Musk's SpaceX prices record $75 billion IPO at $135 a share
SpaceX has made history with the largest initial public offering ever in the United States, pricing its shares at $135 each and achieving a market val...
President Donald Trump announced Thursday evening that the long-awaited “Board of Peace” to oversee Gaza’s reconstruction has officially been formed.
Trump said the board’s members will be revealed "shortly" and described it as "the Greatest and Most Prestigious Board ever assembled at any time, any place" in a post on Truth Social.
Trump first hinted at the board’s creation last September, saying it would be chaired by him and include current and former heads of state.
The announcement follows a recent update from U.S. envoy Steve Witkoff, who said the second phase of a ceasefire under Trump’s 20-point plan to end the Gaza war has begun. The plan aims to reduce violence, support humanitarian access, and push for a longer-term resolution to the conflict.
Under phase one, Hamas and Israel agreed to a ceasefire in October, carried out a hostage-prisoner exchange, partially withdrew Israeli forces, and allowed a surge of humanitarian aid.
Phase two aims to move Gaza from ceasefire to full demilitarisation, reconstruction, and technocratic governance, including disarmament of Hamas and other armed groups.
Trump’s new board is expected to play a role in overseeing peace and reconstruction efforts, although details about its members and mandate have not yet been released.
He also announced that he was backing the newly appointed "Palestinian Technocratic Government" in Gaza.
"I am backing a newly appointed Palestinian Technocratic Government, the National Committee for the Administration of Gaza, supported by the Board's High Representative, to govern Gaza during its transition," Trump said on social media.
The Palestinian technocratic body will be overseen by the international "Board of Peace" that is meant to supervise Gaza's governance for a transitional period.
Mexico and South Africa meet in Thursday’s World Cup opener in Mexico City, with both teams approaching the match from very different positions but facing their own pressures.
The Pakistani city of Karachi is struggling under severe heat and humidity as the country enters a prolonged heatwave period. The Pakistan Meteorological Department (PMD) has warned of above-normal temperatures across much of the country between 7 and 12 June.
Ukraine's military said it struck a Russian "shadow fleet" tanker in the Black Sea as part of ongoing efforts to disrupt Moscow's energy and logistics networks. The move underscores Kyiv's focus on targeting maritime assets it says are used to bypass sanctions on Russian oil exports.
U.S. forces say they have completed strikes on Iranian military sites near the Strait of Hormuz. Iran responded with missile attacks on an American base in Jordan, marking a sharp escalation in tensions between the two sides.
Mexico City has been hit by major disruption eight days before it hosts the opening match of the 2026 FIFA World Cup, as teachers, retired judges and other groups staged mass protests.
An adviser to the European Union’s top court said on Thursday that the European Commission’s appeal against a 2024 ruling, which required disclosure of information on COVID-19 vaccine contracts, should be dismissed.
Migrants in the U.S. who were prevented from being sent back to their home country due to the risk of persecution are set to be deported to the war-torn Central African Republic.
Finance ministers across East Africa unveiled their 2026/27 budgets on Thursday, as investors assessed how governments plan to protect their economies from shocks linked to the ongoing Iran war while managing rising debt levels.
More than a third of Belgium’s population now has a foreign background, according to new figures released by the national statistics office, Statbel. The data show that around 4.34 million of the country’s nearly 11.7 million residents do not have an entirely Belgian background.
SpaceX has made history with the largest initial public offering ever in the United States, pricing its shares at $135 each and achieving a market valuation of $1.77 trillion.
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