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The impending retirement of millions of small business owners, primarily from the baby boomer generation, poses a significant challenge for the US economy. According to the Small Business Administration, there are approximately 33 million small businesses in the US, but fewer than 7 million employ people. The rest are often solo operations or side gigs with little to no value if the owner were to suddenly disappear. Many small business owners, like the author, operate in a service-based economy, which accounts for 77% of US GDP. These businesses are often built around the owner, with no hard assets to sell, making them unattractive to potential buyers. The author's own business is a prime example, with no valuable assets, a virtual office, and remote employees. A recent McKinsey report predicts a "great ownership transfer" over the next 10 years, with as many as 6 million small and midsize American businesses changing hands. However, without intentional action, many viable small businesses may close rather than transfer ownership. So, what are the options for these business owners? They could hand down the business to their kids, but this only works if the kids are interested and capable. Another option is to build an actual business with value by changing billing models, enforcing contracts, and creating a sustainable brand. However, this approach can be exhausting, especially for older business owners. A more practical approach for service business owners is to build cash and save for retirement. The author has been pulling profits out of their company and saving, planning for retirement through their savings rather than their business. This transition presents a great opportunity for younger entrepreneurs, who could partner with or purchase businesses from older owners, leveraging their existing operations, customers, and relationships to make improvements and grow the business.

The UK vape industry is sounding the alarm about the proliferation of fake vapes on the market, which can pose serious health risks to users. These counterfeit devices are often sold in high street shops and can look identical to legitimate products, making them difficult to spot.According to the UK Vaping Industry Association (UKVIA), around 5m illegal devices have been seized over the last three years, with a street value of £39m. These devices often lack safety features, such as circuit protection to prevent overheating, which can cause them to catch fire.John Dunne, head of the UKVIA, warns that fake vapes may cause damage to people's health as they have not undergone the same testing regime as legal devices. 'Where the packaging might look similar and the product itself may look similar, these companies may not have the same safety features built into the device, because the copycats tend to try and make the product as cheap as possible,' he says.So, how can you spot a fake vape? One of the key telltale signs is if the box does not have a UK distributor's address on it. Other signs include poor-quality packaging with low-resolution photos or labels, and missing nicotine warnings and ingredient lists. The device name or labelling may also be written in a foreign language.If you suspect that you have bought a fake vape, you can file a report through the UKVIA or contact your local Trading Standards office. You can also check whether a brand has been registered with the MHRA through its website.

Senegal's national football team, the Lions of Teranga, showcased the Africa Cup of Nations (AFCON) trophy to a crowd of 70,000 at the Stade de France in Paris ahead of a friendly match against Peru. This display comes despite the controversy surrounding their initial 1-0 win in the final against Morocco in January, which was later overturned by CAF due to a mid-game walk-off by Senegalese players.The team's captain, Kalidou Koulibaly, and goalkeeper Edouard Mendy led the parade, taking the trophy to the stadium's presidential box where it was placed in front of Abdoulaye Fall, the president of the Senegalese Football Federation. The event was attended by thousands of Senegalese supporters, who were joined by Peruvian fans and even Bally Bagayoko, the newly elected mayor of Saint-Denis, who praised the team's unity and spirit.The controversy began when Senegal's players left the field in protest over a penalty awarded to Morocco, which was later missed. The match eventually ended 1-0 in Senegal's favor with a goal from Pape Gueye in extra time. Morocco appealed the result, and CAF's appeals panel awarded them a 3-0 win and the title. Senegal has since announced plans to appeal to CAF and the Court of Arbitration for Sport (CAS), a process that could take up to a year.The Senegalese government has also called for an independent international inquiry into CAF's decision, citing allegations of corruption. This development has added to the tension between Senegal and Morocco, with the two nations set to remain locked in a dispute over the AFCON title.Despite the controversy, the Senegalese team's display of the trophy was seen as a celebration of their on-field victory and a show of unity among the players, fans, and the community. The friendly match against Peru was the team's first since the AFCON final, and they are now preparing for the World Cup, where they will face France, Norway, and either Bolivia or Iraq.

