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SpaceX Losses Narrow, Beating Expectations in Latest Report

SpaceX reported financial losses that were smaller than analysts had forecast. The improved results suggest the company's operations are becoming more efficient despite ongoing heavy spending on development. This update provides a snapshot of the private space firm's current financial health.

Technology World

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RBA meets today ahead of cash rate decision and announcement

The Reserve Bank of Australia is meeting today before announcing its latest cash rate decision. The outcome is being watched for its impact on mortgages, inflation, and the Australian economy.

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Assam home demolitions displace thousands in India

Homes have been bulldozed in India’s Assam state, forcing thousands of people to leave, Al Jazeera reports. The mass displacement raises concerns about housing rights and the impact on affected communities.

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Russian strike on Ukrainian aid centre kills at least 26, Kyiv says

A Russian bombing of an aid centre in Ukraine killed at least 26 people, according to Kyiv. The strike hit civilians receiving assistance, highlighting the risks to humanitarian operations in the war and likely prompting international condemnation.

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Intel stock slump deepens as $3.5T chip selloff spreads

Intel shares fell further as a broad semiconductor selloff spread across the chip sector, erasing about $3.5 trillion in market value. The rout signals growing investor concern about the industry’s outlook and could weigh on technology markets more widely.

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European troops to rehearse Ukraine deployment in case of peace

Thousands of European troops will take part in exercises rehearsing a possible deployment to Ukraine if a peace agreement is reached, according to BBC World. The drills signal preparations for postwar security guarantees and could shape Europe’s role in supporting Ukraine after the war.

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