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Florida drought deepens strain on citrus industry as growers battle costs, disease

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Florida drought deepens strain on citrus industry as growers battle costs, disease

Florida citrus grows inside a protective screen in Bartow, Florida. (FOX News)

BARTOW, Florida – Florida is facing its worst drought in 25 years, intensifying pressure on a citrus industry already battered by disease, hurricanes and rising costs.

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According to the U.S. Drought Monitor, 100% of the state is experiencing some level of drought, with more than 75% in extreme drought conditions. The dry spell is adding new financial strain for growers who rely heavily on irrigation to sustain crops.

Florida accounts for 17% of the nation’s citrus production, according to the Florida Department of Agriculture and Consumer Services. For many communities, the industry remains a key economic driver.

“There are multiple companies across our county and across our state, and it’s definitely a lifeline to a lot of Floridians here,” said Jennifer Schaal, VP of finance at Dundee Citrus Growers Association. “It’s what they depend on.”

USDA CREDITS TRUMP TRADE DEALS AS AGRICULTURAL DEFICIT SHRINKS, FARM SECTOR GAINS GROUND

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Grapefruit on a citrus grove

Florida produces nearly 20% of the nation’s citrus crop, including grapefruit. (FOX News / Fox News)

However, nature has been anything but dependable for Florida farmers.

Back in 2000, the state’s citrus industry covered over 800,000 acres. Today, that figure has fallen to just over 200,000 acres, according to the U.S. Department of Agriculture, reflecting years of disease pressure and storm damage.

“The number one challenge the industry has had over the years is citrus greening disease,” said Steven Callaham, executive vice president and CEO of Dundee Citrus Growers Association. “And then on top of that challenge, we’ve experienced numerous hurricanes.”

RECENT HURRICANES CAUSE FLORIDA CITRUS PRODUCTION TO FALL AS FARMS WORK THROUGH DAMAGE

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Recent freezes and now drought conditions have compounded those pressures.

“When you irrigate, it requires a pump that is either powered by diesel or it’s powered by electricity, and it gets very, very expensive,” explained Callaham.

Dundee Citrus Growers Association is one of the largest fresh fruit cooperatives in the state of Florida, harvesting citrus from over 10,000 acres. 

“It’s been challenging over the last year,” added Bill Bohde, director of agronomy at Dundee Citrus. “During the bloom period, water is critical. It determines how well the fruit sizes and ultimately, you know, how large your crop will be.”

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Dundee Citrus Growers uses CUPS

The Dundee Citrus Growers Association utilizes pods to grow citrus under a protective screen in Florida. (Amy Galo / Fox News)

As citrus acreage dwindles throughout the state, the company has found a solution to nature’s many obstacles with something called “CUPS,” or Citrus Under Protective Screens. 

Orange groves are planted under 10-acre white tent structures, also known as pods. Originally installed to prevent disease in citrus plants, the structures are also helping growers better manage soil moisture during the historic drought.

CITRUS INDUSTRY HAS BEEN PUT ‘BACK ON ITS HEELS’: MATT JOYNER

“Everything is pumped through a series of pipes into this black tubing, and every tree has a very small emitter that puts, you know, puts out an amount of water,” explained Bhode.

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The system allows for precise irrigation, creating a controlled environment that can support fruit production even during prolonged dry spells.

Citrus in a pod

Citrus fruit plants thrive under a protective screen in Bartow, Florida. (Amy Galo)

“This ten-acre pod will produce between 8,000 and 10,000 boxes per pod,” said Callaham. “The trees in this environment, they’re happy. They grow faster than trees do in traditional outdoor groves, and they come into production quicker. So it’s one way that we can really get the industry back on track.”

USDA production data show mixed results across citrus categories. Florida lemon production increased 4% from last season, while tangerine and tangelo output was unchanged. Grapefruit production declined 8%, and non-Valencia orange production fell 2%, according to the agency.

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“If I wasn’t optimistic, I would not be in the citrus business,” said Callaham. “So I think we have a lot of positives going for us right now, you know? The challenges we have are temporary. We’re going to make it through.”

