Category
Economy
Elon Musk Becomes First Trillionaire in History After SpaceX IPO
Following SpaceX's record-breaking initial public offering (IPO), Elon Musk has become the world's first trillionaire, with total assets exceeding $1.1 trillion.
Ukrainska Pravda · 23 min ago
Latvians spent €1.3 billion on foreign trips last year
In 2025, Latvians spent nearly €1.8 billion on all trips, with €1.3 billion spent abroad, according to the Central Statistical Bureau. Domestic tourism saw a slight decline while foreign travel increased.
LSM · 1 h ago
SpaceX Sets Historic IPO Price, Valued at $1.77 Trillion
SpaceX priced its IPO at $135 per share, raising $75 billion and achieving a valuation of $1.77 trillion, making it the largest initial public offering in U.S. history and surpassing Saudi Aramco's record.
Pravda — ziņas · 1 h ago
SpaceX sets record with $1.77 trillion valuation in historic IPO
SpaceX has completed the largest IPO in U.S. history, raising $75 billion at a $1.77 trillion valuation, surpassing previous records and major tech and finance giants.
Ukrainska Pravda · 1 h ago
ECB raises eurozone interest rates as Iran war stokes inflation
The European Central Bank has raised interest rates for the first time since 2023 in response to higher inflation caused by the war in Iran.
The Guardian World · 2 h ago
European Central Bank raises interest rates by 0.25 percentage points
The European Central Bank on Thursday, June 11, decided to raise interest rates by 0.25 percentage points, the first such move in response to the energy crisis in the Middle East.
LSM · 2 h ago
Gold becomes top reserve asset; is dollar dominance at risk?
Gold now accounts for 27 percent of global central bank reserves, overtaking US Treasuries as the world's largest reserve asset for the first time.
Al Jazeera · 2 h ago
World Bank warns global growth to hit post-COVID low due to US-Iran war
The World Bank cut its 2026 global growth forecast to 2.5%, citing rising energy prices and inflation driven by the US-Iran conflict, and warned of further downside risks.
Al Jazeera · 2 h ago
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World Bank: Global Growth This Year Slowest Since COVID-19 Onset
Global economic growth in 2026 is projected to be the weakest since the start of the pandemic, according to the latest World Bank report. Key factors include Middle East conflict and rising energy costs.
TVNET · 2 h ago
SpaceX's $1.8 Trillion IPO Raises Concerns Over Overvaluation and Forced Investments
SpaceX's Friday debut could be the largest IPO ever, but Nasdaq rule changes and overvaluation fears raise concerns about forced participation by pension funds and individual investors.
Al Jazeera · 2 h ago
Record number of young people in England fear long-term unemployment, study finds
A new report reveals that young people in England are increasingly pessimistic about their futures, with a record number fearing long-term unemployment.
The Guardian World · 2 h ago
ECB Raises Interest Rates Affecting Mortgage Payments in Latvia
The European Central Bank raised interest rates by 0.25 percentage points on June 11, impacting Latvian residents as most mortgages are tied to the EURIBOR rate.
LSM (rus) · 3 h ago
Fact Check: Western Sanctions on Russia Are Working, but No Rapid Collapse Expected
Despite Kremlin claims that sanctions are ineffective, data show EU trade with Russia has dropped by 90%, inflation is at 10%, and labor shortages are acute. However, experts predict stagnation rather than a sudden economic collapse.
TVNET · 4 h ago
One-Euro House Programs Expand Beyond Italy
Several countries now offer homes for one euro to attract new residents and revive abandoned properties. A Latvian man, Ivars, recently purchased such a house in Sicily.
TVNET · 4 h ago