Business
Saibari’s Stunner Sinks Scotland, Sends Morocco to Brink of World Cup Knockouts
BOSTON — Morocco defeated Scotland 1-0 in Group C at the World Cup on Friday, as an early goal from Ismael Saibari proved to be the difference and left the Tartan Army’s hopes of reaching the knockout stage hanging in the balance heading into a decisive final group match against Brazil.
Saibari was played through by Brahim Díaz shortly after kickoff, before the PSV Eindhoven man took it down and fired past Angus Gunn at the far post. And while both sides had chances in the second half, an equalizer never came, leaving the North African side all but certainly through to the knockouts, while the fate of Steve Clarke’s side remains uncertain.
The Fastest Goal of the Tournament So Far
The speed of Morocco’s breakthrough stunned a Boston Stadium crowd that had arrived hoping to witness history. Ismael Saibari scored the fastest goal of the World Cup 2026 so far after just 71 seconds as Morocco beat Scotland 1-0 to close in on a place in the knockout rounds. Saibari scored in Morocco’s opening 1-1 draw with Brazil last weekend, and his clinical finish with just over a minute gone settled a hard-fought, physical contest.
A crowd of 64,146 fans turned up at the venue in Massachusetts to witness the result. Saibari’s clinical finish after 70 seconds from Brahim Diaz’s lofted pass proved enough for the Atlas Lions, who had much the better of the contest and struck the woodwork when Jack Hendry blocked Saibari’s second-half shot.
A Goal Born From a Defensive Lapse
Scotland’s nightmare start traced directly back to a moment of vulnerability at the back. Steve Clarke’s side knew victory would guarantee a place in the knockout stages of a major tournament for the first time, but they were rocked after just 70 seconds. Grant Hanley was caught out and Ismael Saibari took advantage with a clinical strike fired into the top corner. He almost made it two as the Scots struggled to find their composure in the early going at Boston Stadium.
Disputed Penalty Decisions
Scotland’s frustration mounted as the match progressed, with the Tartan Army twice appealing unsuccessfully for spot kicks that might have offered a route back into the contest. John McGinn appealed for a penalty not long after the restart after being brought down by Neil El Aynaoui, but it was deemed a fair challenge by the referee. Later in the match, Scott McTominay was also brought down inside the box, with that appeal likewise turned down.
Scotland took 46 minutes to create their first shot of the match, a stark illustration of how thoroughly Morocco controlled proceedings for long stretches of the contest.
Morocco’s Continued Attacking Threat
Even with a one-goal cushion, Morocco continued to press for a second goal that would have settled the contest beyond doubt. Morocco hit the woodwork five minutes into the second half as Saibari met a cutback by El Khannouss, and his attempt was deflected onto the bar by Jack Hendry. Moments later, Gunn made a fine stop to keep out an El Khannouss header from a corner, ensuring Scotland remained within a single goal heading into the closing stages.
Scotland’s Tactical Setup
Manager Steve Clarke made several changes to his starting lineup in an effort to shore up the defense against a technically superior Moroccan side. Moroccan coach Mohamed Ouahbi went with an unchanged starting lineup following the Brazil clash, but opposite number Steve Clarke made three changes. Clarke sought to reinforce his defense, meaning striker Lawrence Shankland dropped out as defender Kieran Tierney came into the side to make a back five. But that was of little use as Morocco went ahead practically from kickoff.
Defender Scott McKenna was out with a calf injury for Scotland, who brought in Kieran Tierney, Nathan Patterson, and Ryan Christie. Aaron Hickey, Ben Gannon-Doak, and Lawrence Shankland made way as a result.
Saibari’s Rising Profile
Beyond the result itself, Saibari’s performance further elevated his standing as one of the tournament’s breakout individual stars and reinforced reports of his impending move to one of European football’s biggest clubs. The 25-year-old, who was born in Spain and raised in Belgium, is reportedly on the brink of a $63 million transfer from Dutch champions PSV Eindhoven to Bayern Munich. The quality of his strike past goalkeeper Angus Gunn showed why he is attracting such interest, and it was telling that Scotland lacked the same quality in the opposition box — helping explain why Morocco are ranked fifth in the world, and Scotland 40th.
A Painful Historical Echo
The defeat carried a degree of historical resonance for Scottish supporters, given the team’s only previous World Cup meeting with a similarly daunting South American or European opponent. Scotland were a little unfortunate not to take a point when they faced Brazil in their first game at their last appearance at the finals in 1998, when Tom Boyd’s 74th-minute own goal decided the match.
