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Guardian
23h
78
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Slot machine firms target UK’s poorest areas and channel funds to billionaires
- Slot machine companies are targeting Britain’s poorest neighbourhoods to channel funds to billionaire-owned corporations and a Wall Street fund, a Guardian investigation reveals.
- The number of slot machine shops in the UK has increased by 7% since 2022, exploiting lenient planning and licensing laws to establish adult gaming centres (AGCs) in deprived areas.
- Many AGCs are open 24 hours a day and disproportionately located in the most impoverished neighborhoods, prompting concern from addiction experts and politicians.
- Coastal towns, including economically deprived ones, feature a high concentration of AGCs, with locations in areas like Great Yarmouth and Middlesbrough.
- MPs and addiction specialists are worried about the accessibility of slot machines, which are considered highly addictive, especially in vulnerable communities.
- Operators like Admiral and Merkur have expanded their operations in the UK, with AGCs contributing to over £530 million in gambling revenue.
- There are calls for stronger regulations and licensing powers to prevent the spread of AGCs in deprived areas, aiming to hold operators accountable.
- Major AGC operators, including Admiral Slots owned by Novomatic, and Merkur owned by the Gauselmann family, have faced scrutiny for their practices.
- Private equity firms are also involved in slot machine ownership, with a fund managed by Morgan Stanley owning the Game Nation chain.
- Concerns have been raised about the impact and societal costs of AGCs, as they are seen to exploit vulnerable populations while enriching wealthy corporations.
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Guardian
23h
276
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Five common banking mistakes – and how to avoid making them
- Many customers stick with big banks like HSBC, Lloyds, NatWest, and Barclays out of habit, even though they may not offer the best service.
- Consider switching to challenger banks like Chase, Monzo, and Starling for better service quality and features.
- Switching banks can be beneficial, with incentives like cash bonuses for moving accounts and easy, guaranteed processes.
- Avoid relying on overdrafts due to high interest rates; consider using a 0% credit card for better debt management.
- Leaving excess cash in accounts with little to no interest can result in loss of value; opt for accounts with higher interest rates.
- It's important to read the fine print on savings accounts to understand any restrictions or hidden fees.
- Regular saver accounts may offer good rates but limited monthly contributions; assess if they suit your savings goals.
- Packaged bank accounts with monthly fees for perks like insurance may not be cost-effective; review the benefits you actually need.
- Carefully evaluate packaged account benefits to ensure you are getting value for the fees you pay.
- Consider opting for unbundled services rather than packaged accounts to save money on unnecessary perks.
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Guardian
23h
243
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This pause in the trade war will be brief. Small businesses, plan accordingly
- The pause in the trade war due to Donald Trump's massive Chinese tariffs is temporary.
- Existing tariffs on Chinese goods, combined with additional taxes, amount to an effective rate of 30-40%.
- Trump's animosity towards China is persistent, indicating the likelihood of future trade tensions.
- Businesses are advised to prepare for potential fluctuations and impacts on their operations and costs.
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HinduBusinessLine
23h
220
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RVNL looks at SMRs as next business opportunity along with other green energy sources
- RVNL is exploring Small Modular Reactors (SMRs) as a new business opportunity along with other green energy sources, following the trend towards sustainable energy worldwide.
- MP Singh, Director (Operations) at RVNL, mentioned that they are evaluating SMR technologies and considering the creation of infrastructure through special purpose vehicles (SPVs) for projects like Bharatnet, Vande Bharat, and Port connectivity.
- India is actively developing and deploying SMRs as part of its energy transition strategy, aiming to have at least five indigenously developed SMRs operationalized by 2033.
- RVNL is diversifying into the energy sector from its infrastructure focus and is already involved in related sectors like transmission lines, solar projects, and the Revamped Distribution Sector Scheme (RDSS) in India and other countries such as Uzbekistan and Saudi Arabia.
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Medium
23h
261
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Where Are You on the GenAI Hype Cycle?
- The article delves into the parallels between the pharma industry and GenAI economics, emphasizing the importance of responsible and sustainable product development.
- Pharma and GenAI both involve costly investments in breakthrough innovations, balancing risk and potential impact on customers.
- R&D costs in pharma are significant, with drug development requiring smart bets to balance impact and success rates.
