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☆ What's driving this multiday rally, plus Jim Cramer's quick takes on 4 stocks
▼ + stars: | 2024-05-06 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Stock gains continue: The market is higher on Monday, extending its gains over the past three sessions to nearly 3%. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Jerome Powell, overbought, Jim Cramer's, Jim, Mellody Hobson, Howard Schultz, Laxman Narasimhan, Eli Lilly, Amgen, Lilly, Christian Organizations: CNBC, Stock, Starbucks, Worldwide Developers Conference, VisionPro, Nvidia, pharma, FDA, Simon Property Group, Club, Rockwell Automation, Jim Cramer's Charitable, Apple, Getty Locations: WWDC, Hamburg, Germany

☆ A nutritionist who cut down on ultra-processed foods shares his dinners before making the change, and what he eats now
▼ + stars: | 2024-04-15 | by ( Kim Schewitz | ) www.businessinsider.com time to read: +1 min

Ultra-processed foods have been linked to a range of health problems. Nutritionist Rob Hobson eats as few UPFs as possible by cooking from scratch. AdvertisementThe evidence that ultra-processed foods are bad for us is growing. That's why over the past year, nutritionist Rob Hobson has removed UPFs from his diet as much as possible. They usually have a long shelf life, come in highly marketed packaging, and are made to be ultra-palatable, Hobson told Business Insider.

Persons: Rob Hobson, —, Hobson Organizations: Service, Research, Business Locations: UPFs

☆ Millennials aren't giving up on having a home they love
▼ + stars: | 2024-04-13 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com time to read: +5 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . From the home shortage to having higher debt compared to their parents during the same stage of life, it hasn't been easy. AdvertisementBut millennials, the eldest of the group being in their early 40s, aren't giving up. Still, while some millennials are spending seven figures buying and renovating their homes, others are giving up on homeownership completely. Why Masters merch is so coveted.

Persons: —, let's, Alyssa Powell, millennials, homeownership, they're, Brigette Muller, Kinga Krzeminska, you've, Mikel Jaso, It's, Christian Petersen, merch, Rob Hobson, Rob Hobson Skip, Hobson, bagels, Tyler Le, Patti Stanger, Robert Downey Jr, Brandy Hellville, Kate Taylor, Joi, Marie McKenzie, Jordan Parker Erb, Dan DeFrancesco, Lisa Ryan Organizations: Business, Service, HGTV, EU, Getty Locations: Brooklyn, Italy, Swiss, New York

☆ A nutritionist who cut down on ultra-processed foods shares what he used to eat for lunch and what he eats now
▼ + stars: | 2024-04-08 | by ( Kim Schewitz | ) www.businessinsider.com time to read: +4 min

A diet high in ultra-processed foods has been linked to a range of health concernsNutritionist Rob Hobson eats as few UPFs as possible, focusing on whole foods where he can. AdvertisementA nutritionist who limits ultra-processed foods in his diet as much as possible, and wrote a book on how others can do the same, shared what he used to eat for lunch versus what he has now. Rob Hobson, a UK-based nutritionist, cut down on ultra-processed foods about a year ago after learning how many everyday items fell into this category and the potential health risks they could pose. Advertisement"I don't normally eat processed meat, but it's the easiest thing to grab if you're working in an office," he said. But it's important to note that studies have only identified a link and can't confirm that processed meat causes these illnesses.

Persons: Rob Hobson, —, hasn't, Hobson, it's, I'm Organizations: Service, Northeastern University's Network Science Institute Locations: UPFs

☆ A nutritionist who cut down on ultra-processed foods shares his 5 go-to grocery store snacks
▼ + stars: | 2024-03-25 | by ( Kim Schewitz | ) www.businessinsider.com time to read: +3 min

But there are minimally processed, healthier snacks at the store if you know what to look for, he said. Experts don't fully understand why processed foods are bad for our health, but the evidence suggesting that they are continues to grow. He shared the minimally processed snacks he picks up from the store when he's hungry and in a rush with BI. Hummus and cruditésAnother healthy snack option is hummus paired with some chopped vegetables, such as carrot sticks. You can't find a less processed snack than that.

