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Ark Invest owns SpaceX in its venture ETF. It says Starlink alone supports $2 trillion value at IPO
Brett Winton said SpaceX’s Starlink satellite broadband network is the primary driver of ARK’s valuation thesis.
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Global steel crisis deepens as oversupply grows, OECD warns
The global steel industry is facing a growing crisis as subsidised production and excess capacity continue to distort markets, according to the OECD. It says state-backed steel production, particularly in China, is increasing pressure on producers in Europe and other OECD economies.
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CrowdStrike shares fall as ‘Mythos moment’ fails to cheer investors
June 4 : CrowdStrike shares slid 8 per cent on Thursday after the company’s quarterly forecasts failed to meet steep investor expectations, even though demand for cybersecurity software was buoyed after Anthropic announced its Mythos AI model.If the losses persist, the cybersecurity firm’s $190.29 billion mar
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Pinterest deepens Amazon partnership with $4 billion cloud deal
June 4 : Pinterest said on Thursday it would pay Amazon Web Services $4 billion for cloud services through 2031, as the social media company strengthens a long-term partnership with its largest-ever deal.Shares of Pinterest were up nearly 5 per cent, while those of Amazon rose 1.7 per cent.Amazon.com’s
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Standard Chartered’s crypto bull sticks to $100,000 bitcoin call despite ‘painful’ week
June 4 : Geoffrey Kendrick, one of the most vocal crypto advocates, is sticking with his call for bitcoin to hit $100,000 by the end of the year despite a “painful” week, with the global head of digital assets research at Standard Chartered pointing to resilient long-term demand. The biggest crypto token has
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The perfect pitch is the goal for World Cup grass growers
WINNIPEG, Manitoba, June 4 : When billions of fans tune in to the 2026 World Cup, they will be witnessing the culmination of a global grass-growing mission that has scientists, farmers and turf specialists sweating as much as the players.From Mexico to Canada, across 16 stadiums in wildly different climates,
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Zverev meets Mensik with eye on next step as Paris field blown open
PARIS, June 4 : Alexander Zverev will carry mounting expectations into Friday’s French Open semi-final against dangerous Czech Jakub Mensik, as the second seed aims to close in on an elusive Grand Slam title after shock exits opened up the draw for him.What began with defending champion Carlos Alcaraz’s injur
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Hezbollah rejects Lebanon-Israel ceasefire plan declared in Washington
BEIRUT: Hezbollah rejected a ceasefire plan agreed by the Lebanese and Israeli governments in United States-mediated talks, as Israel kept up strikes in southern Lebanon on Thursday (Jun 4) and said it would not be withdra
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Mourinho files European human rights complaint over Turkish fine and ban
June 4 : Jose Mourinho has filed a complaint at the European Court of Human Rights over disciplinary sanctions he received while coaching Turkish club Fenerbahce.The Strasbourg-based court has accepted the application from the Portuguese coach, says a notice on its website on June 1, and has requested observa
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Charges dropped against Budapest mayor over 2025 Pride march
Budapest’s liberal Mayor Gergely Karacsony had been charged with helping to organise the banned 2025 march.
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