Top Business Headlines
Japan Airlines CEO takes 30% pay cut after cabin crew drank before flight
Japan Airlines CEO Mitsuko Tottori will take a 30% pay cut for two months to "demonstrate accountability" for a worker misconduct incident, Business Insider reported. Two cabin operations executives will also take 20% pay cuts for one month. The action follows an incident in which two cabin attendants consumed alcohol the day before a domestic flight, violating company policy.
What is known about the secret society of billionaire Peter Thiel?
'Dialog' is an invite-only society founded by billionaire Peter Thiel for influential figures in politics, finance and tech. Leaked documents reviewed by WIRED show 'Dialog' ranks members by wealth and fame, tracks their relationships and uses algorithms to decide who should meet whom. Alongside sessions such as "Navigating WWIII" and "How's Your Sex Life?", it also offers a matchmaking service.
Who could become richer from NSE's mega IPO?
Billionaire Azim Premji's stake in NSE could be worth about $1.2 billion if the exchange lists at around ₹2,020 per share in its upcoming IPO, Bloomberg reported. Veteran investor Radhakishan Damani's holding could be worth around $835 million. Other investors poised for gains include Hero Group's Sunil Kant Munjal, Narayana Murthy's family office and the Haldiram's founding family.
Fortune 500 firms post record $2.1 trillion profit as workforce shrinks by 301,000
The Fortune 500 companies, the largest US firms by revenue, generated a record $21 trillion in revenue and $2.1 trillion in profits in 2026. However, their combined workforce declined for the second consecutive year to 30.5 million employees, a drop of 301,049 jobs. The decline was largely driven by companies that fell off the list after being taken private.
Josh Brolin, other Hollywood stars attended billionaire Thiel's secret society
Hollywood actors, including 'Avengers: Infinity War' star Josh Brolin and 'The Dark Knight Rises' actor Joseph Gordon-Levitt, attended billionaire Peter Thiel's secret invite-only society, 'Dialog', according to a Swiss independent researcher. Levitt admitted his attendance and said, "I've been to two Dialog conferences. But I do not know Peter Thiel. I've never met him."
Ubisoft Co-founder Claude Guillemot dies in plane crash
Claude Guillemot, co-founder of video-game publisher Ubisoft Entertainment, has died in a plane crash at the age of 69. The aircraft carrying Guillemot and another passenger reportedly crashed into a field and burst into flames in western France. Guillemot founded Ubisoft, known for franchises such as Assassin's Creed and Far Cry, with his four brothers in 1986.
Who is Nobel laureate John Jumper, who exited Google DeepMind for Anthropic?
Chemist and computer scientist John Jumper, who won the 2024 Nobel Prize in Chemistry for their work developing AlphaFold, announced that he is leaving Google DeepMind to join Anthropic. After nearly nine years at the company, Jumper will be leaving his role as VP, Engineering Fellow. He started as a Research Scientist in 2017 and became Director in 2023.
ED auctions ₹159-crore Heera Group properties in ₹6,000-crore investment scam
The Enforcement Directorate (ED) has auctioned properties worth ₹159 crore belonging to Heera Group, its founder Nowhera Shaik, and related entities. The company allegedly raised over ₹5,978 crore from investors by promising annual returns of 36%, but failed to repay even the principal amounts. The agency arrested Nowhera in Gurugram last month.
80 million barrels of oil await Hormuz crossing amid US-Iran deal
Supertankers carrying nearly 80 million barrels of oil are waiting in the Persian Gulf before crossing Strait of Hormuz after US and Iran signed an MoU to end Middle East conflict, Bloomberg reported. The 40 very large crude carriers are loaded with non-sanctioned crude from Gulf producers. Tankers are waiting for signs that the key shipping route will remain open.
RBI MPC minutes flag inflation risks despite rate hold
RBI’s June Monetary Policy Committee (MPC) minutes show policymakers kept the repo rate unchanged at 5.25% with a neutral stance, citing global uncertainty. While inflation remains under control, members flagged risks from energy prices, supply disruptions and geopolitical tensions. Governor Sanjay Malhotra warned of possible inflation spillovers from West Asia and urged continued vigilance.