SpaceX targets $75bn IPO at $135 per share
Elon Musk’s SpaceX plans to price its initial public offering at $135 per share, aiming to raise a record $75 billion and secure a valuation of about $1.75 trillion, according to a Reuters exclusive. If successful, it would become the largest IPO in history and could pave the way for other major private technology firms, including, OpenAI, Anthrohobic to test public markets.
Israel and Lebanon announce ceasefire implementation
Israel, Lebanon agree to enforce ceasefire
Israel and Lebanon have agreed to implement a ceasefire under a US-brokered arrangement aimed at halting hostilities between Israel and Hezbollah. The deal requires Hezbollah to cease attacks and withdraw operatives from southern Lebanon, while both sides pursue further negotiations to address outstanding security issues.
Fighting continues despite truce efforts
Israeli strikes, Hezbollah rockets test Lebanon truce
At least nine people were killed in Israeli strikes across southern Lebanon, while Hezbollah fired rockets and drones into northern Israel. The violence challenged a fragile ceasefire framework being discussed in Washington, highlighting the risk of renewed escalation despite ongoing diplomacy.
Iranian drone strike kills one at Kuwait airport
An Iranian drone attack on Kuwait International Airport killed one person and injured more than 60 others, according to Kuwaiti authorities. Iran denied responsibility, blaming a US interceptor missile, while Washington accused Tehran of carrying out a deliberate attack that threatens an already fragile ceasefire.
Delhi building fire kills at least 21
A fire swept through a multi-storey guesthouse in south Delhi, killing at least 21 people and injuring dozens more. Many of the victims were foreign nationals who had travelled to India for medical treatment or to support relatives receiving care.
Three Royal Navy personnel killed in helicopter crash
Three service members died when a Merlin Mk4 helicopter crashed during a training exercise in Devon, southwest England. Authorities have launched an investigation into the cause of the accident.
Ukrainian drones hit St Petersburg outskirts
Ukraine launched drone strikes near St Petersburg ahead of Russia’s flagship economic forum, disrupting airport operations and prompting air-defence responses. Moscow vowed a “systemic” response, while Kyiv said the attacks targeted military and energy infrastructure.
US announces new tariffs over forced-labour concerns
The Trump administration unveiled tariffs of 10 percent to 12.5 percent on imports from dozens of countries, arguing they have failed to adequately address forced labour in supply chains. The move affects major trading partners, including the UK, EU, India and Japan.
WHO says Ebola response catching up in DR Congo
The World Health Organization says efforts to contain the Ebola outbreak in the Democratic Republic of Congo are beginning to catch up with the disease’s spread. Confirmed cases have reached 344, with 60 deaths reported, while neighbouring Uganda has recorded 15 cases and one death.
US presses ahead with Kenya Ebola facility despite court order
US military flights carrying medical personnel and equipment continue arriving in Kenya for the construction of an Ebola quarantine facility, despite a court order halting the project and protests that have left two people dead. The facility is intended to treat US citizens potentially exposed to Ebola in Central Africa.
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