Jeepney driver Arturo Modelo of Manila says his daily earnings have collapsed to roughly one‑third of the usual 600 pesos after fuel costs surged, leaving him unable even to afford his child’s lunch money.Modelo joined a two‑day transport strike on Thursday and Friday, hoping to make a “deaf government” listen to the plight of drivers who can no longer earn a living on the road.The iconic jeepney, born from repurposed U.S. military vehicles after World War II, remains the most affordable commuter option in the Philippines, yet its operators are now bearing the brunt of a global oil shock.Last week, jeepney owners walked out, and this week the protest expanded to include bus, taxi, minibus and motorcycle‑taxi drivers. Nearly a dozen national transport groups marched to the Presidential Palace demanding price caps on petrol and diesel, the removal of fuel taxes, and stricter regulation of the oil sector.Organised under the No to Oil Price Hike Coalition, the demonstrators also blamed “American aggression” against Iran for the domestic economic distress, with union chair Jerome Adonis likening the impact to “a bomb dropped on us”.In response, President Ferdinand Marcos Jr declared a national energy emergency on Tuesday night – the first such declaration in the country’s history. The emergency, set to last one year, grants the government powers to accelerate fuel procurement, curb hoarding and curb profiteering.Fuel prices remain among the highest in Southeast Asia: diesel is now about $2.3 per litre and petrol close to $2 per litre in the Philippines, versus $2.7 and $2.35 respectively in Singapore, while Malaysia, Vietnam and Thailand report roughly half those prices.To alleviate the burden, the administration has introduced a 5,000‑peso ($83) subsidy for motorcycle‑taxi drivers and other public‑transport workers, and disbursed 2.5 billion pesos (≈$414 million) in fuel subsidies to roughly 300,000 transport employees. Unions claim the sector employs about two million people, leaving many without aid.During the strike, picket lines appeared at 85 commuter terminals, and jeepneys were scarce on Manila’s usually congested streets. Authorities, however, argued that the action did not cripple the city’s transport network.Union leader Mody Floranda of the Piston group accused President Marcos of favouring oil companies, saying the president could issue an executive order to cap prices but has yet to act decisively.Energy officials note that 98 % of the Philippines’ crude oil is imported and that the country’s high 12 % value‑added tax, excise duties and a deregulated market – shaped by the Oil Industry Deregulation Law of 1998 – amplify price volatility. Professor Krista Yu of De La Salle University highlighted the nation’s limited refining capacity as a structural weakness.Chief economist Emmanuel Leyco warned that the law allowing industry‑driven price adjustments “is the main culprit”, especially as “half the population is poor”.Amid mounting pressure, Marcos signed legislation permitting the temporary suspension of fuel excise taxes when crude oil prices exceed a set threshold. Opposition lawmaker Renee Co urged that the 12 % VAT also be removed, calling both taxes “regressive” burdens on ordinary Filipinos.Co and other lawmakers have also filed a resolution demanding an immediate end to the U.S.‑Israel‑Iran conflict, linking regional geopolitics to the domestic fuel crisis.

Yemen's Houthi rebels have launched a barrage of ballistic missiles at Israel, marking their first such attack since the US-Israel war on Iran began. The assault was announced by Brigadier-General Yahya Saree, a military spokesman for the Houthis, on their Al-Masirah satellite television. The attack targeted what Saree described as 'sensitive Israeli military sites' in southern Israel. The Israeli military reported intercepting one of the missiles. This development comes as Iran and Hezbollah continue to fire on Israel, with sirens sounding around Beer Sheba and near Israel's main nuclear research centre. Saree stated that the strikes 'will continue until the declared objectives are achieved, as stated in the previous statement by the armed forces, and until the aggression against all fronts of the resistance ceases'. This escalation follows a vague statement by Saree on Friday signaling the rebels' intention to join the conflict. The Houthis, who have controlled Yemen's capital, Sanaa, since 2014, had previously stayed out of the US-Israel war. However, they have been involved in attacks on shipping vessels during the Israel-Hamas war, disrupting commercial transit in the Red Sea. Over 100 merchant vessels were attacked with missiles and drones, resulting in two ships sinking and four sailors killed between November 2023 and January 2025. Experts consider the Houthis' entry into the US-Israeli war on Iran as 'very significant'. Mohamad Elmasry, a professor of Media Studies at the Doha Institute for Graduate Studies, noted that if the Houthis were to shut down the Bab al-Mandab Strait, the Red Sea, and the Suez Canal, it would impact two major international shipping waterways, alongside the Strait of Hormuz. Al Jazeera's Nida Ibrahim reported from Ramallah that the opening of a new front in the war is likely to raise questions in Israel about 'the viability of the operations and the way the government is conducting its war'. She expects Israel to retaliate to this attack, as seen in previous instances when Yemen joined the battle.

A firefighting helicopter successfully crash-landed in South Africa, with both pilots on board miraculously surviving the incident. The details of the crash, including the cause and location, have not been disclosed.The pilots' survival is being hailed as a remarkable outcome given the typically high risk of fatality in such aviation accidents. Firefighting helicopters play a critical role in combating wildfires, especially in regions prone to severe fire outbreaks like South Africa.

