Aquarium, California Academy of Sciences, Roanoke Star, Biltmore Estate, River Arts, Asheville Museum of Science, North Carolina Arboretum, Biltmore, Asheville Glamping, Railway Locations: California, Dana, Los Angeles, San Francisco, Santa Barbara, Ellwood, San Luis, Big, Carmel, Monterey, Golden, Battery Spencer, Virginia, North Carolina, North Carolina ., Shenandoah, Smoky, Crabtree Falls . Roanoke, Mountain, Meadows, Dan ,, Asheville, River Arts District, Bohemian, Arizona, Phoenix, Sedona, Boynton Canyon, Grand, El Tovar, Williams, Bend, Lake Powell
YourMove.AI, an AI dating tool that offers a range of services such as drafting messages, analyzing conversations and evaluating users' dating app profiles, has about 250,000 users, founder Dmitri Mirakyan estimates. Rizz, an AI dating assistant, debuted in 2022 after ChatGPT took off. Like in other areas, relying too much on AI in dating can cross the line into unethical behavior. Although the use of AI for dating purposes isn't necessarily all bad, he added, dating apps will still need to "tread with caution." WATCH: How I built my $400 million-a-year dating app
Persons: Stan Marsh, Clyde Donovan, Clyde, Stan, OpenAI, it's, Dmitri Mirakyan, YourMove, Mirakyan, ChatGPT, he'd, Roman Khaves, Josh Miller, Khaves, It's, Jonathan Raa, Alex Weitzman, Weitzman, They've, Gary Kremen, Kremen, Lisa Marie Bobby, Bobby, Renate Nyborg, Nyborg, Meeno Organizations: Nvidia, CNBC, Nurphoto, OpenAI's Locations: U.S, New York, chihuahua, Finland, Australia, New Zealand, Netherlands
Read previewChina’s leading ride-hailing firm has dropped out of a program that allows it to test self-driving vehicles on Californian public roads. Ride-hailing giant Didi has withdrawn from California’s autonomous vehicle testing program, according to the California Department of Motor Vehicles, as several rival Chinese firms also scaled back their self-driving operations in the state. Future Publishing/Getty imagesDidi is not the only Chinese company that appears to be scaling back autonomous vehicle testing in California, or pulling out entirely. That's a significant decline from the previous year, when Chinese autonomous vehicle companies conducted over 450,000 miles of testing. AdvertisementHe said that public backlash toward autonomous vehicles in cities like San Francisco had increased the risks of negative PR for companies testing the technology on public roads.
Persons: , Didi, WeRide, AutoX —, That's, Sesame, Bob Latta, Cruise, that's, ” John Helveston, ” Helveston Organizations: Service, California Department of Motor Vehicles, Business, DMV, Baidu, Future Publishing, Pegasus Technology, NBC, Republican, Anadolu, Getty, George Washington University Locations: California, Shanghai, China, Jiaxing, San Francisco
Will she cry if the Kansas City Chiefs lose to the San Francisco 49ers? For some much-needed assistance, Mr. Burns turned to a reliable source: his teenage daughter. “Friends are like, ‘Come on over and watch the game with us,’” Mr. Burns said in a telephone interview from his home in Montreal. I have to watch Taylor Swift. But I’ll know how many times Taylor Swift was shown on TV.”Ms.
Persons: Adam Burns, Taylor Swift, Burns, , , Mr, Ms, Swift, Travis Kelce, Organizations: CBS, Kansas City Chiefs, San Francisco 49ers Locations: Las Vegas, Montreal, Travis Kelce , Kansas
The Drug Enforcement Administration regarded Anthony L. Armour as an “outstanding” special agent on the front lines of the nation’s opioid epidemic. But in 2019, a routine drug test derailed his career. His failed drug test led the government to fire him, setting off a lengthy court battle that underscored the growing pains of a booming and largely unregulated CBD industry. Last week, Mr. Armour won his case. In a rare move, the Department of Justice agreed to rehire him as a special agent, provide some back pay, cover his legal expenses and restore his eligibility for a pension.
