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Time called on happy hour as French wine and spirit sales sour in mainland China, US (www.scmp.com)

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French wine and spirits exporters saw their worst results since 2020’s Covid-19 shock last year, as companies were buffeted by stormy trade relations between China and the US, two of their biggest export markets. “It’s weighing on everyone’s morale,” said Gabriel Picard, president of the French Federation of Wine and Spirit Exporters (FEVS), during a press conference in Paris on Tuesday where he presented the annual figures. France exported a total of €14.3 billion (117.5 billion yuan) of wine...

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