Alibaba reported a 9% year-over-year revenue increase to 268.95 billion yuan, fueled by a 45% growth in cloud revenue and triple-digit AI product growth. Despite revenue gains, capital expenditure rose 75% to 67.7 billion yuan, leading to a significant free cash flow outflow.
As US national debt hits a record $40tn under Donald Trump, experts note it is the result of a decades-long Republican economic strategy known as 'starving the beast' to limit Democratic administrations.
Public Bitcoin miners are heavily investing in AI and high-performance computing, spending billions on capital assets while AI revenues lag behind.
Bitcoin mining firm Bitdeer's AI division signed a five-year customer agreement covering half the capacity of its A102 Malaysia facility, expecting $400 million in revenue starting 2027.
South Korea will launch the Future Fund using windfall tax revenue from the AI boom to boost long-term economic growth, fund future sectors, and overhaul education budget allocations.
South Korea's budget ministry announced plans to launch the 'Future Fund' using tax windfall revenue from the AI boom to invest in technology, youth support, and education reform.
Ionic Digital's Q2 revenue was 90% from leasing to AI infrastructure provider Nscale, with $43.8M from a Ward County lease, while Bitcoin mining contributed $4.8M. Despite the shift, a $28.2M noncash loss on Bitcoin holdings led to a $35.3M GAAP net loss.
Union Home Minister Amit Shah chaired the 31st Southern Zonal Council meeting in Kovalam, Tamil Nadu. The session focused on inter-state disputes, security, and development, with leaders from southern states and Union territories in attendance.
Tennis Grand Slam tournaments plan to form a player advisory council to address ongoing disputes over prize money. The move follows player boycotts of media activities and demands for a 22% revenue share, with the US Open expected to announce record prize money.
Securitize reported record Q1 tokenized assets under management of $4.3 billion and $5.3 billion in transaction volume, yet total revenue fell 5% to $14.4 million and adjusted EBITDA swung to a $5.5 million loss as platform activity lacked monetization.
Alibaba Group Holding reported 45 per cent revenue growth for its cloud and AI division in the June quarter, driving adjusted profit to 27.3 billion yuan as AI-related products surged.
Webull reported a record $198 million in revenue for Q2 2026, with cryptocurrency trading accounting for $2.25 million. Equity and options trading generated $112 million, while executives noted gradual rollouts for crypto deposits and withdrawals.
Tata Consumer Products anticipates sustained double-digit revenue growth in FY27, driven by healthy consumer demand and volume-led expansion across food and beverage segments, according to MD & CEO Sunil D'Souza.
Macau has launched a five-year economic development plan targeting a shift away from casino reliance. The strategy aims to increase non-gaming industry contributions to 60% of GDP by 2030, focusing on digital currency adoption, modern finance, and infrastructure projects.
Financial data from eight seasons of the Women’s Super League reveals that Arsenal and Chelsea dominate revenue and wages, effectively forming a 'big two' rather than a 'big four'. Most clubs face significant losses, with new wage-to-revenue regulations looming for 2026-27.
American Airlines plans to reinstall seatback entertainment screens across its domestic fleet after years of removing them. The move aims to improve passenger experience and compete with rivals like Delta and United, addressing complaints about personal device reliance.
Russia's agricultural exports to China increased by 44% year-over-year to $4.9 billion in the first half of 2026, driven by strong demand for Russian products in the Chinese market.
Perplexity's year-long partnership with Airtel, offering free Pro subscriptions to millions in India, drove massive download growth. As free access ends, data indicates resilient active user numbers and rising revenue, testing the viability of AI subscription bundling.
Russia's fish and seafood exports to China hit a record high in the first seven months of 2026, reaching 844,000 tons valued at over $2.4 billion. This represents a 14% increase in volume and a 54% surge in value compared to the same period in 2025.
Brunswick Corp. is leveraging advanced marine technology and its Freedom Boat Club membership model to drive growth as new boat sales remain sluggish. The company aims for $7-8 billion in revenue by 2030, focusing on recurring income and premium product resilience.
Anthropic's annualized revenue run rate surpassed $65 billion at the end of July, up from $47 billion in May, as the AI model maker eyes a public market debut with a potential $2 trillion valuation.
Baidu reported Q2 revenue of 31.3 billion yuan, slightly missing analyst estimates as online marketing dropped 19 per cent. However, AI-related operations surged 25 per cent, highlighting the company's shift toward an AI-first model.
Anthropic's annualized revenue run rate reached $65 billion at the end of July, marking a sevenfold increase year-over-year as the AI firm prepares for an expected IPO.
Biren Technology forecasts 1,852% to 2,107% year-on-year revenue growth for H1 2026, driven by strong demand for AI-focused GPUs, with projected revenue of ¥1.15-1.3 billion (US$170.5-218 million) and narrowing net loss.
