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As a wave of cheap Chinese imports has flooded the EU in recent years, Brussels is now facing a new challenge: new import routes passing through Morocco and Turkey, the EU’s neighbouring countries, where Beijing can leverage tariff-free trade agreements with the bloc.

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By investing heavily in those countries, China is seeking to circumvent the EU’s trade barriers, including the extra duties imposed by the EU on products such as electric vehicles, and channel its industrial overcapacity into the European market.

European policymakers are now bracing for a surge in low-cost Chinese goods entering duty-free through these gateway countries, thanks to an association agreement that liberalises trade with Morocco and a customs union linking Turkey to the EU.

The European Commission launched negotiations with Beijing in June in a bid to rebalance a trade relationship that has left the EU with a €1 billion deficit. However, it is not guaranteed to reach concrete results by October — the deadline set by Trade Commissioner Maroš Šefčovič.

Brussels has already made clear it is prepared to deploy new unilateral trade defence measures. But Beijing is becoming increasingly adept at getting around the EU’s traditional trade tools, particularly trade defence tariffs.

Its circumvention strategy is now to go through Morocco and Turkey, which are becoming the new front line in the EU’s trade battle with China.

Billions in investments

Over the last four years, these investments have reached a record $6 billion in Morocco and $2 billion in Turkey, according to Rhodium Group, an independent research provider.

Cairo is also attracting Chinese money, with $6 billion invested in 2025 alone. But Chinese products made in Egypt are mainly exported to the US and Gulf countries.

In Morocco, Beijing has been investing in an entire electric vehicles (EV) manufacturing ecosystem. “There is a genuine long-term trend that began after COVID-19. We are seeing Chinese companies setting up operations in the country to manufacture high-value-added goods,” Armand Meyer, an expert at Rhodium Group, told Euronews.

Chinese battery producer Gotion is settling in the country, along with BTR, Tinci and Huayou, which produce battery materials, APG, an automotive brake manufacturer, and Sentury Tire, a tyre maker. All will soon have factories in Morocco.

The EU, which hit Chinese EVs with anti-subsidy duties in 2024, is concerned about China’s move into neighbouring countries.

In Turkey, part of the investment targets the local market, while Chinese export plans also threaten European producers. China’s EV giant BYD was granted preferential access to the Turkish market to build a factory, although the project has been suspended for now.

“The idea was to build a mega-factory in exchange for an exemption from Turkish import duties, as Turkey imposes tariffs on Chinese electric vehicles,” Meyer said. Chinese home appliance maker Haier is also investing in the country, as is Astronergy, which manufactures solar panels.

China’s manufacturing push in those countries spans multiple sectors, exploiting trade agreements with the EU that cover a wide range of products.

“The free trade agreements with Morocco and Turkey cover almost all goods. So it’s complicated to counter the Chinese export strategy,” Thomas Grjebine, an economist at the French Centre for Research and Expertise on the World Economy, told Euronews.

Grjebine added that China has understood these countries can serve as “a staging ground”, with investments rising year after year.

“Investments in these gateway countries account for about a quarter of China’s total investment in Europe and the Maghreb,” he said.

Reducing Morocco and Turkey’s access to the EU market

However, in March, the Commission proposed a landmark bill called the Industrial Accelerator Act (IAA) which aims to protect the EU market from foreign competitors — provoking anger from China.

The IAA creates a European preference for access to public procurement and EU public funding schemes, ruling out non-EU countries under certain conditions. China was targeted in particular, leading to threats of retaliation from Beijing.

All foreign countries are now lobbying EU lawmakers, who are discussing the bill, to be considered trusted partners, allowing their products to qualify as “Made in Europe”.

Industries with parts of their value chains outside the EU are also urging MEPs to include those countries. Euronews has learnt that ACEA, for instance, which represents European carmakers in Brussels, has been lobbying EU lawmakers to include Morocco, where many European manufacturers have production plants.

Paradoxically, if Morocco and Turkey — where European carmakers are also established — were considered trusted partners whose products could be labelled “Made in Europe”, it would also serve Beijing’s interests — despite fierce competition with the EU in the automotive sector — as China is building factories there.

“The Chinese know full well that a number of companies have located part of their value chain in those countries and are lobbying hard to ensure that Morocco and Turkey are not excluded from what is considered ‘Made in Europe’,” French socialist MEP Pierre Jouvet told Euronews.

“This is part of Beijing’s investment and tariff circumvention strategy,” he said.

The MEP is campaigning to exclude Morocco and Turkey from the scope of the IAA unless both countries open their public procurement markets to EU companies.

