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Fever surpasses 6k paid member barrier

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Fever surpasses 6k paid member barrier

West Coast Fever increased its paid membership by 29 per cent in 2026, with 6,086 people signing up.

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Opinion: Shifting breed mix in WA cattle

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Opinion: Shifting breed mix in WA cattle

OPINION: Angus remains dominant among WA’s cattle herds but the number of northern-adapted breeds is rising.

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PepsiCo sticks to food business game plan

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PepsiCo sticks to food business game plan

Ingredients, portions, nutritional benefits lead product innovation.

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FIFA Weighs 64-Team World Cup Expansion for 2030 as China Eyes Path Back to Global Stage

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Qatar's wealth has attracted Neymar and Lionel Messi to Paris Saint-Germain

FIFA President Gianni Infantino said this week that a proposal to expand the World Cup finals from 48 to 64 teams will be formally reviewed by the organization’s relevant commissioner once the current 2026 tournament concludes, opening a new debate over the future scale of global soccer’s biggest event even before this year’s edition has crowned a champion.

Infantino discussed the potential expansion in an interview with Swiss outlet Blue Sports, saying the next phase of growth for the tournament could be evaluated in time for the 2030 World Cup, which is set to mark the competition’s 100th anniversary. That edition is already scheduled to be held across six countries, with Morocco, Portugal and Spain serving as primary hosts and Uruguay, Argentina and Paraguay each staging a single commemorative match to honor the tournament’s origins in Uruguay in 1930.

The current 2026 World Cup, being co-hosted by the United States, Canada and Mexico, marked the tournament’s first expansion to 48 teams, up from the 32-team format used since 1998. Under the new structure, 12 groups of four teams sent their top two finishers, along with the eight best third-place teams, into an expanded round of 32, pushing the total number of matches from 64 up to 104. Infantino has called the 48-team experiment a success, pointing to figures showing teams from every confederation scored goals and picked up points during the group stage, and noting that nine of Africa’s 10 participating nations advanced out of the group phase. He has argued that widening the tournament’s field gives smaller footballing nations a realistic chance to dream of World Cup qualification, which he says helps sustain development and investment in the sport globally.

A formal competition format for a potential 64-team tournament has not yet been determined. The most straightforward structural option would organize the field into 16 groups of four teams, with winners and runners-up from each group advancing to a round of 32, producing 96 group-stage matches and 32 knockout matches for a total of 128 matches, 24 more than the current tournament. Implementing that format would require FIFA to reassess the overall tournament schedule, player rest periods, the number of host stadiums needed and the travel distances required of participating teams, particularly given the format under consideration would already span six host nations across multiple continents in 2030.

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News of Infantino’s comments quickly spread through Chinese soccer media and online forums, where fans and commentators began speculating about how many additional qualifying slots the Asian confederation might receive under an expanded format. Asia currently holds eight direct qualification slots for the World Cup finals, plus one intercontinental playoff spot; in the current 2026 cycle, Iraq advanced through that playoff route, bringing Asia’s total representation to nine teams. Some Chinese outlets have speculated that Asia’s overall allotment could grow to roughly 11 slots under a 64-team format, a projection that generated significant excitement online even though FIFA has not released any formal continental distribution plan tied to the proposed expansion.

That excitement reflects China’s prolonged absence from the World Cup stage. The Chinese men’s national team has not qualified for the tournament finals since co-hosting the 2002 World Cup alongside South Korea and Japan. Despite the expansion to 48 teams for the current cycle, which significantly increased Asia’s direct qualification slots, China still failed to secure a spot. According to FIFA’s official world rankings released June 11, China sits 91st globally, a position Chinese media outlets have calculated as somewhere between 13th and 15th within Asia alone, depending on the specific ranking methodology and timing used. Even under a hypothetical scenario granting Asia 11 or 12 total slots at a 64-team World Cup, China would not automatically qualify given its current standing.

The Asian nations currently ranked ahead of China remain tightly bunched near the top of the confederation, led by Japan, Iran, South Korea and Australia, followed closely by Uzbekistan, Qatar, Iraq, Saudi Arabia, Jordan, the United Arab Emirates and Oman, with Indonesia, Bahrain and Thailand occupying a similar competitive tier to China. Analysts note that even with additional qualification slots on the table, the outcome of a single qualifying match could still meaningfully shift the competitive order among these closely matched sides.

China’s struggles were not resolved by the current cycle’s expansion either. The final round of Asian World Cup qualifying grew to 18 teams for the 2026 cycle, with additional qualification pathways opened for teams finishing third and fourth in their groups, yet China still failed to advance through that broader structure. Analysts have noted that a larger overall field does not substitute for improvements in the national team’s core fundamentals, including defensive organization, scoring output, youth development pipelines and domestic league competitiveness.

