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Small business owners often make the fatal mistake of neglecting their network security. They may not believe themselves to be a viable target, they may have budget concerns, or they may simply not know that security is such a high priority.

In any case, what are the most accessible strategies for improving network security in a small business?

Address Your Network Architecture

First and perhaps most importantly, you need to address your network architecture. The architecture of your network needs to be designed and implemented in a way that prioritizes security. There are many strategies and acquisitions that can help you in this pursuit.

For example, you can focus on segmenting your network, bringing it down into more isolated segments so the entire network isn’t broadly vulnerable. Segmenting your network also allows you to apply different security settings to each individual network, allowing you to use your resources wildly and guard against the most relevant threats.

You can also implement firewalls and network access controls (NACs), as well as other devices and mechanisms that can help you improve network security. Firewalls allow you to not only monitor, but also control network traffic, so you can filter out potentially malicious users, bots, and other threats. These are highly customizable, so you can adjust them to suit your business needs. Network access controls function similarly, verifying devices and users before authorizing network access, thereby ensuring that only approved traffic can access your network.

Use Network Monitoring Software

Network monitoring software is an absolute must if you want to keep your network secure. Network monitoring software allows you to continuously monitor your network, keeping watch for any unusual or suspicious activity, so you can act on it immediately if necessary.

Good network monitoring software makes it easy for security professionals to keep a high-level view of the entire network, often visualizing patterns so they become more intuitive. You can also set up automatic alerts, so you’re notified whenever there’s something to potentially take action on.

Stay Up to Date

If you want your network to remain secure, you need to keep it up to date. That means practicing routine maintenance, replacing devices and components when necessary, and installing the latest software and patches whenever you get the opportunity. Businesses suffer from security breaches simply because they haven’t addressed a critical vulnerability. Because this is incredibly simple, cheap, and quick to do, there’s no reason to make your business vulnerable in this way.

Use Strong Passwords

Good passwords can make your life as a security manager much easier. Every user on your network should be practicing solid password habits, practically guaranteeing that no user on your network will be compromised by nefarious users.

Unfortunately, this is easier said than done. Good password habits are easy to teach and remember, but it’s hard to make sure they’re consistently implemented by all members of your team. Strong passwords have many characters, a mix of characters, and no identifiable patterns. Your team members should also be using different passwords for each application. You can enforce some of these things, such as by requiring that your users choose passwords of sufficient length and complexity, but it’s much harder to force employees to use different passwords for each application – and there’s no guarantee your employees won’t fall for phishing scams.

Control User Access

It’s also a good idea to control user access. Put simply, if a user doesn’t absolutely need access to a given system, they shouldn’t have it. This reduces your potential exposure and makes it so that if any user in your network is compromised, the impact should be minimal.

Back Up Everything (All the Time)

Back up all your data and systems on a constant, revolving basis. This isn’t necessarily going to make your network safer or more secure, but it will give you a reliable restoration point if your business does come under threat. The more consistently and fully you back up your information, the more powerful this safeguard will be.

Train and Educate Your Employees

Make sure you train and educate your employees about the importance of network security, as well as some of the most common threats your business might face. Individual employees may not have much power to protect your business from DDoS attacks, but educating them about phishing scams and other social engineering threats could help them prevail in the face of one.

Pursue Ongoing Learning and Development

This is only the beginning of your journey to improved network security. Once you master the fundamentals, it’s important to commit to a path of ongoing learning and development. There are always new fundamentals to learn about, there are always new strategies to employ, and there’s always room to make your organization and its network a little bit safer.

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How to Improve Network Security in a Small Business

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Eyal Avramovich has built a dynamic career merging invention, technology, and entrepreneurship. With a background in electronics engineering, Avramovich began his journey by developing patented consumer products such as the world’s thinnest scales, a robotic massage device featured on QVC, and ultra-thin portable chargers.

Eyal Avramovich pioneered innovative projects which include SkyForce, a renewable energy solution addressing sustainability in mining, and Leia Gabriel, a luxury electric vehicle aimed at urban mobility innovation.

In 2017, Eyal Avramovich shifted his focus to cryptocurrency and blockchain, founding MineBest, a leading global mining company providing hosting services for Bitcoin and Altcoins. He also co-created Bitcoin Vault (BTCV), a cryptocurrency offering enhanced security with reversible transactions, and Electric Cash (ELCASH), optimized for fast, cost-effective payments.

