ABC has accused the FCC of retaliating against its editorial decisions and Donald Trump coverage by subjecting eight local stations to an expedited license renewal process. The Disney-owned network argues this is an unconstitutional premise, while the FCC denies political motivation, citing employment practices.
FIFA President Gianni Infantino has abandoned his plan to sell World Cup stakes for $4.2 billion in private funding, hours after senior adviser Carlos Cordeiro resigned, calling it a "bad deal for football." The proposal, which involved a subsidiary and private investors, had faced widespread condemnation.
FIFA President Gianni Infantino has withdrawn his controversial proposal to sell World Cup commercial rights to private investors, citing "divisions" and widespread global opposition from confederations like UEFA and Concacaf, and internal resignations. The collapse puts his presidency under severe pressure.
India's ODI and Test captain Shubman Gill raised concerns over the national cricket team's fitness standards following a series of player injuries, highlighting a communication gap and system breakdown between team management and the Centre of Excellence (CoE).
MicroStrategy's Michael Saylor detailed "110 reasons" against Bitcoin Improvement Proposal-110 (BIP-110), which aims to limit non-monetary transactions like Ordinals inscriptions to preserve BTC's peer-to-peer cash function. The proposal, introduced in December 2025, faces significant debate within the Bitcoin community.
Russia plans to shift at least 15% of cargo transported by road over 200 km to inland waterways by 2035. This proposal, presented by Vladimir Timofeyev of the Association of River Transport Ports and Shipowners, aims for balanced transport development and reduced highway strain.
Principal Secretary to PM PK Mishra emphasized the need for India to build 'antifragile systems' that grow stronger from uncertainties and disruptions. Speaking at the NIUA's golden jubilee, he highlighted the changing nature of global risks and the persistent governance challenge of implementing ideas on the ground.
Rolling coverage of the latest economic and financial newsTehran has ‘no plans to participate’ in new talks, state media reports, as it accuses US of violating ceasefireMohit Kumar of investment bank Jefferies remains hopeful that the US and Iran are moving towards a peace deal, despite the re-closure of the strait of Hormuz:Markets are in a risk off mode this morning as tensions have escalated with Iran closing the Strait of Hormuz and US blockade still in place. US seized an Iran cargo ship and Trump threatened to destroy power plants and bridges in Iran. Tensions have also escalated between Israel and Hezbollah with the killing of two Israeli soldiers and attacks on Southern Lebanon. This follows constructive talks last week, where US and Iran were moving towards a deal and Iran had agreed to open the Strait of Hormuz.Our view remains that we are moving towards a deal. Not because we believe that US and Iran have found a solution, but because of the MAD (Mutually Assured Destruction) principle. We are at a stage where it is not in the interest of either parties to carry on with the war. The MAGA base of Trump does not war to continue and Trump wants a deal. For IRGC, the objective is survival and destruction of infrastructure and economic hardship could sow the seeds of rebellion down the line. For Israel, the main objective is the weakening of Hezbollah and would not hinder a US Iran deal.Recent developments can be framed in two ways: either five steps forward towards peace and three back (seems more apt than three and two), or as evidence that the two sides remain far enough apart that a lasting deal will be extremely hard to achieve and markets have become far too optimistic. I lean more towards the former, but the comparison with recent history is uncomfortable.Remember the 10%+ S&P 500 rally in the early weeks of the war in Ukraine, when hopes briefly grew of an early negotiated settlement, only to be disappointed. That episode is a clear warning sign. Continue reading...
