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  • Pak hockey teams given clearance to participate in multi-nation events in India; visa process underway

    Pak hockey teams given clearance to participate in multi-nation events in India; visa process underway

    NEW DELHI: The Pakistan Hockey teams for the forthcoming Asia Cup tournament in Bihar’s Rajgir and FIH men’s Junior World Cup later in Tamil Nadu’s Madurai are going to be allowed to participate, sources in the government confirmed, while stating that any attempt to block participation would lead to contravention of the Olympic Charter.

    The sources said that the clearance for allowing the Pakistani teams to come to India was given by the Ministry of External Affairs (MEA) and Ministry of Home Affairs (MHA) and the visa process for the players has been initiated.

    A high-level source in the government said, the decision has been communicated to the host federation – Hockey India (HI) and in turn it has informed the same to its counterpart in Pakistan.

    “The decision was part of the Government of India’s (GoI) efforts to keep politics and sports separate, while following the statutes of the Olympic Charter, which calls for inclusion and harmony among the participating nations despite their political difference,” said a source.

    Experts say that had India blocked the Pakistan teams’ participation for the two hockey events, the Indian Olympic Association (IOA) would have faced sanction from the International Olympic Committee (IOC).

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  • Ericsson Enterprise Wireless launches new Solutions Partner Program – Ericsson

    1. Ericsson Enterprise Wireless launches new Solutions Partner Program  Ericsson
    2. Rebranded Cradlepoint to Nix Tiers in Partner Program  Channel Futures
    3. Ericsson Enterprise Wireless launches new Solutions Partner Programme  pcr-online.biz
    4. Summer revamp for Ericsson enterprise wireless partner program  SDxCentral

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  • Manga doomsday prediction spooks tourists to Japan – World

    Manga doomsday prediction spooks tourists to Japan – World

    Viral rumours of impending disaster stemming from a comic book prediction have taken the sheen off Japan’s tourism boom, with some airlines cancelling flights from Hong Kong where passenger numbers have plunged.

    Japan has seen record numbers of visitors this year, with April setting an all-time monthly high of 3.9 million travellers.

    That dipped in May, however, with arrivals from Hong Kong — the superstitious Chinese-controlled city where the rumours have circulated widely — down 11 per cent year-on-year, according to the latest data.

    Steve Huen of Hong Kong-based travel agency EGL Tours blamed a flurry of social media predictions tied to a manga that depicts a dream of a massive earthquake and tsunami hitting Japan and neighbouring countries in July 2025.

    “The rumours have had a significant impact,” said Huen, adding that his firm had seen its Japan-related business halve. Discounts and the introduction of earthquake insurance had “prevented Japan-bound travel from dropping to zero,” he added.

    Branden Choi, a 28-year-old Hong Kong resident, said he was a frequent traveller to Japan but was hesitant to visit the country during July and August due to the manga prediction.

    “If possible, I might delay my trip and go after September”, he said.

    Ryo Tatsuki, the artist behind the manga titled The Future I Saw, first published in 1999 and then re-released in 2021, has tried to dampen the speculation, saying in a statement issued by her publisher that she was “not a prophet”.

    The first edition of the manga warned of a major natural disaster in March 2011. That was the month and year when a massive earthquake, tsunami and nuclear disaster struck Japan’s northeastern coast, killing thousands.

    Some have interpreted the latest edition as predicting a catastrophic event specifically on July 5, 2025, although Tatsuki has denied this.

    Situated within the Pacific Ocean’s ‘Ring of Fire’, Japan is one of the most earthquake-prone countries in the world. In recent days, there have been more than 900 earthquakes, most of them small tremors, on islands off the southern tip of Kyushu.

    But Robert Geller, a professor at the University of Tokyo who has studied seismology since 1971, said even scientifically-based earthquake prediction was “impossible”.

    “None of the predictions I’ve experienced in my scientific career have come close at all,” he said.

    Nevertheless, low-cost carrier Greater Bay Airlines became the latest Hong Kong airline on Wednesday to cancel flights to Japan due to low demand, saying it would indefinitely suspend its service to Tokushima in western Japan from September.

    Serena Peng, 30, a visitor to Tokyo from Seattle, had initially tried to talk her husband out of visiting Japan after seeing the social media speculation.

    “I’m not super worried right now, but I was before,” she said, speaking outside Tokyo’s bustling Senso-ji temple.

