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Henry Chen: From Wall Street to Digital Asset

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Henry Chen: From Wall Street to Digital Asset

The modern world of business is demanding more of entrepreneurs and leaders than ever before; it’s no longer possible for a professional to lead purely on a technical basis, nor on an operational one. Few business leaders are able to become the hybrid executives that are so necessary to modern growth and transformation initiatives. The ones that rise to the challenge can’t help but stand out.

Henry Chen is one such example. As a seasoned finance professional and entrepreneur in the fintech and blockchain industry, his expertise with the technology that’s driving the modern world has been well-proven. When that is combined with another 15 years of experience across investment banking, private capital management, and digital asset markets, Henry Chen represents a unique bridge between traditional finance and modern digital ecosystems. His professional journey ranges from UBS and Goldman Sachs to KU Holdings (Parent of KuCoin) and Summer Capital, culminating in his current role as Chief Business Officer at SNZ Holding.

Henry Chen’s transition from global banking institutions into senior strategic roles at finance and fintech companies like KU Holdings and Summer Capital is not a common one for a reason. Being able to strike the balance between institutional discipline and digital innovation is a rare skill, but it’s one that’s becoming more important for business leaders every year. Well-rounded and holistic leadership is crucial in a world with increasingly globalized and technology-driven markets.

“The ability to ‘speak both languages’ is crucial,” Henry says. “You need to understand how bankers, regulators and institutional investors think, and at the same time appreciate how developers, founders and crypto‑native communities operate.”

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Traditional Finance Vs. Digital Ecosystems

Having served in high-performing leadership roles in both traditional investment banking environments and high-growth digital asset ecosystems, Henry Chen has developed a well-rounded understanding of both fields—and how they intersect. Both environments left him with foundational understanding that could be leveraged elsewhere, and by synthesizing the two he was able to develop a leadership philosophy capable of bridging the gap between them.

“It has given me a 360‑degree view of how capital, technology, and financial markets correspond to each other,” Henry explains. “My philosophy today is about combining these worlds: being entrepreneurial, open to experimentation and caring about individual mentality, while still insisting on governance, operational efficiency, and commercialization models that can stand up to institutional scrutiny. I try to be a bridge between builders and institutions, translating highly technical concepts into clear business and regulatory language, and vice versa.”

So what are the big differences between these two environments? Put simply, the traditional financial institutions are highly structured and value predictability, while the fintech and digital ecosystems are defined by speed, scalability, and open-source collaboration. It’s an old dichotomy: structured, predictable, execution-focused institutions on one side; flexible, fast, disruptive, and innovative startups on the other. Banks and other traditional institutions are built around structured processes, well-defined product lines, and regulated workflows, with innovation following regulator guidance and client demand. In digital fintech and blockchain systems, the constant creation of new primitives, the prediction market, and real-world asset tokenization represent an iterative, experimental, and consensus driven environment.

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“At global investment banks, I learned the importance of sustainable business model, market positioning and fundamental valuation methodology, institutional‑grade operational processes, cross-team collaboration, and long‑term client relationships, which has deeply influenced how I make decisions and mobilizes team resource even in fast‑moving crypto markets,” Chen recalls. “On the digital asset side, particularly at SNZ and Summer Capital, I was exposed to founder‑driven innovation, rapid product cycles, and community‑centric ecosystems and focus on humanity, that move at a very different pace from traditional finance.”

The hierarchical institutional stability, precision, and quality of traditional institutions focus on measurable success and maximal profitability. The open-source, freely experimental, and deeply creative blockchain environment focuses on speed and innovation. The two fields seem to have few things in common, but however dichotomous they may seem, the two environments’ strengths and values can in fact be brought together. It just takes someone who understands both sides, and Henry Chen has established himself as precisely that.

“Having operated in both worlds, I see my role as importing institutional discipline into crypto, while preserving the creativity and openness that make this industry so compelling,” he says. “At the end of day, any technology, business model, or project shall be built to serve some real purposes and use cases—which is essentially the human being, and organizations from the real world. It’s just a matter of differentiated or upgraded process, methodology or approach.”