Persons: —, Rob Hobson, Hobson, dietitian Taylor Grasso Organizations: Service, Business

☆ A nutritionist who cut down on ultra-processed foods shares what he used to eat for breakfast and what he has now
▼ + stars: | 2024-03-02 | by ( Kim Schewitz | ) www.businessinsider.com time to read: +4 min

Ultra-processed foods have been linked to a range of health problems. Nutritionist Rob Hobson eats as few UPFs as possible by cooking from scratch. Although there isn't a set definition of UPFs, Hobson avoids foods that are manufactured using five or more ingredients, many of which you wouldn't find in a regular kitchen. AdvertisementThere are plenty of nutrient-dense UPFs, such as store-bought hummus, that you don't need to cut out simply because they're ultra-processed. "Not that that's necessarily bad, but if you're trying to reduce your intake of ultra-processed foods, then trying to get stuff as natural as possible is the key," he said.

Persons: Rob Hobson, —, Hobson Organizations: Service Locations: UPFs

☆ The NFL is gearing up to change team ownership rules in what could be a massive win for Wall Street
▼ + stars: | 2024-02-29 | by ( Tiara White | ) www.businessinsider.com time to read: +9 min

Team owners will meet at the annual league meeting in March to discuss private equity. The investment ownership model is favored in the NBA, MLB and NHL— but not in the NFL. So, what will a rule change mean for institutional investors and their Wall Street brokers, as well as owners and sports fans? Experts also think NFL team owners' "wealth would increase drastically," said Rotthoff— due to the considerable profits they've already made from team valuations in the past decade. Wall Street investment banks could also benefit in their role as advisors to wealthy investors and sports teams, including helping to connect buyers with sellers.

Persons: —, Josh Harris, Mark Patricof, Carrie Potter, Mellody Hobson, Condoleezza Rice, Sir Lewis Hamilton, Kurt Rotthoff, Dwayne Wade, Venus Williams, Eric Thomas, Gil Fried, Rotthoff, Rob Gronkowski, Spencer Platt, Goldman Sachs, Thomson, Taylor Swift, Jamie Squire, Potter, Fried Organizations: NBA, MLB, NHL, NFL, Service, Silicon, Forbes, The, Patricof, Rice, Denver Broncos, Seton Hall, Wall, Kansas City Chiefs, West, Sport Finance, Sports, Group, Wall Street, Chiefs, Dolphins, Getty Locations: The Washington, Crestview, United States, Orlando , Florida, West Florida

DOHA, Qatar (AP) — With some of America's biggest stars deciding to stay home, Claire Curzan and Hunter Armstrong claimed the spotlight at the World Aquatics Championships on Tuesday. Curzan won gold in the women's 100-meter backstroke at the Aspire Dome, while Armstrong followed just a few minutes later with a victory in the men's 100 back. The 19-year-old Curzan, who competes at the University of Virginia, claimed the first individual world title of her burgeoning career. After settling for bronze in the 100 back at the last two world championships, the Ohio native now has a gold. Hobson, part of a scaled-back team for these world championships, gave himself a big boost with the Paris Olympics just five months away.

Persons: Claire Curzan, Hunter Armstrong, Curzan, Armstrong, Simona Quadarella, Italy romped, Hwang Sun, Kaylee McKeown, Regan Smith, Iona Anderson, Canada's Ingrid Wilm, ” Curzan, ” Armstrong, “, Spain’s Hugo Gonzalez, Gonzalez, Ryan Murphy, Quadarella, Katie Ledecky, Ledecky, Li Bingjie, Isabel Gose, Hwang, Luke Hobson, Danas Rapsys, Hobson, ”, Kim Woo Organizations: University of Virginia, Paris, Cal, Doha, Ledecky, Olympic, Paris Olympics, University of Texas Locations: DOHA, Qatar, U.S, Doha, Italy, South Korea, Fukuoka, Ohio, Paris, Quadarella, China, Germany, Nevada

☆ Las Vegas hopes to hit the jackpot with the Super Bowl
▼ + stars: | 2024-02-10 | by ( Alicia Wallace | ) edition.cnn.com time to read: +10 min

CNN —When Super Bowl Sunday rolls around each year — whether it’s in Miami, New Orleans, Los Angeles or Minneapolis — Las Vegas still draws the crowds. It took years — and a Supreme Court ruling legalizing sports betting — for the National Football League to view Las Vegas in a different light. “We’re sold out, have been for the last month,” said Paul Hobson, general manager of the Sahara Las Vegas hotel-casino. “Las Vegas has a lot of people going there for Super Bowl weekend anyway,” Stephenson said. Additionally, the visitors it attracts spend a whole lot more than the ones who would show up on your typical Super Bowl weekend, Hill said.

