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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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Environment

Kia’s electric van breaks the Guinness World Record, driving 430+ miles carrying a full load

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Kia's electric van breaks the Guinness World Record, driving 430+ miles carrying a full load

Kia’s electric van, the PV5, set a new Guinness World Record after driving over 430 miles on a single charge… with its max payload.

Kia’s electric van sets a new Guinness World Record

Who said electric vans couldn’t get the job done? Kia’s electric van just broke the Guinness World Record for the greatest distance travelled by a light-duty battery-powered electric van with maximum payload.

Powered by a 71.2 kWh battery, the Kia PV5 Cargo drove 430.84 miles (693.38 km) on a single charge. Even more impressive, it was carrying a full load. The electric van lasted nearly two days, covering 22 hours and 30 minutes of driving without charging.

Kia’s record-breaking run took place on September 30, 2025, in Frankfurt, Germany, using an unmodified PV5 Cargo L2H1 model.

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The route was specifically designed to replicate real-world scenarios. Kia said the electric van covered over 36 miles (58.2 km) in the city, navigating traffic lights, intersections, and roundabouts, with typical city traffic. It also achieved an elevation gain of about 1,200 ft (370 meters).

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Kia PV5 Cargo sets new Guinness World Record

Kia’s electric van completed the loop 12 times while carrying its max payload, finally coming to a stop on the twelfth run.

“Even if Kia is new to the LCV market, this record is a testament to the versatility and innovation behind Kia’s first PBV, showing that we are serious contenders,” Kia’s European boss, Marc Hedrich, said.

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Christopher Nigemeier, Senior Engineer at Hyundai Motor Europe Technical Center, in the PV5 during the GUINNESS WORLD RECORD attempt (Source: Kia)

The fact that it ran for almost two full working days on a single charge, “speaks volumes about its real-world capabilities,” Hedrich added.

According to Kia’s internal tests, adding 220 lbs (100 kg) of payload reduces the PV5’s range by only around 1.5%.

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Marc Hedrich, President & CEO at Kia Europe (left), with Joanne Brent, GUINNESS WORLD RECORD adjudicator (right) Source: Kia

The PV5 is a midsize electric van and Kia’s first dedicated model from its new Platform Beyond Vehicle (PBV) business. It’s built on Hyundai’s E-GMP.S architecture. The flexible EV platform supports several variants.

Kia currently sells the PV5 in Passenger (for personal use) and Cargo (for businesses). Over the next few years, it plans to introduce seven body types, including Light Camper, Wheelchair Accessible, and open-bed models.

The PV5 Cargo offers up to 4.4 m3 of load space and a max payload of 1,740 lbs (790 kg). It’s available with two battery pack options: 51.5 kWh or 71.2 kWh, with WLTP driving ranges of 184 miles and 258 miles, respectively.

Kia plans to launch additional electric vans, including the larger PV7 in 2027 and the even bigger PV9, due out around 2029.

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Technology

Palo Alto Networks debuts automated AI agents to fight cyberattacks

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Palo Alto Networks debuts automated AI agents to fight cyberattacks

Nikesh Arora, CEO of Palo Alto Networks, looks on during the closing bell at the Nasdaq Market in New York City on March 25, 2025.

Jeenah Moon | Reuters

Palo Alto Networks on Tuesday launched new artificial intelligence agents that allow customers to automate certain cybersecurity actions.

The new agents, known as Cortex AgentiX, can handle threat intelligence investigations, respond to email breaches and can be deployed across various security vendor platforms. The tools will be available starting Tuesday through several of Palo Alto’s current cloud services, and will launch as a separate platform next year.

The new AI agents are meant to meet growing demand from customers for more automated capabilities, CEO Nikesh Arora told reporters and analysts last week. Most agents, he added, will have a human middleman to review.

In the age of AI, companies are racing to find new methods to fight increasingly sophisticated and complex cyberattacks. Earlier this month, cybersecurity firm F5‘s stock dropped 10% after it said it suffered a nation-state hack.

Arora said he’s concerned that some enterprises are still “under the illusion that they are extremely secure.”

Palo Alto Networks is in the midst of a watershed shake-up as it integrates its $25 billion acquisition of Israeli identity security vendor CyberArk.

Shortly after the news broke, Arora told CNBC that the deal integrates CyberArk with Palo Alto’s AI and security aspirations.

“We look for great products, a team that can execute in the product, and we let them run it,” he said.

WATCH: AI is changing the world, cybersecurity has to keep up, says Palo Alto Networks

AI is changing the world, cybersecurity has to keep up, says Palo Alto Networks

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Politics

Trump’s Truth Social moves into prediction markets with Crypto.com

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Trump’s Truth Social moves into prediction markets with Crypto.com

Trump’s Truth Social moves into prediction markets with Crypto.com

Truth Social wants to “democratize information” for its 6.3 million users with a social media prediction platform developed in collaboration with Crypto.com.

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