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Silicon Valley’s Next IPO Billionaires Are Coming. Nonprofits Are Ready for Them
Nonprofits worldwide are gearing up for what could become the largest wave of philanthropy in decades, as expected initial public offerings by AI giants OpenAI and Anthropic are set to make hundreds of employees extremely wealthy. Many of these workers are influenced by “effective altruism”, a philosophy that favours giving significant sums away quickly, and…
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How Jacinta Allan can walk away with a $200,000 annual taxpayer-funded pension when she leaves politics
Jacinta Allan has stepped down as Victorian Labor leader and premier after losing caucus support, with Ben Carroll elected to replace her ahead of November’s state election. The article says her long parliamentary service means she could receive a taxpayer-funded pension of about $200,000 a year if she leaves politics, highlighting the continuing cost of…
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Andy Burnham insists ‘the plan is working’ on stopping small boats – despite nearly 900 migrants arriving via the Channel in his first week as PM
Greater Manchester Mayor Andy Burnham, in his first week as Prime Minister, defended his government’s approach to tackling Channel crossings, saying “the plan is working” even as nearly 900 migrants arrived by small boat during that period. The comments highlight the political pressure facing the new administration to demonstrate control over irregular migration, an issue…
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7-OH Users Are Stockpiling and Doing Reddit Detoxes to Prep for Ban
The US Drug Enforcement Administration is preparing to temporarily classify 7-hydroxymitragynine (7-OH), a potent compound derived from kratom, as a Schedule I controlled substance from 5 August at the earliest, placing it alongside heroin. The move has alarmed regular users, some of whom rely on the unregulated substance to manage chronic pain, and reports suggest…
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AI sell-off intensifies as investors ditch chip stocks
A sell-off in AI-related shares deepened on Tuesday, pushing South Korea’s stock market to its lowest level in three months, as investors grew increasingly anxious about heavy borrowing by AI firms to fund datacentre expansion. Chipmakers Samsung Electronics and SK Hynix each fell by more than 10%, dragging down the Kospi index, in a move…
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How the World Cup Boosted Canal+ Results
Canal+ Group’s first-half 2026 results were significantly boosted by its recent $2 billion acquisition of Africa’s MultiChoice Group, with the FIFA World Cup helping drive strong subscriber growth at the pay-TV giant’s South African operations. CEO Maxime Saada said the increased scale from the deal was already delivering expected benefits, with the company having achieved…
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Capcom Q1 results show record sales for major franchises
Capcom’s Q1 2026 financial report has confirmed a strong quarter for the publisher, with healthy sales for two newly released titles alongside record lifetime totals for its flagship franchises. Pragmata, launched in April, has sold over 2.5 million copies, a performance Capcom attributes to “robust promotional activities”, while Resident Evil Requiem, out since February, has…
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Security firm linked to ICE crackdown in US reports UK revenue slump after asylum centre contract ends
MTC UK, the company that ran security at the Manston asylum processing centre in Kent, has reported a slump in revenue after that Home Office contract ended in September 2025, tipping it into a £1.6m loss. The firm is linked to the broader immigration detention industry through its US parent, which operates facilities used by…
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America’s No. 1 state is crowned again — find out who’s on top and where your state ranks this year
Utah has been named the No. 1 state in the United States for the fourth year running, according to U.S. News & World Report’s 2026 Best States rankings. The annual list assesses states across a range of measures, including economy, education, healthcare, infrastructure and quality of life, and is closely watched as a benchmark of…