Persons: they’ve, Steve Hill, ” Hill, “, Hill, We’re, ”, Paul Hobson, It’s, Aaron J, Thornton, famer Michael Irvin, ” Hobson, Noel Bowman, you’re, ” It’s, Bowman’s, “ We’ve, Vince Lombardi, Ethan Miller, Frank Stephenson, ” Stephenson, Kirby Lee, “ We’re, “ That’s, Winston Fisher, David Farris, Café Lola, George Kittle, Travis Kelce, Lin Jerome, Lola, Alexandra Lourdes, “ It’s, Felicia Parker, she’s, Parker, it’s, Harry Reid Organizations: CNN, Minneapolis —, Football, Super, Las Vegas Convention, Visitors Authority, Las Vegas, National Football League, Playmakers Party, FHM, famer, NFL, Sunday, Visitors, Las, Super Bowl, Priceline, Berry College, of Sports Economics, USA, Reuters, Bowl, Business Connect, ”, Harry, Harry Reid International Airport Locations: it’s, Miami , New Orleans, Los Angeles, Minneapolis, Vegas, Sin City, Las Vegas, Sahara, Mandalay Bay, Mount Berry , Georgia

☆ Australia Records Its 8th Warmest Year as Climate Change Lifts Temperatures
▼ + stars: | 2024-02-07 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +2 min

CANBERRA (Reuters) - Australia experienced its eighth-warmest year in 2023, with the influence of climate change pushing average temperatures almost 1 degree Celsius (1.8 degrees Fahrenheit) above the 1961-1990 average, the weather bureau said on Thursday. Forecasters warn that climate change will make Australia hotter and increase the severity of weather extremes. "Climate change continues to influence Australia's climate," the Bureau of Meteorology said. The national mean temperature was 0.98 C warmer than the 1961–1990 average, with the winter average 1.53 C above the 1961–1990 average, the bureau said. Forecasters expect El Nino to fade and perhaps swing later this year into its opposite, La Nina, which makes wetter weather more likely in Australia.

Persons: El, Nina, Peter Hobson, Christian Schmollinger Organizations: CANBERRA, Meteorology Locations: Australia, 473.70mm, Western Australia, El Nino, South America, Southeast Asia

☆ Mellody Hobson on how standing out presents opportunity
▼ + stars: | 2024-02-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMellody Hobson on how standing out presents opportunityAriel Investments co-CEO & President Mellody Hobson celebrates her black heritage and encourages others to take the opportunity to leave an impression.

Persons: Mellody Hobson, Ariel Investments

☆ Ship Carrying 16,000 Sheep and Cattle Stranded off Australia
▼ + stars: | 2024-01-31 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +3 min

"It's very hard to imagine that that is consistent with the animal welfare standards that Australians expect to be applied to Australian animals." ROUGH WEATHERAustralia is a major exporter of live animals, shipping more than half a million sheep and half a million cattle last year. Most cattle go to Asian markets such as Indonesia and Vietnam but the Middle East is by far the biggest destination for Australian sheep. Israel is a key market, receiving 86,100 sheep worth $6.5 million and 10,848 cattle worth $14 million from Australia in the first three months of last year, trade data show. Australia's Labor government has pledged to outlaw exports of live sheep in coming years but faces angry pushback from farm groups who say this would put people out of work and destroy farming communities.

Persons: Peter Hobson CANBERRA, Yemen's, Josh Wilson, Bassem, Geoff Pearson, Canberra, Peter Hobson, Stephen Coates Organizations: Fremantle, WA Farmers, Reuters, Korkyra Shipping, Labor Locations: Australia, Israel, Africa, Red, Europe, Asia, Indonesia, Vietnam, New Zealand

☆ Licensing to Netflix has become a big business for studios again, but some insiders worry it could backfire
▼ + stars: | 2024-01-29 | by ( Lucia Moses | James Faris | ) www.businessinsider.com time to read: +7 min

Read previewCash-hungry entertainment studios are back in the content licensing game, sending their valuable shows like HBO's "Sex and the City" and Disney's "Grey's Anatomy" back to Netflix. Licensing has historically been a mainstay of entertainment companies, except for a brief period when many hoarded content while they built up their own streaming services. "It's the future," said Dan Cohen, the chief content licensing officer at Paramount. Netflix and other entertainment companies that sought full ownership of content as they built up their streaming services are now becoming more agnostic about it. But, for now, the major entertainment companies don't have much of a choice.

