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AAK names Erhan Yildiz as innovation team leader

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Maye Musk’s AI-Tagged Birthday Tribute to Elon Musk Sparks Fresh Online Speculation and Mixed Reactions

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Illustration shows Elon Musk photo and Twitter logo

A birthday tribute posted by Elon Musk’s mother to mark his 55th birthday has drawn online scrutiny after a label briefly appeared on the images suggesting they had been generated or edited with artificial intelligence, reigniting longstanding speculation among some social media users about who actually runs the account.

Musk turned 55 on June 28, an occasion he celebrated with family and friends around a space-themed gathering featuring a towering cake styled after SpaceX’s Starship rocket. The dessert, finished in silver and black, stood upright on a launch-pad-style base rather than following a traditional layered design, with candles arranged near the bottom to create the appearance of engines igniting as Musk leaned in to blow them out. A second display featured a small-scale lunar base built from Lego blocks, rounding out the space-exploration theme.

Maye Musk, Elon Musk’s mother, shared images from the celebration on her account on X over the weekend.

“Happy birthday to my wonderful son. Elon Musk has given me 55 years of joy,” Maye Musk wrote.

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She added that it had been fun celebrating with family and friends, describing her son’s cake as a rocket and a moon base. According to social media users who reviewed the post, a “Made With AI” label was visible on the images for a period before being removed, prompting questions about whether the photos had been generated outright using artificial intelligence tools or simply edited with AI-assisted features after being taken. No definitive explanation for the label’s appearance or removal has been confirmed publicly.

The uncertainty fueled a range of reactions online. Some users expressed discomfort at the idea that artificial intelligence might have been used to commemorate a personal family milestone, with several replies questioning why anyone would choose to create or alter a birthday photo using AI tools rather than sharing an unedited image. Others used the moment to revive a recurring, unverified theory that has circulated periodically among some online communities: the suggestion that Musk himself operates or has influence over his mother’s social media account, rather than Maye Musk managing it independently. That theory has surfaced before, including after an earlier post from the same account that referenced personal biographical details in unusual third-person phrasing, which some interpreted, without confirmation, as a sign the account might not be solely controlled by Maye Musk. Others have suggested that instance could just as easily reflect a simple typo or a reference to an earlier generation of the family rather than evidence of any deeper pattern.

Despite the online back-and-forth over the AI label, the broader birthday celebration drew warm and largely conventional tributes from across Musk’s personal and professional circles. His sister, Tosca Musk, posted a brief message expressing love and well wishes for her brother. ARK Invest Chief Executive Cathie Wood, a longtime Tesla investor, extended birthday greetings to both mother and son. Boom Supersonic Chief Executive Blake Scholl prompted Musk to share a wish for the occasion, to which Musk offered a characteristically expansive response.

“I wished for a bright future for all mankind,” Musk said.

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Other public figures who marked the occasion included rapper Nicki Minaj, who credited Musk with his stewardship of the social media platform X, and Italian Deputy Prime Minister Matteo Salvini, who referenced Musk’s work across several of his ventures, including Neuralink, Starlink and reusable rocket technology.

The birthday arrived at a notable moment in Musk’s business career. The milestone came just weeks after SpaceX’s record-setting initial public offering, a listing that helped push Musk’s overall net worth to a level that has led some financial trackers to describe him as the world’s first trillionaire. Musk has continued to speak publicly about long-term, civilization-scale concerns in recent months, including repeated warnings about declining global birth rates, framing many of his public and political engagements around the stakes he associates with those demographic trends.

The episode surrounding Maye Musk’s birthday post is not the first time questions have arisen online about the authenticity or origin of social media content tied to the Musk family. As artificial intelligence tools for generating and editing images have become more widely accessible and increasingly difficult to distinguish from unedited photography, platforms including X have introduced labeling systems intended to flag AI-assisted or AI-generated content to viewers. The temporary appearance and subsequent removal of such a label on a high-profile, personal post like Maye Musk’s birthday tribute illustrates the kind of confusion that can follow even when the underlying intent behind the post, marking a family birthday, is relatively benign.