Persons: Anthony L, Armour Organizations: Drug Enforcement Administration, Department of Justice
The betonline.ag team used X (formerly Twitter) trends to determine the top teams in each state. The Detroit Lions have the support of more than half of US states heading into the Divisional Round. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Jared Goff high fives his Detroit Lions teammates. Even some Northeastern states, including most of New England, are rooting for the Lions in the Divisional Round.
Persons: , Patrick Mahomes, Josh Allen, Ed Zurga, Jared Goff, Ryan Kang Organizations: NFL, Detroit Lions, Service, Baltimore Ravens, AFC, San Francisco 49ers, NFC, Houston Texans, Green Bay Packers, Tampa Bay Buccaneers, Kansas City Chiefs, Bills, Buffalo Bills, AP, Detroit, Lions, Los Angeles Rams, Packers, Chiefs, Buccaneers, Texans, Lone Star State, 49ers Locations: Las Vegas, Buffalo, betonline.ag, United States, Wisconsin, Iowa, Missouri, Florida, Louisiana, Northeastern, New England
Tech company Entrupy says its device can authenticate handbags from brands like Louis Vuitton and Chanel. The AI authenticator is gaining renewed interest as companies seek to cash in on the AI hype. And interest in the AI tool may continue to grow as businesses seek to cash in on the AI hype. Currently only available to resellers of luxury goods, Entrupy claims its tool can authenticate products from luxury brands like Balenciaga, Burberry, Gucci, and Louis Vuitton. Two months later, Humane.ai, an AI startup, launched its AI pin — which the company says can project information onto a user's palm through light — to the market.
Persons: Entrupy, Louis Vuitton, Chanel, , Gucci, Vidyuth Srinivasan, Elle, there's, that's, TikTok, Entrupy didn't, Meta Organizations: Tech, Service, Burberry
Despite an overall slump in startup funding, 2023 saw a scramble among investors to pour money into AI and machine learning startups. And the company's star still appears to be rising, despite a messy leadership struggle that recently spilled into public view. Meanwhile OpenAI's perennial rival Anthropic attracted multi-billion dollar investments from both Google and Amazon to fund a competing AI model known as Claude. At the same time legacy companies from John Deere to accounting firm PwC played up their AI bona fides to capitalize on the hype. The list doesn't include startups who have not publicly released the amount of their funding rounds.
Persons: OpenAI, Anthropic, Claude, Databricks, John Deere, PwC, Fresh Organizations: Microsoft, Google, Alpha, Technology, Monogram, Sigma, Lambda, Helsing, Metals, Eagle Eye, Amelia, Asimov, Farmers Business, Harbinger, Prins, Silo, Mistral, Alto, AMP, Management Software, Universal, Coro, Kodiak Robotics, Aerospace, Defense, Sana, Corti, Kyte, Mitra, Tech, Boss Digital Technology, Halcyon, & $ Locations: PitchBook
The logo of Bain Capital is displayed on the screen during a news conference in Tokyo, Japan October 5, 2017. Bain Capital said the firm itself committed $750 million to Bain Capital Asia Fund V, alongside existing and new investors. At $7.1 billion, the fund is Bain Capital's biggest to date for Asia and also the region's largest private equity fund raised this year, according to Preqin data. Bain Capital, which started fundraising in the second half of 2022, had an initial target of $5 billion. Bain Capital invests across multiple asset classes, including credit, public equity, venture capital and real estate, managing approximately $180 billion in total assets globally.
Persons: Kim Kyung, you've, David Gross, Gross, Toshiba Corp's, Bain, Kane Wu, Jacqueline Wong Organizations: Bain Capital, REUTERS, Bain Capital Asia Fund V, Bain Capital's, Bain, ., Toshiba, Chindata, Estia, Intelligence, Thomson Locations: Tokyo, Japan, HONG KONG, Asia, U.S, Bain Capital's Asia, . Asia, China, India
COLUMBUS, Ohio (AP) — The statewide battles over abortion rights since the U.S. Supreme Court overturned a constitutional right to abortion have exposed another fault line: the commitment to democracy. "We spoke.”Gross told Jackson she wasn't ignoring voters but rather was reflecting opponents' concerns that Ohio voters were led astray. Anti-abortion lawmakers and advocates already have pushed back in a handful of states where voters sided generally with abortion rights. Republican state legislative leaders initially pledged that the fight to restrict abortion rights wasn't over after voters had spoken. Florida’s Republican attorney general is attempting to keep a proposed abortion rights amendment off the 2024 ballot.
