Elon Musk becomes first trillionaire as SpaceX shares jump on Nasdaq debut
SpaceX made a historic entrance into the Nasdaq on Friday, surging over 20% in its first day of trading and lifting its valuation to more than $2 tril...
Wildfires raging across central and western Canada have forced tens of thousands to evacuate, prompting Manitoba to declare a state of emergency and Alberta to shut down oil operations.
Manitoba has declared a state of emergency and ordered the evacuation of approximately 17,000 residents from northern and eastern parts of the province, including the city of Flin Flon, due to fast-spreading wildfires. Premier Wab Kinew announced the decision at a press conference on Wednesday, calling the evacuation "the largest in many Manitobans’ living memory." Evacuees are being relocated to temporary shelters in cities such as Winnipeg, with the federal military providing assistance in transportation efforts.
Meanwhile, Alberta is also grappling with severe wildfires, which have led to temporary shutdowns in the province’s oil and gas sector. Cenovus Energy confirmed it has reduced nonessential staff at its Foster Creek site in northern Alberta as a precaution. This facility is part of the broader oil sands operations in the Bonnyville-Cold Lake region, now under threat from a 2,900-hectare wildfire near Chipewyan Lake, located about 130 km west of Fort McMurray.
Although Chipewyan Lake faces no immediate danger, Alberta officials have issued a one-hour evacuation notice in case wind conditions worsen. In a separate incident, a 1,600-hectare fire burning out of control near Swan Hills led to the evacuation of the town’s 1,200 residents. Aspenleaf Energy, an oil producer operating in the area, said it had shut down around 4,000 barrels per day of production as a safety measure.
Authorities in both provinces are monitoring the fires closely, with emergency services coordinating evacuations and safety operations amid dry and windy conditions that continue to fuel the blazes.
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.
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.
Formula 1 driver Pierre Gasly’s Monaco Grand Prix podium has been reinstated after Alpine successfully challenged his post-race penalties through a Right of Review request with the FIA.
U.S. Donald Trump has said he has cancelled planned strikes on Iranian oil and gas ports announced earlier on Thursday. Trump said he made the decision after senior leadership in Iran agreed to peace talks.
While France hosts next week’s Group of Seven summit, businesses in neighbouring Switzerland have already begun taking precautions, with many shops in Geneva boarded up ahead of a large anti-G7 demonstration expected on Sunday.
SpaceX made a historic entrance into the Nasdaq on Friday, surging over 20% in its first day of trading and lifting its valuation to more than $2 trillion. Investors flocked to the world’s largest IPO, betting on Elon Musk’s sprawling empire spanning rockets, AI and beyond.
Ukraine will increase military wages and expand recruitment of foreign volunteers, President Volodymyr Zelenskyy announced on Friday, as the armed forces face a critical personnel shortage after more than four years of war with Russia.
Poland will receive a new $4 billion loan from the United States through the Foreign Military Financing (FMF) programme, strengthening defence ties between the two NATO allies as Warsaw continues a major military modernisation drive.
Italian Prime Minister Giorgia Meloni and Polish Prime Minister Donald Tusk have criticised Britain, France and Germany for leaving them out of talks with Russia about a potential future peace deal for Ukraine.
The International Labour Organization has adopted the first-ever international agreement aimed at protecting digital platform workers, marking a major step in regulating labour conditions in the global gig economy.
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