For now, neither Maye Musk nor Elon Musk has issued a public statement clarifying whether the birthday images were AI-generated, AI-edited or unaltered photographs from the family gathering, nor has either addressed the renewed speculation about who manages the elder Musk’s social media presence. The episode is likely to remain a passing point of online discussion rather than a substantive controversy, though it underscores a broader pattern in which even ordinary family moments shared by prominent public figures can become entangled in questions about authenticity once artificial intelligence tools enter the picture, however briefly.

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As is often the case with viral social media speculation involving public figures and their families, much of the conversation around the post has unfolded without any confirmation from those directly involved, leaving observers to draw their own conclusions about a birthday celebration that, label controversy aside, appeared by most accounts to be a fairly straightforward family gathering built around one of Musk’s most consistent personal and professional preoccupations: rockets, and humanity’s future among the stars.

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Draymond Green Declines Warriors Player Option, Clearing Path for LeBron James and Anthony Davis Pursuit

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Draymond Green, Luka Doncic

SAN FRANCISCO — Draymond Green has declined his nearly $28 million player option for the 2026-27 season, technically becoming a free agent Monday morning even as he is widely expected to re-sign with the Golden State Warriors on a new deal that would give the franchise added flexibility to chase a far bigger offseason prize: LeBron James.

ESPN’s Shams Charania first reported Green’s decision, which a league source later confirmed to The Athletic. Green faced a 5 p.m. ET deadline Monday to decide on the option, which was worth approximately $27.6 million to $27.7 million depending on the source. According to a team source, Green plans to keep his options open as the Warriors navigate the rest of the offseason, but the 36-year-old forward is expected to ultimately return for what would be his 15th season with the franchise.

The timing of Green’s decision is no coincidence. League sources told ESPN that the Warriors are planning an aggressive pursuit of James in free agency, which officially opens Tuesday, while simultaneously exploring a trade for Washington Wizards center Anthony Davis. Team and league sources had indicated for weeks that Green would likely turn down the one-year guarantee in favor of negotiating a longer-term contract at a reduced annual salary, a structure that would lower his cap charge for next season and give Golden State the financial room it needs to pursue a significant roster upgrade. NBA insiders Mark Stein and Jake Fischer had reported as far back as April that the Warriors’ preference was for Green to take exactly this path.

Golden State’s interest in James is not new, but the dynamics around his free agency appear to be shifting. Team sources had long believed James was likely to return to the Los Angeles Lakers, the team he has played for since 2018. However, negotiations between James and the Lakers in the lead-up to Tuesday’s free agency opening have reportedly stalled, a development that has opened the door for the Warriors to make a real push. Green’s decision to decline his option gives Golden State the ability to offer James the full $15.1 million non-taxpayer midlevel exception, regardless of whether a separate trade for Davis comes together.

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Any deal to acquire Davis from Washington would almost certainly require the Warriors to include star wing Jimmy Butler, who is on an expiring contract worth roughly $56.8 million to $57 million and is still working his way back from a torn ACL suffered earlier this year. Golden State would also likely need to attach draft capital, with the team holding two future first-round picks and four first-round pick swaps available to use in trade talks. Davis is set to earn $58.4 million in 2026-27 and holds a $62.7 million player option for the following season. Some league sources view any active pursuit of Davis as serving a dual purpose, both as a genuine roster upgrade and as additional motivation aimed at convincing James to leave Los Angeles for the Bay Area, given that the two won an NBA championship together with the Lakers in 2020 and have remained close friends since.

For Green himself, last season presented one of the more difficult offensive stretches of his long career with Golden State. He averaged 8.4 points, 5.5 rebounds and 5.5 assists per game, with his rebounding total marking his lowest output since the 2013-14 season and his assist numbers his lowest since 2014-15. Even as his offensive production declined, Green’s defensive impact remained a meaningful factor for the Warriors in favorable matchups, and he continued to serve as the team’s emotional anchor and one of its most respected voices in the locker room. Despite the offensive struggles, Green appeared in 68 games during a season in which the Warriors, like much of the league, dealt with a heavy run of injuries.

Golden State’s season ended with a loss to the Phoenix Suns in the Play-In Tournament in April. Speaking afterward, Green reflected on the difficulty of that stretch while making clear he still wanted to remain part of the organization moving forward.

“I think it’s pretty obvious, guys, where the hell I’m going,” Green said.

