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Lettermen co-founder Tony Butala dies at 87
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Byron Donalds Elected Florida Governor, Becoming First Black Republican in Role
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Byron Donalds wins Florida governor race and underscores Republican strength
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James Talarico defeats Ken Paxton in historic Texas Senate result
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Commentator predicts possible US strike on Iran as regional tensions rise
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Goa plans relationship-readiness course amid concern over divorces
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مستثمرون ومنظمات دولية يطالبون باتفاق عالمي لوقف تطوير الأسلحة ذاتية التشغيل
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Manchester United climbs standings after 3-2 Champions League win over Roma
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الهند تطبق هيكل تأمين المركبات الرباعي في ديسمبر المقبل
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India introduces four-layer motor insurance choice from December 15
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دمج القطاع الصحي الألماني في استراتيجية الدفاع الشامل
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Mutual fund returns show shifting leaders across market-cap categories
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BHEL wins Adani Power projects valued at up to ₹28,000 crore
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IndiGo holds talks with Embraer over potential order for 100 aircraft
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إيلون ماسك يسخر من هزيمة الجمهوريين بعد إنفاقه مئات الملايين
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India seeks threefold increase in coal stocks to prevent summer power shortages
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Indian companies report mixed second-quarter results on November 4
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Indus Towers expands solar-powered network to 50,000 telecom sites
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KKR secures Indian regulator approval for Gentari Renewables investment
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Equitas Small Finance Bank rebounds after naming interim chief executive
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Bharti Airtel revenue expected to grow at double-digit pace in second quarter
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اعتقال مواطن ألباني في إيطاليا لانتهاكه حظر الترحيل
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Titan quarterly profit seen rising as jewellery business drives growth
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Indian crude-sensitive shares gain after 13% oil-price decline
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Kuwait finance minister holds economic cooperation talks at COMCEC
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رينو 5 الكهربائية: اختبار مدى 1000 كيلومتر من نيس إلى باريس
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Stocks and dollar fall as Democratic election gains reshape markets
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Abdul El-Sayed declares victory in Michigan Senate contest
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Kuwait marks key events and anniversaries from national history
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Democrats capture US Congress in sweeping midterm victory
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Trump congratulates Democrats and signals willingness to cooperate
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Manchester United rallies past Roma as PSG dominates in Champions League
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ترامب يهنئ الديمقراطيين بعد هزيمة الجمهوريين في انتخابات التجديد النصفي
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Qatar prime minister advances mediation through diplomatic calls
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Qatar sees tentative opening for renewed regional diplomacy
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Greenland parliament approves security agreement with United States
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Qatar Tourism joins Pacific Asia Travel Association at London travel market
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Qatar envoy meets incoming UN General Assembly president
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Abdul El-Sayed Wins Michigan Senate Seat in Historic Election
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Trump Signals Willingness to Work With Democrats After Midterm Defeat
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Qatar media bodies discuss support for humanitarian initiatives
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دي برومهد يفتح خياراته لـ "ذا بيغ ويسترنر" قبل عودته في ويكسفورد
Strike at French cognac maker Hennessy over measures in China spat
Hundreds of employees of French cognac maker Hennessy, part of the LVMH group luxury empire, went on strike on Tuesday to protest measures the brand plans to employ to circumvent Chinese tariffs imposed in a spat with the EU.
Some 500-600 staff in cognac's home Charente region in southwestern France were protesting at an experimental plan to export the drink in vats, rather than bottles, which will be subject to additional taxes estimated at 35 percent, France's CGT and FO unions said.
"Management told us they wanted to do tests on exporting the products in vats with a view to future bottling in China by a service provider" and no longer in France, Frederic Merceron, FO representative at Hennessy, told AFP.
"We can well imagine the impact on employment," he added, describing the news as a "cold shower."
"This is a first for a major house. It's a real spanner in the works," said Matthieu Devers of the CGT union, predicting that other cognac producers would follow suit.
The strike at the Hennessy plant in the town of Cognac, which employs 1,100 people, is open-ended, though a source close to Hennessy, asking not to be named, said that "dialogue is possible."
Since October 11, China has required importers of European brandies -- of which cognac represents 95 percent of the total -- to submit a deposit or a bank guarantee letter with Chinese customs authorities.
The measure is part of what Beijing describes as an anti-dumping investigation. But the move is widely seen as retaliation for the EU slapping tariffs on electric cars imported from China, which is the second biggest export market for cognac.
Devers said a first test delivery to be carried out by the end of 2024 would ascertain if the quality of the drink is maintained after transport.
He described as "bizarre" a suggestion that materials including glassware, labels, corks and boxes be shipped to China with the drink then bottled there.
France's umbrella cognac producers association BNIC said it did not want to comment on the individual strategies of companies.
But it added: "It should be noted that while waiting for a negotiated solution, and in view of the deterioration that we have noted, certain houses could be forced to explore all avenues that would allow them to maintain the presence on the Chinese market."
The cognac industry, which is heavily dependent on exports, now fears it will be targeted in the United States, its biggest market, following the election of Donald Trump, who plans to step up customs duties across the board.
B.Mahmoud--SF-PST