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Thiel Fund Leads $49 Million Investment in Bulgarian Space Firm

Thiel Fund Leads $49 Million Investment in Bulgarian Space Firm

Bloomberg5 days ago

Peter Thiel's Founders Fund is adding to its space portfolio by leading a €43 million ($49 million) investment in EnduroSat, a Bulgarian manufacturer of satellites.
The startup, based in Bulgaria's capital of Sofia, will use the money to increase next-generation satellite production and open a new manufacturing facility, according to a statement from EnduroSat.

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Restaurants remove ‘king of fish' from menus as prices soar
Restaurants remove ‘king of fish' from menus as prices soar

Yahoo

time13 minutes ago

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Restaurants remove ‘king of fish' from menus as prices soar

Chefs are being forced to take the so-called king of fish off their menus, as the soaring price of seafood makes it virtually impossible to turn a profit. Treasured for its succulent flesh and superior flavour, turbot has long been considered among the finest fishes on restaurant menus. Yet it is becoming a rare option for diners following steep increases in the cost of fish and seafood. Tommy Banks, chef patron of Michelin-starred restaurants The Black Swan and Roots, both in Yorkshire, said: 'It's the king of the sea, a beautiful fish. Pre-pandemic, I paid £18 per kilo. Now it can be as much as £65. 'You can't afford to put it on the menu. And if you do… the amount you'd have to charge for it. There's just no value whatsoever. There really isn't cheap or cheaper fish any more. But turbot in particular is just outrageous, and you can't afford to use it.' Mr Banks recently hosted a tasting night at his restaurant Roots where one of the dishes included turbot. However, he said: 'I was giving a 60g sliver, literally a sliver [to diners]. We were like 'Well, we need to make turbot the smallest [dish] because it's so expensive'. It was costing £9 for 60g of fillet.' Adrian Nunn, director of The Upper Scale, which sells fish to consumers and restaurants in London, said many restaurants had stopped ordering turbot altogether, and were using more affordable alternatives – like Dover sole. He said: 'I don't think I've got one restaurant using turbot. They used to and they've stopped, they can't afford to.' Seafood prices have soared across in recent years, with produce such as langoustines also becoming unsustainable to serve in restaurants. Mr Banks said: 'Some of these really luxury ingredients – like turbot, langoustine, lobster, caviar and truffle – you'll only really find in Mayfair now.' However, Mr Nunn added: 'It's not just the prime fish, It's all fish, whether it's frozen or whether it's sardines, mackerel, whether it's turbot, Dover soles, it's all gone up.' Traditional fish suppers have been hit too. According to the Office for National Statistics, the price of a kilogram of white fish fillets has risen by more than 28pc in the three years to January 2025 to hit £20.59. Inflation in fish and seafood has been blamed on steep rises in the cost of labour, shipping and energy – keeping fish chilled or frozen is particularly energy intensive – and the reduction of fishing quotas by international governments. Laky Zervudachi at fish wholesaler Direct Seafoods, added: 'This year we have seen increasing inflationary pressure on virtually all species of seafood, whether it be simple staples like cod and haddock, to the more exclusive species like scallops and lobsters. 'As always, there are many factors that combine to create these increases, not least are a number of precautionary measures that have been taken by international bodies to help preserve fishing stocks around the world.' Adding to pressure is increased demand for fish from Spanish and French buyers, which has driven up the price for British firms, Mr Nunn said. He said: 'We buy in North of England, because there's not so many Spanish and French buyers up there. They'll just outbid us. We'd love to buy turbot at £10 per kilo, but they'll pay £20, £25, £30 so that's it.' Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month with unlimited access to our award-winning website, exclusive app, money-saving offers and more.

