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The financial winners and losers from the World Cup

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Fifa President Gianni Infantino speaking at a press conference

The 16 host cities across the US, Canada and Mexico have been welcoming an influx of fans and tourists boosting hospitality, hotels and local businesses.

But while the Scots drank Boston dry and have won the heart of the city and its people, experts say the long-term economic benefits are minimal.

Fifa estimated some $41bn would be added to the global economy, of which $17bn would boost the US economy alone, with 185,000 jobs created, mostly in hospitality and accommodation.

But Alexander Budzier, a fellow in management practice at Oxford University and chief executive of project management company Oxford Global Projects, says the long-term economic benefits of hosting such a big sporting event just do not materialise.

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Host cities actually typically see a big drop in visitors, he says, as many seek to avoid the tournament chaos.

And while there may be a spike in hiring, he argues it is typically only for lower-paid jobs in hospitality. “It creates jobs, but it does not create wealth,” he says.

Official figures show that hiring in US pubs, bars and restaurants ramped up ahead of the tournament in May, but the boom was short-lived.

The only “worthwhile” economic benefit, Budzier argues, is the regeneration projects that can be done, such as the redevelopment and housing built in Stratford in London following the 2012 Olympic Games.

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But due to much of this World Cup using existing stadia, hotels, training complexes and travel infrastructure, “there won’t be any economic benefits from development”.

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At 42x subscription, SBI Funds IPO draws record buzz

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At 42x subscription, SBI Funds IPO draws record buzz
Mumbai: The ₹9,813-crore initial public offering (IPO) of SBI Funds Management, India’s biggest asset manager by some distance, is a tale of multiple eye-popping superlatives. The biggest IPO of 2026 is also the most subscribed ever among billion-dollar domestic issues, with investors bidding nearly 42 times the shares on offer by the money manager that oversees about ₹12.5 lakh crore in mutual fund assets.

In total, buyers placed bids for 5.19 billion shares in the issue against 124.5 million shares offered by the State Bank of India (SBI) subsidiary. In terms of the value of bids received, the issue drew allotment applications worth ₹2.97 lakh crore. The Qualified Institutional Buyers (QIBs) portion received the highest subscription – at 140.11 times the stock on offer. The Non-Institutional Investors (NIIs) subscribed 22.51 times of their reserved portion, while retail investors subscribed 3.6 times.

At 42x Subscription, SBI Funds Mgmt IPO Draws Record BuzzAgencies

Grey Market Premium
The employee reserved category and the portion reserved for shareholders of its parent company, SBI, were subscribed 4.65 times and 9.52 times, respectively. Among the 13 issuances raising more than $1 billion since 2020, SBI Funds’ IPO received the maximum number of bids, followed by LG Electronics India‘s October 2025 issue that was subscribed 38 times, data from primedatabase.com showed.In terms of value or amount of bids received, SBI Funds ranks third – after peer ICICI Prudential Asset Management at nearly Rs 2.99 lakh crore, and LG India’s Rs 4.4 lakh crore, which tops the charts. “The robust subscription levels bode well for the primary market as a whole and point to the possibility of healthy listing gains as well,” said Pranav Haldea, Managing Director, Prime Database Group.

First of Many?
SBI Funds’ issue may kick off the arrival of other large main-board issuances, such as those by Manipal Health Enterprises and Zepto, in the coming weeks.

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Toyota sued over claims it tracked users after rejecting cookies

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Toyota sued over claims it tracked users after rejecting cookies

Toyota is the latest company facing a lawsuit over its website’s use of online tracking technology — aka cookies — highlighting a growing legal risk for businesses that rely on digital advertising and consumer data.

A proposed class action filed Wednesday in Los Angeles County Superior Court accuses the automaker of continuing to track visitors to Toyota.com even after they declined third-party cookies, allegedly violating California privacy law.

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Lead plaintiff Brittany Conner alleges Toyota installed tracking technology on users’ devices despite their opting out through the website’s cookie consent banner. 

