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Russia retaliates as powerful explosions heard in Kyiv after warship sinks

Powerful explosions were heard in Kyiv early on Friday, and air raid sirens blared across Ukraine as residents braced for new Russian attacks after Moscow’s lead warship in the Black Sea sank following a fire.

The explosions appeared to be among the most significant in Ukraine’s capital region since Russian troops pulled back from the area earlier this month in preparation for battles in the south and east.

Ukraine claimed responsibility for sinking the Moskva, saying the Soviet-era flagship of Russia’s Black Sea fleet was struck by one of its missiles. The vessel sank late on Thursday as it was being towed to port, Russia’s defence ministry said.

Over 500 crew aboard the missile cruiser were evacuated after ammunition on board exploded, the ministry said, without acknowledging an attack. Ukraine says it hit the warship with a locally made Neptune anti-ship missile.

The ship’s loss comes as Russia’s navy continues its bombardment of Ukrainian cities on the Black Sea nearly 50 days after it launched the invasion. Residents of Odesa and Mariupol, on the adjacent Azov Sea, have been bracing for new Russian attacks.

Ukrainian president Volodymyr Zelenskiy alluded to the sunken warship in an early morning video address in which he warned of Russian intentions to target the eastern Donbas region, including Mariupol.

Mr Zelenskiy paid homage to all “those who halted the progress of the endless convoys of Russian military equipment … Those who showed that Russian ships can go … down to the bottom.”

There were no immediate reports of damage following the explosions reported in Kyiv, Kherson in the south, the eastern city of Kharkiv and the town of Ivano-Frankivsk in the west. Ukrainian media reported electricity outages in parts of Kyiv.

Air raid sirens went off in all regions of Ukraine just after midnight on Friday and continued blaring in the eastern regions of Luhansk and Zaporizhzhia even after those elsewhere went quiet, Ukrainian media said.

Reuters could not immediately verify the reports.

Setback

Whatever the cause of the Moskva’s loss, the episode is a setback for Russia. If Ukraine’s assertion that it hit the ship in a missile strike turns out to be true, the attack will go down in history as one of the highest-profile naval attacks so far this century.

Russia’s defence ministry said it is investigating the cause of the fire on board. The United States said it did not have enough information to determine whether the Moskva was hit by a missile.

“Certainly, the way this unfolded, it’s a big blow to Russia,” said national security adviser Jake Sullivan.

Russian forces have pulled back from some northern parts of Ukraine after suffering heavy losses and failing to capture Kyiv. Ukraine and its western allies say Moscow is redeploying for a new offensive in the eastern Donbas region.

Russia launched its assault in part to dissuade Ukraine from joining Nato. But the invasion has pushed Finland, which shares a long border with Russia, and nearby Sweden to consider joining the US led military alliance.

Moscow warned Nato on Thursday that if Sweden and Finland join, Russia would deploy nuclear weapons and hypersonic missiles in a Russian enclave on the Baltic Sea, in the heart of Europe.

Commenting on Russia’s military setbacks, CIA director William Burns said the threat of Russia potentially using nuclear weapons in Ukraine cannot be taken lightly, but that the agency has not seen much practical evidence reinforcing that concern.

Mariupol

Moscow describes its invasion as a “special military operation” aimed at demilitarising Ukraine. Kyiv and its allies say Russia has launched an unprovoked war that has seen more than 4.6 million people flee abroad and killed or wounded thousands.

Russia’s navy has fired cruise missiles into Ukraine and its Black Sea activities are crucial to supporting land operations in the south and east, where it is battling to seize full control of Mariupol.

Russia said on Wednesday that more than 1,000 Ukrainian marines from one of the units still holding out in Mariupol had surrendered. Ukrainian officials did not comment.

If taken, Mariupol would be the first major city to fall to Russian forces since they invaded, allowing Moscow to reinforce a land corridor between separatist-held eastern Donbas areas and the Crimea region it seized and annexed in 2014.

Ukraine said tens of thousands of people were believed to have been killed in Mariupol, where efforts were under way to evacuate civilians.

Russia’s defence ministry said late on Thursday that 815 people had been evacuated from the city over the past 24 hours. Ukraine said that figure was 289. – Reuters

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Would YOU live here? Seaside cottage with stunning coastal views is branded ‘uninhabitable’ and ‘unsafe’ in listing – but is on the market for just £75,000

  • Woodbine Cottage in Ardersier, near Inverness has been put on the market 
  • The four-bedroom home has remarkable views of the Moray Firth 

A seaside cottage with stunning coastal views has been branded ‘uninhabitable’ and ‘unsafe’ in its listing – but has still gone on the market for just £75,000.

Potential buyers of Woodbine Cottage in Ardersier, near Inverness, may get some remarkable views of the Moray Firth, but also face a massive renovation job to make the building fit to live in.

Photos show the interior of the four-bedroom home, which has been vandalised and left littered with old clothes and belongings.

The property will require extensive works throughout, but Auction House Scotland believes it ‘offers a fantastic opportunity to create a stunning family home’.