    5.5-magnitude quake hits Japan island

    Meanwhile, an earthquake with a preliminary magnitude of 5.5 hit a remote island in southwestern Japan today, the Japan Meteorological Agency said.

    The earthquake’s epicentre was off the coast of the Tokara island chain in Kagoshima prefecture, nearly 1,200 kilometres from Tokyo, the agency said, adding that a tsunami warning had not been issued.

    The quake hit at a depth of 20km, giving it a seismic intensity of ‘6 lower’ on Japan’s 1-7 scale on Akuseki Island, the agency said. Akuseki has a population of 89. The intensity is classified as a level that makes it “difficult to remain standing”, according to the agency.

    More than 1,000 tremors with a seismic intensity of 1 or above on the Japanese scale have been detected around the island chain between June 21 and July 3, the agency said.

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  • A Handbook to Evaluating Global AI Investments

    A Handbook to Evaluating Global AI Investments

    Artificial intelligence has emerged as one of the most powerful and pervasive investment themes of the modern era. But investing in AI isn’t as simple as chasing the latest breakthrough or jumping into a hyped fund. Successful thematic investing requires thoughtful evaluation—of the theme itself, the investment vehicle, and the fund’s execution strategy.

    To help financial advisors better assess which funds are the best fit for clients, our 2025 Investing in Artificial Intelligence Funds report shares a practical framework for evaluation—breaking down the investment into three key components.

    1. Evaluating the Theme

    The first step in assessing a thematic fund is evaluating whether the underlying theme is well-defined, investable, and durable.

    Clarity and Investability

    AI is clearly investable, with most funds in this space concentrating on large-cap, highly liquid companies. Our holdings frequency analysis shows a strong consensus on core holdings across AI and big data funds. This is important, as it indicates that investors generally agree on what constitutes AI exposure—typically including chip manufacturers and software firms.

    Performance and Responsiveness

    The Morningstar Global Artificial Intelligence + Big Data Consensus Index—a proxy for the theme—has behaved in line with expectations. It surged after the launch of ChatGPT 3.5 in late 2022 and responded to geopolitical shocks like US export restrictions on AI chips in early 2025. These reactions confirm that the theme reflects real and distinct risk/return drivers.

    Durability and Growth Potential

    AI has been an investable theme via funds since at least 2015, making it one of the more mature technology narratives. Its use cases—ranging from customer service automation to drug discovery—are expanding rapidly. But the theme isn’t without obstacles.

    Inhibitors to Growth

    Two major headwinds could slow AI’s momentum:

    • Energy Consumption: The computing demands of AI are enormous and growing, straining existing power infrastructure and raising sustainability concerns.
    • Regulation: Geopolitical tensions and regulatory actions—such as export restrictions on chips or emerging AI usage laws—could limit global scalability and increase compliance costs.

    2. Assessing the Investment Vehicle

    Once the theme is validated, the next step is selecting the right vehicle. While buying individual stocks can offer precision, thematic funds offer important benefits.

    Why Choose a Fund?

    • Stock-specific risk diversification: They reduce stock-specific risk. For instance, Tesla’s TSLA decline in early 2025 due to Elon Musk’s political activity highlights the downside of concentrated bets.
    • Exposure to the value chain: Funds can target high-potential segments within the theme, from AI infrastructure to applications.
    • Winner-take-all dynamics: In technology themes driven by scale—such as AI and big data—we often see winner-take-all outcomes. By investing in a basket of thematic stocks, investors can ensure exposure to any potential “shooting stars.”

    Portfolio Impacts

    Two major US funds focused on the AI and big data theme illustrate the diversity in approaches.

    Global X Artificial Intelligence & Technology ETF AIQ

    This is the oldest and largest US-domiciled AI ETF, following a rules-based index. It allocates across software (for example, natural language processing, AI-as-a-service) and hardware (for example, chips, quantum computing).

    • Selection: Uses a proprietary scoring system to assess thematic relevance.
    • Weighting: Applies caps (3% maximum per stock) to avoid overconcentration.
    • Stability: Rebalances annually, favoring structured implementation over rapid responsiveness.
    • Limitations: The indexed approach means the strategy is slow to incorporate changes in the market, important IPOs, and so on. Despite being indexed, the selection methodology is not fully transparent, and fees are higher than many more vanilla indexed ETFs.

    Roundhill Generative AI & Technology ETF CHAT

    This newer, actively managed fund targets companies focused on generative AI.