Persons: —, Mike Pears, Pears, Jessica Reif Ehrlich, Dan Cohen, Reif Ehrlich, Mitch Metcalf, Metcalf, Meeka Bondy, Perkins, John Hodulik, Tim Nollen, Netflix's, it's, Nollen Organizations: Service, Netflix, Business, AMC, Apple, Warner Bros . Discovery, Paramount, Bank of America, ABC, NBC, Metcalf Entertainment Intelligence, UBS, CBS, Macquarie, Hulu

☆ A no-protein powder protein shake by a nutritionist who reduced ultra-processed foods in his diet
▼ + stars: | 2024-01-17 | by ( Kim Schewitz | ) www.businessinsider.com time to read: +2 min

Read previewA nutritionist who eats as little ultra-processed food as possible and wrote a book on how others can do the same shared his go-to homemade protein shake recipe. The FDA recommends eating 50g of protein a day as part of a 2,000-calorie diet, and many people use protein bars and shakes to boost their intake. UK-based nutritionist Rob Hobson was among them, and used to eat protein bars in the office every day. Protein bars can also contain additives, as well as high quantities of salt and sugar. Hobson's homemade protein shake contains around 20g of protein and is made without ultra-processed protein powder.

Persons: —, Rob Hobson, Hobson Organizations: Service, Business, FDA

☆ A nutritionist shares 3 ways he's cut down on convenient ultra-processed foods despite being busy
▼ + stars: | 2024-01-16 | by ( Kim Schewitz | ) www.businessinsider.com time to read: +5 min

Ultra-processed foods have been linked to a host of health issues, including cancer and diabetes. Nutritionist Rob Hobson shared three simple ways he's reduced UPFs in his diet as a busy person. AdvertisementFrom foods you might expect, like candy and frozen pizza, to those that we consider healthy choices, such as packaged whole-grain bread, ultra-processed foods are everywhere. Rob Hobson has tried to cut down on ultra-processed foods. "It might just be that you have to pick between two different ultra-processed foods.

Persons: Rob Hobson, —, UPFs, Hobson, you'll, you've Organizations: Service, Getty, UPFs

☆ A nutritionist shares 3 easy ways he's reduced ultra-processed foods in his diet
▼ + stars: | 2024-01-14 | by ( Kim Schewitz | ) www.businessinsider.com time to read: +4 min

Ultra-processed foods contain ingredients you wouldn't find at home — and they're everywhere. The reason processed foods are bad for our health is not yet fully understood, but the evidence that they are continues to grow. AdvertisementAs he delved deeper into the science, Hobson decided to reduce the amount of ultra-processed foods he ate as much as possible. Hobson shared three things that have helped him reduce his processed food intake with BI. AdvertisementSo Hobson cooks some of his meals in batches to make his diet low in premade foods more convenient.

Persons: Rob Hobson, —, There's, Hobson, isn't Organizations: Service Locations: UPFs

Ms. Dettore and Mr. Grozier were each fined several hundred dollars, and she has since left Rankin County. After Mr. McAlpin arrested Mr. Loveday and accused him of consorting with drug dealers, he ordered him to leave town. Before he left Mississippi, Mr. Loveday said, he called Sheriff Bailey personally to warn him about his deputies’ behavior. He called Mr. Loveday a dirty cop and accused him of secretly recording the call. Then, Mr. Loveday said, “He hung up on me.”Jerry Mitchell , Ilyssa Daly , Eric Sagara and Irene Casado Sanchez contributed reporting.

