The United States will probably enter a recession if oil prices continue to soar and surpass $200 a barrel, Goldman Sachs chief economist Jan Hatzius said on Thursday. “We estimate that it would take a sustained oil price increase to $200 per barrel to produce an income shock similar in magnitude to those that precipitated…

A huge surplus of wine in the domestic market coupled with cheap imports from Spain pose the risk of bankruptcies French winemakers staged a mass protest this week against Spanish wine imports, arguing that they create unfair competition in the local market, which is already suffering from a surplus.

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