Author: ALJAZEERA

Tech billionaire Elon Musk’s SpaceX is preparing to list its shares on the US-based Nasdaq in what will be the most hotly anticipated initial public offering (IPO) in years.Here’s everything you need to know about the deal:Recommended Stories list of 4 itemsend of listWhat is SpaceX?Founded in 2002 by Musk, now the world’s richest man, SpaceX is best known for designing and launching rockets, spacecraft and reusable launch vehicles.Since 2006, the company has partnered with NASA to deliver cargo and crew to the International Space Station (ISS).The Texas-based company has also launched rockets, satellites and spacecraft for various private companies.As…

Warsh will lead the central bank at a time when its independence has come under scrutiny amid political pressure.Published On 22 May 202622 May 2026Kevin Warsh has been sworn in as the new chair of the United States Federal Reserve Board of Governors, succeeding Jerome Powell, who has held the position since 2018.Warsh took the oath of office on Friday, following a contentious nomination period, with the Senate voting along party lines on both his confirmation to the Board of Governors and as chairman. Only Pennsylvania Senator John Fetterman broke with his Democratic colleagues to advance his nomination.Recommended Stories list…

Santa Cruz, Bolivia – A spiralling political conflict is threatening social stability in Bolivia.Just six months after the new administration took office, President Rodrigo Paz is facing a wave of demonstrations, highway blockades and growing calls for his resignation.Recommended Stories list of 4 itemsend of listThe unrest began a little more than a month ago with the convergence of several sector-based demands. Some organisations were calling for wage increases, others complained about contaminated fuel that had damaged thousands of vehicles, while additional groups protested against a law authorising changes to land classifications, which, its critics said, favoured land concentration among big…

Benchmark KOSPI rises more than 8 percent following deal to avert strike at top memory chip maker.Published On 21 May 202621 May 2026South Korea’s stock market has rallied following a last-minute deal to avert a strike that had threatened to disrupt the global supply of memory chips.Samsung Electronics and its union on Wednesday night announced a tentative agreement to settle a months-long standoff over pay, avoiding a planned 18-day walkout by some 48,000 employees.Recommended Stories list of 4 itemsend of listMarket sentiment around artificial intelligence (AI) also got a boost from US chip giant Nvidia’s announcement of a record $58.3bn profit in the last quarter.South Korea’s benchmark…

Published On 20 May 202620 May 2026SpaceX has taken off the wraps off its IPO filing, opening the books of the company that has already revolutionised rocket technology, with even larger ambitions to colonise Mars and build AI data centres in space.A successful sale could value the company at a record-setting $1.75 trillion, which would put its founder on track to become the first trillionaire in history, validating years of defying accepted logic through the development of rockets that can land and be flown again.Recommended Stories list of 4 itemsend of listThe listing, unveiled on Wednesday, could set the stage for…

Tehran, Iran – When Mohammad, a 29-year-old resident of western Tehran, renewed his tenancy contract earlier this week, the price increase did not come as a surprise.His landlord had raised the rent for the 20-year-old apartment to 230 million rials ($130), up from 130 million rials ($73), while keeping the fast-depreciating deposit at 5 billion rials ($2,800 at the current exchange rate).Recommended Stories list of 3 itemsend of listMonthly minimum wage in Iran is currently about $90, which can go to $120 after accounting for government-issued subsidies, electronic coupons and marriage or housing-related allowances.Most tenants are believed to be surviving…

Businessman Adani was accused on bribing Indian officials and misleading US investors to a secure solar power plant project in India.Published On 18 May 202618 May 2026The administration of United States President Donald Trump has moved to dismiss criminal fraud charges against Indian billionaire Gautam Adani in a case where he is accused of bribing Indian officials for as much as $265m to secure contracts and lying to US investors to land a solar energy project in India, allegations that his company has long denied.The case was dropped by the US Department of Justice (DOJ) after Adani pledged a $10bn…

China will buy ‘at least’ $17bn worth of US agricultural goods annually, the White House says.Published On 18 May 202618 May 2026China will buy “at least” $17bn worth of agricultural goods from the United States annually following US President Donald Trump and Chinese leader Xi Jinping’s summit in Beijing, the White House has said.China will make the purchases through 2028, with the 2026 target applying to the remainder of the year on a proportionate basis, according to a fact sheet released on Sunday.Recommended Stories list of 4 itemsend of listThe White House said the deal is in addition to China’s commitment…

London, United Kingdom – Britain’s next political battleground could be shaped by a generation of young Muslim voters coming of age faster than Westminster realises.A new report by the Muslim Council of Britain released this week found Muslims make up 6.5 percent of the population of England and Wales, with a median age of just 27 – 13 years younger than the national average. Nearly half are under 25, meaning British Muslims are one of the youngest and fastest-growing groups in the country.Recommended Stories list of 4 itemsend of listResearchers say that shift could become politically significant if the voting…

Published On 15 May 202615 May 2026China has agreed to buy 200 Boeing jets, with a potential for the order to rise to as many as 750 planes, United States President Donald Trump has said, adding that the planes would have GE Aerospace engines.The deal “includes approximately 200 planes and a promise of up to 750 if they do a good job”, Trump told reporters on Air Force One on Friday. More details about the deal, such as which type of jets and when the order would be delivered, were not immediately available.Recommended Stories list of 4 itemsend of listNeither…