FIFA said it plans to set up a $20 billion subsidiary to run the World Cup and other events, and may sell up to 20% of the unit to outside investors to raise as much as $4.2 billion. The proceeds would fund an optional programme offering member associations up to $20 million in one-off support, rising to $24 million in the 2035–2038 cycle, for projects spanning infrastructure, coaching and women’s football. The plan does not involve direct trading of traditional financial assets or changes to regulation.

Persistent unseasonal rain in Brazil’s main coffee belt during the June–July harvest has slowed picking and raised worries about bean quality and global supply. Robusta prices jumped in a day to ₹220/kg, shifting South Indian markets such as Wayanad and Coorg from heavy selling to farmers holding back stock. Earlier, expectations of a bumper Brazil crop had pushed India’s Robusta cherry price down from ₹284/kg to ₹195/kg. Brazil produces about one-third of the world’s coffee, compared with roughly 3% for India.