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At Close of Business podcast March 17 2026

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Marine Biologics launches seaweed powder ingredient

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Marine Biologics launches seaweed powder ingredient

SeaTex was developed for protein stabilization. 

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Strong support in Wales for an expansion in renewable energy

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New research from RenewableUK Cymru shows support for renewables amongst people who intend to vote for all the parties

Solar panels.(Image: PA)

There is is strong support across the political spectrum in Wales for an expansion in renewable energy. Research commissioned by RenewableUK Cymru show that 71% of people in Wales believe renewable energy development should increase, with just 6% saying it should decrease. Moreover, a majority of people (58%) want Wales’s future energy system to be mainly or entirely based on renewable energy.

Support for renewables cuts across party lines, with strong backing among Labour (82%), Plaid Cymru (80%), Conservative (73%) and Green (76%) voters. Reform voters are more divided, but even amajority (59%) favour more renewable energy development.

READ MORE: The expected final cost of the South Wales Metro soars to £1.3bnREAD MORE: The price comparison industry faces a major challenge from AI

However, the polling also highlights important nuances in public opinion that challenge assumptions about opposition to renewable projects and energy infrastructure. Voters are broadly pro‑renewables and open to the trade‑offs when costs and community benefits are clear – suggesting some political debate is drifting away from where public opinion actually sits.

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Public support for renewables is strong, but voters – especially Reform UK supporters – are clear that driving bills down is also a key priority. Lowering bills over time is one of the most commonly cited benefits of renewables among voters, but cost and affordability are also among their top concerns.

This becomes particularly clear when people are shown information on the cost of electricity grid infrastructure. Public views actively flip once costs are understood. When voters are not shown cost information, 53% prefer underground cables – but that falls to 29% once they’re told undergrounding can cost up to five times more, while support for overhead pylons rises sharply from 14% to 43%.

Around two thirds of voters say they would not be willing to pay higher energy bills to fund more expensive grid options, and this trend is particularly strong among Reform UK voters.

The findings suggest public attitudes are not fixed or ideological, but pragmatic and responsive to clear information about costs and consequences.

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The polling also reveals a striking gap between how people perceive Wales’s current performance and the reality. Around four in ten people believe Wales already generates a higher share of its electricity from renewables than the UK average, when in fact Wales is currently behind (33% of electricity generation comes from renewables in Wales, versus just over 50% for the UK as a whole). When presented with the reality in focus groups, participants expressed surprise and disappointment – indicating that many people expect Wales to be further ahead and want to see faster progress.

The research also challenges assumptions about public attitudes to community benefit funds linked to renewable energy projects.

Over three quarters of people say they have little or no understanding of community benefit funding schemes. Many also significantly underestimate how much money typically flows back into local communities from the average onshore wind farm in Wales.

When told that for every £1 in post-tax profit a developer makes, 37 pence is reinvested into the local community, nearly two-thirds (65%) of people say that knowing this would make them more likely to support a renewable project in their area. The effect is strongest among Plaid Cymru voters, for whom community benefit and local reinvestment are among the most persuasive reasons to support renewable energy.

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This suggests that scepticism is often driven by lack of information, rather than fixed views – and that clear, concrete explanations of how communities benefit can actively shift support, especially among voters who prioritise local value and fairness.

Jessica Hooper, director of RenewableUK Cymru, said:“This research shows that people in Wales are firmly behind renewable energy, across political divides – but it also shows they are thoughtful and pragmatic, not blindly supportive or ideologically opposed. They want honesty about the trade-offs, clear information on costs and delivery, and confidence that communities will share in the rewards.

“The risk now is not public resistance but misreading public opinion. With electricity demand projected to double – potentially triple – by 2050, decision makers need policies that deliver clean power at pace, keep bills affordable, and be honest about the trade-offs, clear information on costs and delivery, and confidence that communities will share in the rewards.

“The risk now is not public resistance but misreading public opinion. With electricity demand projected to double – potentially triple – by 2050, decision makers need policies that deliver clean power at pace, keep bills affordable, and be honest about the trade-offs.”