Persons: Robert Grozier, Christian Dedmon, Dettore, Grozier, Hobson, Loveday, McAlpin, ”, Sheriff Bailey, Bailey, “, ” Jerry Mitchell, Ilyssa Daly, Eric Sagara, Irene Casado Sanchez, Kitty Bennett Organizations: Big Local, Stanford University, Pulitzer Center Locations: Rankin County, Mississippi

☆ Australian sheep, cattle prices slump as El Nino scorches pastures
▼ + stars: | 2023-11-29 | by ( Peter Hobson | ) www.reuters.com time to read: +6 min

After three years of plentiful rain and rising livestock numbers, dry weather has withered pastures across Australia. The extreme change in conditions has helped trigger the fastest plunge in cattle and sheep prices in decades, threatening livelihoods in Australia's A$75 billion ($50 billion) red meat and livestock industry. While farmers suffer, falling livestock prices have brought some relief to Australian households hurting from high inflation. Falling U.S. beef production means demand for Australian beef should rise, helping support livestock prices, said Angus Gidley-Baird, an analyst at Rabobank in Sydney. Agricultural consultants Episode 3 estimate that Australian beef processors are reaping their best profits in at least two decades thanks to low local cattle prices and high sale prices in export markets.

Persons: Angus Hobson, Peter Hobson, Angus, Hobson, Stuart Austin, Wilmot, Angus Gidley, Baird, Teys, Mat Larkings, gaunt, haven't, they'll, Sonali Paul Organizations: Livestock, New, REUTERS, Beef, Livestock Australia, Woolworths, Data Monitor, Rabobank, Meat packers, Teys Australia, Farmers, Thomson Locations: Delegate, New South Wales, Australia, Angus Hobson's, Australia's, United States, El Nino, Japan, China, Sydney, Walcha

☆ Australia records driest October since 2002 due to El Nino
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +2 min

In its regular drought report, the Bureau of Meteorology said last month was Australia's driest October since 2002, with rainfall 65% below the 1961–1990 average. It said every part of Australia except the state of Victoria had below-average rainfall and Western Australia state -- by far the biggest grain-exporting region -- saw its driest October on record. After three years of plentiful rain, the El Nino weather phenomenon has brought hot and dry weather to Australia, with September the driest since records began in 1900. "Areas of (rainfall) deficiency have generally expanded and become more severe in south-west Western Australia, south-eastern Queensland, and parts of the Top End in the Northern Territory and far north Queensland. Its long range forecast predicts below-median rainfall through to at least January in northern, western and southern Australia.

Persons: Jill Gralow, Peter Hobson, Michael Perry Organizations: REUTERS, Meteorology, El, Thomson Locations: Moree, Australia, El Nino, Victoria, Western Australia, Queensland, Northern Territory, Tasmania

Overall, China's 2023 imports are likely to reach around 12 million tons, two Singapore-based traders said, topping 2022's record 9.96 million tons, and the avid buying is expected to continue into 2024. read moreBeijing has not provided a crop quality assessment. MORE TO COMEChina's January-September wheat imports jumped 53.6% to 10.17 million metric tons, customs data showed, including 6.4 million tons from Australia and 1.8 million tons from Canada. Chinese wheat purchases have stabilised global wheat prices, one of the Singapore traders said. Given lower output in Australia, traders and analysts said China is likely to import significantly higher volumes of French wheat in the coming months.

Persons: China's, Muyuan, Stefan Meyer, Ma Wenfeng, Price, Rosa Wang, Jeffrey McPike, Naveen Thukral, Dominique Patton, Peter Hobson, Gus Trompiz, Julie Ingwersen, Tony Munroe, Simon Cameron, Moore Organizations: Traders, Russia, Reuters, El, Beijing Orient, Shanghai JC Intelligence Co, U.S, WASDEA Commodities, Thomson Locations: China, SINGAPORE, BEIJING, Chicago, Singapore, Australia, Beijing, Sydney, StoneX, Canada, Indonesia, Japan, North America, U.S, Canberra, Paris

☆ Australia says EU trade deal is likely years away after rejecting terms
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +2 min

The two sides have been negotiating since 2018, with Australia eager to boost agricultural exports by removing EU tariffs and expanding quotas, and Europe likely to gain greater access to Australia's critical minerals industry. "I came to Osaka with the intention to finalise a free trade agreement," Farrell said in a statement. "Negotiations will continue, and I am hopeful that one day we will sign a deal that benefits both Australia and our European friends." Watt said it would be some time before the Australian government and EU leadership would be able to negotiate a deal because of upcoming elections in EU. The EU signed a trade deal with New Zealand last year that lowered tariffs for EU exports including clothing, chemicals and cars, and allowed more New Zealand beef lamb, butter and cheese into the EU.