Persons: We.Are.Not.Done, Jennifer Gross, Gross, Dobbs, Roe, Wade, Douglas Keith, Brennan, , ” Keith, Emily Jackson, Jackson, ” Gross, , Rick Santorum, Brandon Prichard, Ohio, Sophia Jordán Wallace, Myrna Perez, Andrew Whitehead, God, ” Whitehead, Mike DeWine, Dave Yost, Jason Stephens, Matt Huffman, Stephens, Huffman, State Jay Ashcroft, Kara Gross Organizations: Supreme, Justice’s, AP VoteCast, Associated Press, NORC, for Public Affairs Research, Republican, Rep, University of Washington, Ohio University, Indiana University – Purdue University Indianapolis, Kentucky Republicans, , Ohio, State, AP Locations: COLUMBUS , Ohio, U.S, ” Ohio, Ohio, Montana and Utah, Alaska and Kansas, Pennsylvania, North Dakota, Montana, , In Missouri, Michigan, Florida
Livent CEO Paul Graves will take the top job at the newly minted Arcadium Lithium, if Allkem shareholders vote for the deal on Dec. 19. Merging the two companies would create the world's third-largest lithium producer by volume with assets spanning Australia, Canada and Argentina. Graves has said that one of his first priorities would be expanding Arcadium's footprint in Western Australia's world-class lithium districts. Under the deal, Allkem shareholders will get one share in the combined entity for each of their shares and the company will ultimately own 56% of the new firm. Livent shareholders will get 2.406 shares in the new firm, which will be called Arcadium Lithium, for each existing share.
Persons: Arcadium, Paul Graves, Kroll, Chile's, Graves, Albemarle, Livent Corp, Livent, Allkem, Scott Murdoch, Melanie Burton, Robert Birsel Organizations: JV, SYDNEY, Albemarle Corp, Liontown Resources, Hancock, Livent, FMC Corp, Galaxy Resources, Thomson Locations: Australia, U.S, Canada, Argentina, Western Australia, Sydney, Melbourne
And, of course, we've been doing research across a wide range of AI technologies, including generative AI, for years," he said. The upgraded camera uses machine-learning AI to tell the difference between a person and an animal in the frame. Laura Martin, a tech analyst at Needham, is among those who say Apple is "far behind" its big tech rivals. The early edge in generative AI is paying off for rivals, as was evidenced by Microsoft's recent earnings report. "We believe they are on the cusp of what will be the introduction of an AI App Store over the next year," he said.
Persons: Brendan Burke, That's, Tim Cook, Cook, we've, Siri, Apple, it's, Laura Martin, Martin, I'm, Ives, that's, what's, OpenAI, Google's Bard, Burke, Claude Organizations: Apple, Microsoft, Google, Vision Pro, Amazon Web Services, Bloomberg, Meta, Financial Times Locations: Cupertino, California, Seattle, Paris, Beijing, Anthropic
Morning Bid: Yield curve control morphs
  + stars: | 2023-10-31 | by ( ) www.reuters.com   time to read: +3 min
It will keep buying bonds, but time will tell whether and how tenaciously it will impede yields rising beyond 1%. After touching an almost 10-year low in morning trade, Japanese government bond futures rallied following the announcement. For the meantime the sense that some sort of anchor remains also spread some cheer to Treasury trade, sparking a brief rally. Falls in Hong Kong and Shanghai led MSCI's broadest index of Asia-Pacific shares outside Japan 0.9% lower (.MIAPJ0000PUS). Meanwhile, outside of markets, Hamas said its militants fired anti-tank missiles at Israel's invading forces in Gaza early on Tuesday as the conflict intensified.