- The article highlights the challenges of developing new drugs, including extensive trials and regulatory approvals that can consume time and resources.
- Pharma companies often face the dilemma of tweaking existing drugs versus reinventing them entirely, considering factors like efficacy and cost-effectiveness.
- Efficiency and efficacy are crucial considerations for pharma leaders, similar to the trade-offs GenAI product managers must navigate.
- GenAI PMs are advised to prioritize ruthlessly and make smart bets based on user behavior insights, ensuring responsible decision-making in product development.
- Overheads in GenAI involve significant resources for scaling up features and models, akin to the infrastructure maintenance challenges faced by pharma companies.
- Profitability and cost management are vital for GenAI PMs, who must balance bold innovation with sustainable returns to create lasting value.
- Efficiency in handling large-scale GenAI models and infrastructure is a key focus area for product managers to deliver high-quality results at scale efficiently.
- The article stresses the importance for GenAI PMs to understand the trade-offs between efficiency and efficacy, and build features that integrate seamlessly into user workflows for real impact.
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Bloomberg Quint
23h
318
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China Gave Pakistan Satellite Support, Indian Defense Group Says
- Chinese involvement in the conflict between Pakistan and India included providing air defense and satellite support to Pakistan, as claimed by a research group under India's Ministry of Defence.
- China assisted Pakistan in reorganizing radar and air defense systems to detect Indian troop deployments more effectively.
- Adjustments to satellite coverage over India were made by Pakistan with China's help between a tragic event on April 22 and the escalating hostilities.
- China's involvement in providing logistical and intelligence support to Pakistan was highlighted by the Indian defense group, contrasting with the lack of public disclosure by India's government.
- China's Foreign Ministry and Defense Ministry did not respond to requests for comments, while India's relevant authorities also remained silent.
- The conflict between Pakistan and India saw significant military engagement, with both sides employing various weapons and strategies along their shared border.
- China's role in the conflict was described as a test ground for its weapons, with varying success rates reported by Indian military assessments.
- India's defense systems were commended for effectively countering Pakistan's drone usage, leveraging an integrated network of sensors for advantages.
- The conflict also raised concerns about the use of Chinese weapons in live fighting scenarios, such as the J-10C fighter and PL-15 air-to-air missile.
- The complex dynamics between India, Pakistan, and China underscored the ongoing tensions and strategic calculations in the region, particularly concerning disputed territories like Kashmir.
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HinduBusinessLine
23h
307
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Mumbai Metro trying to extract monopolistic rents from telcos: COAI
- COAI Director General Dr. S.P. Kochhar dismissed reports of monopolistic rents by Mumbai Metro as baseless allegations.
- Kochhar argued that Mumbai Metro is trying to extract monopolistic and extortionate rents for providing mobile network connectivity.
- COAI stated that Mumbai Metro ignored TSPs' offer for a common network and instead appointed a third-party vendor with unviable rates.
- TSPs are willing to invest in setting up networks inside the metro but object to the alleged extortionate rates being charged by Mumbai Metro.
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HinduBusinessLine
1d
11
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Keystone Realtors aims 32% growth in housing sales bookings to ₹4,000 cr in FY26: CMD
- Keystone Realtors achieved a 34% increase in pre-sales or sales bookings to ₹3,028 crore in the last fiscal year, surpassing its annual guidance.
- The company aims for a 32% growth in sales bookings to reach ₹4,000 crore in the 2025-26 fiscal year, with a focus on expanding in Mumbai Metropolitan Region (MMR) and other cities in Maharashtra state.
- Keystone Realtors plans to invest in acquiring land parcels, with 9 land parcels acquired in the last fiscal that could generate sales potential of ₹4,783 crore in the coming years.
- The company reported a 69% increase in consolidated net profit to ₹188.13 crore last fiscal and continues to focus on an asset-light model with a pipeline of over 40 million square feet of construction area in progress.
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HinduBusinessLine
1d
363
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China extended satellite support to Pakistan, says research group under Indian Defence Ministry
- China assisted Pakistan in reorganising its radar and air defence systems to better detect India's troop and weaponry movements, as per Ashok Kumar, director general at the Centre For Joint Warfare Studies.