How do you stay inspired and motivated during challenging times?

Focusing on long-term goals and maintaining a positive mindset is crucial. It’s about keeping an eye on the bigger picture and understanding that challenges are part of the journey towards achieving something meaningful.

What’s one trend that really excites you?

The integration of AI into everyday business processes is incredibly exciting. It opens up new opportunities and efficiencies within various industries, fundamentally transforming how businesses operate and interact with their customers.

What are some of the biggest challenges facing your business today?

Managing global operations and ensuring smooth communication across different regions are significant challenges. The nature of global business means constantly adapting to diverse markets and regulatory environments, which requires meticulous coordination and strategic planning.

Where do you think your industry/profession will be in 5 or 10 years?

I anticipate increased automation, sustainability, and global cryptocurrency adoption. As technology continues to advance, industries will need to adapt and embrace these changes to remain competitive and relevant.

What advice would you give to someone seeking a career in your industry?

Stay curious, build a network, and develop both technical and soft skills. The industry is dynamic and rapidly evolving, so a willingness to learn and adapt is essential. Networking is also crucial for gaining insights and opportunities.

If you were to start again, what would you do differently?

Not much, as I’m content with how things have played out. Each step in my career, with its successes and challenges, has contributed to where I am today.

Why is your city a great place to live and work?

Dubai offers diverse talent, professional growth, and modern amenities. It is an international hub that attracts talent from around the world, providing a vibrant and dynamic environment for business and innovation.

Continuing the Conversation with Avramovich on Expertise, Achievements, and Future Vision

What single project or task would you consider your most significant career accomplishment?

This is challenging to pinpoint, as each project I’ve undertaken has brought unique challenges and learning experiences. However, co-creating Bitcoin Vault, which introduced the concept of reversible transactions in cryptocurrency, stands out. It was a significant leap in enhancing security for crypto users, addressing a critical area overlooked by the industry.

What advice would you give to aspiring entrepreneurs in the technology and cryptocurrency sectors?

First and foremost, stay informed. The tech and crypto industries are fast-paced and ever-evolving, making it vital to remain abreast of trends and innovations. Building a robust network can also open doors to collaborations and opportunities. Additionally, resilience and adaptability are crucial. Challenges are inevitable, but the ability to pivot and learn from failures will greatly influence your success.

What do you foresee as the next big innovation in blockchain or cryptocurrency?

The next significant innovation will likely center around interoperability and integration. Enhancing the connectivity between different blockchain networks can unlock unprecedented efficiency and utility, facilitating wider adoption. Moreover, sustainability innovations within blockchain technology will play a pivotal role as the world increasingly focuses on reducing energy consumption and environmental impact. This is part of what Skyforce is providing solutions for.

How do you envision the future of renewable energy solutions in the context of cryptocurrency mining?

Renewable energy will become integral to the mining process. The environmental concerns surrounding cryptocurrency mining are well-documented, and the industry’s future depends on addressing these issues. Initiatives like SkyForce, which focuses on renewable energy solutions, will increasingly define the sustainability agenda in crypto mining. This shift is not only essential for environmental reasons but also for achieving cost efficiency as energy prices fluctuate globally.

Please share a quote that you have found particularly meaningful or inspiring.

“Success is not final, failure is not fatal: It is the courage to continue that counts.” – Winston Churchill. This quote resonates deeply with me and encapsulates the mindset needed in entrepreneurship and life. It’s about perseverance and the understanding that every step, whether forward or backward, is part of a larger journey.

What role does innovation play in your business strategy, and how do you foster it within your teams?

Innovation is the cornerstone of our business strategy. In fields like technology and cryptocurrency, staying ahead of the curve is crucial. We cultivate an environment that encourages creativity and experimentation, empowering teams to explore new ideas without the fear of failure. This approach not only drives innovation but also fosters a culture of continuous learning and improvement.

Looking back, are there any pivotal moments in your career that significantly influenced your path?

Certainly, shifting my focus to cryptocurrency and blockchain in 2017 was a pivotal moment. It opened up a new realm of possibilities and challenges, allowing me to apply my engineering background in novel ways. This decision laid the foundation for establishing MineBest and subsequently developing cryptocurrencies like Bitcoin Vault and Electric Cash.