Persons: Tom Westbrook, DAOU, Christopher Cushing Organizations: REUTERS, Staff, Bank of Japan, Nikkei, Treasury, Bond, Federal Reserve, U.S . Treasury Department, Samsung Electronics, Brookfield consortium, Treasury Wine Estates, Anheuser, Busch Inbev, Bouygues, BASF, BP, Pfizer, Caterpillar, Thomson Locations: Frankfurt, Germany, U.S, Europe, Asia, Falls, Hong Kong, Shanghai, Pacific, Japan, Australia, Gaza
Bottles of Penfolds Grange, made by Australian wine maker Penfolds and owned by Australia's Treasury Wine Estates, sit on a shelf for sale at a wine shop in central Sydney, Australia, August 4, 2014. The wine producer has been resetting its strategy in an attempt to diversify outside of China, which used to contribute a third of its profits, after Beijing imposed tariffs on Australian wine in 2021 when Canberra called for an inquiry into the origins of COVID-19. The winemaker's combined premium and luxury portfolios delivered double-digit gross profit growth in fiscal 2023, according to its annual report. Including cost synergies of more than $20 million, the acquisition is expected to be mid to high-single-digit earnings per share (EPS) accretive in fiscal 2025, the first year of Treasury owning DAOU. Treasury said it would also issue A$157 million of new shares to the existing owners of DAOU.
Persons: David Gray, Penfolds Grange, Frank Family, Phillip Kimber, Roushni Nair, Shailesh Kuber, Krishna Chandra Eluri, Jamie Freed Organizations: Australia's Treasury Wine Estates, REUTERS, China Deal, Wine Estates, Treasury, P Capital, Thomson Locations: Australian, Sydney, Australia, China, Beijing, Canberra, Americas, Bengaluru
For the past few months, we’ve been telling you all about the U.S. energy transition that’s arriving faster than you think. But the move toward solar is global: the study’s authors expect solar to be the cheapest source of electricity in almost all countries by 2027. “The transition to clean energy is happening worldwide and it’s unstoppable,” Fatih Birol, executive director of the International Energy Agency, told Brad. Between 2010 and 2020, the study found, the cost of solar cells fell by 15 percent each year. “The pace of decline in price initially surprised many people,” my colleague Ivan Penn, who covers the energy sector, told me.
Persons: we’ve, Fatih Birol, Brad, Ivan Penn Organizations: International Energy Agency
SummaryCompanies China agrees to expedited review of wine import tariffsTreasury Wine gets set to rebuild China businessTreasury shares jump 5%Oct 23 (Reuters) - Australia's Treasury Wine Estates (TWE.AX) said on Monday it is well placed to rebuild its business in China, sending its shares up more than 5%, should Beijing's tariffs on Australian wine be removed as signalled by the two countries on the weekend. "Should tariffs be removed, these measures will be implemented sustainably and with the aim of growing the business in China," Treasury Wine, the world's biggest standalone winemaker, said in a statement. Treasury Wine used to make one-third of its profit in China but lost most of that business when Beijing imposed tariffs on Australian wine in 2021, after Canberra called for an inquiry into the origins of COVID-19. "If the tariffs are removed, we see this as a significant positive for the Australian wine export industry and specifically Treasury Wine," Goldman Sachs analysts said in a research note. Measures for reviving its China business would include shifting a portion of Penfolds Luxury from other markets back to China and rebuilding distribution for the Penfolds Australian entry-level luxury portfolios, the company said.
Persons: Treasury Wine, Goldman Sachs, Archishma Iyer, Lisa Shumaker, Diane Craft, Sonali Paul Organizations: Treasury Wine, Treasury, Wine Estates, Sunday China, Thomson Locations: China, Beijing, Canberra, Bengaluru
Oct 23 (Reuters) - Australia's Treasury Wine Estates (TWE.AX) said on Monday it is well placed to rebuild its business in China, should tariffs by China of the country's wine be removed, as signalled by the Australian government on Sunday. The Australian government, which is currently rebuilding its economic ties with Asia's largest economy, had said that an expedited review of tariffs on Australian wine into China will commence and is expected to take up to five months. "Should tariffs be removed, these measures will be implemented sustainably and with the aim of growing the business in China," the company said in a statement. Some of the measures for Treasury Wine to build its China business include a re-allocation of a portion of Penfolds Luxury from other global markets back to China and to re-build its distribution for the Penfolds Australian entry-level luxury portfolios. The world's biggest standalone winemaker used to derive a third of its profits from China, before anti-dumping and subsidy tariffs of up to 212% were imposed on Australian wine in late 2020.
