Global equity markets advanced on Monday as international oil prices fell sharply following US President Donald Trump's surprise announcement of an immediate energy ceasefire between Russia and Ukraine. The development helped ease concerns about energy supplies and inflation, despite renewed violence in the Middle East and continuing uncertainty over whether Moscow had actually accepted the proposed arrangement. The announcement prompted a significant shift in market sentimen

Federal court grants temporary protection to Stake's operating licence, marking the first successful legal challenge by a licensed betting operator against Brazil's sweeping online gambling prohibition. Online betting operator Stake has secured a significant legal victory in Brazil after the Federal Court of São Paulo granted a partial preliminary injunction allowing the company to resume operations until 25 October 2026. The ruling represents the first favourable judicial

Brazil’s sweeping prohibition on fixed-odds betting has forced licensed operators to shut down their platforms, leaving more than BRL1.3 billion (approximately US$266 million) awaiting repayment to millions of customers and triggering widespread job losses across the country’s gambling industry. The shutdown, which took effect on 6 October 2026, represents a dramatic reversal for a market that had attracted substantial investment following the introduction of regulated onli

Iron ore trader Radiant World and related companies are facing allegations of fraud and money laundering after US investment fund Mariner Atlantic Multi-Strategy LLC filed a criminal complaint with the Geneva Public Prosecutor’s Office in Switzerland. The complaint, filed around September 14, 2026, names Radiant World, its Swiss subsidiary, related entities, founder Pinkesh Nahar and other individuals. Mariner is asking Swiss prosecutors to open a criminal investigation, sear