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That comment came amid broader uncertainty about Green’s future with the team, even as he continued to express confidence that his path forward remained with Golden State if the franchise wanted him back. The most memorable moment of his season, however, had nothing to do with his contract status. Two days before Christmas, Green left the bench during a game against the Orlando Magic following a heated, public argument with head coach Steve Kerr. Kerr publicly apologized for the exchange the following day, and by most accounts, the relationship between the two men appeared to strengthen rather than fracture in the aftermath of the incident.

Throughout the season, Green has been outspoken about wanting to protect the foundation he helped build in Golden State over more than a decade, repeatedly emphasizing that the culture and success the team established should be designed to outlast any individual player, including himself, rather than serving only the present roster.

With free agency set to officially open Tuesday, the Warriors now find themselves with newly created flexibility, a roster anchor in Stephen Curry, a head coach returning in Kerr, and a stated ambition to pursue two of the league’s bigger remaining names this offseason. Whether that pursuit ultimately lands James, Davis, both or neither remains to be seen, but Green’s decision Monday removed one obstacle standing in the way, even as it leaves his own contract situation technically unresolved for the time being. For a player who has spent his entire 14-season NBA career with one franchise, all available signs point toward that streak continuing into a 15th year, just on a different financial footing than the one he walked away from Monday afternoon.

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Electric vehicle infrastructure firm Plug Charging makes another acquisition

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The Cardiff-based firm has made its third acquisition in a year.

Plug Charging.

Cardiff-based Plug Charging has acquired electric vehicle infrastructure specialist Energy Park.

The acquisition marks Plug Charging’s third in the last year, following the integration of charging assets from Wattif and Pilot Group. The transactions forms part of the company’s wider buy-and-build strategy, positioning Plug Charging as one of the UK’s fastest-growing independent charge point operators, as it continues to look at further acquisitions

The Energy Park deal, the value of which has not been disclosed, significantly strengthens Plug Charging’s presence in North Wales, a region where electric vehicle adoption continues to accelerate.

The acquisition also expands the company’s reach into key locations across England, supporting its ambition to deliver reliable charging infrastructure in areas underserved by larger national operators. The UK electric vehicle (EV) charging market is entering a period of consolidation as operators face increasing pressure to achieve scale, maximise asset utilisation and deliver consistent service levels.

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Plug Charging said it is actively capitalising on this opportunity, combining strategic acquisitions with organic deployment to build a UK-wide charging network. Alongside its growing commercial charging network, Plug Charging continues to deliver charging infrastructure projects through a number of national and regional procurement frameworks.

Jarrad Morris, founder and chief executive of Plug Charging, said: “This acquisition is about scale. The charging market remains fragmented, with many high-quality assets sitting within smaller networks. Our strategy is to bring those assets together under a single operating platform, improve performance and customer experience, and build a national network with the scale needed to succeed long term.

“Energy Park has developed an excellent portfolio of sites in strategically important locations and we’re excited to bring them into the Plug Charging network. This is our third acquisition in 12 months, and we continue to see significant opportunities across the market.

“North Wales is a particularly important market for us. EV adoption continues to grow rapidly, but charging infrastructure has not always kept pace. This acquisition strengthens our position in the region and supports our wider mission of delivering high-quality charging where it is needed most.”

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Stolen surfboard led California teen to launch world’s oldest surf shop

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Stolen surfboard led California teen to launch world's oldest surf shop

A surfboard stolen from a California teenager nearly seven decades ago helped launch what has become one of the world’s most recognizable handcrafted surfboard brands.

FOX Business correspondent Kelly Saberi joined FOX Business’ Stuart Varney on “Varney & Co.” to highlight Harbour Surf Shop in Seal Beach, California, home to the world’s oldest surfboard manufacturing shop operating continuously from the same location. 

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Founded after Rich Harbour decided to build his own board when his original was stolen, the shop continues to operate from the same location, preserving many of the original tools and shaping templates that helped establish its reputation.

Surfers lined up with their surboards

Surfers lined up with their surfboards in San Diego, California. (Getty Images)

Current owner Robert Howson said the company’s focus has never been chasing professional surfing trends, but instead understanding everyday surfers.

