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Bloomberg Quint
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Neeraj Chopra, Arshad Nadeem To Face Off In Silesia Diamond League In Poland
- Neeraj Chopra and Arshad Nadeem are set to face off in the Silesia Diamond League in Poland on August 16, marking their first encounter since the Paris Games in 2024 where Nadeem won with a 92.97m throw.
- Chopra, the double Olympic medallist, will be looking to avenge his silver medal loss in Paris and will compete against Nadeem in the men's javelin event at the Diamond League.
- Both athletes have been active in various competitions since the Paris Games, with Chopra surpassing the 90m mark and Nadeem securing gold in the Asian Championships.
- The upcoming clash between the reigning world champion and Olympic gold medallist is expected to be a highlight of the Silesia Diamond League, offering fans an exciting showdown between the two javelin throwers.
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HinduBusinessLine
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368
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Air India crash points to cockpit confusion as fuel flow cut out
- Preliminary report reveals key details of Air India crash investigation.
- Cockpit confusion as fuel switches manipulated, causing engine failure during takeoff.
- Investigators puzzled over why the critical fuel switches were turned off mid-flight.
- Incident left 241 dead onboard, with questions remaining on cause and crew actions.
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TechBullion
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Gold vs. Cryptocurrency: Where Should You Invest?
- Gold and cryptocurrency are distinct investment options with different appeals and characteristics.
- Gold is a stable, safe-haven asset, while cryptocurrency offers high returns and volatility.
- Understanding their differences and historical performance helps in making informed investment decisions.
- Both assets have unique advantages and risks, catering to different investor preferences and goals.
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TheNewsCrypto
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SHIB Targeting $0.00012 in 2025 — Ozak AI Has Bigger Upside to $1
- Crypto market anticipates dynamic bull run in 2025, with focus on SHIB & Ozak AI.
- SHIB eyes $0.00012, up 900%, while Ozak AI aims for $1 from $0.005.
- SHIB faces resistances at $0.000015, $0.000022, and $0.00003. Ozak AI offers AI-driven utility.
- Comparison shows SHIB's community strength vs. Ozak AI's AI infrastructure potential.
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HinduBusinessLine
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FSSAI warns FBOs furnishing false information will attract penalty
- FSSAI has warned food business operators (FBOs) of penalties for furnishing false information in their annual returns, which are filed through the online FoSCoS portal.
- The annual returns capture key information including mandatory production details and non-mandatory compliance-related data. Licensing authorities are urged to scrutinize the submissions for accuracy.
- FBOs can now revise and update information submitted in annual returns to rectify mistakes. Furnishing false information may lead to penalties under the FSS Act of 2006.
- All FBOs are reminded of the importance of submitting accurate and complete information in their annual returns, and advised to make corrections promptly to avoid penalties.
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HinduBusinessLine
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230
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Air India to review preliminary plane crash report with pilots
- The preliminary report on the Air India plane crash revealed that the fuel supply to both engines was cut off simultaneously, leading to the tragic accident.
- The crash, which occurred on June 12 and resulted in the death of 242 passengers and 19 individuals on the ground, is considered the deadliest aviation accident in a decade.
- Air India's Senior Vice-President for flight operations communicated with pilots to emphasize learning from the incident to enhance safety measures and prevent future tragedies.
- The investigation report has raised questions among aviation experts and pilot associations regarding the fuel control switches, cockpit recordings, and transparency in the investigation process.
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HinduBusinessLine
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Taiwan’s CTBC Bank to set up IBU in GIFT City
- Taiwan's CTBC Bank has proposed to set up an IBU in GIFT City by taking over space in Brigade Towers.
- CTBC Bank already has a presence in India with its first branch established in New Delhi in 1996.
- Taipei Fubon Bank also received approval to establish an IBU in GIFT City, aiming to serve Taiwanese businesses and local enterprises.
- The trend of international banks setting up IBUs in GIFT City is growing, with banks from UAE and France also making similar applications.
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HinduBusinessLine
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Mechanical, electrical issues could also have led to change in fuel switch positions in ill-fated AI plane: Experts
- Experts suggest that mechanical and electrical issues could have led to the change in fuel switch positions in the ill-fated Air India plane that crashed in June.
- The preliminary report mentions that the fuel switches of Engine 1 and 2 were cut off and turned on before the crash, with questions arising about why the switch positions were altered.