That position is backed by French liberal MEP Christophe Grudler and German Green MEP Anna Cavazzini, who, along with Jouvet, are expected to present a report on the issue to fellow MEPs in September.

EU trade defence instruments lack effectiveness

Without such a bill, the EU’s trade defence instruments remain modest compared with the scale of the coming wave of cheap Chinese products manufactured in those neighbouring countries.

The EU can only tackle Chinese dumping — where a product is sold below its normal value — on a product-by-product basis, as well as tariff circumvention when parts of the goods come from China and have only been assembled in Morocco or Turkey. The Commission usually assesses the value added generated in those countries before deciding whether to sanction Chinese companies with duties.

“For years, it was mostly a matter of transhipment through these countries, with Chinese exporters simply changing the certificate of origin, but defending the EU market has now become far more challenging,” Laurent Ruessmann, partner at law firm RB Legal, told Euronews.

Ruessmann has represented European glass fibre producers — whose products are used as reinforcement materials — in their fight against cheap Chinese imports. Eventually, glass fibre from China and from Chinese companies located in Egypt was hit with EU anti-dumping and anti-subsidy duties in 2020.

But the Commission then had to open new cases involving glass fibre fabrics — used in wind turbine blades — imported from Morocco and Turkey. In 2022, it found that they were made using Chinese glass fibre already subject to EU anti-dumping duties imposed in 2020, a textbook case of tariff circumvention.

More recently, in 2025, the Commission also slapped countervailing duties on aluminium road wheels made in Morocco after concluding China had unfairly subsidised them.

According to the Organisation for Economic Co-operation and Development (OECD), Chinese companies receive up to eight times more subsidies than Western firms.

With recent investments in Morocco and Turkey, the EU executive is facing a new challenge: Chinese companies are setting up factories abroad, generating more added value in those countries than in China.

“In those cases, the Commission can no longer rely on anti-circumvention rules and has to launch a fresh investigation. The challenge is that it is much more difficult to prove dumping or unfair subsidies, making it far harder to impose duties high enough to protect the European market,” Victor Crochet of law firm Nishimura & Asahi told Euronews.

Looking at recent judgments by the Court of Justice of the European Union, however, the lawyer believes EU judges will progressively allow the Commission to be “more aggressive” towards Chinese operations located in the EU’s neighbouring countries.

“The Commission will have to come up with new instruments. It will try to push the boundaries of the concept of circumvention to keep pace with the times, even when the raw materials no longer come from China,” Crochet said.

It was reported today that Osasuna have enquired about Tierney, although that same article suggested Celtic chiefs will knock back any offers for the 29-year-old.

Given the lack of options in that position, and also Tierney’s importance to the league champions, that is hardly a surprise.

“Kieran’s going nowhere, he loves the football club,” said his former captain Scott Brown on Sportsound.

“You never know what can happen, but I love watching the wee man play, I love his passion. When there’s a 50-50 he wins it, when a ball goes into the box he puts his head on it.

“It’s the quality on the other side as well. You can see why he went down to Arsenal. Other teams will want that, and Celtic are lucky to have these three [Tierney, McGregor and James Forrest] for that long a period.”

Club captain McGregor is another who impressed in the league opener, but there’s also been whispers that he might be on the way out. Those rumours seem to have died down in recent weeks.

“Callum has retired from Scotland so he’s had the time off, and he looks really fresh,” said Brown. “He is the brains of this time, he’s got the understanding and leadership.

“If any young kids are watching, watch Callum McGregor, watch Kieran Tierney, watch James Forrest. You’re not at a football club like this for that long if you can’t understand the other side of the game.”

Turkish Aerospace has released new footage showing the second airworthy prototype of its next-generation TF Kaan fighter conducting powered taxi tests, marking the latest milestone in the aircraft’s flight-test campaign and signaling that its maiden flight is now approaching.

The aircraft, designated P1, follows the original P0 prototype that made Kaan’s first-ever flight in February 2024. Unlike that initial demonstrator, P1 is intended to be a far more representative development aircraft. It is expected to play a central role in expanding the fighter’s development program as Turkey pushes toward production later this decade.

The newly released video shows P1 taxiing under its own power at increasing speeds, confirming that it has entered the final stages of ground testing before its first flight. Powered taxi tests verify engine operation, braking, steering, flight-control systems, and other critical functions before an aircraft is cleared to leave the ground.