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Food voucher scheme in Cambridgeshire extended until September

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Council considers extending food voucher scheme

Edna Murphy, chair of the children and young people committee at the authority, said: “While the funding from the Government’s Household Support Fund has come to an end, I’m really pleased that by approving these transitional voucher amounts today we’ve been able to enable a smoother transition for the families affected.”

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TikTok ‘Play Full Song’ Feature Is Now Available, But You Need to be an Apple Music Subscriber

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TikTok is adding a way to stream entire tracks via its latest feature, which it calls “Play Full Song.”

The feature is now available on the platform thanks to Apple Music and its integration with TikTok, but there is a catch to the experience as users need to be a subscriber to enjoy the feature.

TikTok ‘Play Full Song’ Feature Is Now Available

TikTok and Apple announced their latest exclusive partnership on the social networking platform as they introduced a new feature called Play Full Song, which allows users to listen to songs they find on the platform in their entirety.

According to the announcement, the new feature offers a music discovery experience that allows the audience to get to know the song, its artist, and more directly on the TikTok app through Apple Music.

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The feature is made available thanks to Apple MusicKit APIs, which TikTok claims to be the foundation of the Play Full Song feature.

Engadget reported that this adds to the previous feature introduced by TikTok called Add to Music App, which allows users to save the songs they hear on TikTok to their connected streaming platform’s library.

You Need to Be an Apple Music Subscriber to Access

The only catch in this experience is that users need to be an Apple Music subscriber to access the Play Full Song feature on the app.

TikTok will play the song using an Apple Music player that is built into the app. Since Apple Music requires a subscription before users can access it, only songs in the user’s library may be streamed without a paid subscription.

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Alongside this, TikTok and Apple Music also announced that they are launching the new Listening Party feature on TikTok, where users may listen to music alongside their favorite artists live.

Both features are rolling out worldwide and will start appearing “in the weeks ahead.”

Originally published on Tech Times

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Retirement living operators fear reforms bring delay

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Retirement living operators fear reforms bring delay

Retirement living village operators have expressed concerns a lack of clarity on the timing of state reforms puts the progress of crucial developments at risk.

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'A Curious Kind Of Balance' For The U.S. Labor Market

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'A Curious Kind Of Balance' For The U.S. Labor Market

'A Curious Kind Of Balance' For The U.S. Labor Market

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‘Can’t keep throwing money into a leaky bucket’: Calls for fix to Gloucester Docks’ major navigation disruption

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Calls follow major silt issues last year

Dredging at Gloucester Docks.

Dredging at Gloucester Docks(Image: Local Democracy Reporting Service)

There are calls for a long term solution to the major disruption to navigation and waterfront businesses caused by silt at Gloucester Docks.

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Around 50,000 cubic metres of silt entered the Docks during 2025 – around ten times the normal annual amount.

Silt ingress is mainly due to the water pumped from the River Severn into The Docks which is then pumped down the Gloucester and Sharpness Canal to provide Bristol with half of its drinking water supply.

The severe silt ingress experienced during 2025 prompted a public briefing on the issue attended by dozens of people at Llanthony Secunda Priory on March 5.

The event brought together Canal and River Trust’s leadership, Gloucester MP Alex McIntyre, Gloucester City Council, business groups and waterway stakeholders to discuss the issue and hear about possible ways foward.

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The panel heard how the problem has arisen over the years after the introduction of new environmental regulations and changes in dredging practices.

Canal and River Trust bosses also spoke of significant new dredging investment for a recovery dredging programme for Gloucester Docks.

And the trust confirmed that £2.8 million has already been spent on recovery dredging during the current financial year.

And a further £2 million has been allocated for dredging works during the next financial year.

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The panel also heard how Gloucester will account for around one third of the trust’s national dredging budget during the recovery period.

Trust bosses acknowledged that future baseline dredging budgets for the Gloucester and Sharpness Canal will need to increase beyond historic levels.

Access to traditional shipbuilding and restoration specialists T. Nielsen and Company’s dry dock and local moorings will be included within the recovery dredging works, alongside the main navigation channel.