BELOVED PIZZA CHAIN TURNS AMERICA’S 250TH BIRTHDAY INTO SUMMER-LONG CELEBRATION

“I think the level of appreciation for handcrafted products is improving globally… We are not one that follows necessarily professional surfing as a barometer to the success of surfing. We take a look at the people that are at the beach. What are they enjoying?” Howson said.

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That philosophy has helped keep the brand relevant across generations. Each surfboard is still crafted in the original shaping room, and the company produces only about 400 boards each year, emphasizing quality over volume.

MCDONALD’S BRINGING BACK FRIED APPLE PIE TO CELEBRATE AMERICA’S 250TH BIRTHDAY

Harbour Surfboards has also earned a place in pop culture. The company’s iconic triangle logo appeared in the 1959 film, “Gidget,” and later in a 1965 television series starring Sally Field, introducing the brand to audiences well beyond Southern California.

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Nearly 70 years after one missing surfboard changed Rich Harbour’s path, the shop remains a symbol of American craftsmanship, proving that a small business built on quality and tradition can leave a lasting legacy.

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China Cracks Down on Illegal Cross-Border Trading to Curb Capital Outflows

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China Cracks Down on Illegal Cross-Border Trading to Curb Capital Outflows

China has initiated a rigorous campaign to combat illegal cross-border trading in an effort to curb capital outflows. The initiative aims to crack down on illicit financial flows that threaten economic stability, with authorities emphasizing stern measures. This unprecedented move signals China’s determination to strengthen capital controls and prevent capital flight, potentially impacting international trade and financial activities.


China has recently intensified efforts to crack down on illegal cross-border trading, aiming to protect its economic stability and uphold trade regulations. The authorities have increased inspections at ports and borders, targeting illegal shipments and underground trading networks that undermine legitimate commerce. These measures are part of a broader initiative to promote fair trade practices and safeguard consumers from counterfeit goods.

The crackdown also targets cyber-enabled cross-border transactions, which have surged with the rise of digital platforms. Authorities are monitoring online marketplaces and financial channels to detect illicit activities such as smuggling, money laundering, and the sale of prohibited items. This comprehensive approach seeks to dismantle illegal networks and strengthen regulatory enforcement across borders.

China’s efforts to curb illegal cross-border trading reflect its commitment to fostering a transparent and sustainable trade environment. By addressing these illicit activities, the government aims to boost domestic industries, protect intellectual property rights, and ensure a balanced global trading system. Such actions reinforce China’s dedication to lawful and stable international commerce.

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‘Good growth in every British postcode’: Business reacts to Andy Burnham’s speech and devolution plans

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Likely next PM pledges ‘biggest rebalancing of power our country has seen’ and support for businesses

MP for Makerfield, Andy Burnham, delivers a speech at The People's History Museum

Andy Burnham delivered his first major speech since Sir Keir Starmer announced his resignation(Image: Getty Images)

Andy Burnham’s pledges to create a number 10 North and to create ‘good growth in every British postcode’ have been welcomed by business leaders in the North and across the UK.

Mr Burnham is expected to become the UK’s next Prime Minister after his victory in the Makerfield by-election, and today in Manchester gave his first speech outlining his plans for office. He promised to create the “biggest rebalancing of power our country has seen”, creating a ‘Number 10’ in the North based in Manchester to help shift decision-making from Whitehall.

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Mr Burnham also promised support for business, including making sure that Whitehall backs British companies. He said: “For too long, UK public procurement policy has been based on chasing cut-price deals around the world rather than helping our own British-based suppliers become more stable and competitive.

“No more. From here on, every pound raised from taxpayers will work harder for them, and that approach will apply fully to the defence investment plan.”

Mr Burnham added he will “back our scientists, technologists, entrepreneurs and creatives”. He also committed to a house-building programme and to a “complete rethink” on education. He said he rejected the “trickle-down model” and added: “We will create a more streamlined state with a clearer purpose to power up all parts of the country and put a laser-like focus on growth and regeneration, good growth.”

Henri Murison, chief executive of the Northern Powerhouse Partnership, said: “Today Andy Burnham has made a bold commitment to further devolution. From giving places the tools to tackle economic inactivity to devolving post-16 skills, our verdict on these proposals are that they would help reduce the rising costs of welfare and the ill-health that places increasing pressure on the NHS.