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For other established Asian powers such as South Korea and Japan, the calculus surrounding a potential expansion differs considerably. Both nations have focused less on qualification itself and more on how an enlarged field might affect overall competitiveness once teams reach the finals, with some analysts cautioning that a larger tournament could reduce the intensity of qualifying competition while widening the gap between top-tier teams, who would benefit from extended tournament schedules, and lower-ranked nations gaining wider access to the finals for the first time.

Commercial considerations are also expected to factor heavily into FIFA’s eventual decision. A jump to 128 total matches would meaningfully expand broadcasting rights, advertising inventory and ticket sales opportunities, even as it raises the operational costs and logistical complexity of staging a tournament spread across six host countries in 2030.

With FIFA’s total membership standing at 211 national federations, a 64-team World Cup would mean roughly three of every 10 member nations would qualify for the finals, a shift that would open the tournament’s door to countries for whom a single World Cup appearance has remained a decades-long ambition, while raising fresh questions about how the competition’s overall prestige and quality might be affected by such a significant expansion.

Infantino’s comments this week represent only the opening of that conversation rather than a formal decision. With the 2026 World Cup final still to be played, FIFA has indicated that a formal review of the 64-team proposal, including continental qualification allocations and competition format, will follow only after this year’s tournament concludes, leaving China and other hopeful nations to wait for further clarity on a plan that, for now, remains entirely theoretical.

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JPMorgan Chase, Goldman Sachs, Bank of America

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JPMorgan Chase, Goldman Sachs, Bank of America

(L-R) Brian Moynihan, Chairman and CEO of Bank of America; Jamie Dimon, Chairman and CEO of JPMorgan Chase; and Jane Fraser, CEO of Citigroup; testify during a Senate Banking Committee hearing at the Hart Senate Office Building on December 06, 2023 in Washington, DC.

Win Mcnamee | Getty Images

Expectations are high that when banks start posting second-quarter results Tuesday, led by JPMorgan Chase and Bank of America, revenue from trading equities and fixed income will approach, or even exceed, the records set earlier this year.

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That’s a key part of what veteran analyst Mike Mayo of Wells Fargo calls the “sweet spot” in the financial sector right now. Both of banking’s profit engines — Wall Street and Main Street — are in growth mode at the same time.

The largest U.S. banks are raking in rising fees from helping corporations tap the markets, punctuated by last month’s giant SpaceX IPO, while risk-taking traders are also thriving as geopolitical unrest including the Iran war stokes volatility across asset classes.

“You saw the largest IPO in history, a pace of mergers that’s on track to be a record year, and a broadening out of trading to include equity and fixed income across myriad geographies,” Mayo told CNBC.

The quarter’s big bank earnings come at an unusually favorable moment for the industry. After years of navigating higher interest rates and inflation-fueled recession fears, lenders are benefiting from a rare combination of booming Wall Street activity, resilient consumer credit and a long-awaited pickup in business lending.

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“There’s not much more you can ask for,” Mayo said.

The trends, which coincide with the Trump administration’s push to ease banking regulations, have helped financial stocks outperform the broader market for two straight years, Mayo noted. That streak also raises the stakes as investors look for signs the momentum can continue into 2027.

JPMorgan, Bank of America, Citigroup, Wells Fargo and Goldman Sachs are set to post results early Tuesday, with Morgan Stanley reporting Wednesday.

‘Big money maker’

Investment banking revenue for the group could surge 26% from a year ago, while trading revenue could jump 14%, according to KBW analyst Chris McGratty.

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Besides the hundreds of millions of dollars in fees that SpaceX paid banks — led by Goldman Sachs and Morgan Stanley — for the IPO itself, the firms garnered fees for raising debt for the newly public company, and also have a shot at managing the wealth of newly minted millionaires and billionaires.

On top of that, Goldman and Morgan Stanley likely reaped so-called “soft dollars” from the SpaceX IPO, according to Jay Ritter, professor emeritus of finance at the University of Florida’s Warrington College of Business.

SpaceX CEO Elon Musk, speaks on a screen remotely from SpaceX headquarters in Starbase, Texas, speaks before the launch of SpaceX’s initial public offering (IPO) at the Nasdaq MarketSite in New York on June 12, 2026.

Adam Jeffery | CNBC

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Soft dollars are essentially fees that hedge funds pay investment banks for a slice of an oversubscribed IPO, Ritter said.