The journey of Eyal Avramovich highlights the power of innovation and persistence in technology and cryptocurrency. His career, marked by groundbreaking achievements and forward-thinking leadership, offers valuable lessons for those aspiring to excel in these dynamic fields.

Through his work with MineBest, Bitcoin Vault, Electric Cash, and renewable energy initiatives, Avramovich continues to push boundaries, setting an example for future generations of tech innovators and disruptors to follow.

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Eyal Avramovich – Entrepreneur and Investor Pioneering the Latest Advancements in Blockchain Technology

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Give yourself a break: You deserve it

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If you’re hurtling like a juggernaut towards year end with a demanding ‘To Do’ list flashing before your eyes as soon as your head hits the pillow, you are not alone.

2024 has been a year of upheaval, with the UK and US elections, a new UK government, and the Autumn Budget, all fuelling uncertainty. Add to that the whirlwind of client lunches, festive drinks, networking events, meetings, deadlines, planning sessions, and the annual rush of gift buying, school nativities, and hosting duties, and suddenly, the “most wonderful time of the year” might not feel so wonderful.

With all these demands, it might be a challenge to switch off over the festive season, but, as a leader, you owe it to yourself, your team, and your family to do just that.

Beware the monkeys

Unlike certain animals, we can’t go into full hibernation mode at this time of year, but we can still go that little bit easier on ourselves. By allowing some time to stop, rest and reflect on where we’re at and where we want to be, we can emerge stronger, with a fresh perspective and renewed vigour.

In a poll carried out by Mental Health UK, 77% of people felt their mental health worsened at Christmas. It’s not surprising when you consider the enormous pressure to tie up all those frustrating loose ends at work, on top of whatever is going on at home.

And while it may be tempting to rid ourselves of that annoying ‘monkey on our shoulder’ by delegating a task or problem onto others, it’s probably a better idea to consider whether these ‘monkeys’ are genuinely urgent. If not, write it down and deal with it in the new year. Don’t let the monkey put you off your Christmas dinner!

The right to switch off

With 57% of UK employees said to work either ‘sometimes’ or ‘often’ while on annual leave, leaders must also advocate for the whole team to actively step away from emails and disconnect from work as much as possible while on holiday.

That means you too!

Such is the pressure to be ‘always on’ and the increasingly blurred lines between home and work due to remote and hybrid working, the Labour government is set to introduce measures around the ’Right to Switch Off’ in the next phase of their ‘Make Work Pay Plan’.

Get ahead of those changes and start implementing your own guidance around the proposed policy now. And try to practice what you preach. Will it be easy? Probably not, but whether it’s locking your phone away completely or limiting yourself to certain check-in times, resisting the urge to be constantly ‘on’ will gradually get easier and make a genuine difference to your work/life balance.

All is calm, all is bright

Mental Health UK’s “Burnout Report 2024” found that one in five UK workers took time off due to stress. In addition, independent research from Breathe reveals that only 35% use their full annual leave, yet 58% would take up to five extra unpaid days if offered. A gap that highlights a serious disconnect between what employees need and what they feel is acceptable.

But here’s the twist – giving employees the freedom to take time off when they need it can work wonders. Studies show that using annual leave can boost productivity by up to 40%, reduce fatigue and irritability, and cut sick leave by 28%.

Employers must therefore foster a culture where taking time off is not only encouraged but is genuinely guilt-free. Remember that not everyone celebrates the festive season, so offering flexibility in holiday scheduling can be another plus point for your team.

By leading by example, employers can cultivate a healthier, more productive workplace, laying the foundation for long-term success. So, take that break and enjoy some well-deserved, guilt-free time off!

Give thanks…to yourself too!

Let’s not forget that this season is, primarily, a time for celebration. Recognise those wins, irrespective of challenges, and give yourself a pat on the back!

And it’s not just about work. Personal achievements and objectives count too. Aiming for that illusive balance is critical to our wellbeing and something most of us need to improve on. Whether it’s pottery or skydiving, perhaps 2025 is the year to finally take up that new hobby?

In summary

Embrace the reality that not everything will be perfectly sown up by the end of the year, and that’s totally fine!

Focus on what truly matters and let the rest take a back seat. Encourage your team to do the same and lighten the collective load. This approach will leave everyone feeling brighter and you’ll return in the new year healthier, happier, and more energised.