A Strategic Blend Of Expertise

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Henry Chen’s unique blend of leadership experience and expertise have made him uniquely valuable in a strategic role as the both traditional and blockchain financial ecosystems evolve. At KU Holdings (parent of KuCoin), Summer Capital, and in his current role with SNZ, his strategic priorities have been focused on branding and networking, with an eye for building long-term business sustainability and the creation of real economic value. Chen’s goal is to position SNZ as a long-term, credible, capable, and resourceful partner to both builders and institutions—whether they’re traditional finance or crypto natives—around the world, but particularly in Asia.

Henry’s rigorous foundation in financial infrastructure across both consumer and institutional markets—courtesy of his career at investment banks like Goldman Sachs and UBS—allows him to identify use cases for blockchain and crypto technologies, while his experience in those digital environments lets him draw clear connections between modern technology projects and cases he’s experienced in the past. The result is that he can identify viable business models, high-potential products, and feasible corporate strategies instead of getting drawn into interminable hype cycles or falling victim to crypto market price volatility and noise.

“Economic value is about making sure we are not only capturing short‑term trading or speculative upside, but also enabling new infrastructure, use cases, and revenue streams that benefit users, communities, and shareholders in a measurable way,” Chen says. “In such fast‑evolving markets, discipline on these three dimensions helps us avoid chasing noise and instead build something compounding and durable.”

It’s a skillset that Henry Chen expects to only grow more valuable in the coming years. He expects to see digital finance move from the periphery to the core of global capital markets over the next five years, driven by tokenization, programmable assets, and more mature regulatory regimes. Additionally, he predicts a convergence between traditional financial infrastructure and blockchain rails, where assets like securities, funds, and collateral are issued and managed on-chain (even if users don’t see the underlying technology).

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“Experienced institutional leaders will play a key role in this transition by translating between regulatory expectations, risk frameworks, and the capabilities of decentralized technologies,” Chen explains. “Their job is not to slow innovation, but to shape it in a way that is sustainable, compliant, and accessible to a much broader set of participants.”

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These 5 equity mutual funds lose over 20% on SIP investments in 1 year. Do you own any?

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The Economic Times

Five equity mutual funds delivered negative SIP returns over one year, with XIRRs between minus 20% and 28%, leaving monthly Rs 10,000 investments barely above contributions, highlighting short-term market volatility.

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Vedanta declares Rs 11/share interim dividend; total payout at Rs 4,300 crore

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Vedanta declares Rs 11/share interim dividend; total payout at Rs 4,300 crore
Metal major Vedanta Limited on Monday declared a third interim dividend of Rs 11 per share for the financial year 2026. The company will incur a payout of Rs 4,300 crore.

The company has fixed Saturday, March 28, as the record date for determining shareholders’ eligibility to receive the dividend payout.

The decision was taken in a board meeting held on Monday, and the company informed the exchanges during the market hours.

Vedanta shares today fell 6% to hit the day’ low of Rs 634.25 on the NSE amid a bloodbath on the D-Street. The heartbeat Nifty index fell 640 points or 2.8% intraday to hit the day’s low of 22,471.25.

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Vedanta dividend history

The Anil Agarwal-promoted company has declared 49 dividends since July 23, 2001, according to Trendlyne data. In the past 12 months, Vedanta has declared an equity dividend amounting to Rs 23 per share. At the current share price, Vedanta’s dividend yield is 3.59%.


Vedanta shares have delivered nearly 40% returns over a one-year period, outperforming the benchmarks Nifty and the BSE Sensex, whose returns are nearly -3% and -5%, respectively, in the same period.
However, the shares have seen a 5% over the past month, largely on the back of the ongoing Iran-Israel war, which is now in its fourth week. Apart from unfavourable market sentiments, Monday’s weakness can also be attributed to the order of the Supreme Court last week, which upheld the Bombay High Court’s ruling that the conglomerate is not entitled to procure high-speed diesel (HSD) at concessional rates against Form C.

