Wine that shares name with volcano in demand

LA PALMA: Sales of a red wine that shares its name with the Cumbre Vieja volcano on Spain’s La Palma have soared since the eruption began three months ago, providing an unexpected windfall for the Bodegas Teneguia vineyard. “Since the volcano hit, the name Cumbre Vieja has been all over the news … and that’s given a serious boom to sales,” said head winemaker Carlos Lozano. A blend of seven different grapes, Cumbre Vieja — named for the spiny volcanic ridge that extends from the centre of the island to its southernmost point — was created in 2019 and bottled last February. Reuters

Musk to pay over $11 bn in taxes this year

san francisco: Tesla Inc’s CEO Elon Musk said on Sunday on Twitter that he will pay more than $11 billion in taxes this year. Earlier this week, Democratic US Senator Elizabeth Warren took to Twitter to say that Musk should pay taxes and stop “freeloading off everyone else” after Time magazine named him its “person of the year”. Musk responded by saying that he “will pay more taxes than any American in history this year”. Musk is the world’s richest person and his company Tesla is worth about $1 trillion. Reuters