This season, set the example and remind your team how important it is to take time for themselves. Above all, give yourself permission to rest, celebrate what’s been achieved, and aim for a better work/life balance in the year ahead.

You deserve it!

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Give yourself a break: You deserve it

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Is it legal to gamble in the United Kingdom

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Wondering if it is legal to gamble in the UK without breaking any laws? This article explains all key age restrictions, legislation, and regulations.

Learn which forms of online casino betting are legal, how to follow UK gambling laws, and what government measures ensure your safety. Read on and make informed decisions — stay on the right side of the law.

Overview of Gambling in the UK

Gambling in the UK remains a major industry, with a wide range of legal forms. Licensed operators offer online casino games, like Sweet Bonanza demo by Pragmatic Play, sports betting options, and various other activities. Strict laws help ensure fairness, safety, and compliance. The UK government imposes regulations to prevent illegal activities, guard against underage play, and promote responsible gaming. Gambling laws require players to meet the minimum age threshold. This age is typically 18 years or older for betting, casino entries, and most gaming forms. Anyone under the required age cannot legally participate. The aim: a regulated environment that protects players, encourages responsible behavior, and reduces illegal behavior.

Types of Gambling

The UK’s gambling scene covers many forms, each subject to laws that ensure they remain legal. These laws forbid illegal operations and enforce age checks. Players must understand which forms of betting and casino action stand above board.

Online Gambling

Online activities make up a large part of UK gambling. UK gambling laws allow legal online casino platforms, including online betting sites, to operate if they hold a proper license. This online environment offers slots, poker, and virtual casino games. Operators must meet age verification rules, ensuring no person under 18 enters. The government updates legislation to prevent illegal sites from serving UK players.

Sports Betting

Sports betting is legal and popular. UK laws make it simple for players aged 18 or older to place bets at licensed bookmakers. Illegal betting operations face strict penalties. Age checks help ensure only adults wager on sports. Legal online betting sites follow these laws to remain compliant.

Casino Games

Casino gaming remains a cornerstone of UK gambling. Legal casino premises and online casino platforms offer a range of games, including slots, roulette, and blackjack. Age restrictions ensure no underage person gains entry. The government enforces legislation and laws to maintain transparency. Illegal casino sites risk heavy fines, and legal operators must follow strict regulations.

Lotteries

Lotteries in Britain operate under specific laws. Players aged 16 or older can legally purchase lottery tickets. This age limit will rise to 18 for many products as legislation evolves. Illegal lottery sales remain rare due to strict government oversight. Online lottery platforms run under license, ensuring all players follow the law.

Bingo

Bingo halls and online bingo sites form a stable part of UK gambling. Legal bingo operations require licenses. Age restrictions apply, and any illegal bingo operation faces penalties. The government ensures that bingo venues follow gambling laws to maintain a fair, legal environment.

Poker

Poker, whether live or online, is legal if operated by licensed casino or online operators. Age checks prevent anyone under 18 from playing. Illegal poker rooms that bypass the law face closure. Legitimate operators follow strict laws, ensuring the game remains fair and transparent.

Regulations and Licensing

Gambling laws and regulations ensure fairness and safety. They prevent illegal operations and ensure all operators meet legal requirements. Government authorities oversee this process, granting licenses to those who follow the law. Licensing proves that casino, betting, and online platforms meet age checks, fairness standards, and player protection measures.

UK Gambling License: Laws and Regulations

The UK Gambling Commission enforces regulations to keep the industry legal and fair. Operators must hold a valid license. Without it, their operations are illegal. The Commission ensures that age verification tools, responsible gambling rules, and other regulations are upheld. These laws protect players and maintain public trust.

Types of Licenses

Different types of licenses help control which operators can legally offer betting, casino games, and other forms of gambling. Obtaining a license ensures they follow UK gambling laws and adhere to strict legislation.

Operating Licenses

Operating licenses apply to companies running casino games, online betting, and other forms. These licenses show that the operator follows UK laws, takes age checks seriously, and avoids illegal practices.

Personal Licenses

Personal licenses apply to individuals managing or operating gambling services. They ensure personal accountability for following the law. A person with a personal license must comply with age verification and avoid illegal conduct.

Premises Licenses

Premises licenses apply to physical casino, bingo, or betting locations. Age restrictions, security, and compliance with government laws all matter. Without a premises license, the venue is operating illegally.

