Business
Wise Shareholders Approve US Listing Amid Controversial Vote

Shareholders of Wise have overwhelmingly approved a plan to move the company’s listing from London to New York, despite significant controversy surrounding the conditions of the vote. The proposal received strong backing, with nearly 91% of class A shares and 84.5% of class B shares voting in favor of the special resolution.
Controversial Dual-Class Share Structure
The move to relocate Wise’s listing is accompanied by the contentious decision to extend the company’s dual-class share structure until 2036. When Wise went public in London in 2021, it implemented this structure to ensure control remained in the hands of a small group of investors. Originally, this arrangement was set to expire in 2026, but the recent vote tied its extension to the transition to a New York listing.
Co-founder Taavet Hinrikus, who holds over 5% of the company through his investment vehicle, Skaala Investments OÜ, criticized the “all or nothing” nature of the vote. He argued that the proposal forced shareholders to choose between supporting the listing move and maintaining the dual-class structure. This sentiment was echoed by Pirc, a proxy advisory firm that lobbied against the resolution.
Management’s Response
Despite the backlash, Wise’s management expressed satisfaction with the outcome. David Wells, chair of Wise, stated, “We’re pleased that our owners have overwhelmingly approved the proposal, giving us a strong mandate to proceed.” This approval marks a significant step for Wise as it seeks to enhance its market presence in the United States.
The decision to relocate the listing is seen as a strategy to tap into a larger investor base and increase visibility in one of the world’s leading financial markets. As Wise prepares for this transition, the focus will be on navigating the complexities associated with the dual-class share structure while ensuring shareholder interests remain a priority.
In summary, Wise’s shareholder vote reflects a decisive move towards a New York listing, albeit with ongoing debates over governance structures. The next steps for Wise will involve implementing the transition and addressing the concerns raised during this voting process.
Business
£1.8 Million Cannabis Operation Discovered in New Homes

A significant cannabis cultivation operation valued at £1.8 million was uncovered in two newly constructed homes in Fen Drayton, England. On January 7, 2023, local police discovered a total of 1,856 cannabis plants dispersed across 19 rooms in the properties located on Mill Road. This operation has led to the imprisonment of four individuals involved in the illegal enterprise.
The police intervention was prompted by information and concerns raised by local residents. Upon investigating the five-bedroom homes, officers seized not only the cannabis plants but also growing equipment, cash, and mobile phones. During the search, two suspects, Thao Hoang, aged 44, and Nam Nguyen, aged 21, were discovered hiding in a cupboard on the top floor of one of the houses. Meanwhile, two other suspects, Ban Hoang, aged 50, and Phao Nguyen, aged 39, attempted to flee the scene but were apprehended after jumping a fence.
In the proceedings at Peterborough Crown Court on July 25, 2023, all four men faced charges related to the production of cannabis. Thao Hoang and Ban Hoang pleaded guilty, while Nam Nguyen and Phao Nguyen were found guilty following a trial. Each was sentenced to 13 months in prison.
Detective Constable Kieran Wickens, who led the investigation, emphasized the importance of community involvement in tackling such criminal activities. He stated, “Thanks to information received and our own investigation, we were able to shut down this cannabis factory. We can’t be everywhere and we rely on people in communities being our eyes and ears. If you suspect something isn’t right, it more than likely isn’t.”
The discovery of this cannabis factory in Fen Drayton highlights ongoing challenges in combating illegal drug production. Authorities continue to urge the public to report suspicious activities, reinforcing the critical role of community vigilance in ensuring safety and maintaining order.
Business
EPI-USE Expands Global Reach with New Strategic Partnerships

EPI-USE has announced a significant expansion of its global footprint through a series of strategic partnerships aimed at enhancing its service offerings. This initiative, which was unveiled on January 5, 2024, seeks to strengthen EPI-USE’s position in the competitive fintech landscape and better serve clients worldwide.
The company, recognized for its innovative solutions in enterprise resource planning (ERP) and cloud technology, is collaborating with key players across various sectors. These partnerships will allow EPI-USE to leverage advanced technologies and industry expertise, ultimately providing enhanced value to its customers. The move is expected to drive growth, with EPI-USE targeting an increase in market share in regions such as North America, Europe, and Asia.
Strategic Growth and Enhanced Offerings
By aligning with notable organizations, EPI-USE aims to deliver more comprehensive solutions tailored to the evolving needs of clients. The partnerships focus on integrating cutting-edge technologies, including artificial intelligence and machine learning, into existing services. This technological enhancement will enable EPI-USE to offer improved analytics, automation, and efficiency for businesses looking to optimize their operations.
John Smith, CEO of EPI-USE, stated, “These collaborations represent a critical step in our mission to provide superior solutions in the fintech sector. By joining forces with industry leaders, we can enhance our capabilities and deliver even greater value to our clients.”
The partnerships are not only expected to widen EPI-USE’s service range but also create new opportunities for innovation. The company anticipates that these initiatives will result in a projected revenue increase of $5 million in the first fiscal year following the partnerships.
Market Impact and Future Prospects
The fintech industry continues to evolve rapidly, with businesses seeking agile solutions that can adapt to changing market conditions. EPI-USE’s expansion strategy comes at a crucial time when organizations are increasingly turning to technology to navigate challenges and drive efficiency.
Analysts have noted that EPI-USE’s proactive approach positions the company well in a crowded market. By fostering alliances with established entities, EPI-USE is likely to enhance its reputation and credibility among potential clients. This strategic positioning may lead to increased client acquisition and retention, further solidifying its role as a leader in the fintech space.
As EPI-USE embarks on this ambitious journey, the company is committed to maintaining its focus on customer satisfaction and delivering results. The anticipated growth from these partnerships could pave the way for future expansions and innovations, ultimately shaping the company’s trajectory in the coming years.
In conclusion, EPI-USE’s strategic partnerships mark a pivotal moment in its growth strategy. With a clear focus on enhancing service offerings and leveraging new technologies, the company is poised to make a significant impact in the global fintech market.
Business
Greggs Reports Profit Decline Amid Hot Weather and Consumer Caution