The appearance of P1 also provides the clearest indication yet of how the Kaan design is evolving beyond the original demonstrator. While the overall stealthy twin-engine configuration remains unchanged, the new prototype incorporates several visible refinements that are in line with the move toward a more production-representative aircraft. Compared with P0, the control surfaces have been revised, there are subtle changes around the engine intakes and cockpit areas, and a cleaner external finish.

Standard (non-stealthy) exhaust nozzles remain for the twin GE Aerospace F110 turbofans.

The first prototype had a distinctive forward sensor installation, including what appears to be multi-purpose electro-optical and infrared search and track, or IRST, sensors in front of the cockpit and beneath the nose, respectively. These features remain present on the newer aircraft. The faceted sensor enclosures were both removed for the first flight of the P0. You can read more about the aircraft’s intriguing sensor setup here.

Turkish Aerospace has not detailed every modification, but P1 is widely expected to feature substantially more representative avionics, flight-control software, and mission systems than the P0, which is largely a proof-of-concept aircraft.

The P1 represents the Kaan program’s transition from a technology demonstrator to a developmental test fleet. Additional prototypes are expected to incorporate further structural, aerodynamic, and systems improvements before the aircraft reaches its final production configuration.

A head-on view of the P1 (above) compared to the P0 (below) reveals a different configuration for the actuators for the aerodynamic surfaces below the wings, a larger sensor aperture above the nose, and landing gear that is both more robust-looking and with main units set wider apart:

Turkish Aerospace has indicated that P1’s maiden flight is expected within the next couple of months. A third prototype, designated P2, is also under assembly, with the company aiming to have both aircraft flying before the end of this year. That would significantly accelerate the program by allowing multiple aircraft to conduct different elements of the flight-test campaign simultaneously. Initial deliveries to the Turkish Air Force continue to be targeted for 2028 — an ambitious schedule, to say the least.

The Kaan program was launched back in 2010 as the Milli Muharip Uçak (MMU), or National Combat Aircraft. Early on in its development, the aircraft was known as the TF-X. Now named TF Kaan, it is very much the jewel in the crown of Turkey’s burgeoning aerospace industry.

However, it is also worth keeping expectations in perspective. Kaan’s stated objective is to deliver a reduced-radar-signature fighter with high performance, advanced avionics, and modern mission systems. Achieving the same degree of sensor integration, data fusion, networking, and low-observable performance as a fifth-generation fighter, such as the F-35, represents a much higher bar. Even so, a meaningful reduction in radar signature — particularly from the frontal aspect — combined with modern sensors and weapons, would still represent a significant step-up in capability, at least in some respects, over Turkey’s existing fighter fleet, which is dominated by the 1970s-era F-16.

Reportedly, Turkey plans to complete three pre-production prototypes, to be followed by 250 series-production aircraft, incorporating yet more refinements.

Last month, a contract was reportedly signed for 20 examples of the initial Block 10 versions of the Kaan.

One of the biggest questions surrounding the Kaan program has been its powerplant.

Although Turkey ultimately intends to equip the fighter with an indigenous engine, the prototypes and the first production aircraft will instead rely on the U.S.-built F110 turbofan. Export approval for those engines had emerged as one of the program’s most significant schedule risks. F110s are assembled under license in Turkey but are still governed by U.S. export restrictions.

That uncertainty eased after the Trump administration moved to approve the sale of dozens of F110 engines to Turkey in a deal reportedly worth more than $700 million, ensuring propulsion for the prototype fleet and early production aircraft while development of the indigenous TF35000 engine continues. The domestic engine is expected to arrive only in later production blocks, making continued access to the F110 critical to maintaining the current development timeline.

The Kaan’s fortunes have also been entwined with Turkish plans to buy the Lockheed Martin F-35. In 2019, Turkey was kicked out of the Joint Strike Fighter program, in which it had been deeply involved, including at an industrial level, with plans to buy around 100 of the stealth fighters. Washington took that decision after Turkey refused to give up its plans to purchase Russian-made S-400 air defense systems. Since then, there have been signs that the United States might reverse its decision and offer Ankara F-35s again, a development that would surely have knock-on effects for the Kaan.

Once in service, it is anticipated that the Kaan will be used alongside one or more domestically developed drones. Chief among these are the ANKA-3, a low-observable flying-wing uncrewed combat air vehicle (UCAV), and the fighter-like Bayraktar Kizilelma. Again, should these prove successful, Ankara may opt for larger fleets of drones at the expense of more costly crewed fighters. The Kizilelma has already completed the first live trials of the K-SWARM concept, demonstrating collaborative operations between crewed and uncrewed aircraft as part of an effort to develop next-generation autonomous air combat capabilities.