The house, which includes a garage, has been ‘extensively extended’ to create a total floor area of over 350 sqm – which could be converted into a family home or a rental opportunity.

Woodbine Cottage in Ardersier, near Inverness, comes with a remarkable view of the Moray Firth - but potential buyers face a massive renovation job

Woodbine Cottage in Ardersier, near Inverness, comes with a remarkable view of the Moray Firth – but potential buyers face a massive renovation job

Photos show the interior of the home, which has been vandalised and left littered with old clothes and belongings

Photos show the interior of the home, which has been vandalised and left littered with old clothes and belongings

The seaside cottage has been branded 'uninhabitable' and 'unsafe' in its listing

The seaside cottage has been branded ‘uninhabitable’ and ‘unsafe’ in its listing

The property will require extensive works throughout, but Auction House Scotland believe the house 'offers a fantastic opportunity to create a stunning family home'

The property will require extensive works throughout, but Auction House Scotland believe the house ‘offers a fantastic opportunity to create a stunning family home’

‘The property further offers garden areas to front and rear, with the upper floor balconies enjoying great views over the Moray Firth,’ reads the listing.

‘The property is currently unhabitable, hence no Home Report is available, but a full programme of works would add massive value and offers the opportunity to adapt the current accommodation format subject, of course, to any required permissions/warrants.

‘The potential and value on offer is sure to attract strong levels of demand and, as such, early viewing is essential to avoid missing out.’ 

The original stone built dwelling has been extensively extended with the addition of north and south wings to create a total floor are in excess of 350 sq.

Auction House Scotland believe the property offers a fantastic opportunity to create a ‘stunning family home’ or to be rented out to holidaymakers. 

They also claim that a full programme of works would add ‘massive value’ to the building. 

The stunning view of the Moray Firth seen from the property

The stunning view of the Moray Firth seen from the property 

Auction House Scotland believe the property offers a fantastic opportunity to create a 'stunning family home' or to be rented out to holidaymakers

Auction House Scotland believe the property offers a fantastic opportunity to create a ‘stunning family home’ or to be rented out to holidaymakers

They also claim that a full programme of works would add 'massive value' to the building

They also claim that a full programme of works would add ‘massive value’ to the building

Once renovations are completed, the property will have a council tax band of C.

Mandi Cooper, Managing Director of Auction House Scotland, said: ‘Woodbine Cottage is certainly a project suited to a keen developer or investor, and it deserves to be lovingly renovated back to its former glory.

‘With huge opportunity to add value, and holiday lets in the Highlands being an ever-popular way to generate income, this would also be ideal for serviced accommodation providers.’

Woodbine Cottage will go to auction on May 30 with Auction House Scotland, with a viewing date of May 22

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Top 10 Florida Cities Dominate The Business Startup Landscape In The U.S.

Top 10 Florida Cities And Business Startup Landscape In The U.S.

The Voice Of EU | Florida emerges as a hub for entrepreneurial endeavors, with its vibrant business landscape and conducive environment for startups. Renowned for its low corporate tax rates and a high concentration of investors, the Sunshine State beckons aspiring entrepreneurs seeking fertile grounds to launch and grow their businesses.

In a recent report by WalletHub, Florida cities dominate the list of the top 10 best destinations for business startups, showcasing their resilience and economic vitality amidst challenging times.

From Orlando’s thriving market to Miami’s dynamic ecosystem, each city offers unique advantages and opportunities for entrepreneurial success. Let’s delve into the chronologically listed cities that exemplify Florida’s prominence in the business startup arena.

1. Orlando Leads the Way: Orlando emerges as the most attractive market in the U.S. for business startups, with a remarkable surge in small business establishments. WalletHub’s latest report highlights Orlando’s robust ecosystem, fostering the survival and growth of startups, buoyed by a high concentration of investors per capita.

2. Tampa Takes Second Place: Securing the second spot among large cities for business startups, Tampa boasts a favorable business environment attributed to its low corporate tax rates. The city’s ample investor presence further fortifies startups, providing essential resources for navigating the initial years of business operations.

3. Charlotte’s Diverse Industries: Claiming the third position, Charlotte stands out for its diverse industrial landscape and exceptionally low corporate taxes, enticing companies to reinvest capital. This conducive environment propels entrepreneurial endeavors, contributing to sustained economic growth.

4. Jacksonville’s Rising Profile: Jacksonville emerges as a promising destination for startups, bolstered by its favorable business climate. The city’s strategic positioning fosters entrepreneurial ventures, attracting aspiring business owners seeking growth opportunities.

5. Miami’s Entrepreneurial Hub: Miami solidifies its position as a thriving entrepreneurial hub, attracting businesses with its dynamic ecosystem and strategic location. The city’s vibrant startup culture and supportive infrastructure make it an appealing destination for ventures of all sizes.

6. Atlanta’s Economic Momentum: Atlanta’s ascent in the business startup landscape underscores its economic momentum and favorable business conditions. The city’s strategic advantages and conducive policies provide a fertile ground for entrepreneurial ventures to flourish.