- The investigation will focus on determining whether the switch position change was due to mechanical failure, intentional actions, unintentional errors, or software glitches.
- Further inquiries in the coming months will aim to uncover the reasons behind the fuel switch alterations, with insights from cockpit voice recordings suggesting confusion among pilots about the switch positions.
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Bloomberg Quint
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968
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Fractal Analytics Fundraising: IPO-Bound AI Firm Raises $150 Million At $2.44 Billion Valuation
- Fractal Analytics, an AI firm, raised $150 million in a secondary transaction from investors like Trust Investment Advisors and White Oak Capital, valuing the company at $2.44 billion.
- The funds were raised through the sale of a 6% stake by the existing investor Apax Partners to buyers including multiple funds advised by Trust Investment Advisors, White Oak Capital Management, Gaja Capital, and Neo Asset Management.
- Fractal Analytics offers AI and analytics services to Fortune 500 companies in various sectors and owns products like Asper.ai, Analytics Vidhya, and Qure.ai.
- The transaction was facilitated by Saraf and Partners advising the investors, AZB & Partners and Kirkland & Ellis advising Apax, and Shardul Amarchand Mangaldas & Co. representing Fractal.
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Bloomberg Quint
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276
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Treasuries Hit By Second Week Of Declines On Inflation Jitters
- US Treasuries experienced a second week of losses with concerns over inflation resurfacing, leading to rising yields across the curve.
- Investors are worried about inflation due to Trump's tariff threats and increasing oil prices, despite expectations of the Federal Reserve cutting interest rates later this year.
- Government bond volatility has decreased, with the ICE BofA MOVE Index falling to its lowest level since January 2022.
- Interest-rate swaps suggest potential Fed rate cuts this year, with uncertainty about the timing, while policymakers are monitoring inflation concerns amid tariff threats.
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TheNewsCrypto
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Flip $300 Into $15,000 With This Tiny AI Gem Before It Explodes
- Ozak AI, an AI-focused blockchain project, offers potential for high returns.
- With presale price at $0.005, a $300 investment could turn into $15,000.
- Ozak AI integrates AI into decentralized economic ecosystems, presenting real use cases.
- The project offers unique components like Ozak Stream Network and Prediction Agents.
- Ozak AI's utility in DeFi and predictive intelligence sectors supports long-term growth.
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Bloomberg Quint
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58
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Trump Says US To Impose 30% Tariffs On EU, Mexico Next Month
- President Trump announced 30% tariffs on the European Union and Mexico, effective August 1, if they do not negotiate better terms.
- Trump has been sending out letters to countries this week, adjusting proposed tariff levels from April and encouraging further negotiations.
- The EU's hopes for a tentative deal with the US were dampened by Trump's letter, which emphasized the need for open market access.
- In his letter to Mexico, Trump criticized the country for not doing enough to stop drug cartels from turning North America into a 'Narco-Trafficking Playground.'
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Medium
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I Made $300/Day Selling ChatGPT Templates on Gumroad – No Followers, No Ads
- Selling AI templates on Gumroad without needing an email list or audience has proven to be profitable, with earnings averaging around $300 a day.
- By offering ChatGPT prompt packs for various niches like cold email templates, content creation workflows, and productivity tools, individuals are willing to pay $50-$200 for time-saving solutions.
- The step-by-step process involves selecting a profitable use case, creating templates using tools like Notion and Google Docs, setting a price point, and leveraging free communities like Reddit, Quora, and Facebook groups for promotion.
- This method requires no ads, no inventory, and minimal social media presence, making it an accessible opportunity for beginners to generate income using AI and a strategic system.
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Blackenterprise
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18
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From Sprinter To CPA Partner: Durran Dunn Talks Discipline & Paying It Forward
- Durran Dunn's journey from track athlete to CPA partner at Bennett Thrasher and his unconventional path to professional success were discussed in a July 9 episode of the Journal of Accountancy podcast.
- Growing up in Jamaica and transitioning to the U.S., Dunn pursued accounting alongside his track career in college, showing discipline and dedication.
- Dunn, now a leader in Risk Advisory Services, credits his athletic background for shaping his work ethic and emphasizes the importance of mentoring and diversity in the accounting field.
- Recognized by Forbes as one of the top 200 CPAs and recently launching his website, Dunn aims to inspire and empower others while emphasizing the values of discipline, problem-solving, communication, and continuous learning.
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