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“Alongside investment in infrastructure to drive productivity, raise wages and increase tax revenues, they would help turn the structural fiscal deficits seen across many parts of the North into surpluses that can be reinvested in future regional growth.

“We should all want a more united country. The Greater South East will benefit from greater freedom to raise the investment it needs, while, over time, having a reduced responsibility to subsidise other parts of the country as other regional economies become stronger.

“‘No.10 North’ will help ensure that the relocation of civil servants to places such as Darlington, York and Manchester delivers its full potential. These new government offices are helping regenerate those places, but Ministers themselves have not yet made effective use of them. A regular ministerial presence outside Whitehall would strengthen decision-making and bring government closer to the communities it serves.”

Shevaun Haviland, director-general of the British Chambers of Commerce said: “Firms need consistency, clarity and stability from policymakers, if business confidence is to be improved.

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“Businesses will judge Andy Burnham’s plans on whether they deliver the boost to investment, productivity and trade desperately needed to unlock growth. As our recent report outlined, government must always ask whether policy passes a ‘growth delivery test’ to encourage firms to invest and grow.

Shevaun Haviland, Director General British Chambers of Commerce, pictured during the British Chambers Commerce Annual Global conference in June 2022.

Shevaun Haviland, director-general of the British Chambers of Commerce

“It’s crucial that the devolution agenda has local business at its heart and brings benefits to all parts of the UK.

“Our Chamber network completely understands how national ambition can be translated into local economic growth. We’ve long argued that more decisions affecting local economies, including transport, skills and infrastructure, should be taken closer to the communities they serve.

“Successful Chamber-led Local Skills Improvement Plans across England show the power of devolution to help address the challenges facing our economy. Creating greater parity between academic and technical qualifications is something business wholeheartedly supports.

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“A pledge to improve the public procurement system is welcome, but it must quickly bring benefits to SME supply chains across the UK.

“Fiscal devolution must see money spent in the right way, to boost local growth. It must not mean further costs on business. BCC analysis shows government-imposed costs on SMEs have risen by more than 70% in just 10 years. New local business taxes and visitor levies would stifle economic growth.

“The difficult truth is, whoever leads the UK, the primary challenge remains the same – delivering growth. Business stands ready to work in partnership with any new Prime Minister to focus on that crucial task.”

Jane Gaston, CEO of Net Zero North West, said: “It’s encouraging to see a renewed focus on reindustrialisation, place-based growth and giving regions a stronger voice in shaping the UK’s economic future. Those principles closely reflect the approach we’ve been championing across the North West for many years.

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“Our recent Why Industry Matters report highlighted that the North West contributes £270.8 billion to the UK economy, generates £68.5 billion in exports and supports 337,000 manufacturing jobs. The region is already one of the UK’s most significant industrial economies and has a critical role to play in safeguarding sovereign capability, strengthening energy security and delivering the clean energy transition.

“We welcome the ambition behind proposals such as a ‘Number 10 North’ and the recognition that industrial strategy must be built around places. However, any national plan for reindustrialisation must fully recognise the North West’s industrial strengths alongside other key regions. The North West is home to globally significant manufacturing, chemicals, advanced engineering and energy clusters that are fundamental to the UK’s future competitiveness.

“We also welcome the emphasis on strengthening UK supply chains and creating greater social value through public procurement. Combined with long-term policy certainty, investment in skills and infrastructure, and a genuinely joined-up approach to energy and industrial policy, these are the foundations needed to unlock sustainable growth across the whole country.

Mayor of the West Midlands, Richard Parker (left) greets MP for Makerfield, Andy Burnham, as he arrives at The People's History Museum

Mayor of the West Midlands, Richard Parker (left) greets MP for Makerfield, Andy Burnham, as he arrives at The People’s History Museum(Image: Getty Images)

“The vision is encouraging. The next step is ensuring it is backed by a clear delivery plan that fully harnesses the strengths of regions like the North West, where the capability, expertise and partnerships to deliver long-term industrial growth already exist.”

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Wayne Jones OBE, chair of Greater Manchester Chamber of Commerce, said: “It was good to hear Andy Burnham put greater devolution of power to the regions at the heart of his speech. As Mayor of Greater Manchester, he has seen first-hand what can be achieved when regions are given control over areas such as public transport.