Pundit Assessment
Former player and current analyst Steve Nicol offered a blunt verdict on Scotland’s overall performance in the aftermath of the result, suggesting the outcome reflected the genuine gap in quality between the two sides on the night.
Where the Group Stands
The result leaves Scotland on three points following their opening win over Haiti, with Morocco, who drew with Brazil, on four. The Selecao and Grenadiers meet in their second matches of the tournament at 01:30 BST on Sunday, a result that will further shape the picture in Group C heading into the decisive final round.
Another win here would have secured progress from Group C for Morocco, but their chances of going further remain up in the air going into their next match against Brazil in Miami next Wednesday. Both teams play their final games of the group stage on Wednesday.
Scotland now needs a result against Brazil to have a chance of progression, setting up a must-win or must-draw scenario for Steve Clarke’s side in their bid to reach the knockout stage of a major tournament for the first time in the nation’s history. Having already faced Brazil once before at a World Cup — in that narrow 1998 defeat — Scotland will look to that history for any source of encouragement as they prepare for what now amounts to a win-or-go-home final group match in Miami.
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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in ITWO over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
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BSE subsidiary ICCL adopts new brand identity as BSE Clearing
The company said the transition marks a significant milestone in strengthening alignment with parent entity BSE Ltd and reinforces its role within the broader BSE ecosystem.
BSECL will continue to provide clearing, settlement and risk management services across the equity, equity derivatives, currency derivatives, debt, commodity, mutual fund, electronic gold receipt (EGR) and securities lending and borrowing (SLB) segments, among others.
The company said it remains committed to ensuring financial market stability, efficient collateral management and the highest standards of regulatory compliance as mandated by the Securities and Exchange Board of India (SEBI).
“The transition from ICCL to BSE Clearing Limited reflects our strong alignment with the BSE brand and our role as a trusted pillar of India’s financial market infrastructure. Over the years, we have built robust clearing, settlement, and risk management capabilities that support market integrity and investor confidence,” said Vaisshali Babu, Managing Director and Chief Executive Officer of BSE Clearing Limited.
“As we embark on this new chapter, we remain steadfast in our commitment to operational excellence and regulatory compliance while supporting the long-term resilience of India’s capital markets,” she added.
According to the release, the rebranding will have no impact on the corporation’s operations, legal obligations, contracts or service commitments towards members, participants and stakeholders.All existing agreements, memberships and regulatory registrations will continue without interruption, the company said.
BSE, Asia’s oldest stock exchange, is also the world’s largest exchange by number of listed companies. Over the years, it has played a key role in the development of India’s capital markets and serves as a major platform for companies raising capital. Its benchmark index, the Sensex, is widely tracked by domestic and global investors as a gauge of Indian equity market performance.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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MAHA SNAP restrictions on junk food could change spending

The growing push to restrict Americans from using federal food aid to buy certain processed or sugary products is creating a new challenge for some of the biggest U.S. food and beverage companies.
The U.S. Department of Agriculture as of May had approved food restriction waivers for Supplemental Nutrition Assistance Program benefits in 23 states, affecting roughly one-third of all SNAP participants, according to Numerator. The research firm estimates the restrictions could reduce food and beverage sales by as much as $830 million this year as consumers either shift spending to approved products or cut back overall.
Kroger CEO Greg Foran said on the company’s first-quarter earnings call on Thursday that customers remain under pressure in part due to reduced SNAP benefits, as well as higher gas prices, “squeezing budgets.”
“Customers are managing spend carefully and shopping with real intent,” Foran said.
Most waivers focus on limiting consumption of sugar-sweetened beverages and confectionery products, signaling a targeted approach rather than broad food restrictions. As the movement spreads, it’s forcing major packaged food companies to monitor shopper behavior and assess whether they need to remake product lines — though many of them have already been changing what they offer after consumer habits shifted in recent years.
Iowa recently became the first state to codify elements of the “Make America Healthy Again,” or MAHA, movement into law, approving legislation that targets artificial food dyes, ultra-processed foods in school and purchases made through SNAP.
“Altogether, this bill advances the health and wellness for every Iowan today and for generations to come,” said Iowa Gov. Kim Reynolds when she signed the measure last month.
She added the law helps “refocus federal food assistance programs on the actual purpose for which they were created: helping low-income families afford nutritious food.”
Attendees are greeted with”Eat Real Food” placards as they gather for U.S. Health and Human Services (HHS) Secretary Robert F. Kennedy, Jr. and Agriculture Secretary Brooke Rollins to announce new nutrition policies at the Department of Health and Human Services in Washington, D.C., U.S., January 8, 2026.