7. Fort Worth’s Business-Friendly Environment: Fort Worth emerges as a prime destination for startups, offering a business-friendly environment characterized by low corporate taxes. The city’s supportive ecosystem and strategic initiatives facilitate the growth and success of new ventures.

8. Austin’s Innovation Hub: Austin cements its status as an innovation hub, attracting startups with its vibrant entrepreneurial community and progressive policies. The city’s robust infrastructure and access to capital foster a conducive environment for business growth and innovation.

9. Durham’s Emerging Entrepreneurship Scene: Durham’s burgeoning entrepreneurship scene positions it as a promising destination for startups, fueled by its supportive ecosystem and strategic initiatives. The city’s collaborative culture and access to resources contribute to the success of new ventures.

10. St. Petersburg’s Thriving Business Community: St. Petersburg rounds off the top 10 with its thriving business community and supportive ecosystem for startups. The city’s strategic advantages and favorable business climate make it an attractive destination for entrepreneurial endeavors.

Despite unprecedented challenges posed by the COVID-19 pandemic, the Great Resignation, and high inflation, these top Florida cities remain resilient and well-equipped to overcome obstacles, offering promising opportunities for business owners and entrepreneurs alike.


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European Startup Ecosystems Awash With Gulf Investment – Here Are Some Of The Top Investors

European Startup Ecosystem Getting Flooded With Gulf Investments

The Voice Of EU | In recent years, European entrepreneurs seeking capital infusion have widened their horizons beyond the traditional American investors, increasingly turning their gaze towards the lucrative investment landscape of the Gulf region. With substantial capital reservoirs nestled within sovereign wealth funds and corporate venture capital entities, Gulf nations have emerged as compelling investors for European startups and scaleups.

According to comprehensive data from Dealroom, the influx of investment from Gulf countries into European startups soared to a staggering $3 billion in 2023, marking a remarkable 5x surge from the $627 million recorded in 2018.

This substantial injection of capital, accounting for approximately 5% of the total funding raised in the region, underscores the growing prominence of Gulf investors in European markets.

Particularly noteworthy is the significant support extended to growth-stage companies, with over two-thirds of Gulf investments in 2023 being directed towards funding rounds exceeding $100 million. This influx of capital provides a welcome boost to European companies grappling with the challenge of securing well-capitalized investors locally.

Delving deeper into the landscape, Sifted has identified the most active Gulf investors in European startups over the past two years.

Leading the pack is Aramco Ventures, headquartered in Dhahran, Saudi Arabia. Bolstered by a substantial commitment, Aramco Ventures boasts a $1.5 billion sustainability fund, alongside an additional $4 billion allocated to its venture capital arm, positioning it as a formidable player with a total investment capacity of $7 billion by 2027. With a notable presence in 17 funding rounds, Aramco Ventures has strategically invested in ventures such as Carbon Clean Solutions and ANYbotics, aligning with its focus on businesses that offer strategic value.

Following closely is Mubadala Capital, headquartered in Abu Dhabi, UAE, with an impressive tally of 13 investments in European startups over the past two years. Backed by the sovereign wealth fund Mubadala Investment Company, Mubadala Capital’s diverse investment portfolio spans private equity, venture capital, and alternative solutions. Notable investments include Klarna, TIER, and Juni, reflecting its global investment strategy across various sectors.

Ventura Capital, based in Dubai, UAE, secured its position as a key player with nine investments in European startups. With a presence in Dubai, London, and Tokyo, Ventura Capital boasts an international network of limited partners and a sector-agnostic investment approach, contributing to its noteworthy investments in companies such as Coursera and Spotify.

Qatar Investment Authority, headquartered in Doha, Qatar, has made significant inroads into the European startup ecosystem with six notable investments. As the sovereign wealth fund of Qatar, QIA’s diversified portfolio spans private and public equity, infrastructure, and real estate, with strategic investments in tech startups across healthcare, consumer, and industrial sectors.

MetaVision Dubai, a newcomer to the scene, has swiftly garnered attention with six investments in European startups. Focusing on seed to Series A startups in the metaverse and Web3 space, MetaVision raised an undisclosed fund in 2022, affirming its commitment to emerging technologies and innovative ventures.

Investcorp, headquartered in Manama, Bahrain, has solidified its presence with six investments in European startups. With a focus on mid-sized B2B businesses, Investcorp’s diverse investment strategies encompass private equity, real estate, infrastructure, and credit management, contributing to its notable investments in companies such as Terra Quantum and TruKKer.

Chimera Capital, based in Abu Dhabi, UAE, rounds off the list with four strategic investments in European startups. As part of a prominent business conglomerate, Chimera Capital leverages its global reach and sector-agnostic approach to drive investments in ventures such as CMR Surgical and Neat Burger.

In conclusion, the burgeoning influx of capital from Gulf investors into European startups underscores the region’s growing appeal as a vibrant hub for innovation and entrepreneurship. With key players such as Aramco Ventures, Mubadala Capital, and Ventura Capital leading the charge, European startups are poised to benefit from the strategic investments and partnerships forged with Gulf investors, propelling them towards sustained growth and success in the global market landscape.


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— By Darren Wilson, Team VoiceOfEU.com

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