Politics & Economy

Business·From Jun 12·Upd. 2h ago

SpaceX IPO makes Elon Musk the world's first trillionaire, valuing rocket and AI firm at $2.1tn

SpaceX's record $75 billion stock market debut on Friday vaulted Elon Musk's personal fortune to $1.1 trillion, making him the first person to achieve trillionaire status.

Business·From Jun 12·Upd. 1h ago

Justice Department clears Paramount's $111bn purchase of Warner Bros Discovery, but EU and states could still block the deal

The US Department of Justice gave the green light to Paramount Skydance's $111 billion acquisition of Warner Bros Discovery on Friday, declaring the deal would not harm competition or American consumers. The unconditional approval removes a major regulatory hurdle, but the merger still faces scrutiny in the UK, European Union, and a likely lawsuit from US state attorneys general.

Diplomacy·From Jun 12·Upd. 2h ago

Pope Leo XIV returns to Rome on Spanish king's private jet after Iberia flight suffers technical fault

A technical fault on the papal plane at Tenerife airport forced Pope Leo XIV to accept a ride from King Felipe VI, who offered his own Falcon jet for the pontiff's return to Rome.

Government·1h ago

Switzerland votes on 'Swiss Brexit' population cap in knife‑edge referendum

Swiss voters head to the polls on Sunday to decide whether to enshrine a 10 million population ceiling in the constitution, a proposal opponents call a 'chaos initiative' that could force an exit from the EU's freedom of movement pact.

Government·31m ago

Cuba announces sweeping economic reforms as Díaz-Canel declares 'times when change is necessary'

President Miguel Díaz-Canel surprised Cuba with a broad package of market-oriented reforms, citing 'exigencies of current times' while under a tightening US blockade and a deepening economic crisis.

Business·yesterday

SpaceX raises $75 billion in largest IPO ever, making Elon Musk world's first trillionaire

SpaceX raised a record $75 billion in its initial public offering on Thursday, pricing shares at $135 and reaching a $1.77 trillion valuation, the largest ever. The IPO made Elon Musk the world's first trillionaire as his net worth surged above $1.1 trillion.

Conflicts·4h ago

US-Iran Peace Deal 80–85% Close as Pakistan Confirms Agreed Text, but Trump Calls Iran 'Dishonorable' and Disavows Leaked Terms

A peace deal between the United States and Iran is within reach, according to mediators and officials, but President Trump dismissed leaked Iranian reports as false and accused Tehran of bad faith, injecting uncertainty into the talks.

Conflicts·From Jun 12·Upd. 1h ago

US to slash fighter jets and pull back aircraft carrier from NATO Europe

Washington informed allies in early June that it will reduce NATO-assigned F-16 and F‑15E fighters from about 150 to 100, withdraw all eight aerial refuelling tankers, and relocate a submarine and an aircraft carrier.

Conflicts·yesterday

Trump calls off Iran strikes, says Tehran approved peace deal as Iranian officials push back

Donald Trump cancelled planned air strikes on Iran Thursday evening and said the Islamic Republic’s leadership had approved a peace agreement, while Iranian officials denied any final deal had been reached. Global markets surged on hopes the three-month war may soon end.

Conflicts·3h ago

Iran and US closer than ever to peace deal, but clash over frozen assets and nuclear terms

Washington and Tehran signal a memorandum of understanding is imminent, yet their public statements reveal sharp disagreements over sanctions relief, nuclear dismantlement and the inclusion of Lebanon.

Business·3h ago

SpaceX shares jump 19% on first day, making Musk the first trillionaire

The rocket and satellite company’s $75 billion Nasdaq listing shattered Saudi Aramco’s 2019 record, closing at $161.11 per share and pushing Elon Musk’s fortune past $1 trillion.

Business·3h ago

Appeals court upholds Sam Bankman-Fried's fraud conviction and 25-year sentence, calls evidence 'robust'

A Manhattan federal appeals court unanimously rejected Sam Bankman-Fried's challenge to his FTX fraud conviction, leaving the former crypto mogul's 25-year prison term intact and his pardon request as one of his few remaining options.