    • Focus: High conviction, fewer holdings (often less than 40), and concentrated sector exposure.
    • Flexibility: Can quickly pivot to new opportunities—like its early investment in CoreWeave, a cloud infrastructure firm that went public in 2025. However, poor timing decisions on investments such as SoundhoundAI SOUN and SenseTime Group have weighed heavily on returns, highlighting how flexibility can work against the fund, too.
    • Challenges: Higher portfolio turnover, greater reliance on manager skill, and higher monitoring demands for investors.
    • Differentiation: Excludes well-known names like Tesla and Netflix NFLX because of limited generative AI exposure, and maintains a 25% allocation to the Magnificent Seven (compared with 20% in Global X).

    Source: Morningstar Direct. Data as of May 31, 2025. * Morningstar Quantitative Rating.

    Each fund has its own strengths. Global X offers broader, more stable exposure, while Roundhill aims for a higher conviction full active strategy—which places a higher emphasis on manager skill and therefore warrants even more rigorous due diligence before investing.

    3. Implementing Thematic Funds Wisely

    Even a well-designed fund can disappoint if misused. Proper implementation is critical.

    Portfolio Fit

    AI and big data funds are typically highly volatile and sit in the high-growth quadrant of the Morningstar Style Box. They’re best deployed as tactical or satellite allocations—not as core holdings.

    • Overlap Risks: Many AI funds have exposure to the Magnificent Seven, already widely held in most portfolios. This concentration risk should be monitored.
    • Growth Bias: AI funds often exhibit high beta, amplifying broader market swings.

    Timing and Behavior

    Investors frequently mistime thematic entries, buying during hype and selling during drawdowns. Given their volatility, AI funds are best approached with a long-term, buy-and-hold mindset.

    Valuation Awareness

    Chasing themes without regard for valuation can lead to underperformance. Using price/fair value metrics may help pick entry points that will give longer-term investors the best chance of success. For instance, investors who bought into AI funds in September 2022—when valuations were lowest—benefited from the subsequent ChatGPT-fueled rally. However, valuation alone isn’t a silver bullet, as sentiment and narrative often drive short-term flows.

    Line graph comparing AI and Big Data theme price/fair value from 2019 to 2025.
    Source: Morningstar Direct. Data as of May 31, 2025.

    Identify the Right AI Funds for Clients

    A winning thematic investment entails selecting the right investment, exposed to the right theme, and deploying it sensibly. By knowing how to efficiently assess US AI funds and beyond, financial advisors can find investment opportunities and deliver value to clients.

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  • Tiffany Theatre School in Clacton to shut down over funding issue

    Tiffany Theatre School in Clacton to shut down over funding issue

    Students at a performing arts school were preparing their final act after being told it would be shutting down after 25 years.

    Tiffany Theatre School in Clacton-on-Sea, Essex, was forced into closure after bosses could not secure the funding it needed.

    The school’s three-year higher education course was oversubscribed for September, but its 15 students have since been told the curtains were closing on Friday.

    “People are suddenly now having to grieve friendships because they’re going to have to find other places to train,” said principal Phil Gostelow.

    The school’s future was thrown into uncertainty after the government said it would no longer finance its students’ loans.

    Staff and families rallied to raise £30,000 in four weeks to keep the doors open, but Mr Gostelow said the “amazing” effort was in vain as £200,000 was needed.

    “It’s not a big enough figure for us to responsibly open and give any form of security to our students,” he added.

    “We were left with no option other than to draw a line under it and close the college, which is heartbreaking for all concerned.”

    Past students have gone on to perform in London’s West End, choreograph for pop star Kylie Minogue, as well as featuring in films, TV and music videos.

    The school was meant to be welcoming a full intake of 20 new students in September.

    However, they would not be able to pay for their education without student finance.

    The sudden closure would follow two final performances at the Lakeside Theatre in Colchester on Friday.

    “These were meant to be the end of year shows, our graduating cohort’s farewell,” Mr Gostelow said.

    “Now it’s turned into the last thing we’ll ever produce as a college.

    “We’re trying to keep our brains on making the best show we can, but there’s a big cloud hanging over everything.”

    He stressed to families it would be a goodbye “not with mourning, but with pride”.

    The Department for Education has been approached for comment.

