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Strategy Swings to $8.2B Loss as Bitcoin Slump Weighs on Holdings

Strategy reported a net loss of US$8.22 billion for the second quarter, against net income of US$10.02 billion a year earlier, in results filed after the US close on Thursday. An unrealised loss of US$8.32 billion on its Bitcoin drove the swing, compared with a US$14.05 billion gain in the same quarter of 2025. Company

Gwalior Telecom Manufacturing Zone to attract ₹12,000 crore investment: Scindia

In this image posted on July 30, 2026, Union Communications Minister Jyotiraditya Scindia and Madhya Pradesh Chief Minister Mohan Yadav after signing an MoU between the Department of Telecommunications (DoT) and the Madhya Pradesh government for setting up India's first Telecom Manufacturing Zone (TMZ) in Gwalior, in New Delhi. | Photo Credit: Via PTI Photo

Big Tech AI spending spree tops $1tn

For help please visit help.ft.com. We apologise for any inconvenience. The following information can help our support team to resolve this issue. Reason Challenge Request ID a2802d52998b3d21 Status Code 403

US Completes First Sales Of Venezuelan Oil

The United States has completed the first sales of Venezuelan crude oil under a recently agreed $2 billion energy deal with Caracas, a US administration official told Reuters on Wednesday. The initial transactions were valued at about $500 million and marked the opening phase of the broader agreement reached earlier this month between Washington and

Allwyn Completes $1.53B PrizePicks Deal

Allwyn has taken another decisive step in its push to expand its global reach after acquiring a majority share in daily fantasy sports operator PrizePicks. The deal gives the lottery giant a 62.3% holding in one of North America’s fastest-growing sports entertainment brands, marking a significant expansion of Allwyn’s footprint in the United States. PrizePicks

Assistant ref completes 500th Premier League game

Stuart Burt has officiated in Premier League, European and international matches [Getty Images] An assistant referee has told of his pride at becoming one of only four officials to reach 500 Premier League games. Stuart Burt, from Northampton, began refereeing in 1996 before joining the Football League as an assistant referee in 2006. He spent

Terex Completes Sale of Tower and Rough Terrain Cranes Businesses

/PRNewswire/ -- Terex Corporation (NYSE: TEX) today announced completion of its sale of Terex® Tower and Rough Terrain Cranes businesses to Raimondi Cranes SpA, a global manufacturer of cranes based in Milan, Italy. Included in the divestiture are manufacturing operations and facilities in Fontanafredda and Crespellano, Italy, and the Terex North America Cranes service

XDC Network Completes First DeFi Surge Program with TVL Doubling to $24 Million

TLDR: XDC Network deployed $1.25 million in WXDC rewards through Merkl distribution during the eight-week campaign period. Total value locked doubled from approximately $12 million to $24 million despite challenging broader market conditions. Stablecoin pools scrvUSD/USDC and ynRWAx/USDC on Curve Finance attracted capital focused on real-world assets. Epoch 002 in 2026 will enable XDC as

Kwara govt completes 120km roads in two years —Commissioner

Tribune Online Kwara govt completes 120km roads in two years —Commissioner Kwara State Government has said that it has completed at least 120 kilometres of roads between 2023 and now, apart from hundreds of kilometres of roads that are ongoing. Kwara govt completes 120km roads in two years —Commissioner Tribune Online...

Air India completes inspection of Boeing 787, 737 planes | What the airline said

Updated on: Jul 22, 2025 01:54 pm IST The inspection was mandated by the DGCA on July 14 in the wake of the deadly crash of an Air India aircraft in Ahmedabad last month. Air India on Tuesday said that it has completed precautionary inspections on the locking mechanism of the Fuel Control Switch (FCS)

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Strategy Swings to $8.2B Loss as Bitcoin Slump Weighs on Holdings

Strategy reported a net loss of US$8.22 billion for the second quarter, against net income of US$10.02 billion a year earlier, in results filed after the US close on Thursday. An unrealised loss of US$8.32 billion on its Bitcoin drove the swing, compared with a US$14.05 billion gain in the same quarter of 2025. Company

Gwalior Telecom Manufacturing Zone to attract ₹12,000 crore investment: Scindia

In this image posted on July 30, 2026, Union Communications Minister Jyotiraditya Scindia and Madhya Pradesh Chief Minister Mohan Yadav after signing an MoU between the Department of Telecommunications (DoT) and the Madhya Pradesh government for setting up India's first Telecom Manufacturing Zone (TMZ) in Gwalior, in New Delhi. | Photo Credit: Via PTI Photo

Big Tech AI spending spree tops $1tn

For help please visit help.ft.com. We apologise for any inconvenience. The following information can help our support team to resolve this issue. Reason Challenge Request ID a2802d52998b3d21 Status Code 403

Situational Awareness fund’s $16B liquidation prompts Wall Street to bet AI trade has bottomed

A 24-year-old former OpenAI researcher just became Wall Street’s most expensive cautionary tale. Leopold Aschenbrenner’s Situational Awareness LP hedge fund sold its entire public equity portfolio, roughly $16 billion worth of AI stocks, to Citadel in a single block trade this month after its leveraged bets cratered. From moonshot to meltdown Situational Awareness launched in

Strategy Posts $8.22B Q2 Loss as Bitcoin Holdings Climb to 843,775 BTC

TLDR: Strategy posted an $8.22 billion net loss in Q2 2026 from bitcoin fair value changes. Bitcoin holdings reached 843,775 BTC as of July 26, up 25% year to date in 2026. Convertible debt fell to $6.71 billion after Strategy repurchased notes at a discount. USD Reserve grew to $3.75 billion...