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Form 13F Israel Discount Bank of New York For: 6 April

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Whey protein production doubles for FrieslandCampina

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Company completes facility investment in The Netherlands.

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10 Essential Facts About the Australian Idol 2026 Breakout Star

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Jacinta Guirguis

SYDNEY — As Australian Idol 2026 heads toward its grand finale, 23-year-old Kalani Artis from the New South Wales Central Coast has emerged as one of the season’s most compelling contestants, blending raw vocal talent with a deeply personal backstory that has resonated with viewers and judges alike.

Kalani Artis
Kalani Artis

From his standout audition to consistent top performances, Artis has captivated audiences with smooth, emotional delivery often compared to world-class artists. Here are 10 key things to know about the singer-songwriter who traded landscaping tools for the Idol stage.

  1. Hometown roots on the Central Coast: Artis hails from Bensville and Umina Beach on the NSW Central Coast. He proudly represents the region, with local fans rallying behind him through community support and social media campaigns. His grounded, approachable demeanor reflects the laid-back coastal lifestyle, even as he navigates the high-pressure national spotlight.
  2. Former landscaper turned performer: Before Idol, Artis worked as a tradie in landscaping. Known among fans as the “shy tradie,” he left the physically demanding job to pursue music full time. The transition marked a major life shift, with the competition providing the platform he needed to step away from manual labor and into the entertainment industry.
  3. Nana Sue’s guitar sparked his passion: Artis credits his beloved grandmother, Nana Sue, with igniting his musical journey. She gifted him his first guitar when he was 11 years old. Though he set it aside for a few years during a difficult period, he picked it up again at age 14, using music as an outlet. He has repeatedly thanked her publicly, with touching moments featuring her support during the show.
  4. Overcame significant mental health struggles: Artis has openly discussed his battles with anxiety, depression and feelings of isolation. After dropping out of school young, he experienced dark periods where he “locked himself away” and felt alone. Music became his “medicine,” helping him process emotions and rebuild confidence. His willingness to share this vulnerability has inspired many viewers facing similar challenges.
  5. Audition earned highest praise from Amy Shark: Artis auditioned with a powerful rendition of Natalie Imbruglia’s “Torn.” Judge Amy Shark declared it “the best audition I’ve ever seen,” a rare accolade that immediately positioned him as a frontrunner. The performance, which aired in early February 2026, garnered hundreds of thousands of views on YouTube and sparked widespread buzz for its emotional depth and technical excellence.
  6. Consistent standout in live shows: Throughout the competition, Artis has delivered memorable performances across various themes. Highlights include a stunning cover of Crowded House during one week and a breathtaking “Take My Breath Away” in Top 12 Movie Week that left audiences and the room in awe. His smooth vocals and ability to connect lyrically have earned repeated acclaim from judges Kyle Sandilands, Marcia Hines and Shark.
  7. Advanced to the Top 6: As of early April 2026, Artis remains in the final six contestants alongside strong contenders like Harlan Goode and Jacinta Guirguis. Public voting has kept him progressing through Top 12, Top 10 and beyond, with fans frequently predicting a top-three or even victory finish due to his consistent excellence and growing fan base.
  8. Self-taught musician with soulful style: A self-taught singer-songwriter, Artis draws influences from artists like James Bay, Lewis Capaldi and MK.GEE, blending indie, soulful pop and folk elements. His original material and Idol performances showcase earthy, heartfelt songwriting that resonates personally. He has released several Idol performance tracks on platforms like Spotify, including “Torn” and “Wherever You Will Go,” gaining tens of thousands of monthly listeners.
  9. Family and community support drives him: Artis frequently highlights his family’s role, especially Nana Sue, who appears supportive in the audience. The Central Coast community has mobilized with voting drives and local pride campaigns. His Instagram account (@kalaniartis) serves as a hub for fans to connect, with posts encouraging collective growth and thanking supporters.
  10. Asthma management moment highlighted human side: During one tense episode, Artis momentarily misplaced his nebulizer (“Nebby”), underscoring the everyday realities contestants face under pressure. The light-hearted yet relatable incident reminded viewers of his grounded personality amid the glitz of live television.

Artis’s journey on Australian Idol 2026 reflects more than vocal prowess — it embodies resilience and transformation. Born in 2002 or early 2003, the 23-year-old entered the competition carrying the weight of past struggles, including a recent breakup that added emotional layers to his performances. Judges and fans alike have noted how he “sings with lived experience,” bringing authenticity that sets him apart.

The season, hosted by Ricki-Lee Coulter and Scott Tweedie on Channel Seven and 7plus, has emphasized artist development. For Artis, the show has already changed his life, providing national exposure, recording opportunities and a platform to share his music beyond the Central Coast.

Fan reactions on social media and fan groups frequently describe his voice as “world-class” and “stunning,” with many predicting he could follow in the footsteps of previous Idol alumni who built sustainable careers. His Spotify presence and performance singles indicate growing commercial interest.

Yet Artis remains humble. In interviews, he has spoken about the leap from hiding in the shadows to performing live for millions, acknowledging fears that old mental health challenges could resurface under the intense scrutiny. Music, he says, continues to ground him.

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As the finale approaches in mid-April, voting lines remain open via the 7plus app and designated numbers. Supporters are urged to back Artis with multiple votes per episode, as public preference will decide the ultimate winner.

Beyond the competition, Artis represents a new generation of Australian artists who leverage personal stories for connection. His path from landscaper to Idol contender highlights how opportunity, family encouragement and inner strength can intersect on a national stage.

Industry observers note that contestants like Artis, with genuine backstories and consistent talent, often translate Idol success into long-term careers involving tours, original releases and media appearances. His smooth delivery and genre-blending style position him well for pop, indie and acoustic markets.

With the Top 6 delivering high-stakes performances, Artis continues to impress with emotional control and vocal range. Whether covering classics or infusing originals with personal meaning, he has maintained poise that belies his relatively young age in the industry.

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The broader Australian Idol narrative in 2026 has celebrated diversity of talent and stories. Artis’s openness about mental health adds depth to the season’s conversation around wellbeing in the entertainment industry.

As fans prepare for the climax, Kalani Artis stands as a reminder that behind every polished performance lies a human journey of growth, setback and triumph. His presence has enriched the competition, offering both entertainment and inspiration.

For those following the season, Artis’s trajectory offers lessons in perseverance. From a gifted guitar at age 11 to commanding the Idol stage at 23, his story underscores music’s transformative power.

With strong local and national backing, the Central Coast singer remains a favorite heading into the final stretch. Whatever the outcome, Kalani Artis has already secured a place in the hearts of many Australians as a talented, relatable and resilient artist to watch.

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What Versant's StockStory Deal Says About Life Beyond Pay-TV

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Drinkwater Tops the List in 2026

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Danny Drinkwater

Soccer has delivered countless memorable moments on the pitch, but some players are remembered as much for their names as for their skills. From Premier League champions to cult heroes across Europe and beyond, certain surnames and full names have sparked endless jokes, memes and commentary gold over the decades.

As of 2026, the list of the funniest soccer player names remains a fan favorite topic on social media, podcasts and retro football discussions. Danny Drinkwater, the former Leicester City and Chelsea midfielder, consistently ranks at or near the top. Here are 10 of the all-time funniest soccer player names, ranked by a blend of pun potential, commentator delight and enduring online popularity.

Danny Drinkwater
Danny Drinkwater
  1. Danny Drinkwater (England) — The undisputed king of ironic football names. The midfielder, who helped Leicester City shock the world by winning the 2015-16 Premier League title, has been the punchline for years. Commentators shouting “Drinkwater!” during matches inevitably drew giggles, especially after he faced a drink-driving charge during his ill-fated Chelsea spell. Now retired and working in construction as of recent reports, Drinkwater still pops up in “where are they now” segments and hydration memes. Fans love pointing out the irony: a man named Drinkwater who occasionally didn’t.
  2. Paul Dickov (Scotland) — The former Manchester City and Leicester striker’s surname has fueled decades of schoolyard humor. Dickov enjoyed a solid career, including a memorable role in Leicester’s 1996-97 League Cup win, but his name remains a staple in “unfortunate footballer names” compilations. Teammates and fans embraced the banter, turning potential awkwardness into affectionate ribbing.
  3. Stefan Kuntz (Germany) — The German forward, who scored crucial goals for the national team in the 1990s including at Euro 96, carries a surname that sounds exactly like a body part in English. Kuntz later became a respected coach and sporting director, proving talent can outshine any name-related jokes. His name still surfaces in European football nostalgia threads.
  4. Yaya Banana (various clubs) — This Ivorian midfielder’s name combines a popular first name with a fruit, creating instant comedy. While not a household star like his compatriot Yaya Touré, Banana’s monicker delights fans compiling quirky lists and has earned mentions in African football highlight reels.
  5. Dean Windass (England) — The Hull City legend and straightforward-speaking pundit has a surname that sounds like “wind ass.” Windass enjoyed a long career as a no-nonsense striker, scoring memorable goals in the Premier League and lower divisions. His post-playing media work keeps the name in circulation, often paired with self-deprecating humor.
  6. David Goodwillie (Scotland) — The former Dundee United and Blackburn Rovers forward’s surname suggests excessive kindness, which contrasts sharply with some off-field controversies that overshadowed his on-pitch talent. Still, the name itself remains a classic entry in unfortunate footballer name discussions.
  7. Danny Shittu (Nigeria) — The towering defender, who played for clubs including Watford and Bolton Wanderers, has a surname pronounced “shit-oo” that invites predictable jokes. Shittu was known for his physical presence and solid defensive displays in the Premier League during the 2000s. His name frequently appears alongside Drinkwater in fan-voted lists.
  8. Taribo West (Nigeria) — The eccentric defender with wild hairstyles during his time at Inter Milan and other clubs had a name evoking American geography. Taribo West’s flamboyant personality matched the memorable moniker, making him a cult figure in 1990s-2000s football lore.
  9. Neeskens Kebano (DR Congo/France) — The winger, who has played for Fulham and other Championship sides, boasts a surname that rolls off the tongue in a satisfyingly odd way. Kebano’s skillful performances have earned respect, but the name ensures he features in “satisfying to say” football name compilations.
  10. Somália (Brazil) — Brazilian players often go by single names, but this midfielder’s choice to adopt the name of an East African country creates delightful confusion. Somália enjoyed a career in Portugal and Brazil, adding another layer of geographic whimsy to the list of quirky monikers.

These names highlight soccer’s global melting pot. Players from England, Scotland, Germany, Nigeria, Ivory Coast, Brazil and beyond have unintentionally provided comedy gold through no fault of their own. Many, like Drinkwater and Dickov, leaned into the banter or ignored it to focus on their careers.

The phenomenon extends beyond this top 10. Fans often mention Declan Rice (sounds like a cooking instruction), John Stones, Chris Wood, Daley Blind and older classics such as Segar Bastard (an actual early 20th-century English player who also refereed). In African leagues, names like Danger Fourpence or Have-A-Look Dube have delighted observers for years. Brazilian forward Creedence Clearwater Couto paid homage to the rock band, while some players received full sentences as names due to cultural naming traditions.

Why do these names resonate so strongly? Commentators’ deadpan delivery amplifies the humor during live broadcasts. Social media memes, YouTube compilations and Reddit threads keep the jokes alive long after careers end. In an era of data-driven analysis and tactical sophistication, light-hearted name banter offers a human, accessible entry point for casual fans.

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Danny Drinkwater’s story adds extra layers. A key part of Leicester’s miracle title win under Claudio Ranieri, he started 23 league games that season. His £35 million move to Chelsea in 2017 never worked out, with limited appearances and that infamous drink-driving incident. By 2026, Drinkwater has spoken candidly about mental health struggles and the pressures of elite football. His transition to construction work drew mockery from some quarters but also respect for embracing life after the spotlight. He occasionally posts hydration tips on social media, playing along with the enduring joke.

Similar resilience appears across the list. Paul Dickov became a coach and pundit. Stefan Kuntz held high-profile roles in German football administration. These players proved that a funny name need not define or limit a career.

Broader trends show naming conventions evolving. Modern parents sometimes choose unique or international names, while migration brings diverse surnames to European leagues. Video games like EA Sports FC (formerly FIFA) amplify visibility, with players spotting odd names in career modes and creating squads built entirely around humorous monikers.

Cultural differences add nuance. What sounds hilarious in English may carry no connotation elsewhere. Brazilian single names, African compound names and European surnames each bring their own flavor. Commentators from different countries handle pronunciation challenges with varying success, sometimes creating new layers of amusement.

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As soccer globalizes further in 2026, with expanded leagues and digital content, expect more viral moments around player names. Younger fans discover classics through TikTok clips and retro documentaries, while current players occasionally add fresh entries.

Lists like this celebrate the game’s lighter side without diminishing athletic achievements. Many of these players displayed real talent: Drinkwater’s midfield energy in Leicester’s title run, Dickov’s clinical finishing, Kuntz’s international contributions. The humor humanizes them, reminding fans that footballers are people with ordinary names turned extraordinary by context.

Ultimately, the funniest soccer player names endure because they blend perfectly with the sport’s passion and drama. Whether shouted by a commentator in a crucial moment or memed endlessly online, they provide joy across generations.

For fans compiling their own rankings, personal favorites vary by era and league exposure. Drinkwater remains the evergreen champion for English-speaking audiences due to timing, career highs and lows, and that irresistible irony. As one fan forum put it, “Where’s Drinkwater? Probably staying hydrated.”

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Soccer’s rich tapestry includes tactical masterclasses, underdog tales and, yes, delightfully amusing names that make the beautiful game even more entertaining.

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IRGC Intelligence Chief Majid Khademi Killed in Israeli Airstrike on Tehran

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Elon Musk, who had shown growing signs of frustration with the obstacles faced by his so-called Department of Government Efficiency (DOGE), has parted ways with Donald Trump

TEHRAN, Iran — Maj. Gen. Majid Khademi, head of intelligence for Iran’s Islamic Revolutionary Guard Corps, was killed early Monday in an Israeli airstrike on Tehran, Iranian state media and the IRGC announced, marking another major blow to the paramilitary force amid ongoing U.S.-Israeli military operations against Iran.

Majid Khademi
Majid Khademi

The IRGC confirmed Khademi’s death in a statement carried by Iranian outlets including Tasnim and Sepah News, describing the incident as a “criminal terrorist attack by the American-Zionist enemy” at dawn. Israeli Defense Minister Israel Katz and the Israel Defense Forces quickly claimed responsibility, with Katz stating the strike eliminated “one of those directly responsible for these war crimes” and one of the three most senior officials in the organization.

Khademi, who assumed the role in June 2025 after his predecessor Brig. Gen. Mohammad Kazemi was killed in earlier Israeli strikes during the initial phase of the 2025-2026 conflict, had served in the IRGC’s intelligence organization for nearly five years. Iranian sources portrayed him as a “powerful and educated” figure central to countering foreign infiltration and protecting the Guard from external threats.

The strike occurred as U.S.-Israeli airstrikes continue to target Iranian military infrastructure more than a month into intensified operations that began in late February 2026. Iranian state media reported explosions in the capital, with the attack focusing on IRGC facilities. No immediate details were released on the exact location within Tehran or whether additional casualties occurred in the strike.

This latest assassination fits a pattern of high-profile targeting of Iranian leadership. Since the escalation, Israel and the U.S. have claimed responsibility for eliminating numerous senior figures, including former Supreme Leader Ayatollah Ali Khamenei, IRGC Commander-in-Chief Hossein Salami, Intelligence Minister Esmail Khatib, National Security Council Secretary Ali Larijani, Basij commander Gholamreza Soleimani and naval commander Alireza Tangsiri. Over 1,000 IRGC and security officials have reportedly been killed in the broader campaign, according to Israeli sources.

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Israeli Prime Minister Benjamin Netanyahu hailed the operation, vowing to continue the war “with full force” and stating that Israel would keep hunting down regime leaders responsible for attacks on civilians. “The IRGC fires at civilians – and we eliminate the heads of the terrorists,” Katz added in his confirmation.

Iran has vowed retaliation for each high-profile killing. The IRGC and state officials have accused the U.S. and Israel of seeking regime change through targeted assassinations and infrastructure strikes. Tehran has responded with missile and drone attacks on Israeli targets, as well as reported strikes on Gulf energy sites and other regional assets. Mediators are reportedly pushing a 45-day ceasefire proposal that includes reopening the Strait of Hormuz, a critical waterway for global oil shipments that Iran has threatened to disrupt.

Khademi’s death comes at a sensitive moment for the IRGC, which has seen its command structure repeatedly disrupted. The organization, designated a terrorist group by the U.S. and several allies, oversees Iran’s ballistic missile program, regional proxy militias and internal security apparatus. Intelligence functions under the IRGC have focused on counterintelligence, monitoring perceived domestic threats and supporting overseas operations.

Analysts note that repeated decapitation strikes could impair operational coordination in the short term, though the IRGC’s decentralized structure and deep bench of ideologically committed officers may allow rapid replacements. Iranian officials have repeatedly stated that missile production and defensive capabilities continue despite losses.

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The broader conflict erupted after years of shadow warfare, proxy clashes and failed nuclear negotiations. Israel has long viewed Iran’s nuclear program, ballistic missiles and support for groups like Hezbollah, Hamas and the Houthis as existential threats. Tehran accuses Israel and the U.S. of aggression aimed at destabilizing the Islamic Republic.

U.S. involvement has intensified under the current administration, with joint operations targeting Iranian military sites. President Donald Trump has issued strong statements on the conflict, including threats of further escalation if Iran does not agree to terms on its nuclear program and regional behavior.

Casualties on both sides have mounted. Iranian reports emphasize civilian and military deaths from Israeli strikes on cities including Tehran, Isfahan and other provinces. Israel has reported damage from Iranian missile barrages, though its air defenses have intercepted many incoming threats.

International reactions have been divided. Western allies have largely supported Israel’s right to defend itself, while Russia, China and some Global South nations have condemned the strikes as violations of sovereignty. Calls for de-escalation have grown, with diplomatic efforts focusing on preventing a wider regional war that could draw in more actors and disrupt global energy markets.

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Within Iran, the deaths of successive leaders have tested public morale and regime stability. State media has framed the fallen officials as martyrs, organizing funerals and rallies to rally support. However, reports of internal discontent and economic strain from sanctions and conflict have surfaced, though heavily censored.

Khademi is the latest in a line of IRGC intelligence leaders targeted. His predecessor Kazemi and deputy were killed in June 2025 strikes on Tehran, part of what Israel described as Operation Rising Lion or similar campaigns aimed at degrading Iran’s capabilities.

Military experts suggest the precision of the latest strike indicates advanced Israeli intelligence and possibly assistance from regional partners or cyber capabilities that enabled real-time targeting in the heart of Tehran. Iran has accused Israel of using infiltrators and advanced weaponry, claims Israel neither confirms nor denies.

As the conflict enters its next phase, questions remain about succession within the IRGC intelligence organization. Iranian media has not yet named a replacement, but the Guard has historically promoted from within to maintain continuity.

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The strike also highlights vulnerabilities in Iran’s air defenses despite years of investment in Russian and domestic systems. Repeated successful penetrations of Tehran airspace have raised concerns about the effectiveness of layered protections around key sites and leaders.

For ordinary Iranians, the ongoing war has brought blackouts, fuel shortages and fear of further escalation. Many have fled urban centers or stocked up on essentials amid uncertainty.

Diplomats warn that each high-value target eliminated risks provoking more desperate Iranian responses, potentially including asymmetric attacks through proxies or attempts to close key maritime chokepoints.

Israel maintains that its campaign aims to eliminate threats rather than pursue full regime change, though some officials have spoken more ambitiously about reshaping the regional balance of power.

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With no immediate ceasefire in sight despite mediation proposals, the killing of Majid Khademi is likely to intensify the cycle of strikes and counterstrikes. Both sides appear prepared for prolonged confrontation, even as the human and economic costs rise.

The IRGC has pledged that Khademi’s “martyrdom” will not go unanswered, signaling potential new retaliatory actions in the coming days. Israeli officials, meanwhile, have reiterated their commitment to continue operations until strategic objectives are met.

This latest development underscores the high-stakes nature of the U.S.-Israeli campaign against Iran’s military leadership and the challenges of achieving lasting deterrence in one of the world’s most volatile regions.

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Medtech firm Corryn Biotechnologies looking to the US market on equity funding boost

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The round was led by the Development Bank of Wales

Left to right: Tom Davies, investment executive at the Development Bank of Wales; Luke Burke, co-founder and director, Corryn Biotechnologies; and Adrian de Courcey, lead investor.(Image: Matthew Horwood)

Advanced skincare and cosmetics company Corryn Biotechnologies has secured a £500,000 equity investment to support commercialisation and scale-up of its cosmetic aftercare products in the UK and US.

The funding round was led by the Development Bank of Wales, with investment from the Wales Technology Seed Fund II and the Wales Angel Co‑Investment Fund, alongside a syndicate of 11 UK, US and Brazilian business angels and SFC Capital Partners.

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This latest investment from the Development Bank of Wales follows an earlier investment in March 2024 and will enable Corryn to accelerate commercial traction, scale its manufacturing capabilities and grow its team in Wales as it expands across its priority markets.

Based at the Bay Technology Centre in Port Talbot, Corryn has established clean room manufacturing capabilities, along with advanced fabrication and characterisation laboratories – underpinning its plans to grow hi-tech manufacturing in the region. The company expects the investment to support the creation of nine new jobs in Wales over the coming years, including two roles in the near term and a further seven technically skilled roles as manufacturing scales.

READ MORE: We need a new Welsh Development Agency and a radical approach to business supportREAD MORE: The price comparison industry faces a major challenge from AI

Corryn’s primary technology is a handheld device used to apply a matrix of extremely fine polymer fibres directly on to the skin, maximising their benefit for a range of care and beauty applications.

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These materials provide a breathable, porous covering that conforms to the contours of the skin, and is capable of carrying a range of beneficial additives. The technology has been developed and is finalising regulatory approvals to allow commercial use as a cosmetic, initially in the UK and US market, with expansion to further territories planned in 2027 and beyond.

The company is also building its intellectual property position, with two patents pending connected to its technology and the way materials are combined and manufactured. The business is anchored in Wales but is also developing a presence in the US, where one of its co-founders is based.

The funding comes at a time of strong global demand in the cosmetics and personal care sector. The aesthetics market is currently a multi-billion-dollar market globally and this is expected to continue growing at a significant rate. There have also been some notable exits by companies operating in this space for high multiples of revenues.

Luke Burke, co-founder and chief executive of Corryn Biotechnologies, said: “Having the Development Bank of Wales backing us from an early stage has been hugely important in helping us reach this point. This investment gives us the runway to commercialise and scale in the UK and US, while keeping our manufacturing and job creation firmly rooted here in Port Talbot.

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“We’ve already built clean room capability in south Wales, and we’re now focused on growing the team and scaling production as we take the product to market.”

Tom Davies, investment executive at the Development Bank of Wales, said: “Corryn is a standout example of a Wales-based business developing real strength in research, product development and manufacturing. Our early-stage investment in March 2024 enabled the team to advance its product pipeline, and this follow-on funding supports the next phase –commercialisation and scale-up. It also highlights how the Technology Seed Fund can work effectively alongside the Wales Angel Co-investment Fund, providing vital early-stage capital and leveraging support from angel investors.”

Adrian de Courcey, lead investor for the syndicate of business angels, said: “Corryn has developed a compelling product and a clear commercial plan for scaling in the UK and US. The combination of a growing market opportunity, strong execution focus and an established base in Wales made this an attractive investment. I’m pleased to be leading a syndicate of angels to support the team as they commercialise and scale.”

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