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  • China's industry ministry is set to tackle price war in solar sector – Reuters

    1. China’s industry ministry is set to tackle price war in solar sector  Reuters
    2. Cloudy with a chance of bankruptcy: US tariffs hurt China’s solar firms  South China Morning Post
    3. CLSA View on Solar Industry Intact; XINYI SOLAR, GCL TECH Key Beneficiaries  AASTOCKS.com
    4. China Vows to Increase Oversight of Wayward Solar Sector  Bloomberg.com
    5. China’s industry ministry vows to curb solar price dumping  Investing.com India

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  • Diageo completes sale of shareholding in Guinness Ghana Breweries plc to Castel Group

    Diageo completes sale of shareholding in Guinness Ghana Breweries plc to Castel Group

    Today, Diageo announces the completion of the sale of its 80.4% shareholding in Guinness Ghana Breweries plc to Castel Group. The sale was initially announced on 28th January 2025.

    Diageo has retained ownership of the Guinness brand and other Diageo brands currently produced by Guinness Ghana. Those brands will continue to be brewed, produced and distributed by Guinness Ghana under the terms of new long-term licence and royalty agreements. Guinness Ghana will also continue to distribute Diageo’s international premium spirits brands in Ghana.

    – ENDS –

    For further information, please contact:

    Investor relations:
    Sonya Ghobrial
    Andrew Ryan

     
    +44 (0) 7392 784 784
    +44 (0) 7803 854 842
    [email protected]

    Media relations:
    Clare Cavana
    Isabel Batchelor

     
    +44 (0) 7751 742 072
    +44 (0) 7731 988 857
    [email protected]

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  • Argentina v England: George Ford to win 100th cap

    Argentina v England: George Ford to win 100th cap

    “It is not something you think about at the start of your career,” Ford told BBC Sport of his milestone.

    “You dream of playing for England, and when you get to do it once it is an unbelievably special moment – to achieve that was the proudest memory of my career.

    “Then I suppose you get your head down to work as hard as you can and improve so you might gather a few caps together – that is all I have tried to do really, take each year and campaign as it comes, try to improve, develop and do the right thing for the team.

    “I have the opportunity to hit quite a big milestone and it is something I will be very proud of.”

    Scrum-half Ben Youngs, who retired from international rugby at the end of the 2023 Rugby World Cup, won 127 caps for his country, the most of any man.

    Dan Cole, Jason Leonard, Owen Farrell, Courtney Lawes, Danny Care and co-captain George have also passed the 100-Test mark for England.

    Sarah Hunter retired in March 2023 having won 141 caps for England’s women’s team.

    “George has been a standout player for over a decade,” said head coach Steve Borthwick.

    “Reaching 100 caps is a remarkable achievement, and it speaks volumes about both the professional and the person he is.

    “Everyone in the squad is incredibly proud to share this moment with him.”

    Borthwick has said that Argentina will be favourites across the two-Test series after the Pumas’ victory over the British and Irish Lions in Dublin last month continued their fine run of form.

    Argentina are ranked fifth in the world, one place above England.

    The second meeting between the two teams takes place in San Juan on 12 July.

    England: Steward; Roebuck, Slade, S Atkinson, Muir; Ford, Spencer; Baxter, George, Heyes, Ewels, Coles, B Curry, Underhill, Willis.

    Replacements: Dan, Rodd, Opoku-Fordjour, Cunningham-South, Pepper, Dombrandt, Van Poortvliet, Murley

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  • All eyes on Silverstone for another title twist?

    All eyes on Silverstone for another title twist?

    We are rattling through the European rounds, and we head to Silverstone for Round 7 of the 2025 campaign and another stern test for the teams and drivers.

    With the prospect of changeable weather and the circuit layout promoting great wheel-to-wheel racing, this weekend’s action is sure to be spectacular.

    Here are the main areas you’ll want to keep an eye on.

    BRITISH SUMMER

    After weeks of sunshine, the standard Silverstone affair is back on the menu, with a chance of rain on both Saturday and Sunday.

    It could make for a lively Sprint and Feature Race, though it will have some time measuring up to the unpredictability of last season, when Arvid Lindblad managed the conditions best to become the first driver to win both races on an F3 weekend.

    With the weather radars indicating the threat of rain throughout both days, drivers and teams will need to be at their sharpest to manage conditions as best they can.

    We saw in 2024 just how important it was to be on the right tyre at the right time, and the judgement call to come into the pits and make a pitstop is always a tough one to weigh up.

    Get it right though, and a difficult weekend could just turn into a memorable day out in Northamptonshire. Get it wrong, and it’ll be a tough debrief.

