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Egypt: AMOC records over $30mln consolidated profits in FY24/25
Egypt: AMOC records over $30mln consolidated profits in FY24/25

Zawya

timea day ago

  • Business
  • Zawya

Egypt: AMOC records over $30mln consolidated profits in FY24/25

Cairo: Alexandria Mineral Oils Company (AMOC) generated consolidated net profits after tax valued at EGP 1.55 billion in fiscal year (FY) 2024/2025, an annual growth of 3% from EGP 1.50 billion. The sales reached EGP 37.62 billion in the 12-month period that ended on 30 June 2025, compared with EGP 33.76 billion in FY23/24, according to the financial results. Standalone Business Non-consolidated net profits after tax hit EGP 1.49 billion at the end of June 2024, up 17% year-on-year (YoY) from EGP 1.27 billion. AMOC registered standalone sales amounting to EGP 36.91 billion in FY24/25, higher by 11% than EGP 33.31 billion in the previous FY. In the first nine months (9M) of FY24/25, the EGX-listed company posted 5% YoY higher net profits after tax at EGP 1.10 billion, compared with EGP 1.05 billion. All Rights Reserved - Mubasher Info © 2005 - 2025 Provided by SyndiGate Media Inc. (

Scientists Are Worried About A Collapse Of This Atlantic Ocean Current: Here's Why
Scientists Are Worried About A Collapse Of This Atlantic Ocean Current: Here's Why

Yahoo

time4 days ago

  • Science
  • Yahoo

Scientists Are Worried About A Collapse Of This Atlantic Ocean Current: Here's Why

A certain current in the Atlantic Ocean that is essential for temperature regulation is in danger of collapsing. The Atlantic Meridional Overturning Circulation, also known as the AMOC, runs the length of the Atlantic Ocean, including the tip of South America, the Caribbean, and all the way north to Greenland. One of its major benefits is maintaining the European climate by moving warm air from the Equator north. Climatologist and oceanographer at the National Research Center, Sandro Carniel, explained the AMOC's function to Renewable Matter. "This circulation, of which the Gulf Stream is a part, plays the fundamental role of a climate equalizer and is essentially triggered by the weight of water, its density. The colder and saltier the water is, the greater its density, and the easier it is for its mass to sink. Whereas if the water is warm and fresh (i.e., not salty), it is lighter and therefore stays at the surface more." The extreme importance of the AMOC is being threatened by greenhouse gas emissions, a driving force in global warming. Global warming would be a direct contributor to an AMOC collapse. If this is not prevented, the consequences could be catastrophic and include drastic temperature changes, altered weather patterns, and even an ice age event. Read more: This Is How Most Life On Earth Will End Why Would This Atlantic Current Collapse? Global warming is disrupting the way the currents flow due to melting ice caps and glaciers. Carniel continued to explain to Renewable Matter, "The huge amounts of melting ice are pouring an incredible amount of fresh water into the North Atlantic. Less and less salty and warmer waters are helping to lag the general circulation of currents." This is not a new or sudden phenomenon. In 2018, the journal Nature revealed that the buoyancy of the Atlantic Meridional Overturning Circulation had decreased by 15 percent over 70 years. While the AMOC has been affected due to global warming, it has not collapsed yet. To prevent this, greenhouse gas emissions need to be massively reduced. Industrial and manufacturing activities, transportation, and animal agriculture are all driving forces behind large amounts of greenhouse gas emissions. Despite efforts to implement better renewable energy and cleaner practices, the UN claims we are failing at attempts to control climate change. What Would Happen If The AMOC Collapsed? If the AMOC collapsed, European cities would get colder by up to 27 degrees within a few decades. So a temperature of 41 degrees could drop to 14. Comparatively, the Southern Hemisphere would get much warmer. Rising sea levels could send coastal regions underwater and also contribute to increased coastal erosion and more severe storm surges. The impact on weather patterns would be widespread. Europe would experience more violent storms. Major droughts would plague Asia. The changing weather would drastically reduce crop yield, and a full ecosystem collapse could occur across the northern Atlantic. Scientists have a historical reference point for such an event. About 12,900 years ago, the AMOC was halted when Lake Agassiz melted and unleashed massive amounts of freshwater into the sea. It's believed the lake's melting was caused by a comet. The subsequent halt of the AMOC caused over one thousand years of ice age conditions in parts of Europe and North America. Unless we are able to get a handle on global warming and protect the Atlantic Meridional Overturning Circulation, this could be the future we have to prepare for. Read the original article on BGR. Solve the daily Crossword

