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Buy China Shares, Sell Firms Lifted by Weak Yen, Says Top Fund
Buy China Shares, Sell Firms Lifted by Weak Yen, Says Top Fund
A top-performing Asia stock picker is pocketing gains in Japanese exporters on bets the yen’s tumble is nearing
2023-10-30 08:55
The curious history of sauvignon blanc – and what to drink if you hate it
The curious history of sauvignon blanc – and what to drink if you hate it
Growing up in the early 2000s-2010s meant the rite of passage into alcohol inevitably involved terrible choices, from alcopops (RIP) to grim beers (Coors) and nasty wine. Mostly white, rarely red, while rosé that both looked and tasted like Ribena was a world away from the delicate pale provencal style we’re so au fait with now. Then as now, the cheaper the better. Location, grape variety, acidity levels – it all meant absolutely nothing. Hell, taste didn’t matter either. Slurp it fast enough and you’d barely notice a slight whiff of paintstripper on the nose or a lingering hint of vinegar on the palate. It was just your (well below) average plonk. The number one important factor was price – swiftly followed by ABV, of course. The rough budget for a bottle was the mighty sum of £3-4. A tenner was a good night out. Remember those days? It was around this time that sauvignon blanc began its world domination. It was the IT wine to buy. Rocking up to your friend’s house with a bottle in tow made you look like you knew something about wine, maybe even had great taste (despite still buying the cheapest bottle possible, of course). It was even better if it was from New Zealand – top points if it came from Marlborough, the top of the South Island, where about 70 per cent of the country’s wine is produced. Love wine but don’t know where to start? The Independent Wine Club features curated cases from small growers and expert advice on how to enjoy wine. Sign up now for free. While Gen Z seem to have broken free of British booze culture altogether, when I was at university, rosé was the go-to pre-drink before a night on the tiles. And lots of it. It’s been off the table ever since. The mere smell of it takes me right back to those heady, alcohol-drenched days. Perhaps it’s just a case of unfortunate timing for my age group – victims of the wine’s popularity surging at the height of early-Noughties boozing culture. But why did sauvignon blanc become so popular 15 years ago? ​​Emily Harmen, wine consultant at Firmdale Hotels and Vina Lupa, says it’s “simply because when people get into wine, they usually like wines that are quite fruity”. Sauvignon blanc offers these fruity notes, as well as freshness. It’s famed for its notes of crisp asparagus, green pepper and often a grassy or herbaceous flavour too. High acidity makes it very dry. The New Zealand sauvignon blanc vines were planted in the Seventies, and its arrival on the British scene a few decades later served as a pointed change in taste from the overly oaked Chardonnays and sickly syrupy rieslings (the latter is now cool again; more drinkable and less sweet) that were popular at the time. Sam Tendall, co-founder of online wine shop Smashed Grapes agrees, and says sauvignon blanc’s prominent rise is owed to consumers wanting “lip-smackingly thirst-quenching drinks… that are naturally high in acidity with tropical fruit flavours”, and wines from Marlborough had that sort of fruitiness people were looking for. It wasn’t just in wine that tastes were changing, either. “This taste shift was mirrored in other drinks such as the boom of gin and flavoured tonics, or tropical IPAs in the beer world, which are all high in acidity and fruity,” Tendall adds. It quickly became Britain’s most popular white wine choice, both in supermarkets and restaurant wine menus, whether that’s by the glass or bottle, or even served as the house wine. Lauren Denyer, an educator at the Wine and Spirit Education Trust (WSET), says that along with New Zealand’s “tropical fruit, such as passion fruit and mango, which many drinkers find very appealing”, it’s also its “lightness which make it easily quaffable”. However popular it may be, it can still divide opinion in the upper echelons of the wine world, especially among the more commercial labels that everyone is familiar with (Oyster Bay, we’re looking at you). Sauvignon blanc grapes originate in France, where the premium wines, Sancerre and Pouilly-Fumé (from the highly regarded French regions of the same names) are still made. These are usually seen as a step up from your average savvy B, despite being made with the same grapes, and not just because they’re more expensive, but because they’re more complex. A lot of the Kiwi sauvignon blanc’s popularity is down to marketing. They do it very, very well to us Brits, who largely bought NZ’s green image (although there’s nothing green about shipping wine to the other side of the world). The price point of New Zealand’s