BusinessPolicy

Betfred Warns of Potential UK Shop Closures Amid Gambling Tax Review

British bookmaker Betfred has issued a stark warning that potential tax increases in the upcoming budget could force the closure of its entire UK retail network. The company claims that 7,500 jobs are at risk as the Treasury considers raising levies on the gambling industry.

Gambling Giant Issues Closure Warning

British betting company Betfred has reportedly threatened to close all of its 1,300 high street shops if the government proceeds with planned tax increases on the gambling industry. According to reports, the company has written to Chancellor Rachel Reeves and Culture Secretary Lisa Nandy warning that tax hikes would render their retail operations financially unviable.

FinancePolicy

Apollo CEO Warns Europe’s Regulatory Climate Threatens Economic Revival

Apollo Global Management CEO Marc Rowan has declared Europe is “at war with itself” over financial regulation, stifling economic growth. Despite these challenges, private capital firms are planning substantial investments across the continent to fund critical infrastructure projects.

Europe’s Regulatory Environment Hampering Growth, Apollo Chief Warns

Marc Rowan, chief executive of Apollo Global Management, has issued a stark warning about Europe‘s economic prospects, stating the continent is “at war with itself” as excessive financial regulation stifles growth and undermines competitiveness with the United States, according to reports from the Financial Times private capital summit.

BusinessFood

Food Sector Faces Transformative Moment as Health and Demographic Trends Reshape Industry Landscape

The global food industry has reached a pivotal transformation point driven by demographic shifts and scientific breakthroughs, according to Danone’s chief executive. The French food giant is redirecting investments toward gut health research and medical nutrition while overhauling its corporate strategy. Industry analysts reportedly view these moves as indicative of broader sector changes.

Industry at Critical Crossroads

The global food industry is reportedly approaching a significant transformation moment as changing demographics, evolving consumer preferences, and scientific advancements converge to reshape market dynamics. According to reports from Danone CEO Antoine de Saint-Affrique, these combined factors have created what he describes as a “tipping point” for food manufacturers worldwide.

BusinessStartups

Former Builder.ai Finance Chief Subpoenaed in US Fraud Investigation

The former CFO of Builder.ai has been subpoenaed by US prosecutors investigating the startup’s collapse. Authorities are examining allegations of inflated revenues and questionable accounting practices at the once-valued $1 billion company.

Builder.ai’s Former CFO Subpoenaed in Federal Investigation

Former Builder.ai chief financial officer Andres Elizondo has been subpoenaed by US prosecutors as authorities investigate the circumstances surrounding the collapse of the Microsoft-backed startup, according to reports from the Financial Times. The subpoena reportedly requests Elizondo appear before a grand jury in a Manhattan court for questioning in September.