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...from tumbling demand. Domestic wine consumption--which makes up 70% of the industry's sales--has dropped sharply in recent years, owing to changing health attitudes, a crackdown on drunk driving and restrictions on advertising. In the meantime, wines from Australia, California and Chile have grabbed more of the export market, offering lower prices along with consumer-friendly tastes and labels. French winemakers and grape growers got some help last month when the country's agriculture department approved $91 million in financial aid. But as Allan Sichel, president of a federation of Bordeaux negociants, admits, "It's not going...

Author: /time Magazine | Title: Too Much of a Good Thing | 2/20/2005 | See Source »

...evidence was rushed to officials in Beijing, who have tolerated Pyongyang's denials that it has a UF6 processing facility. The U.S. intelligence made that view seem dangerously naive. If North Korea was producing enough UF6 to export to Libya, it surely had enough for its weapons labs at home. There is some evidence that North Korea sold its UF6 not directly to Libya but via the black-market bazaar of Pakistani scientist A.Q. Khan. That means that North Korea may not have known where its UF6 was going when it sold it, says Gordon Flake, a North Korea analyst...

Author: /time Magazine | Title: What Does North Korea Want? | 2/13/2005 | See Source »

...People are now a more valuable export for Fiji than sugar or clothing - and both those industries are in decline. The sums migrant workers send home have surged by 28% in two years, to $179 million, Waqa says. Half of that total now comes from Iraq - "and it's growing." The effects can be seen all over Fiji, as corrugated-iron huts give way to concrete houses, often with new cars outside. Cinavilakeba and his wife Ceriana put a deposit on a house before their wedding. "His job will help us pay for it," she says. Fijian soldiers have been...

Author: /time Magazine | Title: Idle Hands for Export | 2/1/2005 | See Source »

...agents arrested an Irish businessman they had spent a week tailing all over California's Silicon Valley, from the offices of two electronics manufacturers in Sunnyvale to a hotel in Mountain View and down a quiet cul-de-sac to a suburban house in San Jose. The technology exporter, according to court papers, had purchased sophisticated computer components in the U.S. to send to Russia through Ireland. He now stands to be charged in mid-February with "unlawful export of 'defense articles.'" U.S. officials point to this little-noticed case as one manifestation of a troubling reality: although the cold...

Author: /time Magazine | Title: The Russians Are Coming | 1/30/2005 | See Source »

...ready themselves for the Jan. 1 lifting of quotas on textile and clothing imports. So why is Brussels still jittery? Showing off its caring side, the E.U. fears a surge in Chinese imports could hurt textile suppliers in small countries like Bangladesh and Mauritius, which rely heavily on exports. With China's share of the world's $400 billion clothing and textile export...

Author: /time Magazine | Title: Bizwatch | 12/19/2004 | See Source »

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