Anti-money Laundering Regulations

To prevent illegal financial activities, operators must follow strict regulations. They must monitor player accounts, confirm age, and report suspicious activity. These laws reduce crime and ensure a legal, transparent environment.

Recent Changes in Gambling Laws

The UK updates its laws and legislation to address new concerns. These changes keep gambling safe, fair, and legal. Illegal practices face tighter penalties, and age controls improve.

Maximum Stake Limits

New laws may impose maximum stake limits to curb problem gambling. This reduces the risk of illegal operators exploiting players. Legal casino and betting sites must follow these limits.

Player Protection Measures

Gambling legislation often adds new safeguards. Age checks, advertising restrictions, and deposit limits help. Legal online casino sites must comply. Illegal operators face severe consequences.

New Powers for Gambling Commission

The Commission gains more authority through updated laws. They can revoke licenses, impose fines, and prevent illegal activities. This ensures that legal operators uphold standards and that age rules are respected.

Responsible Gambling Practices

Responsible gambling practices form the backbone of a legal, safe environment. The government and operators promote these measures. Age checks, deposit limits, and helplines ensure players gamble responsibly. Illegal sites ignore such rules, putting players at risk.

Support for Gambling Addiction

Support lines, counseling, and charities help players in need. This is required by law for legal operators. Illegal operations rarely offer help. The UK ensures treatment options remain available.

Self-Exclusion and Blocking Software

Tools like self-exclusion schemes and blocking software help players control their behavior. Legal online casino and betting sites must offer these. Such measures guard players of all ages, preventing illegal activities and promoting safety.

Safety and Security in Online Gambling

Legal online gambling operators use encryption and secure payment methods. They comply with age checks to stop underage play. Illegal sites lack these protections. UK gambling law ensures that all who meet the required age can enjoy safe, legal gaming environments.

FAQs about Gambling in the UK

Short answers to common questions help clarify key points. The UK’s approach to age checks, laws, and licensing ensures a safe, legal setting. Illegal operations offer no such guarantees.

Is online gambling legal in the UK?

Yes. Online gambling is legal if the operator holds a proper license. They must follow age checks, adhere to uk gambling laws, and comply with government legislation. Illegal online sites face penalties.

How to choose a safe online gambling site?

Select licensed operators that comply with laws. Confirm their age verification tools and ensure they follow government regulations. Avoid illegal platforms that lack transparency.

What are the new gambling laws in 2024?

Recent legislation includes stricter age verification, tougher rules on illegal sites, and enhanced powers for regulators. The government fine-tunes laws to keep the industry safe, legal, and fair.

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Is it legal to gamble in the United Kingdom

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A pioneering London-based electric taxi firm has secured a £1.6 million asset refinance deal, strengthening its position in the capital’s rapidly evolving green transport sector and setting the stage for major growth.

Sherbet Electric Taxi Company, which has fully decarbonised its fleet of London black cabs, will use the funding to pursue strategic mergers and acquisitions, boosting its fleet and overall market presence.

The asset finance facility, delivered by Reward Funding and brokered by Ethos Asset Finance, will help Sherbet maximise the commercial potential of its new flagship headquarters in Camden. Beyond serving as a business nerve centre, the site will feature a 24/7 café and community hub launching in January. Designed to support licensed taxi drivers and offer a welcoming space for vulnerable individuals or those needing a safe haven, this initiative underlines the company’s commitment to social as well as environmental responsibility.

Asher Moses, founder and owner of Sherbet, has spent more than two decades innovating within the iconic London taxi trade—introducing credit and debit card payments in the early 1990s and championing taxi advertising. Now, his focus is firmly on sustainable mobility: Sherbet has replaced 250 diesel vehicles with an all-electric fleet, aligning its ambitions with Transport for London’s vision to eliminate emissions and improve the city’s air quality.

“Corporate demand for greener transport solutions is surging, and as we invest further in our fleet and infrastructure, we knew we needed a flexible finance solution,” Moses said. “Reward’s support allows us to seize the current market opportunity, expand swiftly, and stay true to our values. With the asset refinance deal secured, we’re looking to treble in size through carefully considered mergers and acquisitions, all while championing a more sustainable future for London transport.”