The trust also confirmed that operational discussions have begun with Bristol Water to examine how pumping and abstraction operations can be coordinated to reduce the amount of silt entering the docks.

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Ben Cottam, Regional Director for Wales and the South West at Canal and River Trust, said the organisation had learned from the events of 2025.

“We recognise the challenges that last year presented and the impact it had locally.” he said.

Regional Director for Wales and the South West at Canal & River Trust Ben Cottam (centre) speaking at the event next to Gloucester MP Alex McIntyre (left) and organiser of the briefing Jay Clements.

Regional Director for Wales and the South West at Canal & River Trust Ben Cottam (centre) speaking at the event next to Gloucester MP Alex McIntyre (left) and organiser of the briefing Jay Clements.(Image: Local Democracy Reporting Service)

“We are investing significant resources in the recovery dredging programme and are working with partners, including Bristol Water, to look at how operational changes can reduce silt entering the system in the future.”

Gloucester MP Alex McIntyre warned that relying solely on repeated dredging would not be sustainable.

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“We can’t keep throwing money into a leaky bucket,” he said.

“We need to learn the lessons from what happened and make changes so that we’re not simply spending millions every year clearing the same problem.”

He also indicated his support for efforts to secure a better financial return from the canal’s long-standing water abstraction agreement supplying Bristol.

“The price we’re getting from Bristol Water isn’t acceptable. I will be throwing my support behind efforts to ensure we get a fair price so that we can properly maintain the docks and canal.”

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City Council leader Jeremy Hilton (LD, Kingsholm and Wotton) also stressed the importance of maintaining the Docks as an active working waterway.

“We need to make sure that we have a navigable, commercial dock and canal so that boats can continue to come into Gloucester,” he said.

“We don’t want the Docks to become a place where the only things using the water are the seagulls.”

Jay Clements, managing director of English Holiday Cruises Ltd, who organised the event, said: “Gloucester Docks is approaching its 200th anniversary in 2027 and it remains one of the most important heritage and economic assets in the city.

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“It was encouraging to hear confirmation of additional dredging investment and recognition that long-term budgets will need to increase.

Gloucester Docks.

Gloucester Docks(Image: Local Democracy Reporting Service)

“The next step is ensuring that this work is delivered on a clear and transparent timeline so that businesses, boaters and investors can have confidence in the future of the docks.”

The trust indicated that future dredging plans are dependent on completion of the Habitat Regulations Assessment (HRA) required to permit the use of more efficient dredging techniques.

Stakeholders have asked the Trust to publish a clear timetable for the remaining recovery dredging works once the HRA process is complete.

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With preparations already underway for the 200th anniversary of Gloucester Docks in 2027, local businesses, boaters and city stakeholders say restoring reliable navigation remains a priority for them.

To find all the planning applications, traffic diversions, road layout changes, alcohol licence applications and more in your community, visit the Public Notices Portal.

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Heating oil orders cancelled and prices hiked

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Heating oil orders cancelled and prices hiked

South of England households report cancelled orders, price hikes and heating oil supply issues.

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Global Market | Anurag Singh on what could decide the market’s next move

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Global Market | Anurag Singh on what could decide the market’s next move
Global markets are navigating a volatile phase as rising oil prices and escalating tensions in West Asia threaten supply chains and corporate earnings. Investors are closely watching developments around energy flows and geopolitical strategy, particularly the security of the critical oil transit route through the Gulf.

In a discussion with ET Now, market expert Anurag Singh outlined what he believes could ultimately determine the trajectory of the conflict and its impact on financial markets.

Focus on Strategic Objectives
Singh suggested that the core objective for the United States and Israel is to weaken Iran’s military and nuclear capabilities while ensuring global energy supply routes remain open.“The endgame is this — the US and Israel have to completely obliterate the capabilities of Iran. The nuclear arsenal has to be completely destroyed… and in the immediate term the Strait of Hormuz has to be open.”

