Sophia Patel — Business & Finance Editor European soccer governing bodies have agreed to boycott the World Cup and all other FIFA competitions in fierce opposition to a plan pushed by SMH to sell ownership stakes in the tournament to private equity investors. The decision followed an urgent virtual meeting of UEFA’s 55 member nations, chaired by UEFA president Aleksander Ceferin, where … Read more
Amazon’s Zoox has secured the first U.S. federal approval allowing a commercial robotaxi without human controls or steering wheels to charge passengers fares. The National Highway Traffic Safety Administration cleared up to 2,500 vehicles annually for two years, starting soon in Las Vegas. Amazon.com Inc.’s autonomous vehicle subsidiary, Zoox, has cleared a major regulatory hurdle … Read more
Mark Zuckerberg lost nearly $18 billion on Thursday as Meta shares slumped amid Wall Street backlash over soaring artificial intelligence spending. Meta Stock Plunge Triggers Massive Wealth Loss for Mark Zuckerberg Mark Zuckerberg’s net worth declined by nearly $18 billion on Thursday as Meta Platforms paced an 11-day losing streak, with Wall Street pushing back … Read more
The wage structure for commerce employees incorporates fixed sums into the basic salary and redefines agreement additionals, according to Infobae. New scales introduced in July 2026 update basic salaries and integrate extraordinary sums into regular remuneration under Collective Bargaining Agreement 130/75. Commerce Employees Receive Salary Updates and New Scales for July 2026 Since the beginning … Read more
Companies like Google, Orbital Compute, and NVIDIA are pioneering AI data centers in space and advanced cooling technologies, aiming to address energy demands and infrastructure limitations. Google’s Project Suncatcher, Orbital Compute’s satellite plan, and NVIDIA’s liquid-cooled servers highlight a race to redefine digital infrastructure. Google’s Project Suncatcher Google’s Project Suncatcher, unveiled by CEO Sundar Pichai … Read more
Wall Street opened firmly higher on Monday, driven by a steep decline in crude oil prices and easing geopolitical tensions between the U.S. and Iran. The Dow Jones Industrial Average climbed 1% in early trade, while the S&P 500 and Nasdaq Composite advanced 0.7% and 0.8%, respectively. Prior to the open, Nasdaq-100 futures outperformed with … Read more
French bank Societe Generale reported record second-quarter profit of €1.79 billion ($2.04 billion), up 23% year-on-year, as retail banking gains offset declining trading revenue. The results include a €1.5 billion share buyback and revised profitability targets. The French banking giant’s results highlight a stark contrast between its resilient retail operations and persistent challenges in its … Read more
Wednesday, July 29, 2026, was officially the warmest July 29 since measurements began in 1901. Temperatures reached 31.7 degrees Celsius in De Bilt and peaked at 35.2 degrees Celsius in Gilze-Rijen and Westdorpe, marking the ninth date-specific heat record for the year in the Netherlands. The heatwave reached a critical threshold on Wednesday, pushing the … Read more
Dutch natural gas reserves sit at just thirty-five percent capacity with only ninety-six days remaining until winter storage deadlines. Driven by surging international prices and the irreversible closure of Groningen gas fields, state energy firm EBN has stepped in with a twenty-one-point-six billion euro financing intervention to secure supplies. Netherlands faces a severe energy squeeze … Read more
Hong Kong has gazetted the Inland Revenue (Amendment) (Preferential Tax Regimes for Funds, Family-owned Investment Holding Vehicles and Carried Interest) Bill 2026, aiming to strengthen the city’s competitiveness as an asset and wealth management hub. Published on 12 June 2026, the Bill proposes extensive enhancements to tax concessions for privately-offered funds, family-owned investment holding vehicles … Read more