The high court had found that Vedanta used HSD for purposes other than mining, including resale to transporters and private parties. It noted that the company’s tax registration certificate restricted the use of fuel to running and maintenance of machinery for mining and processing iron ore for sale.

Vedanta had obtained tax registration under the Goa Value Added Tax Act and the Central Sales Tax Act, which was renewed periodically. However, after the introduction of the compiled GST regime in 2017, the company migrated to the new system but continued to pay central sales tax on HSD purchases and retained its VAT registration.

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Tax authorities denied Form C to Vedanta, stating that the company had ceased to be a dealer under the Central Sales Tax Act and that its registration had become infructuous. Vedanta was trying to use Form C in order to avoid local value-added tax of 19% on diesel purchased from Karnataka by availing a concessional rate of 2%, the tax department argued.

The court held that the registration certificate allowed concessional diesel only for running mining machinery, not for resale or supply to third-party transporters. The shares of the company plunged 5% to trade at Rs 637, the lowest level seen by the stock since February 1 this year.

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ASX tumbles to lowest level since May as war drags on

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ASX tumbles to lowest level since May as war drags on

Australia’s share market has trimmed some losses but still ended at its lowest level since May 2025, as the Middle East conflict continues to wreak havoc on energy prices.

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Zomato’s fee hike to boost margins, demand still intact : Jignanshu Gor

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Zomato’s fee hike to boost margins, demand still intact : Jignanshu Gor
Zomato’s latest move to raise its platform fee has reignited debate over pricing power, profitability, and consumer behaviour in India’s fast-evolving food delivery and quick commerce market. While the hike nudges it ahead of Swiggy on effective charges, analysts believe the broader story remains one of improving margins rather than weakening demand—at least for now.

Breaking down the math, the revised platform fee of Rs 14.9, along with GST and additional charges, pushes the effective burden higher than its closest rival. Addressing this shift, Jignanshu Gor from Bernstein India said in an interview to ET Now, “Zomato’s hike now makes it higher than Swiggy.” He added that both players have historically moved in tandem on pricing, given the duopolistic nature of the market, and expects Swiggy could follow suit.

The increase—from Rs 12.5 earlier to Rs 14.9—marks nearly 19% growth, which Gor described as “significant growth to profitability.” With Zomato’s adjusted EBITDA per order hovering between Rs 20 and Rs 22, even a modest Rs 2.5 increase can meaningfully boost margins.

However, pricing power comes with its own set of risks. A key concern remains whether higher fees could impact customer behaviour over time. Gor acknowledged that platforms are still experimenting: “The platforms need to find a sweet spot… to ensure that it does not hurt demand elasticity.” At present, the fee accounts for roughly 3% of gross order value, a level he believes is sustainable without denting demand.

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Interestingly, a large portion of these fees is not retained. Gor highlighted that “only around 40% of the fee is realised, the remaining is ploughed back as discounts.” This indicates that while headline fees are rising, net realisations remain moderated by competitive discounting strategies.


On the quick commerce front, competition has intensified, particularly since October. Yet, the pace of escalation appears to have stabilised. According to Gor, “the competition in discounting has intensified since October, but… it has largely been stable so far.” Instead of aggressive pricing, players like Flipkart, Amazon, and Zepto are focusing on expanding dark stores and product assortment to capture market share.
Despite concerns around rising costs—especially commercial LPG prices affecting restaurants—demand trends have remained resilient. Gor observed, “we are not seeing necessarily demand curtailment so far.” Even with menu reductions and operational challenges faced by some outlets, order volumes and app usage metrics continue to hold up. Delivery capacity, in fact, remains tight during peak hours, indicating sustained demand.From a market perspective, Zomato’s sharp stock correction from its highs has raised eyebrows. Yet, analysts see this as a function of valuation reset and ownership dynamics rather than a breakdown in fundamentals. Gor pointed out that “we do not think anything has broken in the promise… for the stock price correction to be warranted.”