Persons: Archishma Iyer, Lisa Shumaker, Diane Craft Organizations: Wine Estates, Treasury Wine, Treasury, Thomson Locations: China, California, Australia, Bengaluru
Posco, which invests through those funds, will work with EnergyX to help its technology reach commercial production, the companies said. The companies declined to say how much of the EnergyX Series B that the consortium is funding. Reuters reported in April that the EnergyX Series B is being led by General Motors (GM.N). Allkem (AKE.AX), Livent (LTHM.N) and others produce lithium nearby. In addition to working with Posco, EnergyX is looking for Argentine brine deposits to purchase, Egan said, though he declined to be more specific.
Persons: Kim Hong, EnergyX, Jaeho Rhee, Posco's Sal, Teague Egan, Posco, Egan, China's CATL, Ernest Scheyder, Stephen Coates Organizations: REUTERS, South, Posco Holdings, EnergyX, Elohim Partners, IMM Investment, Reuters, General Motors, EnergyX's, GM, Thomson Locations: Seoul, South Korea, KS, Argentina, Oro, Argentina's Salta Province, Posco's, Posco, Chile, Bolivia, South
“Is It Good Enough to Fool My Gallerist?” David Salle, one of America’s most thoughtful painters, hoped an A.I. “We are sending the machine to art school,” Salle quipped, before expounding on the principles of light, shadow, depth and volume that good painting requires. Safe to say that nobody would mistake this image for a Salle painting. Salle’s style has changed over the years, which made capturing his essence a little more challenging for an algorithm. Put through the blender of a machine, Salle’s art becomes a remix: a pastiche of pastiches.
Persons: ” David Salle, David Salle, ” Salle, wisps, , , Justin Kaneps, Danika Laszuk, Grant Davis, Ben Lerner, , David Salle ”, Hillary Clinton doppelgänger, Edward Hopper … …, Giorgio de Chirico, Bernini, Salle, Salle’s, Sarah French, ” Davis, David, John Baldessari, Peter Arno, Richard Prince, Cindy Sherman, Alex Katz, Katz, Jackson Pollock, Davis, … …, , tutus, Barbara Gladstone, Arno, shrugged Organizations: The New York Times, New York Times, Whitney Museum of American Art, Betaworks, ” Salle, California Institute of, Arts, New Yorker, Salle Locations: ” Salle, , Seoul
Interest in the teaching profession among high school seniors and college freshman has fallen 50 percent since the 1990s and 38 percent since 2010, reaching the lowest level in the last 50 years. It’s important to note that teacher shortages are not uniformly spread across schools, districts or states. So what can be done to help get more teachers into the profession and keep them there? Cutting the costs of a teaching degree is one lever to pull, whether that’s through student loan forgiveness or college scholarships. reported that when adjusted for inflation, “the average salary of teachers has actually declined by an estimated 6.4 percent, or $3,644, over the past decade.”
Persons: Matthew Kraft of Brown, Melissa Arnold Lyon, Kraft, Dorinda Carter Andrews, , ” Carter Andrews, M.S.U, Organizations: Annenberg Institute, School Reform, Brown University, University, Albany, Michigan State University, National Education Association Locations: Colorado, Washington State
He discovered AI using Dall-E in 2021 and later became enthralled by ChatGPT and other AI tools. By selling AI products and using AI tools, Winfield made $2.7 million in the last 6 months. I no longer had to manage the agency and had more time on my hands to explore AI tools. AdvertisementAdvertisementWe earn revenue by teaching people how to use AI tools, but we also use AI tools to maximize our revenue. Otherwise, all the new AI tools can become just shiny objects.
Persons: Chris Winfield, ChatGPT, Winfield, I'd, Jasper, Copy.AI, Jen Gottlieb, Dall, Jen, you've, upermeme.AI, Supermeme, WooSender, we've, We've Organizations: Service, Super Connector Media, Media, Facebook, Super Locations: Wall, Silicon
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