Persons: Don Farrell, Valdis Dombrovskis, Farrell, Murray Watt, Watt, David Jochinke, Peter Hobson, Gerry Doyle Organizations: CANBERRA, EU, Australian Trade, Australia, ABC Radio, New Zealand, Farmers ' Federation, Thomson Locations: Australia, Europe, Osaka, EU, Australian, New Zealand, Canada, South America, Zealand

☆ Farm groups call on Australia to not sign 'dud' trade deal with EU
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: +2 min

CANBERRA, Oct 23 (Reuters) - Australian farm industry groups on Monday called on the government to not sign a trade deal with the European Union unless it offered much greater market access for Australian agricultural products. Australia, one of the world's biggest exporters of farm goods from wheat and beef to wool and wine, has been negotiating a trade deal with the EU since 2018. "The message from Australian farmers is clear and united: if it's a dud deal, keep the signing pen in your pocket." Farrell said in a statement that he had made it clear that Australia wants a trade agreement with the EU, but not at any cost. While Australia wants access to EU markets for its farm output, much of which is now subject to tariffs and quotas, the EU is likely to gain simplified investment access to Australia's critical minerals industry.

Persons: Don Farrell, Farrell, Fiona Simson, Peter Hobson, Jamie Freed Organizations: CANBERRA, European Union, Trade, EU, National Farmers ' Federation, Livestock Australia, Australia, Reuters, Thomson Locations: Australia, Canberra, Osaka

☆ Australia PM to visit China, taking steps to resolve wine dispute
▼ + stars: | 2023-10-21 | by ( ) www.reuters.com time to read: +3 min

China announced in November 2020 it would impose anti-dumping and countervailing duties of up to 218% on most Australian wine, causing trade to collapse. The measures were part of a barrage of trade restrictions that China imposed after Australia called for an inquiry into the origins of COVID-19. Most of the trade restrictions have been lifted since a change of government in Canberra last year. Aside from wine, China maintains barriers on imports of lobsters and meat from some abattoirs. In 2019, Australia shipped wine worth around $800 million to China, its trade data show.

Persons: Anthony Albanese, Xi Jinping, Li Qiang, Albanese, Xi, Premier Li, Sam McKeith, Peter Hobson, Chizu Nomiyama, Sonali Paul Organizations: SYDNEY, Australian, Australia's, Huawei, Saturday, Trade Organization, China, Thomson Locations: China, Beijing, Shanghai, Canberra, Australia

☆ Australia PM to visit China, reaches deal to resolve WTO wine dispute
▼ + stars: | 2023-10-21 | by ( ) www.reuters.com time to read: +2 min

"Australia and China have agreed we will suspend the dispute on wine in the WTO pending the outcome of this review." The measures were part of a barrage of trade restrictions that China imposed after Australia called for an inquiry into the origins of COVID-19. Most of the trade restrictions have been lifted since a change of government in Canberra last year. Aside from wine, China maintains barriers on imports of lobsters and meat from some abattoirs. In 2019, Australia shipped wine worth around $800 million to China, its trade data show.

Persons: Anthony Albanese, Xi Jinping, Li Qiang, Albanese, Xi, Premier Li, " Albanese, Sam McKeith, Peter Hobson, Chizu Organizations: SYDNEY, Australian, Australia's, Trade Organization, China, Thomson Locations: China, Beijing, Shanghai, Australia, Canberra

Those shipments sometimes accounted for more than half of Chinese malting barley demand, depending on the year. "The return of Australian barley means everyone will be happier," said Miller Meng, brewmaster at Shanghai craft beer bar, The Brew. "Australian malt in the market return prices back on the right track," he said. But in the absence of Australian malting barley, many Chinese craft brewers turned to alternatives such as French or Canadian malt. That meant a perilous thinning of margins and the hope is that Australian imports will reverse this trend, craft brewers told Reuters.

Persons: Miller Meng, brewmaster, Trueman, Yang Zhenglong, Matthew Jimenez, Duvel, Casey, Dominique Patton, Peter Hobson, Edwina Gibbs Organizations: Canberra, EqualOcean International, Reuters, Casey Hall, Thomson Locations: SHANGHAI, BEIJING, China, Shanghai, Tianjin, Mongolia, Ukraine, Australian, Australia, Europe, Saudi Arabia, Beijing, Canberra

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