In a recent development, human rights groups in Canada have strongly criticized the newly passed Bill C-12, which they claim will significantly undermine refugee and migrant rights in the country.The bill, which became law on Thursday, has been condemned by over two dozen organizations, including Amnesty International Canada, the Canadian Civil Liberties Association, and the Canadian Council for Refugees. These groups argue that the legislation will put thousands of individuals at risk of persecution, violence, and precarity.Key concerns about Bill C-12 include a new rule that will bar asylum seekers from getting a full hearing at an independent tribunal if they make their applications more than one year after entering Canada. Instead, they will have access to a pre-removal risk assessment, which rights groups say offers fewer protections.The bill also grants the government the power to cancel immigration documents, including permanent or temporary resident visas, and work or study permits, if it deems it in the “public interest” to do so. Critics argue that this will lead to mass cancellations of immigration documents and applications.“This government is replicating US-like anti-migrant sentiment and policies in Canada,” the rights groups said in a statement. They also expressed concerns that the bill will facilitate the sharing of personal information within and outside the country.The Canadian government has justified the legislation as part of a wider effort to reduce pressure on a strained immigration system and bolster border security. However, the United Nations Human Rights Committee has warned that Bill C-12 “may weaken refugee protection”.Refugee advocates say they will continue to push back against the legislation, citing concerns that it will fuel anxiety and fear among refugees and migrants. “People are here to work, to get out of [difficult situations],” said Flavia Leiva of the Welcome Collective refugee rights group. “We can’t forget that refugees are people who fled extremely difficult situations and who can’t go home.”

Manchester City delivered a resounding statement of intent in their latest Women's Super League fixture, dismantling Manchester United 3-0 at Old Trafford in a derby that showcased the vast gulf between the two teams. The victory propelled City closer to securing their first league title in a decade, while simultaneously damaging United's hopes of European qualification next season.Vivianne Miedema was the star of the show, scoring twice with headers in the first half, while Kerstin Casparij added a third goal early in the second period. Lauren Hemp also hit the crossbar as City dominated throughout, with the home side fortunate not to concede more goals in a match that highlighted the disparity between the teams.Manchester United head coach Marc Skinner attributed his team's performance to fatigue following their Champions League encounter with Bayern Munich three days prior. In contrast, City has benefited from not competing in European competitions this season, allowing for crucial rest between matches. Skinner acknowledged the advantage enjoyed by City manager Andrée Jeglertz, who described his team's first-half display as "one of the best we've done this season."The result has effectively ended United's title ambitions, with Skinner's side now trailing by 11 points with only three games remaining. Chelsea's hopes of retaining their crown have also been extinguished, as they sit 12 points behind with an inferior goal difference. Arsenal remains the only mathematical challenger, though they would need City to falter significantly in their remaining fixtures.City's dominance was evident from the opening minutes, with Miedema opening the scoring from a corner just 21 seconds into the match. She doubled her tally before the break, finding herself unmarked in the penalty area as United's defense failed to deal with a cross from Casparij. Hemp struck the woodwork before a Rebecca Knaak goal was controversially disallowed, and Casparij sealed the victory with a clinical finish after the interval.With City now requiring just five points from their remaining three matches—all against bottom-four teams—the WSL title appears destined to return to the Etihad Stadium. Meanwhile, United faces an uphill battle to secure European qualification, with challenging fixtures against Tottenham and Chelsea still to come this season.

The growing influence of political deepfakes is a pressing concern, as AI-generated content becomes increasingly sophisticated and accessible. Online content creators are not only building fake images and videos of prominent public figures but also fabricating people and using them in military contexts, which can make them money and serve as effective propaganda.According to experts, some of these online avatars are sexualized images of women wearing camouflage garb that have generated a significant audience and helped create an idealized image of political figures like Donald Trump, even if the viewer knows the content is not real. Daniel Schiff, an assistant professor of technology policy at Purdue University, notes that "we are blending the lines between political cartoons and reality," and that "a lot of people feel like these images or videos or the stories they convey, feel true."The amount of political deepfakes has increased dramatically in recent years, with over 1,000 English language social media posts featuring fake images or videos of prominent political figures and politically important social issues and events cataloged by the Governance and Responsible AI Lab (Grail) since the start of 2025. In contrast, the organization recorded 1,344 such incidents in the previous eight years combined.The uptick is largely due to improvements in generative AI technology, which has made it "trivially easy to generate a scene that looks pretty realistic and to place real individuals into scenes," according to Sam Gregory, executive director of Witness. The fake avatars, which mimic real ordinary people rather than known figures, are a different matter again.Researchers worry that things will only get worse, with the technology used to build AI-generated content like Jessica Foster potentially being used to produce "AI swarms" capable of "coordinating autonomously, infiltrating communities, and fabricating consensus efficiently." However, humans can still stop malicious actors from using AI to destabilize society by implementing technical standards for content provenance and authenticity and ensuring that technology companies label AI-generated content.