According to the complaint, the technology allowed third parties to collect browsing activity, device information, online identifiers and other data used for targeted advertising.

TOYOTA TO INVEST $3.6B IN PLANT EXPANSION, WILL SHIFT TACOMA PRODUCTION FROM MEXICO TO TEXAS

Toyota Motor Corp's logo is pictured at its dealership in Tokyo

The lawsuit alleges Toyota installed tracking technology on users’ devices despite their opting out through the website’s cookie consent banner.  (Kim Kyung-Hoon/Reuters, File / Reuters)

The lawsuit alleges the tracking relied on a practice known as “fingerprinting,” which can identify internet users by combining information about their devices and browsing activity, even when traditional tracking cookies are rejected.

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Toyota’s website presents visitors with a consent banner offering the option to accept or decline cookies and similar tracking technologies. The lawsuit alleges the company nevertheless deployed tracking tools after users selected “decline.”

Ticker Security Last Change Change %
TM TOYOTA MOTOR CORP. 179.76 +2.84 +1.61%

The case comes as businesses across industries face mounting litigation under the California Invasion of Privacy Act, or CIPA, a 1967 law originally enacted to prohibit wiretapping. In recent years, however, plaintiffs have increasingly used the statute to challenge website tracking technologies and other online data collection practices.

APPLE ACCUSES OPENAI OF TELLING RECRUITS TO BRING APPLE PROTOTYPES TO INTERVIEWS

The outside of a new Toyota dealership in San Bernardino, California.

Toyota is the latest company facing a lawsuit over its website’s use of online tracking technology. (Terry Pierson/The Press-Enterprise via Getty Images / Getty Images)

According to privacy compliance firm OneTrust, more than 800 CIPA lawsuits were filed in 2025, targeting companies over technologies that plaintiffs argue collect consumer data without users’ consent.

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Several companies have recently resolved similar claims. Forbes Media agreed in May to pay $10 million to settle a proposed “trap and trace” class action, while the Los Angeles Times agreed to a $3.85 million settlement. 

DraftKings and the NFL have also been sued over alleged website tracking practices.

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Conner is represented by Pacific Trial Attorneys. The firm did not immediately respond to FOX Business’ request for comment.

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Toyota did not immediately respond to FOX Business’ request for comment.

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Nephros, Inc. (NEPH) Discusses Evolving Water Safety Strategies and Expansion Beyond Filtration Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Robert Banks
President, CEO & Director

I’m really super excited about this. I got a few more people still logging in, so I’m going to pause just a little bit while we get those last few stragglers logged in. So good stuff, good stuff. So welcome to the Nephros investor event. Thank you for taking the time to join us today and for your interest in Nephros.

Whether you’ve been a shareholder for years or just beginning to learn about the company, I hope you leave today’s event with a much deeper understanding of who we are, why we exist and perhaps most importantly, where we’re headed.

Because today’s event isn’t really about filters, it’s about water. Water is necessary for life. Clean, safe water is fundamental to health. And yet most people don’t think about it until something goes wrong. When water quality fails, the consequences can be significant.

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Patients become ill, buildings can shut down, equipment can fail, businesses lose confidence, trust is lost. At Nephros, our purpose is simple. We purify water where it matters most. That includes hospitals, dialysis clinics, commercial buildings, laboratories, food service and many other environments where water quality has real consequences for patients, customers, caregivers, equipment, operations, ultimately, trust.

The interesting thing that the market around us is just changing so rapidly. Just a few years ago, most conversations centered around legionella. Today, the discussion is much broader. Customers are thinking about opportunistic premise plumbing pathogens, biofilm, antibiotic-resistant organisms, PFAS, lead, aging infrastructure and increasingly micro and nanoplastics.

The

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Form 4 Paysign Inc For: 16 July

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Form 4 Paysign Inc For: 16 July

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Intuitive Surgical, Inc. (ISRG) Q2 2026 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript