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Never sit still: Agent’s Paul Corcoran on AI, the four-day week and surviving 20 years in business

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North West marketing business was one of the first to move into emerging Baltic Triangle regeneration zone

Agent Marketing chief executive Paul Corcoran

Agent’s chief executive Paul Corcoran(Image: Agent)

“It’s unbelievable how much you can fit in in 20 years” – that might be an understatement from Agent Marketing boss Paul Corcoran as he looks back on the 20th anniversary of a firm that survived Covid and the credit crunch while striving to grow the North West ’s marketing sector.

Paul is one of the best-known names in marketing in the North, thanks to his work at Agent, its training academy and beyond. His work at Agent has seen the business lead the move to Liverpool’s famous Baltic Triangle regeneration zone and promote socially responsible business, while it has also weathered the big storms that have battered the British economy.

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As he marks Agent’s 20th anniversary this month, Paul talked to BusinessLive about everything from AI and flexible working to the strength of the creative and digital sector in the North West as a whole.

Paul and his then business partners started Agent in 2006 after spotting a gap in the Liverpool market for an integrated marketing agency bringing together disciplines from PR to marketing and design.

He recalled: “When I look back at it now, back to the very beginning, at the tenacity that went into getting something going… wow. And (there was) loads of naivety, definitely. But I am glad that I did it.”

At Agent, Paul and the team aimed to create a business where “clients weren’t having to go to lots of different people – they could come and you were able to deliver it all.” That, he said, is much more common now but was rare two decades ago.

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Credit crunch and never sitting still

Just two years into Agent’s existence, the business had to weather the credit crunch and resulting economic downturn. The Agent team got through it, Paul said, by “digging deep and working hard”.

He added: “No one was going to turn up and say to me ‘oh here’s all your work’. You had to go out, you had to meet people, you had to be at events. I was going to things and being eager and learning, learning, learning – never, ever, ever sitting still.

“And then, like everybody else, we were taking a punt on what were the best types of businesses to be around, and what were the ones that were going to weather that storm.”

‘It felt exciting’: Betting on Baltic Triangle regeneration

Paul bought out his original business partners in 2011 and the business continued its growth. And after a few moves around Liverpool, in 2012 the business moved to the emerging creative quarter around the Baltic Triangle, as the first tenant in the Baltic Creative warehouse on the corner of Jamaica and Jordan Streets.

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Why did Paul consider the Baltic so early? “Because I’m really nosy,” he laughed.

That meant he saw the area’s early potential as Jayne Casey, Mark Lawler and other Baltic pioneers began developing buildings in the area through the Baltic Creative CIC.

He said: “I’d been to see a client and I’ve been down in the Baltic – and remember the Baltic was almost redundant, it was going to be a red light zone! Then I saw what Jayne and Mark and others were doing down there, restoring these old warehouses.”

A page from the Liverpool Post in August 2012 featuring Agent Marketing's move to the Baltic Triangle

A page from the Liverpool Post in August 2012 featuring Agent Marketing’s move to the Baltic Triangle. Original photo by Julie Lowe(Image: Reach plc)

Paul told Baltic Creative he wanted to move in, and that he had ambitious plans for the space. He remembered: “They asked, ‘Why would you need pretty much 4,000 sq ft for 10 people?, and I said ‘We’re going to fill it’. And we absolutely have.”

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At first, with the Baltic still being a half-empty industrial zone, Agent was somewhat on its own.

“When we went down there,” Paul recalled, “Our clients would say. We’re not coming down there. We’re not leaving our cars down there’.

“But it felt exciting. The team really enjoyed it. We had a big massive space, as much car parking as you could possibly want.”

Later that year Baltic Creative opened officially, complete with flagship coffee shop and wooden shed offices for its tenants, and the area’s rebirth stepped up a gear.

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The Covid ‘storm’

Meanwhile Agent was growing its work across the North West and beyond, and five years ago opened a Manchester base at Bruntwood’s Portland Street office building. That came at a time when Agent was dealing with the effects of the Covid pandemic.

“I made the decision at the very beginning that you plan for rainy days in business,” he said. “And that was a storm. But I always believe that you have a moral obligation to look after your team. Even when you feel uncertain you have to make everyone feel as safe and secure as they possibly can. And what I didn’t want to do was say ‘let’s put everyone on furlough’.

“For us it was hard because we were so used to being a face-to-face agency, where we would always have clients in big working sessions with noise and collaboration, to then being completely separated.

“But we weathered that storm and when it was safe to do so, we all came back to the studio. And then that’s when we opened the Manchester studio.”

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‘You almost become used to the shocks’

There’s another set of storms right now, with businesses still facing high costs across the board while the war in Iran is causing more economic uncertainty. But Paul hopes his and Agent’s experiences in previous tough times will help see them through this time too.

He said: “It would be ridiculous to say ‘We found a sector that isn’t affected by this’, but we are in clean growth, we’re in net zero, logistics, tech for good, general ‘good business’.

“When you’ve been doing it for this amount of time, you almost become used to the shocks. So when they do come, you’re winded for a short period of time, and then you go, ‘well, what lessons did we learn last time? Okay, well, we’ll apply them in a different guise’.”

Lessons from AI and the four-day week

All firms in the digital and creative sector are now wrestling with using AI. Paul is confident that creative workers don’t have to panic about technology just yet.

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“AI will be fantastic for troubleshooting and making sure that things are accessible and tested and everything else,” he said.

“But will it ever be the person in the room that will connect you to your next big client? No. Is it going to be the person that’s going to showcase amazing ingenuity when it comes to a marketing strategy or a piece of creative or anything else? No, it’s not.

“So that’s a challenge but also an opportunity.”

For the last three years, Agent has offered its staff a four-day week. “That works really well,” said Paul. “Our retention is amazing… when we recruit, people really value it.”

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Agent Academy: Helping young people into the sector

For the last 12 years, Agent has also tried to help the talent of the future get started in the industry, through its sister social enterprise Agent Academy CIC. That academy is focused on helping young people into the creative sector, especially people from diverse and under-represented backgrounds.

Paul said: “We are going to help young people get into the digital and creative sector and to get long-term, permanent jobs. Not going on a course, not anything other than getting them into good jobs.

“There are people who are now marketing directors and communications directors who were on zero hour contracts, working in Tesco or Sainsbury’s, or working behind a bar and thinking. ‘How am I going to get out of this? Because I know I can do something else.’”

North West creative sector on the rise

Beyond Agent, Paul spent four years as deputy chairman of Liverpool Everyman and Playhouse theatres, and chaired the School for Social Entrepreneurs North West. Paul also served as the co-chair of the Creative and Digital Board at the Liverpool City Region Local Enterprise Partnership from 2017 to 2023, helping “bang the drum” for the sector.

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“I love to see the collaboration across the city region and the North West,” he said. “It’s great to see because we need an ecosystem here.”

And he added: “Liverpool’s creative sector is much more commercial than it’s ever been. It is much more confident as a city region.”

Asked what’s next, Paul joked “a rest”. But that’s not likely, particularly with Agent’s latest Good Growth summit coming up in Manchester in July. Agent itself became a B Corp last year, and Paul says the conference will focus on “being good citizens as well as a good business”.

He said: “There is an amazing lineup of people who are travelling from all over the country – senior CEOs, CMOs, investors – all coming to the North West to celebrate what we do best, which is good business that benefits people and place, and hopefully leaves the planet a little bit better than how we found it.”

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Musk loses OpenAI court battle after jury finds he waited too long to sue

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Musk loses OpenAI court battle after jury finds he waited too long to sue

Jurors spent weeks hearing about Musk’s claim that Altman had “stolen a charity.”

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Elon Musk just lost another lawsuit. Will he keep fighting?

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Elon Musk just lost another lawsuit. Will he keep fighting?

Musk’s loss against OpenAI is the latest in a string of courtroom defeats.

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(VIDEO) Aaron Rai’s Historic 65 Seals PGA Championship Triumph, Ending 107-Year English Drought

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Aaron Rai

NEWTOWN SQUARE, Pa. — Aaron Rai delivered one of the most composed final-round performances in recent major championship history Sunday, firing a 5-under-par 65 to capture the 2026 PGA Championship at Aronimink Golf Club and become the first Englishman to hoist the Wanamaker Trophy in 107 years.

The 31-year-old from Wolverhampton, England, posted rounds of 70-69-67-65 for a 9-under 271 total, pulling three shots clear of runners-up Jon Rahm of Spain and Alex Smalley, both at 6 under. Rai’s closing 65 featured an eagle, six birdies and three bogeys on the demanding 7,394-yard, par-70 layout west of Philadelphia, showcasing pinpoint iron play and clutch putting under intense pressure from a stacked leaderboard.

Rai entered the final round two shots behind third-round leader Smalley but seized control with a blistering back nine. After an early eagle on the par-5 ninth that ignited his round, he navigated Aronimink’s tree-lined fairways and challenging greens with remarkable precision. A 68-foot birdie putt on the par-3 17th effectively sealed the victory, drawing roars from the gallery and sending Rai into a moment of pure disbelief.

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“I can’t really put it into words right now,” Rai said afterward, fighting back tears during the trophy presentation. “This is what every kid dreams of — winning a major. To do it here, with my family watching, it’s special.”

The win marks only Rai’s second PGA Tour victory, following his 2024 Wyndham Championship triumph. It also ends a streak of 10 consecutive American winners at the PGA Championship and highlights the resurgence of international talent in golf’s biggest events. Rai, of Indian heritage through his family, becomes the first player of Indian descent to win a men’s major championship.

Aronimink Golf Club, hosting its second PGA Championship after 1962, presented a stern test with firm, fast conditions and strategic demands that rewarded accuracy over power. The course, redesigned over the decades but retaining its classic Donald Ross influences, saw 21 players within four shots of the lead heading into Sunday — one of the most bunched final rounds in recent memory.

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Rahm, the 2023 Masters champion, carded a solid 68 but couldn’t match Rai’s closing surge. The Spaniard mixed four birdies with two bogeys, finishing tied for second alongside Smalley, who posted a 70. Justin Thomas charged with a 65 to finish in a tie for fourth at 5 under, while Rory McIlroy ended at 4 under after a 69 that included a notable fan incident on the 16th.

Rai’s round unfolded like a masterclass in momentum. He made bogeys on holes 6 and 8 but responded immediately. The eagle on nine got him to 5 under for the tournament. Birdies on 10, 12, 13, 15 and 16 followed, with the par-5 16th yielding a textbook two-putt birdie after a strong approach. His only late drama came on the 18th, but a confident two-putt par closed out the historic victory.

Born in England to Indian parents, Rai grew up honing his game on custom-length courses created by his father in the backyard. He turned professional in 2012 and steadily climbed the ranks on the European Tour before earning his PGA Tour card. Known for wearing two gloves — a habit from his junior days — and maintaining a low-key demeanor, Rai has earned respect for his work ethic, including rigorous gym sessions and range time praised by peers like Xander Schauffele.

“This guy outworks everyone,” Schauffele said post-round. “He’s been building toward this for years. No one deserves it more.”

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The victory catapults Rai into golf’s elite. He earns $3.69 million, 750 FedEx Cup points and a five-year exemption into all future majors, including the Masters, U.S. Open and Open Championship. His world ranking is expected to surge into the top 10.

For English golf, the win carries deep historical weight. Jim Barnes, an English-born player often associated with the early U.S. game, was the last Englishman to win the PGA Championship in 1919 (he also won in 1916). No native Englishman had claimed the title in the stroke-play era until Rai’s breakthrough. British fans erupted on social media, hailing the moment as a landmark for the sport across the Atlantic.

Rai’s path to victory wasn’t without obstacles. He entered the week as a relative longshot at around 150-1 odds. Early in the tournament, he stayed under the radar while bigger names like Scottie Scheffler, defending champion, and McIlroy grabbed headlines. But consistent scoring and clutch moments — particularly his iron play, which ranked among the week’s best — positioned him for the Sunday charge.

Aronimink’s setup drew mixed reviews from players, with some praising the challenge and others noting it allowed for a congested leaderboard. The par-4 10th hole and reachable par-5s proved pivotal, rewarding bold yet calculated aggression. Rai navigated these holes flawlessly in the final round, avoiding the big mistakes that plagued several contenders.

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Beyond the individual triumph, Rai’s story resonates as one of perseverance. After more than a decade as a professional with modest wins, he broke through in dramatic fashion on American soil. His celebration — embracing caddie and family on the 18th green — captured the emotion of a long-awaited breakthrough.

As the golf world shifts focus to the U.S. Open next month at Oakmont, Rai’s win injects fresh excitement into the major season. It also underscores the global nature of modern professional golf, where players from diverse backgrounds can rise to the top through dedication and skill.

For now, Aaron Rai stands atop the game as the 2026 PGA Champion. The Wanamaker Trophy, gleaming under the Pennsylvania sun, belongs to England once more after more than a century. In a sport often defined by superstars, a quiet, determined Englishman reminded everyone that majors can still produce unforgettable underdog tales.

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The Global Growth of Social Casino Platforms and What It Means for Digital Entertainment

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The Global Growth of Social Casino Platforms and What It

Digital entertainment has become one of the most competitive sectors in the global consumer economy. Streaming services, mobile games, creator platforms, sports apps, and reward-based entertainment products are all competing for the same thing: attention.

The Global Growth of Social Casino Platforms and What It
The Global Growth of Social Casino Platforms and What It Means for Digital Entertainment

Within that crowded environment, social casino platforms have become an interesting part of the wider gaming and entertainment market. They sit between casual gaming, casino-inspired design, loyalty mechanics, mobile entertainment, and digital rewards.

For users, these platforms offer convenient, interactive leisure. For businesses, they represent a broader change in how entertainment products are built, monetised, and distributed.

The growth of social casino games is not only a gaming story. It is also a story about mobile-first consumer behaviour, global platform models, digital trust, and the increasing demand for entertainment that feels flexible and easy to access.

A Market Moving Toward Interactive Leisure

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The global entertainment market has spent the past decade moving from scheduled consumption to on-demand access. Television became streaming. Retail became ecommerce. Live communities moved into social apps. Games moved from consoles into phones.

The same pattern is visible in casino-inspired entertainment.

Traditional casino destinations still have cultural and commercial importance. Cities such as Las Vegas, Macau, and Monte Carlo remain closely associated with travel, hospitality, nightlife, and gaming. But digital platforms have created a different type of access. They allow adults to engage with casino-style entertainment without making it a destination event.

This shift does not mean online platforms replace physical venues. Instead, they expand the number of moments where gaming-inspired entertainment can happen.

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A person may visit a casino resort on holiday but use mobile entertainment during an ordinary week. The two experiences serve different needs.

Why Social Casino Platforms Are Growing

The growth of this category is connected to several larger trends in consumer behaviour.

Mobile Access Has Changed Expectations

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Mobile devices have trained users to expect entertainment instantly. A platform that requires too much effort, loads slowly, or feels confusing is unlikely to keep attention.

Social casino platforms benefit from this behaviour because they are often built for short, repeatable sessions. Users can open a game quickly, interact for a limited period, and return later.

This mobile-first habit is now one of the strongest forces shaping digital entertainment globally.

Casual Gaming Has Gone Mainstream

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Gaming is no longer limited to dedicated gamers. Many adults who would not describe themselves as gamers still play mobile games, word games, puzzles, trivia apps, fantasy sports, or casino-style games.

Casual gaming succeeds because it has a low barrier to entry. It does not require special hardware, long tutorials, or intense skill development. It fits into spare moments.

Social casino-style entertainment belongs to this casual gaming environment. It offers familiar formats, simple interaction, and quick feedback.

Digital Rewards Create Repeat Engagement

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Rewards have become a major feature of online platforms. Users see them in fitness apps, shopping programs, travel loyalty schemes, education platforms, and games.

In social casino platforms, rewards may appear as coins, bonuses, daily incentives, progress systems, or promotional features. These mechanics can help make the experience feel more dynamic.

For businesses, reward systems can support retention. For users, they can add structure and variety. The challenge is making those rewards clear and transparent.

Personalisation Is Becoming Standard

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Consumers increasingly expect platforms to understand their preferences. They are used to recommended shows, playlists, products, and content feeds.

Gaming platforms are following the same direction. Personalisation can help users discover games, manage preferences, and receive more relevant experiences.

However, personalisation needs balance. If it becomes too aggressive, users may feel pressured. The strongest platforms use personalisation to reduce friction, not to overwhelm.

The Business Model Behind the Trend

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The growth of social casino platforms shows how digital entertainment businesses increasingly rely on experience design rather than content alone.

A platform is not simply a collection of games. It is an ecosystem that includes onboarding, account creation, interface design, rewards, payments, customer support, data protection, responsible play tools, and user communication.

Each part affects retention.

If onboarding is confusing, users may leave early. If rewards are unclear, trust may fall. If support is slow, frustration grows. If mobile performance is weak, users may not return.

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This is why the category is as much about product strategy as it is about gaming.

Successful platforms often focus on:

  • · Fast mobile access.
  • · Clear user journeys.
  • · Simple explanations.
  • · Secure account management.
  • · Responsible entertainment features.
  • · Frequent content refreshes.
  • · Data-informed personalisation.
  • · Smooth support experiences.

These are not only gaming features. They are digital business fundamentals.

Global Growth Does Not Mean One Global User

One mistake business often make is assuming that global growth creates one universal user profile. It does not.

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Users in different regions may have different expectations around payments, promotions, mobile design, privacy, support, language, regulation, and entertainment habits.

A platform that works well in one market may need adjustments elsewhere.

For example, some users may prioritise payment convenience. Others may care more about privacy. Some may respond well to loyalty-style rewards, while others prefer simple game access. Some markets are highly mobile-first, while others still see stronger desktop usage.

Global growth therefore requires localisation.

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This can include:

1. Language and tone
Content should sound natural to the market, not simply translated.

2. Payment preferences
Users may prefer different payment methods depending on region.

3. Regulatory awareness
Gaming and promotional models can vary by jurisdiction.

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4. Customer support expectations
Response times, channels, and communication styles differ between markets.

5. Cultural design choices
Visuals, themes, and user flows may perform differently across regions.

The companies that understand these differences are better positioned for long-term growth.

Trust Is Becoming a Competitive Advantage

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As more entertainment options appear online, trust becomes increasingly important. Users are not only asking whether a platform looks fun. They are asking whether it feels reliable.

Trust signals include clear terms, secure account features, transparent reward rules, accessible support, responsible play resources, and consistent communication.

This is especially important in casino-style entertainment, where users need to understand how features work before participating.

A platform that hides important information may gain attention quickly, but it risks losing credibility. A platform that explains itself clearly may build stronger long-term relationships.

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In the digital entertainment economy, trust is not just a compliance issue. It is a growth strategy.

What This Means for the Future of Digital Entertainment

The rise of social casino platforms points toward several likely developments in the broader entertainment market.

More Hybrid Entertainment Models

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The line between gaming, rewards, media, loyalty, and ecommerce will continue to blur. Users may increasingly expect entertainment to include progress systems, personalisation, and interactive features.

Stronger Mobile Product Standards

Mobile performance will become even more important. Platforms that are slow or difficult to use on phones will struggle against smoother competitors.

Greater Focus on Responsible Design

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As engagement tools become more sophisticated, responsible use features will matter more. Time reminders, limits, clear terms, and user control will become part of quality product design.

More Data-Informed Experiences

Platforms will use data to improve recommendations, support, fraud prevention, and personalisation. The best companies will do this transparently and carefully.

Increased Competition for Attention

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Social casino platforms will not compete only with one another. They will compete with streaming services, sports apps, mobile games, creator platforms, and every other digital product vying for leisure time.

Common Challenges for the Industry

Despite the growth opportunity, the category faces several challenges.

  • · Maintaining user trust in a competitive market.
  • · Explaining rewards and promotions clearly.
  • · Avoiding overuse of notifications.
  • · Meeting different regulatory expectations.
  • · Preventing fraud and account abuse.
  • · Supporting responsible entertainment habits.
  • · Localising products for different markets.
  • · Keeping mobile experiences fast and simple.
  • · Balancing personalisation with user control.
  • · Building long-term loyalty beyond short-term incentives.

These challenges are not minor. They will help determine which platforms become sustainable brands and which fade after short-term acquisition campaigns.

Frequently Asked Questions

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Why are social casino platforms growing globally?
They are growing because they combine mobile access, casual gaming, digital rewards, and interactive entertainment in a format that fits modern consumer habits.

Are social casino platforms the same as traditional casino venues?
No. Traditional venues offer physical atmosphere, hospitality, travel, and destination value. Digital platforms offer convenience, flexibility, and online access.

Why do rewards matter in this category?
Rewards create feedback and a reason to return. They can make the user experience feel more engaging when they are clear and easy to understand.

What makes a platform successful in different markets?
Successful platforms often localise language, payments, support, design, and compliance practices for each market.

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Why is trust so important?
Users need to understand how the platform works and feel confident that their information, account, and experience are handled responsibly.

Final Analysis

The global growth of social casino platforms reflects a wider change in digital entertainment. Consumers want entertainment that is accessible, mobile-friendly, interactive, and easy to fit into daily life.

For businesses, the opportunity is significant, but so is the responsibility. Growth depends not only on attracting users, but on earning their trust through clear design, secure systems, responsible features, and transparent communication.

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Key points to remember:

  • · Social casino platforms are part of the larger casual gaming and digital rewards economy.
  • · Mobile-first access is one of the biggest drivers of growth.
  • · Digital rewards and personalisation can improve engagement when used responsibly.
  • · Global expansion requires localisation, not a one-size-fits-all approach.
  • · Trust is becoming a defining competitive advantage in online entertainment.

As the digital entertainment market continues to evolve, platforms that combine convenience, clarity, and responsible design are likely to stand out. The future will belong not only to the most engaging products, but to the one’s users feel confident returning to.

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Ajinomoto Foods North America names new CEO

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Ajinomoto Foods North America names new CEO

Dave Gardner promoted from chief supply chain officer.

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why Vladyslav Vlasiuk’s story is not just a matter of individuals, but also of the quality of corporate governance within the state sector

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The nationalisation of Sense Bank in 2023 was intended to serve as an example of how, in a wartime context, the state is capable of taking control of a systemically important financial asset swiftly, in a legally sound manner and with institutional accountability.

The nationalisation of Sense Bank in 2023 was intended to serve as an example of how, in a wartime context, the state is capable of taking control of a systemically important financial asset swiftly, in a legally sound manner and with institutional accountability.

However, just two years later, another question has arisen regarding the bank: has nationalisation shifted from being a tool for financial stability to a mechanism for certain individuals to bolster their political influence for their own interests, exert control over personnel appointments, and undermine corporate governance standards?

One of the key figures in this debate is Vladyslav Vlasiuk—a member of the Supervisory Board of Sense Bank and an adviser to the President of Ukraine on sanctions policy. He was appointed to the Supervisory Board of Sense Bank on 22 July 2023 — effectively at the very moment the bank was transferred into state ownership. It is known that Vlasiuk has served as a non-staff adviser to the Office of the President since May 2022, and on 16 August 2024 he was appointed the President’s adviser and commissioner for sanctions policy.

This in itself does not constitute evidence of a breach of the law. However, for a state-owned bank—especially one that is due to be sold—it is not just a matter of formally complying with procedures. An impeccable reputation is essential. The supervisory board of a state-owned bank should act as an institutional safeguard against political influence from both the state and from private individuals, rather than serving as a conduit through which extraneous private interests might infiltrate the management of the financial institution.

A state-owned bank cannot be an extension of the cabinet of government

Sense Bank has been transferred to state ownership following changes to the law, a resolution of the Cabinet of Ministers and a share purchase agreement between the Ministry of Finance and the Deposit Guarantee Fund for Individuals. The dossier also states that, pursuant to a resolution of the Cabinet of Ministers dated 1 October 2025, preparations were initiated for the sale of stakes in Sense Bank and Ukrgasbank with the aim of reducing the state’s share in the banking sector and raising funds for the budget.

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That is precisely why the composition of Sense Bank’s Supervisory Board is a matter of strategic, rather than technical, importance. Before a state-owned bank is sold, potential investors assess more than just its balance sheet, capital, profitability or customer base. They assess the quality of governance, the independence of supervisory bodies, the transparency of appointments, reputational risks and the degree of political distance between the bank and the government.

If a member of the Supervisory Board is also linked to the political decision-making centre, a legitimate question arises: is such a person capable of performing an independent supervisory role? This is particularly true in a bank where the state is the owner, the government is the seller of the asset, and the political authorities have a potential interest in controlling the process.

Remuneration, status and the question of proportionality

The issue of remuneration warrants special attention. According to his 2024 tax declaration, Vladyslav Vlasiuk’s salary at the State Administration of Affairs was 393,905 UAH, whilst his salary from his secondary employment at Sense Bank JSC was 5,878,484 UAH. The declaration also lists income from the Kyiv School of Economics Charitable Foundation amounting to 1,058,142 UAH, Bitcoin holdings worth 610,000 UAH, funds in bank accounts in UAH, euros and US dollars, as well as 40,000 US dollars in cash.

A high level of remuneration for a member of a state-owned bank’s Supervisory Board is not a problem in itself, provided it is in line with market rates, the scope of responsibility and performance. However, in a state-owned bank during wartime, such remuneration must be as transparent as possible and properly explained to the public. Especially when it comes to someone who also holds a political post within the President’s office.

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This raises more than just the question, “How much does a member of the Supervisory Board earn?” The key question is a different one: for what results, for what added value, and according to what performance criteria are such funds paid out? Have the KPIs been published? Was the work of the Supervisory Board assessed independently? Were the Board’s decisions aimed at increasing the bank’s value ahead of a future sale? Or, conversely, is the bank becoming part of an opaque system of state control over personnel?

Network of connections as a reputational risk

A detailed map of organisational and family connections can be found in the media. Vladyslav Vlasiuk and his brother Vitaly Vlasiuk are involved in a number of non-profit organisations, particularly those focused on the development of artificial intelligence, legal initiatives, the environment and restoration. Both also hold a 20% stake each in Professional Support of Medicine Office LLC.

The mere fact of participating in public organisations or business entities does not constitute a breach. However, for an official who is also involved in the supervision of a state-owned bank, such a network must be assessed in terms of potential conflicts of interest. A state-owned bank is a financial institution that deals with major clients, budgetary flows, state support, lending, restructuring, compliance and sanctions risks. Therefore, any links with the business world, politics, government officials or public bodies should not be concealed but should be openly examined.

It is worth noting that Vitaly Vlasiuk served as Deputy Head of the Kyiv Regional State Administration in 2022–2023, and has held the post of Deputy Head of the Khmelnytskyi Regional State Administration for Digital Development since July 2024. In 2023, he was a candidate for the post of director of NABU.

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Taken together, this shapes not only the family context but also the administrative and political context. For the purposes of corporate governance, it is important that such circumstances are properly verified, documented and taken into account when assessing the independence of a member of the Supervisory Board.

Family assets and the issue of public trust

The most sensitive issue concerns family property. There is information to suggest that Vladyslav Vlasiuk is the son of Viktor Vlasiuk, the former head of the Vinnytsia Medical and Social Expertise/Assessment Commission. It is also noted that, according to his declaration, Viktor Vlasiuk works as a general practitioner at the Vinnytsia Regional Centre for Medical and Social Assessment, and his income for 2024 comprised his salary, income from business activities, and other income from ENERA VINNYTSIA LLC. The ultimate beneficiary of this company is Konstantin Grigorishin, who has been subject to sanctions imposed by the National Security and Defence Council since 19 January 2025.

There is evidence of a substantial property portfolio owned by Viktor Vlasiuk: residential houses, flats in Kyiv and Vinnytsia, plots of land, commercial premises, as well as three Tesla Model S cars and a trailer. Again, mere ownership of property does not in itself prove any wrongdoing. But in a country that has been rocked by a major scandal surrounding the Medical-Social Expert Commissions (MSEK), such figures require a public explanation. It is not because a relative of a public official is automatically liable for the debts/assets of their father or other family members. It is because public confidence in the state-owned bank, its Supervisory Board and the future sale of the asset depend on whether there are any individuals within the management structure who are unduly vulnerable in terms of their reputation.

An article should not substitute a court’s findings with evidence from the press. But it is entirely legitimate to ask whether a full investigation was carried out into the origins of assets linked to the family circle. Have the reputational implications for Sense Bank been assessed? Was the link between the role of sanctions policy, membership of the bank’s Supervisory Board, and the family and financial circumstances mentioned in the dossier taken into account?

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Sense Bank as a litmus test for public administration

The issue with Sense Bank goes beyond any one individual. It highlights a general trend: state assets are increasingly falling under the influence of political appointments. Formally, appointments may be made in accordance with the procedures. But corporate governance is not just about procedures. At its core lie independence, integrity, professionalism and accountability.

A seat on the Supervisory Board of a state-owned bank should not be a reward for political loyalty. It should not serve as a platform for representatives of informal interest groups. Its role is to protect the bank, its depositors, the state as a shareholder, and the future value of the asset. If, however, the members of the Supervisory Board are perceived as having political ties, this undermines confidence in the bank even before the sale process has begun.

In the case of Sense Bank, the situation is particularly delicate. The bank was nationalised during the war. This means that the public has, in effect, accepted the government’s argument: that the intervention was necessary in the interests of financial stability and national security. But in that case, the state has a heightened obligation to prove that, following nationalisation, the bank did not become the subject of political redistribution of power.

What needs to be done

Firstly, an independent assessment must be carried out of the composition of Sense Bank’s Supervisory Board to ensure it complies with the principles of independence, integrity and reputational soundness.

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Secondly, the criteria for remunerating members of the Supervisory Board must be made public: KPIs, assessment criteria, decisions on awarding bonuses, comparison with market practices and the bank’s performance results.

Thirdly, prior to privatisation or the sale of the state’s stake, a separate audit of Sense Bank’s corporate governance must be carried out. A potential investor should look not only at the financial statements, but also at the quality of the governance structure.

Fourthly, the state should introduce a clear rule: individuals holding political or quasi-political positions within the President’s Office, the government or other centres of power must not simultaneously perform independent supervisory functions in state-owned banks. Otherwise, the concept of independence loses its meaning.

Fifthly, all potential conflicts of interest involving members of the supervisory boards of state-owned banks must be identified, verified and disclosed to the extent permitted by law. In the public sector, reputational risk is not a private matter, but a question of trust in institutions.

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It is well known that such investigations often serve as a means of glossing over the problem, delaying a resolution and diverting public attention away from unpleasant facts. It seems that this approach is not acceptable in the case of Sense Bank. However unpleasant the potential findings of the investigation may be, it must be conducted swiftly, thoroughly, independently and transparently. The abscess must be lanced and, if necessary, excised, otherwise there is a risk of further systemic infection. This will not weaken Ukraine; on the contrary, it will enhance its standing in the eyes of its partners and allies.

Conclusion

Vladyslav Vlasiuk’s story at Sense Bank is not just the story of a single member of the Supervisory Board. This is a story about whether the Ukrainian state is capable of distinguishing between corporate governance and political patronage.

A state-owned bank must not be used as a tool for personnel appointments within the government hierarchy. If Sense Bank is to be sold, the government must first demonstrate that it is managed professionally, transparently and independently. Otherwise, the sale of the state-owned asset will be overshadowed by doubts as to whether the state actually turned the bank around following its nationalisation, or merely shifted the centre of influence over it.

The key question today is this: is the state prepared to apply to itself the same standards of integrity that it demands of private businesses, bankers and international partners? Sense Bank could become the answer. Or it could become yet further proof that corporate governance in Ukraine remains a mere façade, behind which political expediency continues to prevail.

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Federal jury delivers verdict in Elon Musk’s lawsuit against OpenAI

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Elon Musk seeks $150B from OpenAI, claims company abandoned mission for profit

A federal jury ruled against Elon Musk in his lawsuit accusing OpenAI of abandoning its nonprofit roots, finding that neither the tech company nor CEO Sam Altman could be held liable in the matter because Musk waited too long to bring the case.

The jury delivered a unanimous verdict after deliberating for less than two hours on Monday morning, following 11 days of testimony and arguments in Oakland, California. They found all of Musk’s claims against the company and Altman to have exceeded the statute of limitations.

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Musk was a co-founder of OpenAI in 2015, but left the artificial intelligence (AI) startup in 2018 after he was unable to persuade its other leaders to have OpenAI merge with Tesla or create a for-profit entity led by him to attract the investment needed to meet the company’s technological needs.

In his lawsuit, Musk accused OpenAI of violating its founding mission as a nonprofit to develop AI for the benefit of humanity when the startup created a for-profit entity in 2019.

ELON MUSK ATTORNEY CLAIMS OPENAI, SAM ALTMAN ‘STOLE A CHARITY’ AS HIGH-STAKES LEGAL FIGHT BEGINS

Elon Musk arrives for the trial

Elon Musk sued OpenAI seeking the removal of CEO Sam Altman and President Greg Brockman, as well as monetary damages he said he would give to OpenAI’s nonprofit. (Jessica Christian/San Francisco Chronicle via Getty Images)

His lawsuit sought the removal of OpenAI CEO Sam Altman and President Greg Brockman from their roles at the company. He also sought over $150 billion in damages from OpenAI and Microsoft, which Musk said he would provide to OpenAI’s nonprofit entity. Altman and Brockman were among OpenAI’s co-founders.

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ELON MUSK SAYS HE WAS A ‘FOOL’ FOR FUNDING OPENAI: REPORT

Sam Altman is dark suit walking into courthouse

OpenAI CEO Sam Altman arrives at the federal courthouse, as the trial in Elon Musk’s lawsuit over OpenAI’s for-profit conversion continues, in Oakland, California, on May 14, 2026. (Reuters/Manuel Orbegozo / Reuters Photos)

Altman and OpenAI, now a company valued at $852 billion, argued there was never a promise to keep the company nonprofit permanently.

Elon Musk's lawsuit

Elon Musk stands in an elevator to attend the trial in his lawsuit over OpenAI for-profit conversion at a federal courthouse, in Oakland, California, U.S., April 30, 2026. (Reuters/Manuel Orbegozo / Reuters)

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The company behind ChatGPT further countered Musk’s claims by noting that the Tesla CEO pursued a merger with OpenAI and was involved with discussions about creating a for-profit entity for the company before his departure from its board of directors. They also said they viewed the lawsuit as a tactic to boost his own AI startup, xAI, as a competitor to OpenAI.

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Online Rumors Swirl Around Daughter Annie and Son-in-Law

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Zayed International Airport Abu Dhabi International Airport

TUCSON, Ariz. — More than 100 days after 84-year-old Nancy Guthrie vanished from her Catalina Foothills home, fresh online speculation has intensified around her daughter Annie Guthrie and son-in-law Tommaso Cioni, with unverified claims they have not been seen at their nearby Arizona residence for over a week.

Authorities have not publicly linked the couple to any wrongdoing, and no arrests have been made in the high-profile case involving the mother of NBC “Today” show co-anchor Savannah Guthrie. Pima County Sheriff’s Department officials continue to describe the investigation as active and ongoing, with FBI assistance, but have released limited new details amid efforts to protect leads.

Nancy Guthrie was last seen after a family dinner on Jan. 31, 2026. She was reportedly dropped off at her home by Annie and Tommaso Cioni. The next morning, family members reported her missing. Investigators found signs of forced entry, blood evidence at the property and a tampered doorbell camera showing a masked individual, according to details shared in media reports and family statements.

Self-described investigative commentator Jonathan Lee Riches, active on X, recently posted claims that Annie Guthrie and Cioni’s home appeared unoccupied, with their vehicle missing. Neighbors and online observers echoed similar observations, fueling theories on social media platforms like Reddit and X. However, mainstream outlets and journalists covering the case, including NewsNation’s Brian Entin, have reported no evidence implicating family members.

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Sheriff Chris Nanos and the Pima County Sheriff’s Department have emphasized that the case began as a suspected abduction. DNA samples, including hair and blood from the scene, were sent to the FBI for advanced testing. A $1 million family reward remains active for information leading to Nancy Guthrie’s safe return.

Savannah Guthrie has maintained a relatively low public profile while balancing work and family pleas. On Mother’s Day 2026, she posted an emotional message urging prayers and sharing memories. She recently announced a new game show project but continues to advocate for her mother’s return. “We miss you with our every breath,” she wrote in one update.

The case has drawn intense media attention and amateur sleuth involvement, leading to complaints about trespassers and vloggers in the neighborhood. Officials have urged the public to avoid speculating and to report credible tips directly to law enforcement or the FBI tip line.

Early in the investigation, cryptocurrency ransom demands surfaced but went unresolved without proof of life. Searches have covered desert areas, with volunteers and law enforcement pursuing thousands of leads from surveillance footage and tips. As the case enters its fourth month, some former investigators suggest it may be shifting toward recovery efforts, though officials maintain hope.

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Annie Guthrie and Tommaso Cioni were reportedly among the last to see Nancy alive. Their home has undergone consented searches by investigators in the past. Online speculation persists partly because of their proximity and family connections, but authorities and journalists stress the absence of public evidence tying them to foul play.

Pima County officials have conducted door-to-door inquiries and analyzed extensive video evidence. Sheriff Nanos has said investigators are “definitely closer” but has slowed public updates to safeguard the probe. The FBI’s involvement includes forensic work on items from the home.

The disappearance has captivated true-crime audiences nationwide, with figures like Khloé Kardashian publicly discussing it on podcasts. Amateur theories proliferate online, ranging from targeted abduction to more speculative family-related claims, but law enforcement has not named suspects.

Nancy Guthrie, described as active despite health challenges, lived independently in the Tucson area. Her vanishing without medication, shoes or other essentials raised immediate red flags. Family members, including Savannah, have highlighted inconsistencies in the timeline that continue to haunt the case.

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As days stretch into months, the emotional toll on the Guthrie family is evident. Savannah returned to “Today” after an initial absence and has used her platform sparingly to appeal for information. The family’s reward offer underscores their desperation for answers.

Broader questions linger about security in the affluent Catalina Foothills neighborhood. The tampered camera and blood evidence suggest a deliberate act, yet the lack of immediate witnesses or clear motive puzzles investigators and the public alike.

Community vigils and independent searches continue, blending awareness efforts with criticism over potential interference. Officials caution that unverified social media claims can hinder progress by spreading misinformation or harassing those close to the case.

The Pima County Sheriff’s Department and FBI continue sifting through tips. Anyone with information is encouraged to contact authorities rather than engage in public speculation. A dedicated tip line and anonymous reporting options remain available.

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Nancy Guthrie’s case highlights the challenges of high-profile missing persons investigations in the social media age. While digital sleuths generate leads, they also complicate official work. As the search surpasses 100 days with no confirmed proof of life, the focus remains on bringing resolution to the Guthrie family.

For now, the disappearance of Nancy Guthrie stands as an unresolved mystery. Law enforcement urges patience and vigilance, reminding the public that credible information could still break the case open. The family’s public appeals and private anguish continue amid a nationwide watch.

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Starbucks prices tender offer for up to $1.32 billion in notes

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Starbucks prices tender offer for up to $1.32 billion in notes

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GIFT Nifty jumps nearly 1% after reports of US relief on Iran oil sanctions

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GIFT Nifty jumps nearly 1% after reports of US relief on Iran oil sanctions
GIFT Nifty surged nearly 1% after reports suggested the United States may temporarily ease sanctions on Iranian oil exports as part of ongoing diplomatic discussions. The sharp move higher signalled a positive start for Indian equities after volatile trading in the earlier session, when concerns over rising crude oil prices and escalating tensions in West Asia had weighed heavily on market sentiment.

According to reports, Iran’s foreign ministry spokesperson said the country remains focused on ending the ongoing conflict. Iranian news agency Tasnim also reported that the US has proposed a temporary waiver on sanctions related to Iranian oil exports until a final agreement is reached.

The developments raised hopes that additional Iranian crude supply could return to global markets, easing pressure on oil prices and reducing fears of a prolonged energy shock.

Global crude prices have surged sharply in recent sessions amid concerns that tensions involving Iran could disrupt supplies in the Middle East, a region critical to global oil flows. India, which imports more than 80% of its crude oil requirements, remains particularly sensitive to rising oil prices because they directly impact inflation, the rupee and fiscal balances.

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The latest reports therefore triggered relief buying across risk assets, especially in Asian markets and equity futures.


On Monday, benchmark indices had witnessed extreme volatility before recovering losses toward the close. BSE Sensex ended 77 points higher at 75,315 after falling more than 1,100 points during intraday trade. Nifty 50 closed nearly flat at 23,650 after staging a late recovery.
Vinod Nair, Head of Research at Geojit Investments, had said the prolonged US-Iran stalemate continued to cloud near-term market sentiment, while higher bond yields, elevated crude prices and rupee weakness reinforced inflation concerns.Hariprasad K, Research Analyst and Founder of Livelong Wealth, said markets witnessed aggressive short covering and selective value buying after the early panic selling phase.

He noted that export-oriented sectors such as information technology were increasingly being viewed as defensive allocations during periods of geopolitical uncertainty.

Analysts believe any diplomatic breakthrough involving Iran could reduce pressure on global crude prices and improve risk appetite across emerging markets including India. Brent crude had climbed above $110 per barrel during the previous session as investors feared possible disruptions to Middle East oil supplies.

Analysts said the market will continue to closely track developments around Iran-related negotiations because oil prices remain one of the biggest near-term risks for inflation and equity valuations globally.

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(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

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