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Fifa World Cup Stake Sale to Tech Investors Collapses Amid Backlash

Fifa World Cup Stake Sale to Tech Investors Collapses Amid Backlash

AI-generated representative image: Fifa headquarters in Zurich, where a proposed $20 billion World Cup stake sale to Silicon Valley investors collapsed amid wid

How Silicon Valley's Thrive Eternal consortium pursued a $20 billion World Cup investment deal — and why football's governing body was forced to walk away.

By Editorial TeamAug 8, 2026 · 7:38 PM
S&P 500 Hits Record High Above 7,700 on Strait of Hormuz Deal Hopes
Business

S&P 500 Hits Record High Above 7,700 on Strait of Hormuz Deal Hopes

Dow also notches fresh record as oil prices slide on Iran-Oman talks to restore the critical crude shipping route

White House AI Safety Meeting Set After OpenAI and Anthropic Breaches
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White House AI Safety Meeting Set After OpenAI and Anthropic Breaches

Trump administration seeks early access to advanced models for federal safety testing as state AGs demand OpenAI documentation.

US Stocks Near Record High as Oil Slides on Trump Iran Talks
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US Stocks Near Record High as Oil Slides on Trump Iran Talks

S&P 500 rallies toward all-time high while Brent crude tumbles amid conflicting US-Iran diplomacy signals

Shell Profits Double as Iran War Disrupts Global Oil Markets
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Shell Profits Double as Iran War Disrupts Global Oil Markets

Energy giant reports $9.84 billion in Q2 earnings as crude price surges and LNG trading gains offset Middle East operational damage

Sainsbury's Sells Argos to Swift Partners for £120 Million
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Sainsbury's Sells Argos to Swift Partners for £120 Million

Richard Pennycook-led Swift Partners acquires the struggling general merchandise chain as Sainsbury's sharpens its food-first strategy

Turkiye Acquires 15% Kirkuk Oilfield Stake as Iraq Offers 1M Barrels Per Day
Business

Turkiye Acquires 15% Kirkuk Oilfield Stake as Iraq Offers 1M Barrels Per Day

The landmark energy deal replaces the expired 1975 Kirkuk-Ceyhan pipeline pact with a broader Turkiye-Iraq cooperation framework spanning security, trade and transport.

Islamic University of Gaza Rebuilds After Three Years of War Devastation
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Islamic University of Gaza Rebuilds After Three Years of War Devastation

Students and faculty struggle to revive medical and science education amid destroyed laboratories and lost equipment

Sam Altman Declares AI Singularity Has Arrived, Sparking Global Debate
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Sam Altman Declares AI Singularity Has Arrived, Sparking Global Debate

The OpenAI CEO claims artificial intelligence has crossed a historic threshold, drawing both optimism and renewed safety warnings from researchers and lawmakers