Billionaire Checkout CEO Shifts Residence From UK to Monaco

Guillaume Pousaz, the billionaire founder of online payments firm Checkout.com, has joined a surge in ultra-wealthy individuals shifting their residence away from the UK amid tax hikes on the nation's wealthy.
Pousaz, 43, now lists Monaco as his usual residence after previously relocating to the UK from the United Arab Emirates, according to UK registry filings released Tuesday. The Swiss native has a net worth of about $5.6 billion through his London-based technology company, according to the Bloomberg Billionaires Index.

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Associated Press

3 hours ago

• Associated Press

ZA Miner Launches Free Cloud Mining App Amid Rising Crypto Adoption in 2025

London, UK, June 21, 2025 (GLOBE NEWSWIRE) -- As global interest in cryptocurrencies continues to climb, ZA Miner has announced the official launch of its free cloud mining app, giving users the ability to earn crypto passively, without the cost or complexity of traditional mining setups. This marks a significant milestone in ZA Miner's mission to democratize crypto access worldwide. The new mobile application enables both beginner and experienced users to mine digital assets like Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) directly from the cloud. With no hardware needed and no upfront fees, users can start mining immediately after registering, and even receive a free $100 trial mining contract upon signup. A Seamless Gateway into Crypto Mining ZA Miner's app stands out for its simplicity. Once installed, users can choose from a range of mining plans based on their budget and desired contract length, with options starting as low as $100. Earnings are calculated and distributed daily in USDT, and the platform handles everything from GPU management to energy optimization. Key features include: Meeting the Demand for Accessible Crypto Tools The launch of the app comes at a time when crypto mining demand is surging, driven by rising token prices and growing public interest in passive income strategies. Yet, traditional mining still poses significant entry barriers for many, including high hardware costs, technical complexity, and environmental concerns. ZA Miner addresses all of these issues with a cloud-based infrastructure, backed by secure, globally distributed data centers powered in part by renewable energy. The app offers a secure and transparent mining experience, removing technical roadblocks for anyone looking to benefit from the crypto economy. Built for Global Accessibility With active users in over 180 countries, ZA Miner has steadily grown its reputation as a trusted cloud mining provider since its launch. The mobile app is available in multiple languages and supports users from both crypto-savvy and underserved markets. The company's referral system also allows users to boost their earnings by inviting friends, with commissions paid on multiple levels, enhancing user engagement and reach. How to Get Started About ZA Miner ZA Miner is a UK-based cloud mining provider offering simple, secure, and sustainable crypto mining solutions for individuals worldwide. With a focus on accessibility, clean energy, and automated passive income. Disclaimer: Name: ZA miner Email: [email protected] Job Title: Marketing manager