It was announced only yesterday that the Kizilelma had successfully used its internal weapons bays to deploy air-to-ground munitions — in the shape of glide bombs — for the first time. The UCAV had already demonstrated surface-strike and air-to-air capabilities using conventional underwing hardpoints.

Export potential is another important consideration. The Kaan enters an increasingly competitive segment of the global fighter market alongside other medium-weight, low-observable designs, including China’s FC-31 and South Korea’s KF-21, both of which are positioned as more affordable alternatives to Western fifth-generation fighters. Turkey is likewise expected to pursue export customers to help sustain production and reduce program costs. Until the TF35000 engine comes online, any Kaan export sales would also be governed by U.S. restrictions on its engines.

The latest taxi-test footage signals that Turkey is moving into the next phase of Kaan development with a more mature prototype and an expanding flight-test fleet. If P1 flies on schedule and P2 follows later this year, Turkish Aerospace will have multiple aircraft collecting flight data in parallel, an essential step if it hopes to meet its questionably ambitious objective of new fighters being handed over to the Turkish Air Force in 2028.

Contact the author: thomas@thewarzone.com

Former Rangers striker Steven Thompson agreed with McInnes that there is no need to panic.

“It’s not the result Rangers wanted, but it is a point away from home at a difficult venue,” he said on BBC Radio Scotland. “Other teams will come here and find it very difficult.

“At this point in the season, there’s no knee-jerk [reaction] or anything here.

“It’s not what McInnes wants, but it’s the first game of the season. There will be time to judge once he gets the players he wants and once he gets more work done on the training ground.

“He will have learned a lot from his players tonight.”

On a night where Pandur, centre-back Ben Godfrey and former Hearts duo Cammy Devlin and Lawrence Shankland all made their debuts from the start, it was a glimpse into what this new-look Rangers side might look like under McInnes.

Summer signings Dan Neil and Ross McCrorie also came on as substitutes and McInnes made it clear there will be further additions in the weeks to come.

However, former Rangers man Andy Halliday saw what he believes to have been flaws in McInnes’ tactical set-up.

“No matter how many defenders you play with, the main fundamental is being compact, and I thought Rangers were the furthest thing from compact,” he said on Sportsound.

“All the best individuals, other than Thelo Aasgaard, were Dundee United players.

“Rangers are a work in progress, I think they’ll still make additions to try and improve, but it certainly wasn’t the start they were looking for.”

Right-wing candidate Flavio Bolsonaro attracts foreign support, but struggles in polls ahead of matchup with President Lula.

Flavio Bolsonaro has inaugurated the official beginning of his Brazilian presidential campaign, touting support from right-wing figures such as Argentinian President Javier Milei and Israeli Prime Minister Benjamin Netanyahu.

Bolsonaro, son of former president Jair Bolsonaro and long considered the presumptive candidate of Brazil’s political right, launched his formal bid challenging President Luiz Inacio Lula da Silva on Saturday.

“This is more than a party convention,” Bolsonaro said in remarks to his father’s Liberal Party.

“This is the beginning of the toughest battles of our life. A fight between good and evil.”

Recent polls have shown Bolsonaro trailing the left-wing Lula, as his bid for the presidency struggles to right itself after a number of setbacks and scandals.

While Saturday’s event included endorsement remarks from right-wing heavyweights such as Milei and Netanyahu, few prominent Brazilian politicians were in attendance.

Centre-right parties have largely kept their distance, and Flavio’s father – currently serving a 27-year prison sentence for a coup attempt following his loss to Lula in 2022 – was present at the convention only in the form of a video made with AI.

Milei delivered ‌a fiery speech criticising Lula and declaring that Bolsonaro can “save” Brazil from socialism.

The Argentinian president flew to Brazil the night before the event and met on Saturday with Sao Paulo Governor Tarcisio de Freitas.

“We will continue offering our testimony everywhere against the lies of socialism,” Milei said.

Netanyahu offered support via a short video message.

“Flavio, my friend, I want to congratulate you on the official launching of your campaign,” Netanyahu said in the recording, according to the Brazilian outlet Metropoles. “You’re a great champion of Brazil, you’re a great champion of the friendship between our peoples.”

Lula’s Workers Party is set to hold its own convention on August 2, confirming the 80-year-old president’s re-election bid.

Bolsonaro and his allies have also suffered from criticisms that they have tried to use their ties to the administration of US President Donald Trump to boost his campaign, inviting US intervention in a variety of issues that many Brazilians see as a form of foreign meddling.

