PARIS (Reuters) - China has become the biggest export market for Bordeaux wines outside the European Union as overall exports have collapsed due to the economic crisis and a strong euro put some wines beyond U.S. and British buyers. The sector has high hopes of the 2009 harvest with young wines being presented to the international trade and specialized journalists ...

JOHANNESBURG (Reuters) - South Africa may need to enforce power cuts or raise electricity tariffs further if a disputed $3.75 billion loan from the World Bank is not approved, a senior government official said on Thursday. "If they say no, we will either increase the tariffs or we will face serious blackouts," Director General at the Ministry of Energy Nelisiwe ...

LONDON (Reuters) - Babyshambles singer Pete Doherty was handed a 12-month driving ban and fined 500 pounds ($750) on Thursday after admitting he allowed his manager to use his car without insurance. A lawyer entered a guilty plea on Doherty's behalf during a hearing before magistrates in Lowestoft, Suffolk, according to the Press Association. In February the rock star's ...

WASHINGTON (Reuters) - President Barack Obama pressed China on Thursday to move to a "more market-oriented exchange rate" in a speech where he laid out a plan to boost U.S. exports in the coming years. "As I've said before, China moving to a more market-oriented exchange rate would make an essential contribution to that global rebalancing effort," Obama said ...