“The big money maker for investment banks in IPOs is not the bankers’ fee, but the ability to allocate shares to hedge funds and some active mutual funds that pay soft dollars,” he said.

Meanwhile, trading gains were driven by strength in equities as stock markets climbed during the quarter, as well as heightened activity in fixed income after the Iran conflict sent oil prices, interest rates and currencies swinging, McGratty said.

“Banks are doing a good job these days of capturing the upside of volatility, whereas in previous cycles, they’ve been caught offsides,” McGratty said.

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‘Demand is back’

Construction of a $16 billion data center developed by Related Digital for Oracle and Open AI, in Saline, Michigan, May 6, 2026.

Jim West | Universal Images Group | Getty Images

Consumer banking also appears healthy. Low unemployment has kept borrowers current on mortgages, auto loans and credit cards, limiting losses.

There are still some risks for the quarter, including potential blowups in the private credit realm, even though that concern has subsided for most banks in the absence of new “cockroaches” emerging. JPMorgan CEO Jamie Dimon warned analysts and investors last year after the collapse of subprime car lender Tricolor Holdings that “when you see one cockroach, there are probably more.”

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Another is whether competition over deposits is intensifying, as some players have been forced to pay higher rates to attract and keep savers’ dollars, McGratty said. In an environment where interest rates are steady or rising, that could pressure lender margins.

After two years of market-beating returns, investors are becoming less interested in how strong the last quarter was than whether this unusually favorable backdrop can last.

“We know the quarter’s going to be strong, so I think the question that you ask yourself is around sustainability, right?” McGratty said. “Is it all sustainable?”

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Asian Paints raises prices by 12% due to raw material costs

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Asian Paints raises prices by 12% due to raw material costs

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DP World, maritime union fight over new technology plan in Fremantle

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DP World, maritime union fight over new technology plan in Fremantle

A legal fight between DP World and the union over new crane technology at the Fremantle port has started to play out in the Federal Court.

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Proximity to power shifts calculations

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Proximity to power shifts calculations

Leaked numbers have made government secrets public, and highlight a departure from Labor’s past messaging.

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Form 4 Agco For: 13 July

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Form 4 Agco For: 13 July

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Alto Neuroscience prices $100M stock offering at $26.48

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Alto Neuroscience prices $100M stock offering at $26.48

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Sealife Weymouth remains closed after huge fire

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It said no staff or animals were hurt after a blaze broke out at a nearby electricity substation

A fire near Weymouth Sealife

A fire near Weymouth Sealife(Image: Weymouth Fire Station)

An aquarium in Dorset has temporarily closed to visitors after a fire broke out at a nearby electricity substation on Sunday.

Sealife Weymouth remains shut as “a precaution” on Monday (July 13) although no buildings were affected.

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In a statement, the Merlin-owned attraction said no animals, staff or visitors were hurt and that it would reopen to the public “once it has been confirmed it is safe to do so”.

“If you were due to visit us on this day, please contact us on 01305 761070 to rearrange your visit or request a refund,” Sealife said. “We apologise for any inconvenience and appreciate your understanding.”

Emergency services were called to Preston Beach Road at 3.45pm on Sunday after a reports the substation was on fire and flames had spread to nearby trees and bushes.

A total of 12 firefighters used two hose reels, two main jets and foam to extinguish the fire, which reportedly also caused power to be lost to around 100 nearby properties.

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Firefighters remained on the scene beyond 7.30pm on Sunday, for several hours dampening down.

A spokesperson for SeaLife said: “Following a fire at an electricity substation on land adjacent, the aquarium will remain closed on Monday. The fire was contained to an outside area, and did not spread to the aquarium buildings.

“No employees or guests were harmed by this incident, and all animals remain safe and well in our care. The aquarium will re-open to guests once it has been confirmed it is safe to do so.”

It comes as parts of the UK face an “exceptional” risk for wildfires over the next few days amid record-breaking temperatures.

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The UK Health Security Agency’s amber and yellow heat health alerts, which were due to be lifted on Sunday, are now in effect until 9pm BST on July 15.

Temperatures of 35°C or higher have now been recorded in May, June and July of the same year for the first time in the UK weather record, as heatwave conditions are expected to continue this week, according to the Met Office.

A National Fire Chiefs Council (NFCC) spokesperson said: “When the weather stays hot and dry, it only takes one spark to start a wildfire. What can begin as a small fire can spread incredibly quickly, putting people, homes, wildlife and our countryside at risk.

“We’re asking everyone to take extra care outdoors, whether that’s avoiding disposable barbecues in the countryside, parks or moorlands, or making sure cigarettes are fully extinguished. A few simple actions can make a huge difference and help prevent fires before they start.”

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