Jonathan Ernst | Reuters
The law bans several synthetic dyes, including Red 40 and Yellow 5, from most K-12 school meals and vending machines, while also restricting SNAP recipients from using benefits to buy products such as soda and candy.
Navigating the MAHA era
Many food companies aren’t waiting to see how policies evolve.
At a Goldman Sachs conference in May, Hershey said it has researchers in Texas conducting in-store interviews with shoppers who receive SNAP benefits to understand how purchasing behavior is shifting under new restrictions in the state.
“We’ve observed some consumer uncertainty at the register as new restrictions take effect,” a Hershey spokesperson told CNBC. “We anticipate this will improve as store execution improves, rules become clearer, and SNAP users can plan and budget with more certainty.”
The company is studying everything from product substitutions to budget tradeoffs, offering an early glimpse into how major food manufacturers are preparing for a potentially significant shift in consumer demand.
Many of the products most exposed to the changes are produced by some of the largest companies in the industry like Kraft Heinz, PepsiCo, Coca-Cola, General Mills, Nestle and others.
J.M. Smucker CEO Mark Smucker, however, told CNBC he expects the SNAP policy changes to have a more muted impact.
“I would say the current environment isn’t really that different than what we’ve seen over time, and thus far some of the modifications have really had no meaningful impact to our business,” he said.
Still, the company’s Hostess products like Twinkies and Donettes — the latter of which saw net sales grow 13% in the latest quarter, according to the company — may be impacted under broader state restrictions on “highly processed snacks.”
Current SNAP waivers in states like Texas focus primarily on candy and sugary drinks, not snack cakes. However, some states have proposed broader definitions that could eventually encompass packaged desserts and sweet baked goods.
At the same time, fewer Americans are even receiving the benefits. One analysis estimates 3.5 million people have lost their SNAP aid since President Donald Trump last year signed a sweeping bill that restricts eligibility for SNAP, among other changes.
Many U.S. households have found it harder to pay for groceries following the changes. The restrictions have also meant fewer dollars flowing to major businesses.
Walmart is particularly exposed to SNAP spending, capturing roughly a quarter of all SNAP grocery dollars nationwide, according to Numerator. Kroger, Costco and Amazon follow at about 8%, 6% and 5%, respectively.
The curbs on what consumers can buy with federal assistance are only one shift food companies are watching.
At a hearing of the Senate Committee on Health, Education, Labor and Pensions in April, Health and Human Services Secretary Robert F. Kennedy Jr. went as far as to say he “would support” a ban on junk-food television advertising. The department has not yet taken steps to introduce such a ban.
Responding both to Kennedy’s MAHA initiative and shifting consumer tastes, food manufacturers have also accelerated efforts to reformulate products and reduce synthetic ingredients in products like Kool-Aid, Fanta, Doritos and Flamin’ Hot Cheetos, which contain dyes like Red 40 and Yellow 5.
General Mills, Kraft Heinz and Target have all pledged to phase out certain artificial colors and additives by 2027 or sooner.
Nestle announced Monday it achieved its commitment on time to fully eliminate Food, Drug & Cosmetic colors from its U.S. food and beverage portfolio.
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Stock Market Holiday: BSE, NSE closed on June 26 sets up extended weekend for Dalal Street
A total of 16 stock market holidays have been scheduled for 2026, out of which nine have already passed.
Following next week’s closure, the next market holiday will fall on Monday, September 14, for Ganesh Chaturthi. In the second half of the year, markets will also remain closed on October 2 for Gandhi Jayanti, October 20 for Dussehra, November 10 for Diwali Balipratipada, November 24 for Guru Nanak Jayanti and December 25 for Christmas, which will be the final market holiday of 2026.
Will MCX be closed?
Meanwhile, Multi Commodity Exchange of India will remain closed during the morning session on June 26 but will resume trading in the evening session. According to MCX’s annual trading calendar, the exchange has 16 trading holidays in 2026, with either partial or full-day closures.
The National Commodity & Derivatives Exchange Limited will remain shut for both trading sessions on the same day.
Stock Market Holidays 2026
In 2026, four key holidays fall on weekends and therefore will not lead to additional market closures. These include Mahashivratri on February 15 and Eid-Ul-Fitr on March 21, both of which have already passed, along with Independence Day on August 15 and Diwali Laxmi Pujan on November 8.
Diwali Laxmi Pujan will fall on a Sunday this year, though exchanges will conduct the customary Muhurat Trading session on November 8. The timings for the special one-hour session will be announced closer to the date. Independence Day, meanwhile, falls on a Saturday.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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