offering also made them appealing. “People probably know the New Zealand sauvignon blanc more as it’s a more accessible price point… wines from the Loire region are more expensive because it’s a more challenging climate to grow wine, so you produce less,” explains Harmen. Its popularity knew no boundaries during the Noughties. So much so that wine makers couldn’t grow enough of the grapes. According to the NZ Winegrowers association’s annual 2020 report, between 2003 and 2015, sauvignon blanc vine planting increased five-fold to keep up with the demand. Although now, as climates warm up around the world leading to more extreme and freak weather, experts think it’s only a matter of time until this changes the wines beyond their signature characteristics. This has seen as recently as February when New Zealand felt the force of cyclone Gabrielle, which saw unprecedented amounts of rain and devastating effects including flooding some vineyards and burying others in silt on the North Island, just ahead of harvesting. In 2021, a harsh frost combined with an early budburst meant the crop yields were down by 30 per cent. The knock-on effect is already being felt, along with the rise in inflation and cost of living crisis, as Tendall says, in the wider market: “Sauvignon blanc is going up in price and big branded pinot grigio has stayed at the value end, so with the cost of living we are seeing a small decline in sauvignon popularity.” The pandemic has also contributed to a change in tastes and buying habits. Some people stopped drinking altogether, while others used the time to nurture their passion for it. As shopping in person became harder, subscription boxes and independent online sellers introduced lesser known varieties to the market. Dayner explains: “Prompted by the pandemic, drinking the same wines regularly became less desirable”, and instead, people were “increasingly willing to try a wider range of wines and sales of wine for home consumption increased hugely as drinkers looked to mix things up a little bit”. Harman doesn’t see any indication that the guests of the hotels she consults for (which are mostly high end including London’s Ham Yard Hotel and The Soho Hotel) are changing their mind on sauvignon blanc. However, she deals in artisan, handcrafted and mostly organic wines, rather than the commercial wines we buy in supermarkets for less than £10. Instead, what Harman is seeing more of is some producers experimenting with skin contact styles, and more natural varieties, a style which sauvignon blanc grapes lend themselves well to. “A producer in Australia called Tom Shobbrook makes a wine called giallo (yellow in Italian) which is one of the benchmark examples of the more experimental natural wines,” she explains. Skin contact sauvignon blanc feels a world away from my entry level days into savvy B, which were so atrocious that I steered clear of white wine for many years. It was the reappearance of viognier on menus that enticed me back – in particular an organic viognier from South Australia’s Yalumba vineyard. But if you really can’t hack it, I asked the experts for their advice, and these are the wines to drink if you don’t like Sauvignon blanc: 1. Verdejo All three experts mentioned this wine. “From Spain’s Rueda region, it’s the country’s favourite white wine, loved for its brisk acidity and vibrant fruit. It’s now starting to become more popular in the UK market,” says Denyer. 2. Picpoul For something more mineral, that’s lighter and fresh, Harmen suggests Picpoul, which is quickly growing in popularity again. Denyer adds that “although grown somewhere that can get extremely hot, the wines are super-fresh with apple, lemon and hints of peach on the palate”. 3. Bacchus Denyer says: “It’s a grape variety that is originally a German cross. It has all the appeal of Sauvignon Blanc and a plus point is that the wine does not have to travel far. You can even get sparkling versions, great for summer picnics and gatherings.” 4. Albariño “Also from Spain, the main grape in Vinho Verde and is a cracking patio wine, jam-packed with the lemon sherbert refreshment sauvignon blanc drinkers love,” says Tendall. 5. Austrian Grüner Veltliner “Forgot its old reputation of tasting like antifreeze, it’s full of those classic gooseberry flavours long associated with top Marlborough varieties,” says Tendall. 6. Trebianno “This Italian white has delicate aromatics with white flowers, it’s quite savoury with more peachy fruit flavours,” says Harmen. For more white wine inspiration that’s not sauvignon blanc read our review of the best dry whites here Read More The Independent Wine Club best cases 2023: Wine from small growers Win a mixed wine case, perfect for pairing with food Uncorked: How do I keep my wine cool at a picnic? The Independent Wine Club best cases 2023: Wine from small growers Win a mixed wine case, perfect for pairing with food Uncorked: How do I keep my wine cool at a picnic?
2023-07-01 19:18
Sophie Turner learns about Joe Jonas divorce filing from media, now seeks 'immediate return of daughters'
Sophie Turner learns about Joe Jonas divorce filing from media, now seeks 'immediate return of daughters'
Sophie Turner filed a bombshell lawsuit against her estranged husband Joe Jonas
2023-09-22 02:21
German Economy Shrank in Third Quarter Amid Recession Threat
German Economy Shrank in Third Quarter Amid Recession Threat
German output shrank in the third quarter — raising the risk that Europe’s largest economy is headed for
2023-10-30 17:59
Los Angeles criticized for its handling of homelessness after 16 homeless people escape freeway fire
Los Angeles criticized for its handling of homelessness after 16 homeless people escape freeway fire
A fire that erupted in storage yards underneath a Los Angeles freeway has renewed attention on the city’s inability to protect the thousands of unhoused residents living in such perilous locations
2023-11-16 13:46
Morgan State University shooting: Five shot at campus while gunman still at large after 'opening fire into crowd'
Morgan State University shooting: Five shot at campus while gunman still at large after 'opening fire into crowd'
Gunfire broke out at Morgan State University in Baltimore on Tuesday night, injuring four men and one woman
2023-10-04 16:47
Khloe and Kim Kardashian treat their daughters to special girls' day at Barbie World, fans say 'Chicago is spitting image of Kim'
Khloe and Kim Kardashian treat their daughters to special girls' day at Barbie World, fans say 'Chicago is spitting image of Kim'
'The Kardashian' fans could not help but draw attention to how much the adorable young girls resembled their mothers
2023-07-04 14:59
Russia-Ukraine war – live: Putin signs record boost to military spending amid huge losses on battlefield
Russia-Ukraine war – live: Putin signs record boost to military spending amid huge losses on battlefield
Vladimir Putin has signed a record national budget aimed at boosting the military amid staggering losses on the battlefield. After the budget was passed by the lower house of the parliament, speaker Vyacheslav Volodin said it was developed specifically to fund the military and to mitigate the impact of international sanctions imposed after Russia sent troops into Ukraine in February 2022. Part of the Russian budget is secret as the Kremlin tries to conceal its military plans and sidestep scrutiny of its operation in Ukraine. But independent business journalists Farida Rustamova and Maksim Tovkaylo said this month that around 39 per cent of all federal spending will go towards defence and law enforcement in 2024. It comes as data published by the UK Ministry of Defence, provided by Ukraine’s General Staff, showed the number of Russians casualties had risen to an average 931 a day this month. UK Defence Secretary Grant Shapps said: “Putin is stepping up his invasion - senselessly sending more Russians to die than at any time since the war began.” Read More Russian forces encircle Ukraine’s Avdiivka and ‘ready to storm city’ after months-long offensive Russian supermarkets are full of fruit, vegetables, cheese and meat. But shoppers can’t afford any of it A Dutch museum has sent Crimean treasures to Kyiv after a legal tug-of-war between Russia, Ukraine Ukraine and the Western Balkans top Blinken agenda for NATO foreign ministers meeting in Brussels
2023-11-28 13:58
Irish police seize €500,000 worth of cannabis in Dublin
Irish police seize €500,000 worth of cannabis in Dublin
A man in his 40s and woman 30s have been arrested and are currently in custody.
2023-09-11 04:46
Democrats and Republicans say they want to help Afghan veterans. So why haven’t they done anything?
Democrats and Republicans say they want to help Afghan veterans. So why haven’t they done anything?
The collapse of Afghanistan’s government at the hands of the Taliban forced thousands of the nation’s people to flee their homeland, including many of those who served as translators and other aides to US military forces. But in the more than a year and a half since, the United States has failed to offer immigration assistance to most Afghans who helped American forces, which would allow them to stay in the country on a more permanent basis. According to International Rescue Committee, the US admitted 76,000 Afghans as part of Operation Allies Welcome. And as the global war on terror has stretched on for more than two decades, Afghans have aided service members on both sides of the Atlantic Ocean – including the United States’ closest ally. In the United Kingdom, the government pledged to allow Afghans who assisted British forces to build a life in safety and security. Instead, many who have made the dangerous trip from Afghanistan to Britain have been told they face deportation. One pilot who served with distinction fled Afghanistan even as his wife and young family stayed behind, arriving in Britain in a small boat because there was no safe and legal route to escape the Taliban, since British and Nato forces left him and his squadron behind. Now he has been told by UK authorities that he faces being sent to Rwanda under a controversial immigration policy. “Everyone knew that one day the American and British armies would leave as they had supported us for a long time. But when the withdrawal came, our territorial leaders failed us,” the pilot, who is not named in order to protect his family, told The Independent earlier this year. The Independent is campaigning for the British government to give a home to those who fought with the UK against the Taliban. It has been backed by politicians of all parties, as well as religious leaders, senior military figures and celebrities including Sting and director Guy Ritchie. But the United Kingdom is not alone in its failure to fulfill the pledges made to those