OPPO and the UEFA Champions League Final: Powering Football Innovation On and Off the Pitch
OPPO and the UEFA Champions League Final: Powering Football Innovation On and Off the Pitch

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time20 minutes ago

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OPPO and the UEFA Champions League Final: Powering Football Innovation On and Off the Pitch

Munich, Germany--(Newsfile Corp. - June 1, 2025) - The 2024/25 UEFA Champions League season reached its spectacular conclusion on 31 May at Munich Football Arena. As the Official Smartphone Product Partner of the prestigious competition for the third consecutive year, OPPO celebrated the event with a series of football-related CSR programs and cultural activations around the final as well as reaffirming its commitment to supporting football through innovation in technology and social initiatives. By integrating cutting-edge technology into football and strengthening connections between fans and the game worldwide, OPPO continues to empower footballers and supporters to truly "Make Your Moment", creating unforgettable experiences both on and off the pitch. Fans take a virtual selfie with virtual Lamine Yamal powered by OPPO AI To view an enhanced version of this graphic, please visit: Watch the Game Like Never Before with OPPO Technology Inside the Champions Village at Munich Football Arena, OPPO brought together football culture, highlights from the UEFA Champions League history, and the sporting spirit of Munich alongside the company's latest AI technologies and camera innovations. Football fans from around the world were given the chance to take AI-powered selfies with a virtual avatar of Spanish football prodigy and OPPO Global Brand Ambassador, Lamine Yamal, at the interactive booth, making their own hero moment powered by OPPO AI. Inter Milan legend, Marco Materazzi, also made a surprise appearance at the OPPO Hospitality Lounge, where he met with fans and demonstrated the latest OPPO technology. Alongside the OPPO and UEFA Champions League highlights on display at the Champions Village, the event also featured a showcase of OPPO's latest AI and photography technology. Pushing the boundaries of smartphone photography, OPPO's new camera zoom technology eliminates typical user challenges when shooting photo and video from a distance, enabling even spectators in the highest stands to capture stunning close-ups as if standing on the sidelines. Enhanced by other OPPO AI features like AI Unblur and AI Eraser, OPPO's camera technology empowers fans to effortlessly capture goals, saves, and more epic moments, transforming the on-pitch excitement into timeless, unforgettable memories. Legendary moments on the pitch captured by OPPO technology To view an enhanced version of this graphic, please visit: Creating a Global Platform for Football Culture Through Technology On the eve of the UEFA Champions League Final, OPPO invited Global Brand Ambassador Kaká, and Brazilian football legend Cafu, to lead a series of charity football training clinics for youth athletes from Brazil in Munich, providing a rare opportunity for the young footballers to learn directly from their football idols. Following the training, former England international and popular broadcaster, Micah Richards also joined for an exclusive 5v5 match with the up-and-coming players, with the legends using OPPO's AI-powered technology to capture picture-perfect moments from the pitch. On the day of the final, OPPO also brought together Kaká, UEFA Champions League legend Esteban Matías Cambiasso Deleau, and Chinese youth women footballers for a game of the ancient Chinese football-like sport, Cuju, connecting diverse football cultures past and present while showcasing football's unifying power. Through this extensive program of activities around the competition, OPPO is creating a global platform that connects fans and players around the world through the common language of football. By helping to promote football, improve players' technical skills, and provide inspiration from football heroes, these programs create valuable opportunities for youth development, elevating both the game and football culture globally. Kaká, Micah Richards and Cafu coached and played a friendly 5v5 game with young players from Brazil To view an enhanced version of this graphic, please visit: Empowering the Next Generation of Footballers Worldwide Through Community Programs Alongside its activations at this year's final, OPPO has been implementing a range of diverse sports development and talent cultivation programs worldwide throughout the season in its third year as the Official Smartphone Product Partner of the UEFA Champions League. In Brazil, OPPO has launched a comprehensive sports initiative across four communities in São Paulo to support youth football development. The program includes renovating local football pitches, donating sports equipment and supplies, providing professional training sessions, and facilitating pathways for young players to enter professional clubs. In Egypt, OPPO teamed up with The Maker Football School for The Maker OPPO Dream League--a nationwide youth football tournament aimed at discovering and developing Egypt's top young football talent. In addition to hosting the competitive tournament, OPPO has provided comprehensive coaching and world-class player development programs to help aspiring young footballers turn their dreams into reality. In Mexico, OPPO also announced a strategic partnership with UNESCO, the municipal institutes of Sports of Puebla and Chihuahua to empower aspiring young football players across the country. Through the collaboration, OPPO will provide essential training equipment and cutting-edge technology to nurture the next generation of football talent and inspire professional football aspirations among local youth. OPPO is partnering with UNESCO, the municipal institutes of Sports of Puebla and Chihuahua to support aspiring young football players in the country. To view an enhanced version of this graphic, please visit: Since beginning its partnership with the UEFA Champions League, OPPO has continued to empower football fans worldwide, with its advanced technologies and products making it easy than ever for fans to capture, share, and relive the game's most thrilling moments. Inside the stadium, OPPO's cutting-edge devices enable fans to preserve iconic match highlights and amplify their passion for football. Beyond the stadium, OPPO is also collaborating with global communities to provide development platforms, resources, and technologies that drive the sustainable growth of football. Moving forward, OPPO remains committed to connecting football fans worldwide through technology and unlocking the sport's untapped potential while empowering more football players and fans to "Make Your Moment". Hashtag: #OPPO #MakeYourMoment #OPPOxUCL25 The issuer is solely responsible for the content of this announcement. Media Contact:press@ To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Two players futures remain unclear but they won't play again for Manchester City
Two players futures remain unclear but they won't play again for Manchester City