XX Things On The Brink Of Collapse No One Talks About
XX Things On The Brink Of Collapse No One Talks About

Buzz Feed

time5 days ago

  • General
  • Buzz Feed

XX Things On The Brink Of Collapse No One Talks About

Between the existential chaos around the world and whatever we're all dealing with in our personal lives, it feels like we're collectively acting like everything is fine these days, but that's not really the case. Political turmoil is wreaking havoc across the globe, climate change is getting realer by the second, and the global economy is shifting, for better or for worse. Needless to say, we're in very trying times, and it feels like burnout is now a universal feeling. A recent post on the r/AskReddit sub asked users the following question: "What is currently on the brink of collapse but no one is talking about it?" From collapsing ecosystems to the rise of AI, these 19 responses highlight just how close our dystopian future might be: Note: these responses have been edited and condensed for clarity. "The orca pod known as J-pod, that are residents of the Pudget Sound, are starving as the salmon population is collapsing." "And to be specific, Chinook salmon. Chinook are their main food source because of the fat content, and they're on the brink of collapse. I mean, it's not looking good for all salmon species, but when/if the Chinook go extinct, that's the first big domino to fall in the Salish Sea ecosystem." "Here in the UK, the water table. Already seen a massive drought in the North with unprecedented lack of rainfall this year. Reservoirs and rivers are lower than they've been in decades. On top of leaking pipes that date back to WWII, we could honestly be talking about real drinking water shortages in 5-10 years." "Honestly, I'd say the internet. Everything requires an account, everything collects your information, you can't own anything because you can only get subscriptions to services. There are way too many social media platforms, which are somehow all owned by the same few mega corporations (Meta, Google, Microsoft, etc.) AI is slowly taking over everything and spewing out misinformation left and right." "Lots of collectively-owned private, professional businesses: Private equity has been relentlessly buying up veterinarian practices, CPA firms, and — I'm sure — all kinds of other businesses so they can egregiously increase prices, sell everything that isn't nailed down, cut staff to nothing, then sell the little bit that's left to some naive future buyer at a hugely inflated cost." "Teachers. Not teaching itself, but the whole system around it. So many teachers are underpaid, overworked, and just done. A lot are quitting quietly or switching careers, and schools are struggling to replace them. It's kind of scary how fast it's unraveling, but no one's really screaming about it yet." "Maybe not on the brink, but possibly approaching — The AMOC, or Atlantic Meridional Overturning Circulation, is a large system of ocean currents that acts like a conveyor belt, circulating warm and cold water throughout the Atlantic Ocean." "Bridges, railroad lines, power grids, and water pipes. Some of them are decades old and unstable (Germany)." "A bunch of small ecosystems around the world." "The working class. Hopefully, the collapse will wake some folks up, but I don't have a lot of hope when they seem perfectly happy in their caves staring at the shadows." "Critical thinking. Humanity is over-reliant on devices and AI to do their thinking for them instead of using tech to enhance their own thinking." "The movie industry feels that way in Hollywood right now." "The Cascadia Subduction Zone." "The 'enrollment cliff' is starting. This year, the lack of kids born during and after the 2008 recession is starting to graduate from high school. In this population pyramid, you can see that starting at the 15-19 age group, birth rates went down and kept going down. Now, it was already going down on average, but right before the recession, there was a small uptick that could have been a turnaround." "Civilizations decline/collapse over generations — I'd suggest that there is a strong possibility that 'the free liberal West' is in the early stages of a multi-generational decline, not unlike that of the Roman empire. Facebook and Netflix are our bread and circuses while around us, cultures that are not compatible with our (democratic, egalitarian, progressive, liberal) values are rising to challenge and eventually displace us. It won't happen in my lifetime, but it is happening." "The Anthropocene." "Overly complex appliances, cars, TVs, etc." "I think our civilization's ability to write without Generative AI. I believe writing is thinking, and it provides clarity to our thoughts. A vast majority of university students are now relying on services like ChatGPT, which I believe will eventually affect us in the long run. I don't have research backing up my claim, and I hope I'm wrong. Regardless, I'm worried." "Surprised I didn't see many posts about insects. We are in a mass extinction event of something like 60% of their population."