Looking ahead, profitability in quick commerce could be a turning point. Gor expects that “the loss-making days… are largely behind them,” with EBITDA margins potentially turning positive in the coming quarters. This, along with steady food delivery growth, could help rebuild investor confidence.

That said, the road ahead is not without challenges. The biggest uncertainty, according to Gor, is the size of the addressable market. Slowing growth rates have triggered concerns reminiscent of the food delivery slowdown seen in 2023–24. “The TAM is a bigger problem… than competition,” he remarked, underscoring investor anxiety around long-term scalability.

Competition, however, remains a critical variable. The presence of players like Zepto, along with aggressive moves by Amazon and Flipkart, could influence pricing strategies and profitability trajectories in the near term.

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Adding another layer of complexity is the potential impact of GLP-1 drugs on consumption patterns. Gor believes this could emerge as a meaningful factor in the second half of the year: “We expect it will become a part of the food delivery conversation… it will have some impact.” While reduced food intake could lower order frequency, higher average order values and a shift towards healthier offerings may offset some of the downside.

In the near term, Zomato’s fee hike appears less about stretching consumers and more about strengthening its financial backbone. The real test, however, will lie in balancing profitability with demand in an increasingly competitive and evolving market landscape.

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Applied Nutrition profits surge 77% as sales rise and firm says ‘innovation engine is stronger than ever’

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Business Live

Merseyside firm says it expects to hit full-year targets despite war disruption

Coleen Rooney with a packet of Applied Nutrition Diet Protein and branded water bottle

Coleen Rooney with a packet of Applied Nutrition Diet Protein and a branded water bottle(Image: Applied Nutrition/PA)

Merseyside’s Applied Nutrition has seen profits soar in the past six months as sales have risen – and says it still expects to meet full-year revenue targets despite the impact of the Iran war.

The sports nutrition business said pre-tax profits for the six months to January 31 stood at £20.9m, up 77.1% on a year earlier. Sales rose 56.5% to £74.5m.

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In its half-year statement, the company said it was “cognisant” of disruption to shipping routes and purchasing habits in the Middle East with the Iran war and predicted “some reduction” in sales volumes into the region in the current half-year. But it said it still expects to meet full-year revenue targets of around £140 million.

The group said successes over the year included its first out-licensing agreement with Morrisons, extending the Applied Nutrition brand into “mainstream grocery” with new high‐protein food products. It said it had also seen growth in Europe, Latin America and Asia. Work has also begun on the group’s global distribution facility and head office, as well as phase 3 of a factory extension which “will increase revenue capability to £300m”.

Applied Nutrition floated on the London stock market in 2024. The business has been backed by JD Sports and by TV personality Coleen Rooney, who in February increased her stake in the business.

Thomas Ryder, CEO of Applied Nutrition, said: “Our vision to become the world’s most trusted and innovative sports nutrition, health, and wellness brand remains at the heart of our ambition. This six-month period has further highlighted both the breadth of opportunity before us and our proven ability to realise it. The performance and momentum across the business reflects a consumer environment that continues to shift decisively towards health, fitness and wellbeing.

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“We have continued to execute against our strategic priorities in the period, with deeper engagement and expanded shelf space with existing customers, new customer wins and entry into new channels, continued international rollout into new geographies, while further progressing the build-out of our D2C offering.

“Since our IPO, we have seen an uplift in our profile, awareness, trust and credibility – exactly as we had envisaged, but even more impactful than we could have anticipated. This has enabled us to move faster and think bigger, with an innovation engine that is stronger than ever, allowing us to bring new products to market at pace, deepen customer relationships and adapt quickly to evolving consumer needs as we continue to build the business for the long term.”

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Berenberg downgrades Beiersdorf stock rating on weak growth outlook

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Berenberg downgrades Beiersdorf stock rating on weak growth outlook

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Is Canva Down Today? Brief Loading Issues Resolved After Morning Disruption for Some Users

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Canva

Popular graphic design platform Canva experienced a short-lived service disruption on March 23, 2026, affecting some users who reported difficulties loading the website and accessing designs. The issue, which surfaced early in the Australian Eastern Daylight Time zone, was quickly addressed and marked as resolved by Canva’s official status page.

