A growing corruption scandal in Brazil is threatening to upend the presidential race according to analysis from Stratfor.
Month: June 2026
CBSE Forced to Transfer Top Officials Over Discrepancies in Online Class 12 Evaluation System
Students reported major discrepancies in CBSE’s on-screen marking system prompting political pressure and the transfer of senior board officials.
SpaceX AI Segment xAI Posted 6.36 Billion Dollar Operating Loss in 2025 on 3.2 Billion in Revenue
The xAI segment which includes X recorded a widening operating loss in 2025 but also showed significant revenue growth of 22%.
X Generated Only 1.8 Billion Dollars in Ad Revenue in 2025 Less Than Half of Twitter’s 2021 Peak
SpaceX’s IPO filing revealed X’s advertising revenue had declined to 1.8 billion dollars compared to 4.5 billion in 2021 under Twitter.
Morningstar Flags Concerns Over SpaceX Lofty Valuation Given Current Financials
Research firm Morningstar raised questions about SpaceX’s valuation citing the gap between the company’s current revenues and its market cap.
Larry Page Remains World’s Second Richest at 296 Billion Dollars Far Behind Musk’s New Trillionaire Status
Google co-founder Larry Page is the closest rival to Musk but his 296 billion dollar fortune falls far short of the new trillion-dollar mark.
India’s Government Eliminates Capital Gains Tax for FPIs on Government Securities
In a major move to attract foreign investment India fully removed capital gains tax on income from government security holdings for FPIs.
Trump Administration Spends 750000 Dollars to Charter Private Yacht to Evacuate One American from Pacific Island
The US government chartered a yacht at enormous cost to rescue a single citizen stranded on a remote Pacific island amid a hantavirus outbreak.
Visakhapatnam Steel Plant Explosion Kills Nine Workers Drawing National Attention
An explosion at the Vizag Steel Plant caused the death of nine workers sparking calls for accountability from political leaders.
OpenAI Oracle Partnership Allows Enterprise Clients to Access AI Models via Universal Cloud Credits
Enterprise customers can now deploy OpenAI technology through existing Oracle Universal Credits without a new vendor relationship.