“For far too long power in this country has been centralised in London with little thought about the needs of individual regions. Having regional mayors has been a step in the right direction but more power needs to be devolved for the regions to achieve their full potential.

“As it seems likely Andy Burnham will become Prime Minister unopposed next month, this speech is our first real indication of what he will do when he is in power. We hope he will stick to what he has set out in his speech and devolution doesn’t get lost among all the other issues that will face him when he gets into Downing Street. It is encouraging that he talked about setting up a ‘No 10 North’ which should help to keep government focused on what needs to be done across the North.”

Subrahmaniam Krishnan-Harihara, director of business policy and research at the chamber, added: “Andy Burnham’s first major leadership speech today sets out an ambitious, long-term vision to ‘lift Britain back up’ through a 10-year mission focused on raising living standards. Greater Manchester Chamber of Commerce welcomes the emphasis on sustained economic renewal rather than short-term fixes, and the clear recognition that the current centralised model has left too many parts of the country behind.

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“Mr Burnham’s call for the biggest transfer of power out of Whitehall in modern times, delivered through greater devolution to regions and local leaders, is a positive step. Empowering mayors and combined authorities to drive ‘good growth in every postcode’, with a proposed ‘No 10 North’ in Manchester, could help tailor solutions to local needs and rebalance the economy.

The new Chair of Greater Manchester Chamber of Commerce, Wayne Jones OBE

Chair of Greater Manchester Chamber of Commerce, Wayne Jones OBE(Image: Greater Manchester Chamber of Commerce)

“The emphasis on a partnership approach between government, business, universities and communities echoes what has worked in Greater Manchester and deserves support. His use of the phrase ‘give Britain the circuit breaker it needs’ appears to signal a decisive reset: a break from the cycle of over-centralisation, uneven growth and declining public trust in politics. It’s framed as a structural intervention rather than a short pause, aimed at changing how the country is governed to deliver better outcomes.

“That said, while the speech rightly highlights reindustrialisation, infrastructure, housing and utilities reform, it was notably light on the immediate pressures facing businesses, especially SMEs. There was no direct reference to the rising cost of employment, inflationary pressures coming from geopolitical events or the ongoing challenge of business rates, all of which remain significant burdens for smaller firms.

“Business was only mentioned at a high level in the context of the partnership model and procurement reform to support British industry and apprenticeships, but there was little granularity on how devolution or the 10-year plan would specifically ease costs, improve access to finance or reduce regulatory complexity for SMEs. The ambition and long-term framing are encouraging but the key test will be whether the new economic vision and promised devolution deliver practical, tangible support for small businesses on the ground, rather than remaining at the level of an ambitious strategy.”

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Eva Barboni, executive director of Enterprise Britain, said: “There were signals in Andy Burnham’s speech that he recognises the critical role start-ups and scale-ups play in delivering a better future for Britain.

“We welcome his commitments to back Britain’s entrepreneurs, build clusters of innovation around our world-leading universities, and ensure that we capture the full value of British businesses.

“These commitments must be followed by a clear plan of action.

“Devolution alone will not automatically deliver growth. We need bold measures to unlock the capital British start-ups and scale-ups need to grow, ensure they can hire the right talent at the right time, and tear down the barriers that are holding ambitious businesses back.

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Vanessa Hale, chief executive at Real Estate:UK, said: “The real estate sector has a critical role to play in boosting growth across the UK, working not only with national government, but also with newly empowered mayors and local leaders through genuine partnership working to deploy place-based funds, facilitate the development of industrial clusters, deliver the successful regeneration of places, and build new homes as part of a place-first, ‘good growth’ approach. With a stable and supportive policy framework, we can build the affordable and higher density homes that Andy Burnham says he wants.

“However, the full benefits of this will only be delivered if the same radical approach to reforming the role of government is also applied to how government works with the private sector, including full recognition of the challenges that the real estate industry faces, such as the viability crisis which has effectively stalled building activity across the country, that enhanced local and regional authorities need the extra resourcing to match the scale of their ambition, and an understanding that the need for stability is paramount for those seeking to make long-term investment into the UK.”

