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The French government will pay its wine producers some $216 million to destroy nearly 80 million gallons of surplus vino that they were unable to sell.

French wine producers are getting bailed out after being hammered by a confluence of difficulties — including overproduction, inflation, skyrocketing costs and changing drinking habits among French citizens opting for other beverage choices in a hyper-competitive environment.

The Russian invasion of Ukraine has also disrupted shipments of fertilizer and bottles, while climate change is wreaking havoc on growers who must contend with extreme weather.

French Agriculture Minister Marc Fesneau told AFP on Friday that the government is paying farmers to destroy the excess wine so as to allow winemakers, who would be unable to turn a profit if they lowered the price of the surplus wine, to “find sources of revenue again.”

In the southwestern region of Bordeaux, which is famous for its vineyards, farmers have had to move up the harvest season, which once began in mid-September, to mid-August due to severe drought.

The French government is offering winegrowers in Bordeaux compensation if they choose to repurpose their land and rip up their vines.

The government funds will enable farmers to distill the alcohol from the surplus wine to pure alcohol, which can then be sold at a loss to producers who make cosmetics, perfume and cleaning supplies.

Over the last 10 years, sales of red wine have fallen by 32% in France, where young people are instead consuming non-alcoholic choices, beer and ros.

Winemakers have also struggled to recover from the coronavirus pandemic, when restaurants were closed and trade shows canceled.

Were producing too much, and the sale price is below the production price, so were losing money, Jean-Philippe Granier of the Languedoc wine producers association told the Guardian.

The challenges facing the French wine industry mimic those of US grape growers who must also contend with a decline in demand for wine.

Earlier this year, Silicon Valley Bank released a study titled “State of the U.S. Wine Industry Report” which found that Americans over the age of 60 are the only group of consumers who are drinking more wire than in previous years.

The report found that “younger buyers are increasingly less engaged with the wine category.”

According to the report, just over one-third (35%) of those between the ages of 21 and 29 consume alcohol, but do not drink wine.

That number falls to 28% for individuals between the ages of 50 and 59.

Last year was the second consecutive year of negative growth when measuring total US wine consumption by volume, according to the Silicon Valley Bank report.

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Science

Climate Satellite MethaneSAT Fails After Just One Year in Orbit

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Climate Satellite MethaneSAT Fails After Just One Year in Orbit

One of the world’s most advanced satellites for detecting methane and other gases that contribute to the warming of the planet has gone dark and stopped communicating with ground-based controllers just over a year after being launched into orbit. Created by the nonprofit Environmental Defense Fund (EDF), the satellite — estimated to cost as much as $88 million — hitched a ride into space on a SpaceX rocket in March 2024. It was charged with monitoring methane leaks from oil and gas operations, and then making the data available to policymakers and scientists through open access. But on June 20, contact with the satellite was lost, and attempts to recover it have failed. EDF officially reported on July 1 that MethaneSAT has lost power and appears unlikely to recover.

MethaneSAT Failure Marks Setback for Climate Transparency Despite Data Gains and Global Support

As per a statement released by EDF, MethaneSAT’s failure came despite multiple recovery attempts. The satellite was constructed to lift the veil off methane’s invisible, weighty impact on global warming. It is nowhere near as common as carbon dioxide, but over a timescale of, say, a century, it is 20 to 30 times more efficient at trapping heat in the atmosphere than carbon dioxide. That makes its emissions a prime target in the effort to minimize the risks of global warming. MethaneSAT was developed to independently corroborate industrial methane reports, especially those from fossil fuel extraction. The loss of the satellite is a remarkable setback for transparency in climate science and monitoring of emissions worldwide.

Yet mission operators are hopeful that data already collected will have far-reaching effects. EDF emphasized that insights from MethaneSAT’s year in orbit will continue to be processed and made public in the coming months. The mission included backing from 10 partners such as Harvard University, the New Zealand Space Agency, BAE Systems, Google, and the Bezos Earth Fund.

Officials called MethaneSAT a bold and needed move to hold our climate accountable. Although the mission was cut short, it signaled one of the largest joint efforts between science, advocacy, and technology to battle climate change. “To succeed in meeting the climate challenge, we need bold action and fearless innovation,” EDF mentioned, describing the satellite as “at the vanguard of science.”
MethaneSAT’s brief history highlights the difficulty — and importance — of deploying space-based instruments to try and combat climate change. As other missions get ready to blaze the same trail, the data and experience this little spacecraft provided will influence the future of Earth observation.

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Microsoft Says Xbox Chief Phil Spencer Not Retiring ‘Anytime Soon’ After Rumour Surfaces Amid Layoffs

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New Interstellar Comet 3I/ATLAS Speeds Through Solar System

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New Interstellar Comet 3I/ATLAS Speeds Through Solar System

A newly confirmed interstellar comet is making a rare passage through our solar system — and skywatchers can catch it live online tonight. The object, now called 3I/ATLAS, is just the third interstellar visitor ever detected after the well-known ‘Oumuamua (2017) and 2I/Borisov (2019). The comet was so fresh when first detected on July 1 by the ATLAS telescope in Chile that it hadn’t even been given a name yet; the Minor Planet Center has it listed as “3I,” the “I” standing for interstellar. Tonight’s webcast will kick off at 6 p.m. EDT (2200 GMT) from the Virtual Telescope Project’s virtual observing facilities in Italy.

Interstellar Comet 3I/ATLAS Speeds Toward Sun at 68 km/s, Offers Rare Study Opportunity

As per a report by Space.com, 3I/ATLAS was detected as a faint object displaying subtle cometary features, including a marginal coma and a short tail. Currently located 4.5 astronomical units (AU) from the sun — about 670 million kilometers (416 million miles) — the comet is faint at magnitude 18.8, making it invisible to amateur telescopes. The interstellar object is traveling at an astonishing pace of 68 kilometers per second (152,000 mph) relative to the sun, but NASA officials say it poses no danger to Earth.

It was imaged by the Virtual Telescope Project on July 2, showing the comet as a point of light within the trailing background stars — a sure indication that it is indeed moving through space. 3I/ATLAS should brighten a little as it approaches the sun, particularly when it gets closest, or its perihelion, on Oct. 30, when it swings within 1.4 astronomical units of the sun or Mars’ orbit.

The close pass by this interstellar visitor is a rare chance for astronomers to study the materials and dynamics outside our solar system. 3I/ATLAS, which is racing along at a frenetic pace on an elliptical orbit, may also support research into how these objects change as they sit in different stellar environments.

After disappearing behind the sun in late fall, 3I/ATLAS is projected to return to observational reach in early December. Researchers anticipate further analysis then, expanding our understanding of these rare visitors that traverse the galaxy — and occasionally, pass through our celestial neighborhood.

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The Hunt: Rajiv Gandhi Assassination Now Available For Streaming on SonyLIV

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Politics

OKX CEO apologizes after ‘false positives’ lock users out of accounts

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OKX CEO apologizes after ‘false positives’ lock users out of accounts

OKX CEO apologizes after ‘false positives’ lock users out of accounts

The CEO of OKX says that “false positives” are among the biggest challenges the crypto exchange faces in ensuring global compliance.

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