For Reward Funding, the deal exemplifies how innovative finance options can unlock growth for businesses with strong social and environmental agendas. Robert Still, managing director of Reward Asset Finance, noted: “We are proud to support Sherbet’s vision, not only as a lender but as an advocate for cleaner, greener mobility. By utilising the equity in their assets, we’ve enabled Sherbet to scale more rapidly than would be possible with conventional bank lending.”

With fresh capital in hand and a clear strategy for scaling up sustainably, Sherbet Electric Taxi Company’s success story looks set to continue, setting a benchmark for how traditional services can adapt to a zero-emission future.

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London’s leading electric taxi firm secures £1.6m asset refinance to drive ambitious expansion

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A leading Welsh start-up accelerator programme has honoured six entrepreneurs for their breakthrough innovations, marking the end of an intensive 12-week initiative designed to supercharge business ideas into market-ready ventures.

The Business Wales Start-Up Accelerator Programme, funded by the Welsh Government, assembled 21 aspiring entrepreneurs, equipping them with expert mentorship, hands-on support, and unparalleled networking opportunities. After three months of rigorous development, the top participants were recognised for their achievements across six award categories:

Sales Accelerator Award: Trystan Lloyd, LYFT Club
LYFT Club bridges the gap between health and fitness practitioners and new clients through its storytelling-led marketing platform. This model enhances customer trust and simplifies the search for reputable wellness services.

Proposition Flex Award: Paul Tomotas, AVA Steel Ltd
AVA Steel Ltd converts steel industry waste into sustainable raw materials, such as iron briquettes and zinc concentrates. Its innovative methods address environmental challenges while offering cost-effective, green steel production solutions.

Accelerator Champion Award: Andrea Jones, VisVira Ltd
VisVira Ltd streamlines business productivity with autonomous AI agents that handle repetitive tasks. By easing the operational load, companies can devote more resources to expansion, innovation, and strategic initiatives.

Fastest Sales Award: Dan Newman, BALDILOCKS
BALDILOCKS helps those experiencing hair loss regain confidence through curated well-being experiences. Supported by customers shopping in the “Baldiverse,” the venture fosters a community-centric approach to self-esteem and resilience.

Most Collaborative Participant Award: Osian Evans, GoIawn
GoIawn’s platform, Antur Amser, promotes Welsh-language literacy through immersive, story-driven educational technology. This platform enables schools to deliver interactive learning experiences that engage students with their language and culture.

Accelerator Award: Gareth Thomas, Solitaire
Solitaire.io is an indie gaming platform combining solitaire gameplay with collectible playing cards, forging a loyal user base and leveraging crowdfunding to fuel its expansion. This fusion of traditional gaming and branding innovation has quickly captured players’ imaginations.

Richard Morris, Programme Director for the Business Wales Accelerated Growth Programme, praised the cohort: “We are immensely proud of this year’s participants. Their creativity, perseverance, and entrepreneurial drive have been extraordinary. These awards celebrate their journey and highlight the transformative potential they hold for their industries.”

Andrea Jones, Accelerator Champion Award winner, emphasised the programme’s impact: “The Start-Up Accelerator Programme took my idea from concept to full market readiness. VisVira’s AI agent assistants and ‘AI employees’ are now poised to enter a rapidly evolving landscape with confidence and clarity.”

With the programme wrapped up and the awards distributed, these entrepreneurs stand primed to invigorate Wales’s business landscape. Their growth and future success are set to reinforce the region’s reputation as a vibrant, forward-looking hub for innovation and enterprise.

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Welsh start-up accelerator announces award-winning entrepreneurs ready to reshape their sectors

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TikTok has made a final appeal to the US supreme court in a last-ditch effort to prevent the enforcement of a new American law that could force the platform’s Chinese parent company, ByteDance, to sell the popular video app or face a nationwide ban.

ByteDance and TikTok filed an emergency injunction request to the justices on Monday, seeking to delay a divestment order due to take effect on 19 January. Without this relief, the companies warn that they will be forced to shut down TikTok’s US operations, depriving roughly 170 million American users of access to the platform.

The contested law, passed by Congress in April, aims to address what US officials call a national security threat posed by TikTok’s Chinese ownership. Authorities claim the company’s vast trove of American user data, including location details and private messages, and the platform’s capacity to influence what content viewers see, could be exploited by foreign adversaries. The law compels ByteDance to divest TikTok by the deadline or face severe operational restrictions.

