Abu Dhabi's G42 Opens Europe Hub in Sign of Growing AI Ambition
Abu Dhabi's main artificial intelligence company, G42, is launching a European unit as part of the emirate's broader push into the continent, where the government has pledged billions of dollars in investment.
G42 Europe & UK will focus on deploying AI solutions for the private sector and partnering with governments and industry to help build critical infrastructure, according to a statement.
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Yahoo
16 minutes ago
- Yahoo
Caravan park homeowners warn of seller's remorse
When the Reverend Vic Ready bought his first static caravan he was looking for a holiday home on the Norfolk coast that his whole family could enjoy. But Mr Ready, of Sheringham, Norfolk, said his experience of caravan ownership soured as a result of what he claimed was an "unregulated" industry that has left many people "suffering". The caravan park involved rejected any "allegation of wrongdoing" and said it had had a "proud record of extremely satisfied customers". Mr Ready is one of hundreds of caravan owners who have contacted the BBC in the wake of its investigation into the holiday park industry. Mr Ready bought his first caravan in 2013 at Beeston Regis Holiday Park for £26,000 before trading it in, and paying an extra £25,000, for a "nicer caravan in a better position" seven years later. Mr Ready said he then saw his original caravan on sale for £29,000 - a figure that surprised him. Three years later, faced with what he claims were ever-rising ground rents of up to £6,000 per year, the family decided to sell up. He said he was initially offered £8,250 by the park for his caravan. A week later the park agreed to up its offer to £15,000, a sum Mr Ready accepted. But a couple of days later, Mr Ready said he was sent an advert showing the caravan listed for sale by the park at £47,950. "Until you eventually want to sell and leave the site, you don't appreciate how much it's going to cost you and how much you've actually lost," Mr Ready said. "This is a corrupt, unregulated business and it needs to stop," he said. "So many people are suffering." A spokesperson for Beeston Regis Holiday Park said Mr Ready had been a "valued customer" and claimed he was "happy with the deal" when he sold up. The company said the caravan - a Pemberton Abingdon model - eventually sold for £35,000, which included a new 10-year site licence. "Our business, like any other, is subject to constant cost increases, and our pitch fees have to rise to cover these costs," the spokesperson said, adding it strove to "minimise" such rises. "In all businesses which rely on buying and selling, there has to be a profit margin, and – when we buy a caravan, we have to estimate the likely selling price and commit to a purchase price ahead of that," the company said. It added Mr Ready had acquired his second caravan £8,000 below the asking price and said despite having "no obligation to buy the caravan from him" it had done so in "good faith" and had offered "than double the book value". Meet-and-greet users tell of car damage and mystery miles 'My partner can't cope with child abusers on his prison wing' 'Car cloning made me dread the morning post' In 2021, Ipswich-based Paul Burke bought a caravan at the Suffolk Sands site in Felixstowe for £75,000. The caravan was his wife's "happy place", Mr Burke said. But when site fees reached about £7,000 a year, the couple decided to sell up. At first, he tried to sell privately and spoke to an estate agent. "He told me he'd been in the business for 20 years," Mr Burke said. "In that time he'd not sold a single caravan." "Part of the process is the purchasers need to be interviewed by the caravan park," said Mr Burke. "During that process they are persuaded to buy an alternative caravan directly from the park, probably with incentives such as a free year's site fees, or a better location or a slight upgrade." Mr Burke said he felt he had no choice but to sell the caravan directly back to the park for £25,000. "That is a lot of depreciation in three years," he said. "There is pretty much zero protection. This really does need some industry-wide protection." Park Holidays, which owns Suffolk Sands, said it provided buyers with a licence agreement intended to help people make "informed purchasing" decisions. It said the £75,000 purchase price included two years of pitch fees and said those fees were reviewed yearly and "broadly" mirrored the consumer price index. The company said owners can sell privately as long as the prospective buyer passed its "vetting" procedures. It also said while it would seek to "assist" private sales, the park could offer "buying incentives such as favourable finance and free pitch fees" which private sellers could not. A government spokesperson said it was "aware of the difficulties some holiday home owners have experienced and we have strengthened consumer law". Caravan owners felt 'bullied' by holiday parks 'Ripped off' caravan owners start compensation bid Error in retrieving data Sign in to access your portfolio Error in retrieving data
Yahoo
22 minutes ago
- Yahoo
5 top FTSE 100 stocks offering plenty of global growth for an ISA
The FTSE 100 is made up of the largest companies listed in London. But this doesn't mean that most stocks are UK-focused, far from it. In fact, it's quite straightforward to build a Stocks and Shares ISA portfolio of FTSE 100 shares that offer truly global exposure. Here are five that would certainly do the job. Let's start with the largest stock by market cap in the Footsie today: AstraZeneca (LSE: AZN). This healthcare giant has truly global operations, spanning the areas of oncology, respiratory and immunology, rare diseases, and more. This year, the firm is expected to rake in $57.5bn in revenue, with a net profit of about $14bn. And it generates this from nearly everywhere, including China and Japan. Region % of total revenue (2024) US 40% Europe 16% China 12% UK 9% Japan 6% Rest of world 17% As we can see, investors in AstraZeneca are getting diversified exposure to the whole of the developed world. The reason the US is such a sizeable part is because it has the largest healthcare system of them all. The stock has fallen 17.5% since the end of August, putting it on a forward price-to-earnings (P/E) ratio of 15.5. For a profitable firm of this calibre, which also offers a 2.3% dividend yield, I think that's very attractive. Turning to another FTSE 100 giant now, we have HSBC (LSE: HSBA). The bank is increasingly focused on Asia these days, as that's where most of the world's growth is expected to come from in future. Indeed, according to the Asian Development Bank, Asia's middle class is set to swell to roughly 3bn people by 2050. With HSBC increasingly focused on wealth management in the region, the long-term growth story looks very promising. This year, the bank is expected to