Canva
Canva

Canva’s status dashboard at canvastatus.com detailed the incident starting around 09:44 AEDT (Australian Eastern Daylight Time), equivalent to late evening March 22 in many global time zones including parts of the Americas. Users attempting to open designs encountered a 503 error — a server-side status code indicating the service was temporarily unavailable or overloaded. Canva acknowledged the problem under the title “Some users may encounter issues loading Canva,” stating engineers were investigating.

By 10:09 AEDT, the company updated the incident to “Monitoring” mode after applying a fix, confirming they were watching for stability. The resolution came shortly after, with a final note: “This incident is now resolved. Thank you for your patience and understanding.” No widespread global outage persisted into the afternoon, and third-party monitors like Downdetector showed no current problems as of mid-day March 23, though isolated user reports from the previous evening lingered in social feeds.

The disruption coincided with Sunday evening/Monday morning in various regions, a peak time for students, freelancers, and small businesses finalizing presentations, social media graphics, or marketing materials. Frustration echoed across X (formerly Twitter), where users vented about lost progress on time-sensitive projects. One user lamented spending six hours on a university presentation only for Canva to fail, questioning if autosaves preserved their work. Another in the Netherlands reported a server error, while others tagged @canva directly for updates.

Canva responded promptly to at least one query, directing affected users to the status page for real-time information. The company’s Help Center advises that crashes or freezes can stem from browser issues, intermittent internet, or app versions, but this event appeared server-related rather than client-side.

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Canva, headquartered in Sydney and boasting over 200 million monthly active users worldwide as of recent estimates, has grown into a cornerstone tool for non-designers since its 2013 launch. The platform offers drag-and-drop editing, thousands of templates, AI-powered features like Magic Studio, and integrations for printing, social scheduling, and team collaboration. Its free tier drives massive adoption among educators, marketers, and hobbyists, while Pro and Teams subscriptions unlock premium assets and advanced tools.

Outages, though infrequent, draw swift attention given Canva’s scale. Earlier in March 2026, separate incidents included media upload failures on March 12 (resolved in under 30 minutes) and a 503 error wave around the same period, both tied to temporary server hiccups. Historical context shows Canva has faced broader disruptions linked to third-party providers, such as Cloudflare challenges in late 2025 that blocked access alongside sites like X and ChatGPT, or AWS ripple effects in October 2025.

Monitoring services painted a mixed but improving picture. Downforeveryoneorjustme.com noted no active problems as of checks on March 23, with the most recent detected outage on March 22 lasting about one hour. IsItDownRightNow.com confirmed Canva.com was reachable with low response times in automated pings throughout the day. StatusGator reported operational status late March 22, with minimal user-submitted reports in the prior 24 hours.

Downdetector, which aggregates crowd-sourced complaints, indicated a spike in reports around 5:49 PM EDT on March 22 (corresponding to early March 23 in Australia), but declared no current issues by March 23 morning. Some variance existed across tools — one snapshot suggested problems beginning 46 minutes prior — but consensus pointed to resolution.

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For users impacted, Canva recommends checking autosave status (designs typically save in real-time on Pro plans) and refreshing browsers or clearing cache. The Help Center offers troubleshooting for crashes, including updating apps or switching networks. In severe cases, support via chat or email remains available.

This brief event underscores reliance on cloud-based creative tools. As remote work and digital content creation surge — Canva reported massive growth in education and small business sectors — even minor downtimes disrupt workflows. Competitors like Adobe Express, Figma (for more advanced design), PicMonkey, or free alternatives (Google Slides, Microsoft Designer) saw anecdotal mentions as backups during the hiccup.

Canva’s transparency via its public status page — a best practice among SaaS providers — helped mitigate panic. The company has invested in infrastructure resilience, including multi-region hosting and AI enhancements rolled out in 2025-2026, to handle peak loads.

