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France is splashing out €200 million to destroy surplus wine

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The French government is allocating a substantial €200 million to address a pressing issue in the wine industry: an oversupply of wine and a shortage of consumers.

This predicament is not a simple one; it’s a blend of multiple challenges. Craft beer has enticed wine enthusiasts away from their traditional choice, vineyards are grappling with excessive production, and rising living costs have added to the woes of winemakers.

Agriculture Minister Marc Fesneau said that these measures aim to prevent the wine market from turning sour and to help vintners rekindle their passion.

To comprehend the origins of this issue, we must revisit the mid-2000s when Europe faced what was termed a “wine lake.” It was akin to a wine deluge, brought about by the European Union’s generous subsidies, resulting in a surplus of wine.

Fast forward to the present, and the EU continues to allocate a substantial 1.06 billion euros annually to support the wine industry. However, changing consumer preferences, with more people opting for beer and alternative beverages, coupled with the impact of Covid-19 shutting down bars and restaurants worldwide, has severely affected wine sales.

European Commission data paints a bleak picture of declining wine consumption, with drops observed in Italy (down 7%), Spain (down 10%), France (down 15%), Germany (down 22%), and Portugal (down a staggering 34%).

In response, France is embracing innovation, encouraging the wine industry to adapt to this ever-evolving landscape or even consider diversifying into products like olives. It’s a call for French winemakers to sip, swirl, and navigate these changing times.

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Israel launches its new “Iron Beam” laser system

Israel’s new “Iron Beam” laser defense system to deploy by year-end, promising cost-effective missile interception.

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Israel’s new “Iron Beam” laser defense system to deploy by year-end, promising cost-effective missile interception.


Israel’s Defence Ministry says its new “Iron Beam” laser system will be deployed by year’s end. The technology is designed to destroy incoming missiles, rockets, drones and mortars with precision.

Developed by Rafael Advanced Defense Systems in partnership with Elbit Systems, Iron Beam will sit alongside existing defences such as Iron Dome, David’s Sling and Arrow. Unlike traditional interceptors which can cost tens of thousands of dollars per shot, the laser comes at negligible expense.

Officials call it the world’s first high-power laser interception system to achieve operational maturity, hailing it as a game-changer for modern warfare. Military leaders expect the system to reshape air defence capabilities and cut costs dramatically.

#Israel #Defence #LaserWeapons #TickerNews


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Stephen Colbert’s opening monologue on Jimmy Kimmel

Stephen Colbert condemns censorship and calls out Trump in powerful monologue dedicated to Jimmy Kimmel’s suspended show.

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Stephen Colbert condemns censorship and calls out Trump in powerful monologue dedicated to Jimmy Kimmel’s suspended show.


Stephen Colbert’s opening monologue is being hailed as one of the most powerful moments in modern late-night history. Standing on stage at the Ed Sullivan Theatre, Colbert dedicated his show to Jimmy Kimmel and his team after ABC suspended Kimmel’s programme under pressure from Washington.

Colbert called the move “blatant censorship” and directly accused President Trump of acting like an autocrat. “With an autocrat, you cannot give an inch,” he warned, making clear that the stakes reach far beyond late-night comedy.

#StephenColbert #JimmyKimmel #FreeSpeech #TickerNews


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Charlie Kirk was scheduled to speak at Colorado State University

Despite cancellation, 10,000 gathered at CSU to support Charlie Kirk, creating a rally-like atmosphere.

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Despite cancellation, 10,000 gathered at CSU to support Charlie Kirk, creating a rally-like atmosphere.


Charlie Kirk was scheduled to speak at Colorado State University in Fort Collins, but the event was meant to be cancelled. Despite that, thousands of people still turned up to celebrate his legacy.

As many as 10,000 people turned out, showing the extent of support for the conservative activist. The crowd gathered outside CSU, creating an atmosphere more like a political rally than a cancelled speech.

#CharlieKirk #FortCollins #CampusPolitics #TickerNews


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