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☆ Islay: The wild remote island at the heart of a billion-dollar industry
▼ + stars: | 2023-06-16 | by ( Nell Lewis | ) edition.cnn.com time to read: +9 min

Islay’s single malt is known for its salty and smoky flavors, that transport you to the wild and windswept island. Part of the reason is that when it comes to an Islay single malt, the place and the taste are so deeply intertwined. The Glenmorangie CompanyIslay’s whisky industry has not always been a boon for the island. Islay has a population of around 3,000 people -- most are connected to the whisky industry. “Traditions are things that are handed down from one generation to another.”Everybody’s connected to the whisky industry.” Islay Heads, general manager at Kilchoman DistilleryLike most people on Islay, Heads has strong links to the spirit.

Persons: Distillery Jackie Thomson, ”, Thompson, “, Jackie Thomson, Louis Vuitton Moët Hennessy, Kilchoman, Ardnahoe, Port Ellen, NELL LEWIS, Anthony Wills, Wills, Kilchoman’s, Blair Bowman, Bowman, ’, Islay Organizations: CNN, Distillery, Tokyo Philharmonic Orchestra, Whisky Association, Asia –, Diageo, Louis, Islay, Kilchoman, Tourism Locations: Islay, Scotland’s, Kennacraig, Glasgow, Ardbeg, Australia, Ukraine, Netherlands, Germany, Denmark, Taiwan, Asia, Port, Scotland, Aberdeen Angus, Kilchoman, Machir

☆ US stocks are in the firing line if China’s economy stalls further
▼ + stars: | 2023-06-08 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

Recent data shows that China is also contending with worse-than-expected consumer spending, slowing manufacturing and weak home sales. What it means for markets: US-based companies doing business in China stand to lose if the economy continues on a downward trajectory. Qualcomm (QCOM), with a 67% exposure rate to China, issued disappointing forward guidance during earnings last month, citing China’s slow recovery. JD.com (JD), one of the largest Chinese companies trading in the United States, has fallen by nearly 36% this year. The air purifier market is poised to grow as climate change increases air pollution and exacerbates breathing difficulties.

Persons: That’s, China —, Capvision, China Nicholas Burns, ”, Goldman Sachs, Dow, JD.com, Morgan Stanley, Goldman, Ayaz Ebrahim, CARR, Johnson, Ivan Menezes, Diageo, Menezes ’, Menezes, King Charles III, Debra Crew, Johnnie Walker, Ivan, Javier Ferrán, “ Ivan Organizations: CNN Business, Bell, New York CNN, International Monetary Fund, Factories, Bain, Group, Micron Technology, Nasdaq, Apple, Intel, Starbucks, Nike, Bank of America, Las, Qualcomm, Nvidia, Wynn Resorts, WYNN, MGM Resorts, MGM, China . Companies, Dragon, Goldman Sachs Group, Nomura, Barclays, JPMorgan, Asia Pacific, Bloomberg, Google, Carrier Global, Johnson Controls, Economic Co, Diageo, India, Business, ”, Whisky Association, Northwestern University’s Kellogg School of Management Locations: New York, China, Washington, Beijing, United States, Hong Kong, Dragon China, Canada, Pune, India

☆ Explainer: Why is Britain joining a trans-Pacific trade pact?
▼ + stars: | 2023-03-31 | by ( Alistair Smout | ) www.reuters.com time to read: +4 min

Here are some details of the agreement as Britain seeks post-Brexit trade wins in geographically distant but faster growing economies. HOW MUCH DOES BRITAIN TRADE WITH CPTPP? Britain says that exports to CPTPP countries were worth 60.5 billion pounds in the twelve months to end-Sept. 2022. David Henig, Director, the UK Trade Policy Project, said that only Malaysia and Brunei weren't covered by existing FTAs, and they only account for 0.33% of UK trade. GEOPOLITICAL FACTORSWhile the long-term benefit for Britain's economy is set to be modest, Britain has other reasons for joining the bloc.

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