In Iceland, scientists are launching a revolutionary project, the Krafla Magma Testbed (KMT), aimed at drilling into a magma chamber This groundbreaking initiative, set to start in 2024, involves a team from 38 research institutes across 11 countries. Their goal is to explore the untapped potential of magma for clean energy production and gain insights […]
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Venezuelan forces intercept and destroy plane originating from Mexico for violating airspace
The Bolivarian National Armed Forces (FANB) of Venezuela intercepted and disabled an aircraft that had violated Venezuelan airspace in Falcón state. Domingo Hernández Lárez, the head of the Strategic Operational Command (Ceofanb), provided this information. On July 10, at 04:00 hours, the FANB detected an aircraft on radar that was in clear violation of Venezuelan […]
Rice Prices Dip 8% in Brazil
Rice prices have seen a notable decline, dropping nearly 8% since late January 2024. In Rio Grande do Sul, Brazil’s leading rice-producing state, the price for a 50-kilogram sack fell to R$ 119.10 ($23.82). This decrease, from January’s R$ 129.20 ($25.84), still signifies a 35.2% increase from the previous year. The adjustment follows high global […]
China’s Luxury Market Rebound: A 2024 Outlook
In 2024, China’s luxury market is poised for a 4-6% resurgence after contracting due to COVID-19 disruptions. A robust comeback in 2024 signals a significant rebound from 2022 declines and mixed trends in 2023 for the industry. The growth is driven by a shift in Chinese consumer spending habits, where 60% of luxury purchases were […]