who assisted the war efforts. Despite broad bipartisan support in both houses of US Congress and from President Joe Biden, Congress has failed to live up to its commitments to Afghans despite supportive rhetoric. Most Afghans who came to the United States after the withdrawal of US military forces from the country, arrived on what is called humanitarian parole, wherein people who may be otherwise ineligible for admission into the United States are allowed to enter for humanitarian reasons. “And those folks have two years of parole, which is about to run out,” Shaun VanDiver, the founder of #AfghanEvac and a US Navy veteran, told The Independent. “The issue with the parolees is that for every other population, where there's been a big influx like this, Congress has passed Adjustment of Status.” Adjustment of Status would allow people who were given humanitarian parole to adjust their status to that of a permanent resident. In the months following the collapse of the Afghan government and more Afghans entering the United States, a bipartisan group led by Democratic Senator Amy Klobuchar of Minnesota sponsored the Afghan Adjustment Act. “It's strongly supported by veterans it should be must pass,” Senator Richard Blumenthal, a Democrat from Connecticut, told The Independent. “But there are all kinds of time pressures, a lot of competing issues.” Those competing interests meant the bill was not included in must-pass legislation like last year’s omnibus spending bill, the National Defense Authorization Act, and an aid package to Ukraine, which means that many of the people given humanitarian parole risk losing their status by August, which marks two years since the Taliban took control in Afghanistan. Democratic Representative Alexandria Ocasio-Cortez of New York told The Independent that the United States has had a double standard when it comes to Afghanistan and other nations enduring conflict. “I feel like we saw even in the outbreak of Ukraine, the difference between how things were expedited depending on country of origin,” she said. “And I believe that translators and many folks ... we should be really filling up the visa allotments that we have, and we have not yet.” Mr VanDiver explained that the Trump administration weakened parts of the immigration system like Special Immigrant Visas and created massive backlogs by weakening the resettlement programmes. “The impact that Afghans are feeling right now can be attributed to Stephen Miller and Donald Trump, the way that they purposely deconstructed the system for welcoming vulnerable people into our country and cares for their inaction,” he said. The legislation would need to pass through the judiciary committees in the US House and Senate. Senator Chuck Grassley, who last year served as the top Republican on the Senate Judiciary Committee, opposed the legislation. Mr Grassley told The Independent that at the time he led the GOP on the committee, he was speaking for the concerns of other Republican senators. “I think it would be based on this issue of vetting,” he said. “I think that's very important. You know, when we have 98 people across the border that haven't been vetted and they're on the terrorist watch list, I think we have to be very careful.” Since then, Senator Lindsey Graham of South Carolina, one of the co-sponsors of the Afghan Adjustment Act, has stepped up to ranking member of the Senate Judiciary Committee. He said lawmakers may act on the Afghan Adjustment Act towards the end of the year when Congress must fund the government. “I think it’s important we keep our commitment to those who helped us in Afghanistan,” Mr Graham told The Independent, adding that he is not concerned about missing the August deadline. “I just want to try to rally the House and Senate around the concept that we need to do better, and that's very important,” he said. Since 2022, Republicans have taken control of the House of Representatives, making it much harder to pass the legislation in the era of hyper-polarised government. While Mr Graham is the top Republican on the Senate Judiciary Committee, Representative Jim Jordan, a hardliner on immigration, now leads the House Judiciary Committee, making it even tougher for the bill to pass. “But that's okay,” Mr VanDiver said. “So long as we could get (House Majority Leader Steve) Scalise and (House Speaker Kevin) McCarthy to be supportive, then we could do it.” Until then, Mr VanDiver has helped launch an Afghanistan Community Ambassadors Program so any Afghan in the United States can sign up and get direct information about immigration. “It's meant to ensure that every Afghan here has access to the same information,” he said. “So it's not like you have to know somebody.” Read More Britain’s faith leaders condemn ‘heartless’ threat to send Afghan war hero to Rwanda Our government is blinded by an obsession that is morally repugnant Minister roasted over claim ‘hundreds of thousands’ of Afghans want asylum in UK Minister roasted over claim ‘hundreds of thousands’ of Afghans want asylum in UK Rail strikes could see injured veterans miss ‘vital’ reunion G7 urges China to press Russia to end war in Ukraine, respect Taiwan's status, fair trade rules
2023-05-20 17:23
Senate panel subpoenas CEOs of Discord, Snap and X to testify about children's safety online
Senate panel subpoenas CEOs of Discord, Snap and X to testify about children's safety online
A Senate committee has issued bipartisan subpoenas to the CEOs of Discord, Snap and X, demanding that the heads of the three companies testify at a December hearing on protecting children online
2023-11-21 06:50
Phil Nevin won't return as Angels' manager after 2nd losing season
Phil Nevin won't return as Angels' manager after 2nd losing season
Phil Nevin will not return as the Los Angeles Angels’ manager next season
2023-10-03 07:27