- China aided Pakistan in adjusting its satellite coverage over India, providing logistical and intelligence support to Islamabad beyond supplying weapons during the conflict.
- The Centre for Joint Warfare Studies, an Indian think tank, highlighted China's involvement in assisting Pakistan amidst the conflict, though the Indian Government hasn't publically confirmed this.
- The conflict between India and Pakistan escalated following a massacre on April 22, with both countries engaging in air, drone, missile strikes, and artillery fire. The involvement of world powers and ceasefire agreements have been key developments.
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HinduBusinessLine
1d
0
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Consumer product companies face challenges in implementing food-grade recycled plastic norms
- There is a shortage of FSSAI-approved food-grade recycled PET material compared to the demand from consumer product brands.
- Consumer product companies are required to incorporate 30% recycled plastic in Category-1 packaging by FY26 as per Ministry regulations.
- Only five out of 20 recycled PET manufacturers have received FSSAI approvals, limiting brands' access to the existing capacity.
- Industry stakeholders are urging the government to align labelling guidelines of FSSAI with Plastic Waste Management rules to avoid confusion.
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TronWeekly
1d
307
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3 Hidden Gems Are Booming—These Are The Best Crypto to Buy This Month
- The cryptocurrency market is witnessing a surge in activity with Bitcoin reaching new highs, leading to increased interest in the best crypto to buy this month.
- Qubetics, Ethereum, and Solana are among the top contenders gaining traction, with Qubetics standing out for its innovative DeFi and blockchain interoperability solutions.
- Qubetics' crypto presale in its 34th stage has sold over 512 million tokens, raising $17 million, offering potential ROI of up to 5,822% at $15 after the mainnet launch.
- Qubetics focuses on improving blockchain interoperability and security with its Non-Custodial Multi-Chain Wallet and Decentralized VPN solutions, addressing key challenges.
- Ethereum's transition to Ethereum 2.0 and dominance in smart contracts space make it a top choice, offering better scalability and lower energy consumption.
- Solana, known for fast transactions and low fees, stands out for its scalability, handling over 65,000 transactions per second and revolutionizing payment processing.
- Qubetics, Ethereum, and Solana present unique investment opportunities, with Qubetics showing significant growth in crypto presale stages and potential for long-term gains.
- As top candidates for the best crypto to buy this month, these projects offer diverse benefits, with Ethereum and Solana as established leaders and Qubetics providing fresh solutions.
- Qubetics' innovative offerings, Ethereum's Ethereum 2.0 upgrade, and Solana's speed and scalability position them as leading choices in the evolving crypto market.
- Qubetics excels in solving privacy and interoperability issues, Ethereum in smart contracts, and Solana in fast, efficient blockchain solutions, catering to different needs of investors and users.
- With Qubetics' presale at an advanced stage and high token sales, along with the continuous developments in Ethereum and Solana ecosystems, these projects promise substantial returns and advancements.
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Bloomberg Quint
1d
352
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ECB’s Lagarde Says Euro’s Strength Is Counterintuitive, But Justified
- ECB President Christine Lagarde stated that the euro's strength against the dollar is due to the uncertainty and loss of confidence in US policies.
- Lagarde sees this as an opportunity for Europe and emphasizes the need for deepening the European Union to capitalize on this moment.
- Investors have been moving away from the US dollar this year, reflecting concerns over US policymaking including tariff policies and threats to the Federal Reserve's independence.
- Other ECB policymakers, like Vice President Luis de Guindos and Executive Board member Isabel Schnabel, also see potential for the euro to strengthen internationally if Europe enhances integration efforts.
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HinduBusinessLine
1d
33
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Anarock's FY25 revenue up 33% on higher property consultancy fees
- Anarock, a Mumbai-based firm, saw a 33% increase in revenue for the financial year 2024-25, reaching ₹566 crore.
- The growth was attributed to economic expansion driving demand for residential and commercial properties, with consultancy services in the housing segment contributing around 56% of the total turnover.
- Revenue also came from land deals, capital market transactions, office leasing consultancy services, project management, and various consultancy services in other segments.
- Anarock raised ₹200 crore for business growth, plans potential acquisitions, and currently operates with a staff of over 2,300 employees in key markets in India and the Middle East.
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