For most aficionados, a sparkling wine can be called champagne only if it comes from the region of France with that name and is made under certain regulations. A new Russian law makes the counter-claim that the word can be used only for Russian wine.
The law has sparked controversy and the renowned winemaker Moet-Hennessy said Monday it was suspending champagne shipments to Russia. The law that was adopted on Friday allows the term to used only for “Russian champagne.”
Since Soviet times, champagne — “shampanskoye” in Russian — has been used as a generic term for a wide range of sparling wines, some of which contradict champagne’s luxury image by selling for as little as 150 rubles ($2) a bottle.
“These provisions lead to a temporary suspension of deliveries of products to assess the impact of this new law,” Moet-Hennessy spokeswoman Anne Catherine Grimal said, according to state news agency RIA-Novosti.
Even the head of one of Russia’s major winemakers thinks the law goes too far.
”For me, there is no doubt that real champagne comes from the Champagne region in France,” Pavel Titov, president of Abrau-Dyurso, told RIA-Novosti. “It is very important to protect Russian wines in our market and provide them with comprehensive patronage. But the legislative measures taken must be reasonable and not contradict common sense.”
DraftKings reported better-than-expected revenue in the third quarter.
Wallet Hub released a list of the 10 states with the highest median monthly student loan payments.
Oil and gas giant BP will purchase electric vehicle chargers from Tesla for $100 million.
Reports say olive oil prices have jumped 75% since January of 2021.
The big three car companies for GM and Stellantis have agreed to pay striking workers as they spend time on the picket line, according to The Wall Street Journal.
Elon Musk is making a big prediction about artificial intelligence and the jobs market.
Open enrollment season is here and the stress of picking the right plan for you could sometimes get overwhelming. Rosalyn Glenn, financial advisor with Prudential, joined Cheddar News to discuss what to know and understand about selecting your benefits to cover your medical needs and conditions, if any.
Learning about money is a skill that should be learned at an early age. OneMain Financial is now offering a financial course called 'Credit Worthy' across several high schools across the country, along with some scholarships. Doug Shulman, CEO of OneMain Financial, joined Cheddar News to discuss the importance of learning and understanding credit. "Over half of high school students graduate without knowing the basics about credit," Schulman said. "It really helps establish a great foundation to being an independent adult, to have a healthy and happy life, and some financial security is part of that."
Mariah Carey is facing a second lawsuit claiming copyright infringement over her song, "All I Want For Christmas is You."
Apple posted better-than-expected results for the third quarter but continued to report soft revenue. Cheddar News breaks it all down.
Load More