Miami Herald

3 hours ago

• Miami Herald

Kroger To Close 60 Stores Across US: What To Know

Kroger announced plans to close 60 of its supermarkets across the United States over the next 18 months, representing about 5 percent of the Cincinnati-based company's 1,239 Kroger-branded grocery stores across 16 states. The popular grocery retailer revealed the closure plans while reporting first-quarter earnings on Friday but has not specified which store locations will be affected or released a list of impacted stores. Newsweek reached out to Kroger on Saturday via email for comment. Companies close store locations for various reasons. While shifts in consumer shopping behavior and lower demand can cause stores to close, corporations often choose to shutter underperforming locations. Sales dropped slightly to $45.1 billion compared to $45.3 billion for the same period a year earlier according to Kroger earnings data. The move comes as grocery retailers nationwide face mounting pressures from changing consumer habits, inflation, and increased competition from discount chains and online retailers. More than 2,500 store closures are planned across the U.S. this year, according to The Mirror. Kroger expects the 60 store closures to provide a modest financial benefit to the company, according to a regulatory filing. In the first quarter, Kroger recognized an impairment charge of $100 million related to the planned closings. The company indicated that resulting savings will be reinvested into customer experience initiatives across remaining locations. The closures affect Kroger's extensive footprint spanning 16 states, though the company has remained tight-lipped about specific locations. The grocery retailer told CBS MoneyWatch that it will not be releasing a list of the affected stores. This lack of transparency has left employees and customers uncertain about which communities will lose their local Kroger. However, Kroger says it is committed to supporting displaced workers. All employees at affected stores will be offered roles at other Kroger store locations, though details about relocation assistance or wage protection remain unclear. The timing coincides with broader challenges facing traditional grocery retailers. Many chains are grappling with rising operational costs, changing shopping patterns accelerated by the pandemic, and fierce competition from warehouse clubs, dollar stores, and e-commerce platforms. Kroger company statement: "As a result of these store closures, Kroger expects a modest financial benefit. Kroger is committed to reinvesting these savings back into the customer experience, and as a result, this will not impact full-year guidance." Director of Media Relations/Corporate Communications Erin Rolfes told Newsweek in an email response: "In the first quarter, Kroger recognized an impairment charge of $100 million related to the planned closing of approximately 60 stores over the next 18 months." Alex Beene, a financial literacy instructor for the University of Tennessee at Martin, previously told Newsweek: "For some major retailers, 2025 is becoming a year of consolidation. Retail locations that have struggled in recent years to remain profitable due to rising costs and less demand are being shuttered, as companies focus their efforts on more successful stores. The hope is these closures will ultimately produce more fiscal and operational efficiency, but it will come at the cost of customers who favored these locations having fewer options." Michael Ryan, a finance expert and the founder of previously told Newsweek: "These aren't random casualties; they're strategic amputations of unprofitable limbs to save the corporate $15+ minimum wages to supply chain inflation, all crushing their razor-thin margins. Combine this with the march of e-commerce and changing consumer habits post-pandemic, physical retail becomes a luxury many companies can no longer afford." The 18-month closure timeline suggests Kroger will implement the plan gradually, though specific dates and locations remain undisclosed. Related Articles Kroger Responds After Georgia Juneteenth Cakes Go ViralKroger Food Recall Update: Full List of Products ImpactedWhy You're Not Feeling Trump's Egg Price PlungeRodney McMullen Resigns After Personal Conduct Probe, Kroger Shares Fall 2025 NEWSWEEK DIGITAL LLC.

Yahoo

4 hours ago

• Yahoo

UK to issue 10-year industrial strategy aimed at boosting growth

LONDON (Reuters) -Britain is poised to publish a 10-year, multibillion-pound industrial strategy next week aimed at backing priority sectors, creating jobs and driving long-term economic growth. Prime Minister Keir Starmer's government has been working on a blueprint for the next decade as part of its wider "Plan for Change", under which it seeks to overhaul the country's skills system, support innovation, and channel fresh investment into high-growth areas. Britain has so far pledged more than 1.5 billion pounds ($2 billion) to be delivered through a series of targeted government funds to support skills development, creative industries and sport. Announcing on Sunday 275 million pounds to support the training of thousands in roles such as engineering and defence roles, business minister Jonathan Reynolds said the strategy would be "powered by investing in British people." "It will help transform our skills system to end the overreliance on foreign labour, and ensure British workers can secure good, well-paid jobs in the industries of tomorrow." Alex Veitch, director of policy at the British Chambers of Commerce, welcomed Reynolds' pledge. "The extra cash investment for training in key sectors, such as defence and engineering, has the potential to be a real springboard for growth," Veitch said. The government has previously said it would radically change its approach to defence to address threats from Russia, nuclear risks and cyber-attacks. In February, Starmer pledged the largest sustained increase in British defence spending since the end of the Cold War, in response to U.S. President Donald Trump's insistence that Europe take more responsibility for its own security. OTHER PLEDGES The government has also pledged a 380 million-pound boost for creative industries from film to video games, and more than 900 million pounds to stage major sporting events and upgrade grassroots facilities. But business groups say high energy costs remain a serious threat to UK industry and have urged ministers to act. A June report from manufacturing association Make UK warned that without government intervention, Britain's energy-intensive sectors could face long-term decline. It called for measures such as network cost reform, targeted relief schemes and more predictable energy pricing. Finance minister Rachel Reeves acknowledged those pressures in her June 12 spending review, which set out departmental budgets and outlined more than 10 billion pounds of investment in green infrastructure and industrial decarbonisation. She said the government would support energy-efficiency upgrades and back the development of low-carbon technologies and confirmed the creation of a British Industrial Strategy Council to oversee the delivery of the government's growth plans. ($1 = 0.7435 pounds) 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