TikTok and ByteDance dismiss these security concerns, arguing that no imminent threat exists and that Americans should have the freedom to continue using the app with “eyes wide open” to any risks. They contend that the law violates the US constitution’s First Amendment, as it restricts free speech by targeting one specific platform. A lower court in Washington DC rejected these arguments earlier this month, prompting the appeal to the supreme court.

The companies warn that even a temporary shutdown would be devastating, causing the platform to lose around one-third of its US user base. They argue that a sudden closure would severely undermine TikTok’s appeal to advertisers, content creators, and employees.

Notably, president-elect Donald Trump, who once tried to ban TikTok during his first term in 2020, has reversed his stance and pledged to preserve the platform since winning the recent election. He takes office on 20 January—just one day after the ban is slated to take effect—potentially opening the door to a change in policy or new negotiations.

The Mooted ban arrives amid broader US-China trade tensions. In their filing, TikTok and ByteDance caution that, should the US government prevail, it could pave the way for future crackdowns on other foreign-owned apps. A similar attempt by Trump in 2020 to ban Tencent’s WeChat was blocked by American courts.

In addition to TikTok’s request, a group of US users also filed their own emergency plea with the supreme court, highlighting the app’s role as a key speech platform and calling for the highest level of legal scrutiny on any measure that restricts access.

Michael Hughes, a TikTok spokesperson, said that the first amendment “demands rigorous scrutiny” in this case and that a hasty ban would deal a severe blow to Americans’ freedom of expression.

The US Department of Justice maintains that the law protects national security and ultimately defends free speech by safeguarding personal data from foreign infiltration. The White House has yet to comment on the supreme court filing.

TikTok and ByteDance have requested a supreme court decision by 6 January to allow time, if necessary, to orchestrate a complex US shutdown and coordinate with service providers. The outcome now rests with the justices as the clock ticks down towards the January deadline.

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TikTok appeals to US Supreme Court in last-ditch attempt to halt forced sell-off or ban

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Guy Hands’ property company Annington has agreed to sell a portfolio of 36,347 military homes to the Ministry of Defence (MoD) for almost £6bn, concluding a protracted dispute between the billionaire investor and the UK government.

The deal sees Annington, which was acquired by Hands’ private equity group Terra Firma in 2012, hand back its 999-year lease on the so-called Married Quarters Estate in exchange for £5.99bn. The amount is nearly double the £3.2bn Terra Firma paid for Annington, but less than the £8bn valuation placed on the homes last year.

The sale brings an end to ongoing court proceedings and legal wrangles sparked by government plans to use property legislation to reclaim the homes and reduce costs. Annington had sought relief in both the High Court and the European Court of Human Rights over concerns about financial losses linked to the reforms.

Originally sold by the Conservative government in 1996 when Michael Portillo was defence secretary, Annington’s acquisition of 57,400 MoD homes for £1.7bn made the company one of the largest residential property owners in England and Wales. Under the terms of the original deal, the MoD continued to lease the properties at a discount, bearing full responsibility for upkeep and renovation.

Over time, Annington refurbished nearly 20,000 homes and returned most to the UK market, with the majority sold as affordable properties to first-time buyers. However, the government has long faced criticism over the arrangements, including significant annual rent bills and mounting maintenance concerns.

The MoD says that bringing the homes back under public ownership will save about £230m a year and enable it to address long-standing problems with substandard accommodation, highlighted in a recent Commons defence committee report. The document indicated that two-thirds of family homes, many of which fall under the Annington portfolio, required extensive refurbishment or rebuilding.

John Healey, the defence secretary, acknowledged that “there is still a lot of work to do to deliver the homes our military families deserve,” but hailed the purchase as “a decisive break” from past arrangements. Ian Rylatt, chief executive of Annington, said the sale marks a new chapter and allows the parties to move forward without further legal distractions.

As part of the agreement, the MoD will transfer 159 homes worth £55m to Annington within the next year. The £5.99bn purchase is set to complete on 9 January, with the proceeds earmarked to pay down Annington’s debt and partly distribute to shareholders, including UK pension and sovereign wealth funds. The firm, which retains a portfolio of 1,600 rental properties, plans to reinvest in the UK property market following the transaction.

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Guy Hands-linked property firm sells 36,000 military homes back to mod for £6bn

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Rachel Reeves could be forced into announcing emergency tax rises as early as this spring if the UK’s economic outlook continues to deteriorate, leading economists have warned.