The Strait of Hormuz remains one of the most critical energy chokepoints in the world, carrying roughly 20% of global oil supply.Earnings Concerns Already Priced In
According to Singh, equity markets have already started factoring in the risk of weaker corporate earnings, particularly in consumer-linked sectors.
“Consumer discretionary companies have already taken about a 20% correction in anticipation of earnings dropping.”
However, he pointed out that emergency oil reserve releases could buy policymakers some time to stabilize supply.

“Releasing hundreds of millions of barrels of reserves has bought around 20 days. Within these two to three weeks, a solution could emerge.”

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The Shipping and Insurance Challenge
Even if military protection is provided to oil tankers, the logistical and insurance hurdles remain a major concern for global trade.

“It is one thing to say ships will be protected, but somebody has to drive the first ship through the Strait. Who will be that brave one?” Singh believes the ultimate measure of success will be the long-term security of the shipping corridor. “Victory will be decided if the Strait of Hormuz can be taken away from Iran’s control for all times.”

Markets Facing Multiple Headwinds
Beyond geopolitics, Singh highlighted that equity markets are already dealing with several structural concerns.

“The median stock in the S&P is down about 17%, and in the Nasdaq around 27%, even though the indices show only a small correction.”

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He pointed to three key worries for investors: artificial intelligence disruption in software companies, risks in private credit markets, and inflation pressures.

“There are three sets of worries that the market has to get out of before moving to new highs.”

A Crucial Two Weeks Ahead
Despite the turbulence, Singh said long-term market projections remain constructive if the situation stabilises.

“Projections for the year still point to about 12% earnings growth and the S&P potentially reaching 7,500 if things stay in place.”

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For investors, the immediate outlook hinges on how quickly geopolitical tensions ease and whether oil supply routes stabilise.

“These two weeks are super critical. Something has to come out of it, otherwise it could become a long-drawn conflict.”

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Former Deutsche Bank employees seek $800 million in damages in Monte dei Paschi case

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Former Deutsche Bank employees seek $800 million in damages in Monte dei Paschi case


Former Deutsche Bank employees seek $800 million in damages in Monte dei Paschi case

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Elis SA (ELSSF) Q4 2025 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Elis SA (ELSSF) Q4 2025 Earnings Call March 11, 2026 3:30 AM EDT

Company Participants

Xavier Martiré – Chairman of the Management Board & CEO
Louis Guyot – CFO & Member of the Management Board

Conference Call Participants

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Annelies Vermeulen – Morgan Stanley, Research Division
Ben Wild – Deutsche Bank AG, Research Division
Sabrina Blanc – Bernstein Institutional Services LLC, Research Division
Karl Green – RBC Capital Markets, Research Division
Olivier Calvet – UBS Investment Bank, Research Division
Oliver Davies – Rothschild & Co Redburn, Research Division
Mourad Lahmidi – BNP Paribas, Research Division

Presentation

Operator

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Good day, and thank you for standing by. Welcome to the Elis’s Full Year 2025 Results Webcast and Conference Call. [Operator Instructions] Please be advised that today’s conference is being recorded.

I would now like to hand the conference over to your first speaker today, Mr. Martire. Please go ahead.

Xavier Martiré
Chairman of the Management Board & CEO

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Thank you. Good morning, and welcome to Elis 2025 Annual Results Presentation. I’m Xavier Martire, CEO of Elis, and I am in London today with our CFO, Louis Guyot. We are pleased to present a year of strong operational execution and continued financial progress.

Over the next hour, we will walk you through our business highlights, our financial performance and the progress we have made on our CSR road map. After I review the operational highlights of the year, I will hand over to Louis, who will detail our 2025 financial results. I will then return to provide an update on our CSR achievements before discussing our outlook for 2026, in what remains a complex and uncertain international environment. We will then open the floor to your questions. And after our call, Nicolas Buron will be available to answer any of your questions offline. Before we begin, please take the time to read the disclaimer.

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Rivian Stock Just Got an Upgrade. Here’s Why.

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Rivian Stock Just Got an Upgrade. Here’s Why.

Rivian Stock Just Got an Upgrade. Here’s Why.

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