earn around $23bn on revenue of almost $67bn. The stock is offering an attractive 5.8% dividend yield. The third stock is Airtel Africa. As the name implies, the firm's operations extend across Africa. Specifically, Airtel is a provider of telecommunications and mobile money services to 166m people in 14 countries in sub-Saharan Africa. The share price has been on a tear, surging 55% this year alone. However, it still looks decent value to me, trading at 12.5 times next year's forecast earnings. There's also a well-supported 2.8% dividend yield. Finally, for even more global portfolio exposure, investors could consider Coca Cola HBC and Coca-Cola Europacific Partners. These are both bottling partners for the US beverage giant, selling brands like Coca-Cola, Fanta, Sprite, and Monster. The former's markets include Western Europe and the Asia-Pacific region, including Australia, New Zealand, and the Philippines. The other's portfolio is more weighted toward emerging and developing markets, including Poland, Romania, Nigeria, and Egypt. Naturally, none of these five stocks are totally risk-free. The Coca-Cola bottlers could suffer during a severe global economic downturn, as this would put pressure on consumer spending. Meanwhile, HSBC and AstraZeneca may fall foul of regulatory changes in China, especially if trade tensions with the US worsen at some point. Finally, most of Airtel Africa's revenue is collected in local African currencies, but it's reported in US dollars, exposing the company to currency risk. Nevertheless, adding these stocks to an ISA would make it truly global, with vast exposure to Europe, America, Africa, and Asia. The post 5 top FTSE 100 stocks offering plenty of global growth for an ISA appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool HSBC Holdings is an advertising partner of Motley Fool Money. Ben McPoland has positions in AstraZeneca Plc, Coca-Cola Hbc Ag, and HSBC Holdings. The Motley Fool UK has recommended Airtel Africa Plc, AstraZeneca Plc, and HSBC Holdings. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025 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
Associated Press
23 minutes ago
- Associated Press
Stay in Your Lane Debuts Industry-First AI-Verified Dating App for Safer, Authentic Connections
Stay in Your Lane launches a free dating app featuring AI verification, live video chat, profile videos, and real-time authenticity checks for safe connections. United States, June 14, 2025 -- Revolutionizing Dating Apps with Advanced Safety Protocols Michael Kelly, Owner of Stay in Your Lane, proudly announces the launch of a premium dating app designed to prioritize safety, privacy, and authenticity. Leveraging advanced AI, live video features, and user-centric functionality, the app addresses key flaws in traditional dating platforms, offering users a secure and genuine online dating experience. Online dating has grown in popularity but continues to be undermined by fake profiles, catfishing, and privacy concerns. Stay in Your Lane offers a groundbreaking solution by placing user safety and authenticity at the heart of its platform. The app's AI-driven facial recognition system verifies every user to ensure profiles are genuine and match the individual behind them. This eliminates fake accounts and promotes accountability. To further enhance the experience, Stay in Your Lane integrates a live video chat feature, allowing users to connect face-to-face before meeting in person. This added layer of security ensures members can confidently interact, knowing they're speaking to the actual person behind the profile. Michael Kelly, Owner of Stay in Your Lane, emphasized the app's transformative vision: 'Our product is the authenticity of our members. We've reimagined the online dating experience to make it safer, more secure, and truly authentic. This app addresses the problems users face while promoting meaningful connections.' Enhancing User Experience with Innovative Features Stay in Your Lane combines advanced safety measures with unique tools to create an unparalleled online dating experience. Michael Kelly shared the app's approach to building a trustworthy community: 'We ask our members to be patient as we grow our membership. After all, it's free to use while we focus on delivering a platform that prioritizes authenticity and safety.' Addressing Gaps in Current Platforms Stay in Your Lane takes a proactive stance in solving problems overlooked by traditional dating platforms. Its free access model—complete with messaging and video chat—lowers barriers to entry while reinforcing trust through mandatory verification and real-time connections. The app monetizes premium services such as boosts and super likes to enhance visibility and engagement, ensuring the platform remains accessible while supporting continued growth. These combined measures establish Stay in Your Lane as a leader in the next generation of online dating. A Community Focused on Authentic Relationships Stay in Your Lane fosters a space where users can prioritize genuine, meaningful relationships. By ensuring profiles are authentic and interactions are secure, the app empowers members to build connections without distractions or concerns about safety. Michael Kelly explained the platform's mission: 'We've created Stay in Your Lane to stand apart from the crowd. This isn't just another dating app—it's a solution to the safety and authenticity issues that have frustrated users for years.' The Future of Online Dating Starts Here Stay in Your Lane is available for download now, offering a premium experience for those seeking secure and authentic connections. The app's free features, combined with optional premium services, ensure accessibility while fostering a growing community of verified members. To learn more or join the community, visit About Stay in Your Lane Stay in Your Lane is a premium dating app founded by Michael Kelly, focused on creating a safer, more authentic online dating environment. With advanced AI verification, live video chat, privacy-first features, and real-time authenticity protocols, the app addresses key challenges in online dating while fostering genuine connections. Media Contact Michael Kelly Owner, Stay in Your Lane Contact Info: Name: Michael Kelly Email: Send Email Organization: Stay in Your Lane Website: Release ID: 89162305 In case of encountering any inaccuracies, problems, or queries arising from the content shared in this press release that necessitate action, or if you require assistance with a press release takedown, we urge you to notify us at [email protected] (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). Our responsive team will be readily available to promptly address your concerns within 8 hours, resolving any identified issues diligently or guiding you through the necessary steps for removal. The provision of accurate and dependable information is our primary focus.
