Treasury Wine Estates, the Aussie winemaker, is planning to side-step China’s expensive wine tariffs by making its famous Penfolds within China itself.

Berkshire Hathaway, the US conglomerate headed up by investing legend Warren Buffett, is on a spending spree while everyone else is panicking.

A massive Melbourne pub has been sold for $85 million - but interestingly, one of the biggest beneficiaries of the sale will be AFL club Hawthorn.

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