The Chancellor’s recently introduced tax and spending rules, known as the “stability rule,” leave her little room to manoeuvre if public finances falter, potentially compelling her to raise taxes or cut spending by March.

Under the stability rule, Ms Reeves can only borrow to invest, rather than fund the day-to-day running of government. Any significant decline in growth and its resulting impact on revenues would therefore demand immediate corrective action to keep the books balanced. Ben Zaranko, an economist at the Institute for Fiscal Studies, said that should current projections of a small budget surplus flip into a deficit, the Chancellor may have to tighten the fiscal screws further at the spring statement.

The warning comes as new data suggest the UK economy is grinding to a halt. Businesses are shedding jobs at the fastest pace since the global financial crisis—excluding the pandemic—as confidence ebbs following the Chancellor’s record £40bn tax raid. S&P Global’s latest flash composite purchasing managers’ index edged down to 50.5 in December, barely above the critical 50-point mark that separates growth from contraction.

Chris Williamson, chief business economist at S&P Global Market Intelligence, described the economy as “stagnating” amid “downbeat rhetoric and policies” from the Labour government. He noted that a sharp pullback in hiring is partly the result of rising employer National Insurance contributions, which were announced in October’s budget. While private sector activity clings to positive territory, the deterioration in sentiment and increased job cuts herald a bleaker economic horizon in 2025.

Ms Reeves, who has already committed to not holding another full Budget before the spending review, has hinted that any emergency adjustments would lean towards spending measures, rather than fresh tax hikes. Nevertheless, Treasury sources have not ruled out tax rises, insisting the Chancellor “will plan for all scenarios” and that meeting fiscal targets is “non-negotiable.”

Observers point out that Ms Reeves’s buffer against budget fluctuations will not kick in until 2026. Until then, the stability rule requires her to ensure day-to-day expenditures are covered by current revenues, leaving her with limited flexibility if the UK’s already fragile economy worsens.

The Chancellor’s position is further complicated by rising inflationary pressures. Businesses surveyed by S&P Global reported passing higher costs, including those from rising National Insurance contributions, onto consumers through increased prices—a move that could curtail the Bank of England’s scope to cut interest rates and ease economic pressures. Analysts at Pantheon Macroeconomics warn that the Bank may need to maintain a tighter stance for longer, making the Chancellor’s balancing act even more challenging.

With economists at Capital Economics and the IFS expressing concern that the UK may already be flirting with recession—commonly defined as two consecutive quarters of negative growth—the spring statement is shaping up to be a critical juncture. Whether driven by unforeseen shocks or protracted stagnation, Ms Reeves may find herself forced to deliver another round of fiscal pain before the end of the financial year.

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Economists warn Chancellor may face emergency spring budget as recession risks loom

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The owners of tens of thousands of family-run businesses and farms have urged Chancellor Rachel Reeves to revisit the inheritance tax changes announced in her recent Budget, warning they could trigger forced sales, job losses, and a marked reduction in investment.

In an open letter sent over the weekend, Family Business UK—representing 32 trade associations and about 160,000 family enterprises—called on Reeves to consult more widely and consider the longer-term fallout of the new measures.

These changes, set to take effect from August 2026, tighten inheritance tax relief so that family businesses passing on more than £1 million of assets will face a 20 per cent levy. The Office for Budget Responsibility estimates this will raise £520 million by 2029-30. However, Family Business UK argues the measures could lead to a £1.25 billion net fiscal loss due to diminished activity and job cuts.

Neil Davy, the organisation’s chief executive, described the reforms as a “hammer blow” to enterprises that often form the backbone of local economies. “In many cases, heirs may have no option but to sell up rather than continue running the business,” he said. “This risks driving valuable British assets and family farms into the hands of overseas buyers who pay little to no tax here.”

The letter also noted that some family business owners have postponed investment and frozen recruitment, as staff grow anxious about future impacts on their livelihoods.

Family Business UK is calling on the Chancellor to initiate a formal consultation on the policy, seeking a constructive solution that preserves the long-term interests of these enterprises and the jobs and investment they support.

While Labour maintains it must restore public finances after inheriting a multibillion-pound funding gap from the previous government, the letter’s signatories insist that tax reforms should not come at the expense of Britain’s family-owned economy.

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Family-owned firms call on Chancellor to rethink inheritance tax overhaul

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