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time24 minutes ago

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Two players futures remain unclear but they won't play again for Manchester City

This summer will see a host of players likely depart Manchester City. Kevin De Bruyne is one of those, and there will be others who leave the club. Two players who spent all of, and half of the 24/25 season out on loan were Kalvin Phillips and Kyle Walker. Phillips spent last season out on loan at Ipswich Town. Kyle Walker joined AC Milan in January after having a disappointing start to the 24/25 campaign. Both players are due to return to Manchester City after their respective loan spells. But what is clear is that neither player has a future at City. Kyle Walker and Kalvin Phillips will return to Manchester City but will be moved on this summer. Jack Gaughan has reported for the Daily Mail that Kalvin Phillips has undergone surgery on an Achilles injury following the 24/25 season. Due to the surgery he had, the England international will miss the majority of the pre season ahead of the 25/26 season. As per Jack Gaughan's report, Kalvin Phillips will use Manchester City's facilities to complete his rehabilitation while he searches for a new club. Advertisement Fabrizio Romano has reported that Kyle Walker is set to return to Manchester City after his loan spell at AC Milan. Furthermore, Romano reports that AC Milan will not make Walker's move to the San Siro permanent. The right-back will now return to Manchester City. But Walker will not be included in Manchester City's squad for FIFA Club World Cup and will leave the club once again this summer. Kyle Walker will return to Manchester City but not for long. Walker and Phillips will leave City this summer but who they'll play isn't immediately clear. As Jack Gaughan and Fabrizio Romano's reports indicate, there is no chance that Kyle Walker and Kalvin Phillips will be a part of Manchester City's squad for next season. Both players are surplus to requirements at the Etihad. In a summer where question marks surround the futures of a host of Manchester City players, the future is clear for Phillips and Walker. They won't be at Manchester City bext season. The bigger question appears to be where each player will play their football next season. For now, that answer isn't obvious, but it should reveal itself as the summer transfer window unfolds. It is unfortunate for Kalvin Phillips that he is now recovering from surgery. The hope is that once his rehabilitation is complete he can find a club for next season. In the case of Kyle Walker he sits in a similar boat to that of Phillips. But given Walker's pedigree and experience he should find himself a new club at some point this summer. But what is clear is that neither player will feature again for Manchester City.

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