Michael Moore, chief executive at UK Private Capital, said: “We welcome Mr Burnham’s focus on public and private investment working hand in hand to make the UK an innovation nation. Private capital has a vital role to play in every nation and region of the UK, backing businesses, unlocking investment and helping local economies realise their full potential.

“By bringing decision-making closer to the communities it affects, and by strengthening partnerships between local leaders, businesses and private capital, investors such as our members can help more scale-up businesses and innovative spin-outs across the country grow and commercialise their ideas.

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“Such focus on place-based collaboration and investment as a baseline for the UK economy presents a serious new opportunity for building a more dynamic and growing economy.”

Richard Caten, CEO at infrastructure consultancy Ardent, said: “It’s encouraging to see infrastructure and regional growth moving to the centre of the national conversation. The ambition to deliver ‘good growth in every postcode’ and strengthen decision-making outside Westminster is one the infrastructure sector will welcome.

“But ambition must now be matched by delivery. Unlocking sustainable economic growth depends on having a planning system that enables investment, meaningful engagement with communities from the outset, and the transport, energy and utility infrastructure needed to support new homes, businesses and jobs.

“Whether it’s through greater devolution or initiatives such as a ‘No 10 North’, success will ultimately be measured by how quickly projects can move from policy to delivery. If regions are given the powers, certainty and resources to bring forward critical infrastructure, they will be better placed to attract investment, unlock development and create long-term prosperity for communities across the UK.”

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Cllr Louise Gittins, Chair of the Local Government Association, said: “Successive devolution agreements have demonstrated that devolving powers to local communities is the best way of unlocking the potential of people and their places, while boosting inclusive economic growth.

“It is now vital that the government steps up its ambition to deliver genuine devolution right across England, giving councils who know their communities the power to tackle long-standing local and national challenges, including driving infrastructure investment, plugging skills gaps, building more affordable housing and boosting productivity.

“By working together as equal partners across different levels of government, we can build prosperity and opportunity for our communities and businesses.”

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CBL & Associates Properties: Playing With Fire (NYSE:CBL)

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CBL & Associates Properties: Playing With Fire (NYSE:CBL)

This article was written by

Long Player believes oil and gas is a boom-bust, cyclical industry. It takes patience, and it certainly helps to have experience. He has been focusing on this industry for years. He is a retired CPA, and holds an MBA and MA.
He leads the investing group Oil & Gas Value Research. He looks for under-followed oil companies and out-of-favor midstream companies that offer compelling opportunities. The group includes an active chat room in which Oil & Gas investors discuss recent information and share ideas. Learn more.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Disclaimer: I am not an investment advisor, and this article is not meant to be a recommendation of the purchase or sale of stock. Investors are advised to review all company documents and press releases to see if the company fits their own investment qualifications.

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Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Plastic recycling firm to create more than a hundred jobs at two South Wales facilities

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Plastic recycling firm to create more than a hundred jobs at two South Wales facilities

The investment in two plants by Jayplas is being supported with £12m of finance from the Wesh Government

Jayplas.

A leading plastic processing firm is creating more than a hundred new jobs in South Wales.

J & A Young (Leicester), which trades as Jayplas, received an offer from the Welsh Government of £12m in non repayable finance in 2023 to establish a plastics reprocessing operation at the former Toyoda Gosei factory in Gorseinon, Swansea, in what was a £45m investment.

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The company has now confirmed a second facility at Tafarnaubach Industrial Estate in Tredegar. Jayplas said the two facilities will create 105 jobs by March 2028, when they will be fully operational. The Welsh Government funding is subject to the jobs being created.

The facilities will double Wales’ reprocessing capacity for recycled plastic, with output from both sites capable of processing at least 100,000 tonnes of recycled flexible and rigid plastics a year. It will contribute to reducing the carbon footprint of Wales by around 150,000 tonnes per year – the equivalent of taking 120,000 cars off the road.

Jayplas commercial manager Kerry O’Neill said: “Jayplas is delighted to announce we are opening two plastics processing and recycling plants in Swansea and Tredegar. We have worked closely with the Welsh Government to expand our operations into Wales.

“We will utilise the latest, state of the art technology to ensure we have market leading facilities producing the highest quality products and bring long term investment and sustainable employment to the area.”