Scientists discover world's largest waterfall — but It's completely invisible, here's why
Scientists discover world's largest waterfall — but It's completely invisible, here's why

Time of India

time16-07-2025

  • Science
  • Time of India

Scientists discover world's largest waterfall — but It's completely invisible, here's why

For decades, the title of the world's tallest waterfall belonged to Venezuela's Angel Falls. But now, scientists are pointing to an even more colossal cascade — one that plunges a staggering 11,500 feet. The twist? It's completely invisible to the human eye. Located deep beneath the ocean's surface between Greenland and Iceland, the Denmark Strait cataract is the largest waterfall on Earth — and no one will ever witness it in person. This underwater marvel moves over 3.2 million cubic meters of water per second, far more than any river on land. Yet its existence remained unknown until scientists began studying ocean temperatures, salinity, and currents in this icy part of the Atlantic. What makes Denmark Strait the world's largest waterfall and why it's invisible The Denmark Strait cataract is an undersea waterfall formed where cold, dense water from the Nordic Sea meets warmer, lighter water from the Irminger Sea. This dramatic temperature and salinity difference causes the heavier water to plunge downward in a massive cascade beneath the ocean surface. First identified through thermal and salinity mapping, this phenomenon doesn't roar or mist like terrestrial waterfalls. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Indonesia melirik jet tempur J-10 milik China. Mengapa para pakar memperingatkan untuk hati-hati? CNA Indonesia Baca Undo Instead, it silently flows through the darkness, shaped by a submerged ridge left behind by glaciers during the Last Ice Age approximately 11,500 years ago. In sheer height and volume, it surpasses all known waterfalls. Niagara Falls measures about 181 feet, and Angel Falls 3,212 feet, but the Denmark Strait cataract plunges nearly four times deeper. Its hidden nature makes it one of the most fascinating and powerful forces in Earth's ocean systems. A hidden force that regulates Earth's climate Beyond its jaw-dropping size, the Denmark Strait cataract plays a critical role in maintaining global climate stability. As the cold Arctic water descends into the Atlantic, it powers the Atlantic Meridional Overturning Circulation (AMOC), a massive oceanic conveyor belt that distributes heat and nutrients across the world's oceans. This deep-sea flow moderates temperatures in Europe, sustains marine biodiversity, and drives large-scale weather patterns. But the system is fragile. Climate change and warming Arctic waters are threatening the delicate balance of temperature and salinity that keeps this waterfall flowing. A disruption could weaken AMOC, raising ocean temperatures, intensifying hurricanes, and shifting climate zones worldwide. Marine scientists already see early signs of impact, such as the weakening of winter winds along the Catalan coast. Out of sight, yet incredibly influential, the world's largest waterfall is a silent engine behind the rhythms of Earth's climate.

Fact Check: Did an Ocean Current Reverse?
Fact Check: Did an Ocean Current Reverse?

Newsweek

time09-07-2025

  • Science
  • Newsweek

Fact Check: Did an Ocean Current Reverse?

Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. For years, climate experts have been sounding the alarm about the worsening impacts of global warming, and a report made by a European news wire agency over the weekend heightened the concerns in an alarming manner after reporting the first-ever reversal of an ocean current that could have "catastrophic" impacts. The Claim On July 5, IntelliNews published a report titled "Southern Ocean current reverses for first time, signaling risk of climate system collapse." The report states that the Deep Western Boundary Current (DWBC), a key component to the Atlantic Meridional Overturning Circulation (AMOC) that circulates water within the Atlantic Ocean, reversed direction for the first time ever, a "catastrophic" event that would accelerate global warming and disrupt global weather patterns. The alarming report cited a press release from El Institut de Ciències del Mar, a Spanish state research institute, which referenced a recent study published in the peer-reviewed Proceedings of the National Academy of Sciences (PNAS) by the University of Southampton. A stock photo of icebergs in Antarctica, where the Southern Ocean is located. A stock photo of icebergs in Antarctica, where the Southern Ocean is located. Oleksandr Matsibura/Getty The Facts What is the AMOC? The National Oceanic and Atmospheric Administration (NOAA) describes the AMOC as a "component of ocean circulation, which constantly moves water, heat, salt, carbon, and nutrients north-south within the ocean basins, and ultimately between the ocean basins and around the globe." The AMOC brings warm water north and cold water south. In a video about how the currents work, NOAA said that "as the ocean warms, the circulation may slow down, making it less effective at drawing carbon dioxide and especially heat out of the atmosphere." A reversal of the circulation would certainly be cause for concern. However, the PNAS study does not mention reversing ocean currents or the AMOC. What the study found Instead, the study discusses surface salinity of the Southern Ocean. Between the 1980s and 2015, the surface of the polar Southern Ocean was freshening, or growing less salty. The study said this coincided with an expansion of Antarctic sea ice. New satellite data referenced in the study found a "marked increase in surface salinity" across the Southern Ocean over the past decade, which has "weakened upper-ocean stratification, coinciding with a dramatic decline in Antarctic sea ice coverage." "Our study found that surface salinity in the Southern Ocean has been increasing while sea ice has declined," the PNAS study's lead author Alessandro Silvano told Newsweek. "This was unexpected, as melting sea ice is generally thought to freshen the ocean surface. The results suggest that our understanding of the Antarctic system—and how it may evolve—is incomplete." Reports of an erroneous press release It is unclear if IntelliNet is referencing the June 30 PNAS study, considering it mentions a July 2 study in the report, although it doesn't cite the source. A report from German news site said the IntelliNet article was based on an erroneous press release from El Institut de Ciències del Mar about the June 30 study that allegedly included a flawed quote from study co-author Antonio Turiel regarding ocean circulation. Turiel told Newsweek that the flawed quote was partly a result of mistranslation. "Our original press note contained some wrong sentences, partly caused by mistranslation, partly caused by a wrong use of words on my side. That's the reason of the correction," he said. Turiel added that the paper also found evidence that "isopycnals have shoaled, so effectively there is a change in the structure of Southern Ocean." This doesn't indicate a change in direction for the current, Turial said, but that "it is likely that there is a change in the configuration of the currents." A spokesperson with El Institut de Ciències del Mar told Newsweek that the press release has been updated, and Turiel's quote was corrected. However, the IntelliNews report still claims the current has been reversed. Silvano told Newsweek the story has "several issues." "We do not talk about DWBC in our recently published work. The AMOC is not collapsing this year," Silvano said. "There have been issues over the social media and press," he added. The Ruling False. The recent PNAS study does not claim the DWBC is collapsing, as reported by IntelliNews. However, the study's findings are still concerning. "If this salinity increase continues, it could enhance vertical mixing, drawing heat from deeper ocean layers to the surface and further accelerating sea ice melt," Silvano told Newsweek. "This suggests the potential for a self-sustaining feedback loop, where reduced sea ice cover perpetuates further loss. Diminished sea ice coverage can have important consequences, including ocean warming, increased iceberg formation, and threats to marine wildlife." FACT CHECK BY Newsweek

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