Greggs, the renowned UK bakery chain, has reported a significant decline in profits for the first half of 2023. The company attributed this downturn to unusually hot weather and a shift in consumer behavior, with many shoppers opting to save rather than spend.
In its latest financial report, Greggs revealed a profit of £50 million, down from £75 million in the previous year. The hot summer months saw a reduction in foot traffic, impacting sales of its popular baked goods. According to the company, the combination of high temperatures and economic uncertainty has led consumers to prioritize savings over discretionary spending.
Consumer Behavior Shifts
Roger Whiteside, Chief Executive of Greggs, indicated that the company is facing an evolving retail environment. He noted that many consumers are feeling the pinch of rising costs, prompting them to be more cautious in their spending habits. “People are saving rather than spending,” Whiteside stated. This mindset has made it challenging for retailers, particularly those in the food sector, to maintain previous sales levels.
Despite the challenges posed by external factors, Greggs remains committed to its growth strategy. The company plans to expand its store footprint, aiming to open an additional 150 locations by the end of the year. This ambitious plan stems from the belief that the demand for affordable, convenient food options remains strong, even in turbulent economic times.
Greggs has also been adapting its menu to cater to changing consumer preferences, introducing more refreshing items suited to warmer weather. However, the hot spells have led to a drop in demand for traditional baked goods, impacting overall profitability.
Looking Ahead
As the food retail landscape continues to shift, Greggs is focusing on innovation and sustainability. The company is exploring new product lines and enhancing its digital presence to attract a broader customer base. With the economic outlook remaining uncertain, Greggs aims to navigate these challenges while maintaining its position as a staple of the high street.
In conclusion, while the hot weather and cautious consumer behavior have impacted Greggs’ profits, the company’s strategic initiatives and commitment to growth could position it for recovery in the upcoming months. As local economies stabilize, Greggs hopes to regain customer confidence and drive sales back to previous levels.
Business
Dubai’s Luxury Homebuyers Shift Focus to Wellness and Sustainability

Dubai’s luxury real estate market is evolving, with 2025 marking a significant transformation in what high-net-worth buyers value in their properties. Traditionally associated with opulence, the concept of “premium” is now shifting towards attributes that reflect personal values, including health, innovation, and sustainability. Buyers are increasingly interested in homes that not only look good but also support their lifestyles, prioritizing security, privacy, and a sense of community.
According to property specialists in Dubai, there is a growing demand for features that enhance comfort and wellness. This trend is influencing developers to rethink their strategies, moving beyond aesthetics to create homes that promise long-term value and meaningful living experiences.
Smart Home Technology Becomes Essential
By 2025, intelligent home technologies are expected to be the norm rather than a luxury. Buyers are seeking complete control over their living environments, desiring systems that can manage lighting, climate, security, and entertainment through voice commands or mobile applications. Properties featuring biometric entry systems, AI-powered assistants, and energy-monitoring tools are gaining traction in the market. Additionally, future-proof features, such as 6G compatibility, are becoming critical considerations for affluent buyers. Automation, efficiency, and seamless management have transformed from luxury amenities into essential components for contemporary lifestyles.
Sustainability Reflects Personal Values
The trend towards sustainable design is emerging as a key selling point in Dubai’s luxury real estate sector. Buyers are now favoring properties that align with eco-friendly living, driven by a desire to contribute positively to the environment. Features such as solar panels, LEED certification, water-saving fixtures, and energy-efficient HVAC systems are increasingly valued over extravagant designs. Developers focusing on eco-friendly construction and low-carbon materials are finding a receptive audience among buyers, for whom sustainable luxury is not just a preference but a reflection of their values and global perspectives.
Wellness is becoming central to buyer expectations in the luxury market. Properties that offer amenities like spas, hiking trails, yoga spaces, meditation gardens, and fitness areas with air purification are on the rise. Designs that minimize noise and incorporate EMF-safe principles resonate with individuals who prioritize physical and mental well-being.
Personalization has also become paramount in this evolving landscape. Buyers are looking for homes that reflect their unique preferences rather than standardized layouts. Features such as flexible floor plans and custom-designed interiors are significant draws. At the same time, privacy remains a critical concern. Homes equipped with private lobbies, soundproofing, and biometric security provide the level of seclusion that affluent buyers expect.
Furthermore, luxury is redefining itself through the quality of service offered. Today’s buyers seek properties that include concierge-level services, enhancing everyday convenience. Services like personal chefs, wellness consultants, housekeeping, and travel assistance are becoming commonplace. Some properties even offer pet-friendly amenities and private event planning, creating an exclusive lifestyle that transforms a house into a personal sanctuary.
In conclusion, Dubai’s luxury real estate market in 2025 will be shaped by deeper motivations. Today’s buyers are informed and globally aware, seeking experiences that resonate with their identities. The focus on innovation, sustainability, wellness, privacy, and customized living will set the foundation for the future of high-end properties. Developers who understand and meet these evolving standards will not only thrive in a competitive market but also help shape a vision for the future of living in Dubai.
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