Climate activists, including athletes, are calling on FIFA and other sports organizations to end partnerships with the oil and gas industry, targeting Saudi Aramco as the exclusive energy sponsor for the World Cup. Protests are planned at multiple World Cup stadiums and sports arenas.
Reliance Consumer Products Limited aims for Rs 1 lakh crore revenue by FY30 and global FMCG status. Reliance Retail reported 1.93 billion transactions, 20,160 stores, and significant growth in fashion e-commerce and quick commerce. Jio Platforms' DRHP was approved for public listing.
The US Commerce Secretary has warned ASML that one of its advanced EUV chipmaking machines may have been shipped to China, a move that would violate export controls. ASML denies any such shipment, stating they track all machines and have internal firewalls to prevent China-based staff from accessing EUV technology.
Indian IT stocks, including Tata Consultancy Services, Infosys, and Tech Mahindra, fell up to 7% on Friday following Accenture's reduced revenue growth forecast for FY26 to 3-4%, impacting sector sentiment.
Accenture's stock dropped nearly 20% after reporting Q3 revenues of $18.7B, up year-over-year but below expectations, with a 2% decline in new bookings. CEO Julie Sweet urged investors to focus on AI adoption as a long-term growth driver.
Indian IT stocks like TCS, Infosys, and Wipro fell sharply after Accenture revised its annual revenue growth forecast downwards, signaling caution in discretionary technology spending. Accenture's Q3 results beat earnings expectations but missed revenue estimates, with a decline in managed services bookings.
HIVE Digital Technologies' AI subsidiary BUZZ HPC has secured a three-year, $220 million GPU cloud contract with Bell AI Fabric to support AI startup Cohere. The deal involves deploying 2,304 NVIDIA GPUs in British Columbia, expected to generate $70 million in annual recurring revenue and signifies HIVE's expansion into AI infrastructure.
Illinois has enacted a $55.9 billion budget featuring a first-of-its-kind 0.2% tax on crypto assets, set to take effect in January 2027. The Digital Asset Tax Act will levy a privilege tax on digital asset brokers for customer transactions, drawing sharp criticism from industry leaders concerned about discriminatory practices and potential capital flight.
Upcoming IPOs for SpaceX, OpenAI, and Anthropic could generate significant tax revenue for California. However, experts suggest the actual amount may be less than anticipated due to evolving employee compensation structures and advanced tax mitigation strategies.
Zee Entertainment, India's broadcaster for the FIFA World Cup 2026, will allocate 15% of its subscription revenue to football development in the country. The initiative aims to identify and train young talent nationwide, working with organizations like the AIFF.
Grayscale Research forecasts Aave's native cryptocurrency could reach $175 within a year, applying traditional finance valuation models to DeFi tokens. The report estimates Aave's fair value at $80-$100 and projects significant income growth by 2026.
Despite China's men's team not participating, a World Cup betting frenzy has gripped mainland China, with sales of Football Lottery tickets reaching $950 million last week. Shops report a surge in business, with customers, many young, studying odds and placing bets on various match outcomes.
Xbox CEO Asha Sharma and CCO Matt Booty informed staff of significant financial challenges, with plans to cut costs by potentially closing Ninja Theory, Double Fine, and Compulsion Games. This follows a memo citing over $20bn in investments yielding declining revenue and a "hardware component crisis."
Russia's crude oil and petroleum product exports reached 7.35 million barrels per day in May 2026, a 0.14% increase from April, despite a 3.26% revenue drop to $20.79 billion due to lower energy prices.
UK government revenue from Capital Gains Tax (CGT) has surged by nearly 80% to £24bn in the last tax year due to rule changes, impacting more individuals. Experts advise on strategies like utilizing ISAs, transferring assets between spouses, and pension contributions to mitigate CGT bills.
An inquiry into the CFMEU's Queensland branch is investigating allegations of financial misconduct, including "shadow financial operations" and the improper use of donations to pay fines. Counsel assisting the inquiry claims the union used enterprise bargaining agreements to generate millions in revenue and control the construction industry.
Malaysia's Inland Revenue Board (LHDN) has alerted collectors of high-value items like trading cards that their hobby may be subject to income tax if it constitutes a business activity. The LHDN uses 'badges of trade' to determine taxability, considering factors like transaction frequency, profit motive, and organization.
India's government is making strong progress on its non-tax revenue goals, with public asset monetisation reaching nearly 30% of last fiscal year's total in just two-and-a-half months. Disinvestment income is also close to FY26 levels, as efforts intensify to exceed the combined FY27 target of ₹80,000 crore.
SpaceX shares jumped 12% Tuesday, briefly surpassing Microsoft and Amazon in market cap. The rocket builder's valuation reached $2.94 trillion, fueled by a record IPO and a $60 billion acquisition of AI startup Cursor.
SpaceX's market cap briefly surpassed Microsoft's and Amazon's following a strong IPO debut and a 12% share price increase on Tuesday. The company also announced a $60 billion acquisition of AI startup Cursor.
Leaked financial documents reveal OpenAI's revenue surged from $3.7B in 2024 to $13.07B in 2025, but expenses, particularly R&D, grew even faster, leading to significant operating losses. The company aims for profitability by 2030.
Robinhood is laying off 10% of its workforce, approximately 2,900 employees, to streamline operations. This decision comes as the company faces a significant 34% sequential drop in crypto transaction revenue, falling to $134 million from $221 million.
SpaceX shares surged approximately 9% on Tuesday, briefly overtaking Microsoft and Amazon in market capitalization. The rocket-builder's valuation touched $2.94 trillion, following a record-breaking IPO and a 20% jump on its first full trading day. The company also announced the acquisition of AI coding agent Cursor for $60 billion.
SpaceX shares jumped 13% on Tuesday, surpassing Microsoft in market capitalization to become the fourth-largest U.S. company with a valuation of $2.94 trillion. This follows a record-breaking IPO and a 20% surge on its first day of trading. The company also announced the acquisition of AI coding agent Cursor for $60 billion.