As of March 23, 2026, at 06:30 PM KST (late afternoon AEDT), Canva operates normally across web, mobile (iOS/Android), desktop apps, and integrations. No follow-up incidents appeared on the status page or major monitors. Users experiencing lingering issues should verify local connections, as isolated network problems can mimic outages.

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The platform’s recovery highlights efficient engineering response times, often under an hour for targeted fixes. For millions relying on Canva daily — from teachers crafting classroom visuals to entrepreneurs building brands — reliability remains key. While this March 23 event was minor compared to past global disruptions, it serves as a reminder of the internet’s interconnected vulnerabilities.

Looking ahead, Canva continues expanding features like enhanced AI editing and enterprise tools. With no indication of recurring problems, the service stands ready for the week’s creative demands.

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GlobalData schedules AGM for April 28, 2026

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GlobalData schedules AGM for April 28, 2026

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Plans unveiled for huge new town near Bristol

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Business Live

The government is proposing to construct seven new towns in the UK

Brabazon Park with views of the lake and YTL Live entertainment complex

Brabazon Park with views of the lake and YTL Live entertainment complex(Image: Handout)

The government has announced plans to create a 40,000-home town in the West of England. The Brabazon and West Innovation Arc – a corridor of connected developments in South Gloucestershire – is one of seven areas that have been put forward as part of the proposals by Labour to build seven new towns in Britain.

A national consultation will be held on the plans as the government looks to ramp up housebuilding to a level not seen since the post-war era. Labour has pledged to build some 1.5 million new homes in England by the next election.

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The latest announcement comes after a dozen locations were shortlisted in September. The other towns under consideration are Crews Hill and Chase Park, Enfield; Leeds South Bank, West Yorkshire; Manchester Victoria North, Greater Manchester; Thamesmead, Greenwich; and Milton Keynes, Buckinghamshire.

On Thursday, housing secretary Steve Reed visited the West Innovation Arc with Helen Godwin, mayor of the West of England. He said: “The West of England is ready to build, and together with the new National Housing Bank, we’re laying the foundations our communities deserve.”

Helen Godwin, Mayor of the West of England, said: “The country’s fastest growing regional economy here in the West of England is the perfect place for a new town: Brabazon and the West Innovation Arc. As we continue to create jobs and growth, we need to build the right homes in the right places – with the services and infrastructure that people need.”

Prime Minister Sir Keir Starmer has promised to break ground on the new towns by 2029 in an attempt to tackle the housing crisis. Last year, he said the aim for the new towns is for at least 40 per cent of homes to be affordable.

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Brabazon includes the new Bristol Arena as well as some 6,500 homes, offices, student accommodation and a train station, and is being built on the historic former Filton Airfield by Malaysia-based YTL. The development is expected to create thousands of local jobs.

YTL UK Group chief executive Colin Skellett said: “We’re delighted that Brabazon and the West Innovation Arc has been included in the new towns consultation, it marks a crucial step further towards becoming the most exciting multi-purpose destination in the South West.”

He added: “The potential new town status will unlock even more homes and opportunities for Brabazon, along with the public transport and infrastructure needed to support it.”

Douglas Ure, new chief executive of South West chamber Business West, welcomed the news. He said: “This is exactly the kind of long-term public-private collaboration that drives tangible change, strengthening our key sectors, and improving connectivity between Bristol’s city centre and the region’s highest value employment areas.

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“High quality housing, modern transport links and robust cultural infrastructure are essential foundations for prosperity. Our businesses tell us time and time again that these factors are critical to attracting and retaining the talented and skilled workforce that they need. Brabazon and the West Innovation Arc will boost business confidence in our regional economy and help unlock further private sector investment in our region.”

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IHI: Pullback Creates A Buying Opportunity In High-Growth MedTech

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IHI: Pullback Creates A Buying Opportunity In High-Growth MedTech

IHI: Pullback Creates A Buying Opportunity In High-Growth MedTech

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