    READ MORE: Hitech TGR confirms Nikita Johnson at Silverstone round

    PUSHING TO THE TRACK LIMITS

    The super-fast layout of the Silverstone circuit encourages drivers to push to the maximum in order to extract the best laptime possible, but the white line could make or break a driver’s weekend.

    Specifically, Copse and Stowe are both some of the most spectacular corners on the circuit, and reward those getting right up to the edge of the track to carry the speed through both corners. But go just over the track limits and that laptime is gone.

    It could be a very interesting Qualifying session if drivers can’t get a provisional time on the board or lose an earlier effort to a track limits deletion. The pressure will only ramp up from there, and ending up outside the top 12 will leave an uphill struggle for the remainder of the weekend.

    Keep an eye on these two corners in particular, as they are the most likely areas a driver will fall foul of those limits.

    LOCAL KNOWLEDGE

    Three drivers on the 2025 grid call Silverstone their home event, with Callum Voisin, Roman Bilinski and James Hedley preparing for a raucous welcome from the British fans.

    All three have raced here before, though each of them will be seeking out a first victory on home soil after taking to the podium previously.

    Their experience around the British circuit could pay dividends with the limited track time in Practice ahead of the grid-setting Qualifying session.

    With a packed out attendance expected across the weekend, and with the home crowd huge fans of racing no matter what championship, all three can expect plenty of support across the entire event.

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  • Olympic Day 2025 unites millions in global celebration of sport and community

    Olympic Day 2025 unites millions in global celebration of sport and community

    In India, the Abhinav Bindra Foundation hosted a variety of sports and movement activities for young people to participate in on Olympic Day – including skipping, football, cricket, volleyball and kho-kho – together with Olympic-themed arts and crafts. The activity is part of the Olympic Values Education Programme (OVEP), implemented in collaboration with the IOC and the governments of Odisha, Assam and Chandigarh, and has already engaged 10 million schoolchildren

    The Reliance Foundation marked Olympic Day 2025 with a vibrant celebration featuring 1,450 school children and a line-up of Olympians and national champions at the Reliance Foundation School in Navi Mumbai. Olympic archers Atanu Das and Deepika Kumari, alongside athletic stars Ancy Sojan, Tejas Shirse and Sakshi Chavan, inspired young students to embrace sports and embody the core Olympic values of excellence, respect and friendship.

    In China, table tennis player Sun Yingsha, swimmer Pan Zhanle and shooter Sheng Lihao championed Olympic Day 2025 through a series of videos, calling on the public to take on the “Let’s Move +1” challenge – a fun and accessible way to get people moving and ignite passion for physical activity in daily life. More than 13,000 people have participated in the “Let’s Move +1” themed Olympic Mini Program on WeChat, through which they could compete with friends, complete daily challenges, and practise sport together. Worldwide Olympic Partner Allianz held a mini marathon at the company’s Hangzhou headquarters, including online fitness challenges and AI-powered engagement initiatives; whilst Mengniu promoted mass sports, and released an Olympic themed short film, encouraging people to move and “give everyone the strength to power on”.

    Over 350,000 people have already participated in Worldwide Olympic Partner Samsung’s “Let’s Move?” challenge to walk 260,000 steps between 23 June and 21 July. The IOC marked the day in the Olympic Capital, including the traditional Olympic Day run – a 5km public event around Olympic House in Lausanne.

    The theme of this year’s Olympic Day, “Let’s Move?”, shone a light on the benefits of playing sport and working out together, celebrating the motivation, community and joy that movement with others brings. As part of this, everyone was encouraged to invite a “+1” to walk, run, dance, skip and move with them. People were invited to ask a friend to join their team or workout, and could use specially created “Let’s Move?” digital tools. More than 35,000 posts have been shared on social media in relation to Olympic Day.

    “Let’s Move” launched in 2023 in collaboration with the World Health Organization (WHO), following its research that alarming numbers of people across the world are not meeting the minimum activity level required for optimal health: one in three adults and 81 per cent of young people (WHO, 2024). Rallying the power and inspiration of the Olympic Movement to highlight this worrying trend, while aiming to encourage and create opportunities for everyone to move more, “Let’s Move” is part of the Olympic Movement’s mission to make the world a better place through sport and will continue beyond Olympic Day, with the ambition, and the support of the Olympic Movement, to keep inspiring and enabling people to move and enjoy physical activity through resources, activations and content.

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