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Minister for Enterprise, Connectivity and Energy, Adam Price, said:“Jayplas choosing to open a second site here in Wales is a further boost to decarbonisation and will see the company create green jobs in an area with a rich industrial past. This is exactly the sort of sustainable, future-facing employment we want to foster as part of our transition to a circular economy.

“Our new Welsh Government is focused on creating a stronger, more productive net zero economy that delivers for people in every part of Wales.”

Minister for Rural Resilience and Sustainability, Llyr Gruffydd, said: “Expanding our plastic reprocessing capacity in Wales is a vital step that will see the recycling, that we are world class at collecting, being processed into valuable material that then goes back into the economy.

“By keeping valuable materials in circulation and out of the environment, the Jayplas facility will help reduce emissions whilst delivering real benefits for communities and the natural environment across Wales. I’m delighted that Welsh Government investment is helping to make this happen as part of our commitment to net zero.”

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John Morgan, Blaenau Gwent Council’s cabinet member for economy and place, said:“This investment is a strong vote of confidence in Blaenau Gwent, bringing quality, sustainable jobs and supporting our role in Wales’ circular economy.

” The Tafarnaubach development will boost local employment and help deliver our ambitions for sustainability, skills and long-term economic resilience. We welcome this investment and the opportunities creates, and wish Jayplas every success.”

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Argan stock hits all-time high at 791.91 USD

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Argan stock hits all-time high at 791.91 USD

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Hotel near M5 north of Bristol sold off to Vine Group

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The Gables Best Western was previously owned by West Midlands-based Webb Hotels

Vine Hotels group has acquired The Gables Hotel near Bristol

Vine Hotels group has acquired The Gables Hotel near Bristol(Image: Handout)

A hotel near the M5 in South Gloucestershire has been sold off for an undisclosed sum. The Gables – a Best Western on Bristol Road – was acquired in a joint venture by family-run Castlewood and the Vine Group.

The deal for the 46-bed property was arranged by Solihull-headquartered Enterprise Hotels & Hospitality and Simon Steven Associates.

The property was previously owned by Webb Hotel Group – a collection of family-owned and run properties in the Midlands, including Moor Hall Hotel & Spa in Sutton Coldfield, and the George Hotel and Cathedral Hotel in Lichfield.

Gavin Wright, founder of Enterprise Hotels & Hospitality, said the deal reflected “the ongoing confidence” of investors in the UK hotel sector and the “competitive appeal” of properties in well-connected locations close to major cities.

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The Gables is located on a 1.8-acre site off the A38, 20 minutes from Bristol, with 104 parking spaces. The venue has meeting rooms for up to 200 people, a civil wedding licence for up to 150 guests, and reception space for 200 guests.

It also has a Marco’s New York Italian restaurant and bar, with seating for 80 guests, a refurbished bar accommodating 40, and a patio area.

Simon Stevens, founder of Simon Stevens Associates, said: “Following a competitive marketing process, we witnessed purchasers’ selective approach to the market, as investment yields continue to soften and price expectations continually come under scrutiny.

“In this instance, investors identified a clear strategic value-added opportunity and operational upside with the property and business that ultimately secured Vine Hotels’ commitment.”

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Vine Hotels is a hotel management, consultancy and development business with a UK-wide portfolio of owned and operated hotels and venues. The acquisition of The Gable follows an announcement last month that Hotel Collingwood in Bournemouth had also joined Vine Hotels’ growing portfolio.

Garin Davies, chief executive of Vine Hotels, said: “The expansion of hotel and venue ownership and management is a key aim for us this year, and so the acquisition of The Gables Hotel has come during a busy and exciting period.

“I am delighted that we have been able to add two new hotels in two months, showing our commitment to growth. The Gables has great business development potential, with an ideal location for UK and international travellers visiting the Cotswolds and nearby tourist towns, while also serving commercial travellers commuting to Bristol and the wider south-west region.”

Angela Burns, chief executive of Webb Hotel Group, added: “I am pleased we have been able to secure the sale of The Gables and pass the hotel into the hands of experienced hoteliers who share our commitment to excellence in hospitality. We wish them every success and look forward to seeing the hotel prosper in the years ahead.”

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