Like his father, Flavio has also raised alarm by repeating false claims about the reliability of Brazil’s election infrastructure, seen as a pretext for possible efforts to deny the legitimacy of the voting process in the event of a loss to Lula.

The AFP news agency reported on Saturday that Brazil had denied visas to a pair of Trump administration officials who sought to meet with the country’s election authorities to discuss “freedom of expression related to the elections”.

July 24 (UPI) — Nicaragua’s government began the process Friday of reforming the Constitution and the legal framework governing the electoral system, days after President Daniel Ortega said the country “will never again hold elections” that would allow the opposition to return to power.

According to an official statement released by the Government of Reconciliation and National Unity, the proposed constitutional and legal reforms were drafted by the National Assembly’s Constitutional Commission in coordination with the Supreme Electoral Council and will be submitted to the presidency for review and authorization.

Once that stage is completed, the National Assembly will open a consultation process next week on the proposed Partial Reform Law to the Political Constitution before it is debated and put to a vote in the full legislature.

According to the statement, the reforms are part of the “Nicaragua Triumphs in Peace and Unity” plan and are intended to strengthen the constitutional framework to guarantee “peace, well-being, security, stability and the continuity of the achievements of the people as president.”

The announcement came five days after Ortega declared, during the commemoration of the 47th anniversary of the Sandinista Revolution’s victory, that Nicaragua “will never again hold elections” so the opposition can “try to take over the government and power,” remarks that drew criticism from the United States, the Organization of American States and opposition organizations.

On Wednesday, National Assembly President Gustavo Porras said Ortega’s remarks did not mean elections would be eliminated, but rather the end of processes that, according to the ruling party, had been influenced by the United States.

“Those elections will never return to this country,” Porras said during a news conference.

“They will be the elections of the Nicaraguan people, national elections to choose our national authorities and our municipal authorities, with the terms established by the Nicaraguan people and with the candidates and conditions established by the Nicaraguan people.”

Porras said the reforms are intended to prevent “the terrible manipulation of the empires and their lackeys” and to guarantee, in his words, “an absolutely clean, transparent and absolutely national election.”

During the same news conference, he said the new legal framework is intended to prevent foreign interests from influencing Nicaragua’s electoral processes and reiterated that “those elections will never return to this country,” referring to what he described as processes controlled by foreign powers.

The National Assembly, controlled by the ruling Sandinista National Liberation Front, will be responsible for debating the reforms, which must follow the procedure established for constitutional amendments before taking effect.

Ukraine replaced its top military and political defence personnel in the past week even as its armed forces arguably achieved their best performance in three years.

Defence Minister Mykhailo Fedorov’s ouster on July 15 was followed six days later by the replacement of Commander-in-Chief Oleksandr Syrskii. Both men were followed out the door by some of their most capable lieutenants.

Ukraine seemed to have found a winning formula, making 2026 Russia’s worst year of the war for manpower losses, territory and economic performance at home.

Some 193,500 Russian troops have been killed or seriously wounded so far this year, said Ukraine’s Ministry of Defence – averaging losses of 32,000 a month for the first time, according to Syrskii – and Ukraine’s Foreign Intelligence Service estimates Moscow is unable to reach recruitment targets.

This pain has produced a net gain of just 81.1sq km for Russia, according to the Institute for the Study of War, a Washington-based think tank that assesses territorial movements using geolocated open sources, and the trend of gains to losses is improving in Ukraine’s favour.

If June was a disastrous month for the Russian operation, netting it just 30sq km, July has so far been worse, with Russian forces making net losses of 1.6sq km a day, according to the ISW.

Meanwhile, Russia’s war economy, which boomed in 2022-24, has seen growth this year flatten at just 0.2 percent, Russian President Vladimir Putin admitted.

Ukraine has replaced defence ministers and commanders-in-chief before, but this was the first simultaneous shake-up of the war and seems to have come amid an internal debate about strategy.

On the day after Fedorov’s ouster, which produced street protests against the move, Syrskii spoke of “an effective strategy that is currently demonstrating concrete results”.

A day after his own sacking, Syrskii wrote a column on the Militarnyi news website saying, “The Minister should not … be a war strategist. This is not his task and not his responsibility.”

“War strategy, planning of operations, the situation on the front — by law, I am responsible to the Supreme Commander-in-Chief,” he said.

The nub of disagreement seems to have been unmanned warfare.

Syrskii created the world’s first Unmanned Systems Forces, the SBS, and fought the world’s first war in which First Person View (FPV) drones caused an estimated 95 percent of enemy casualties.

Ukraine’s middle and long-distance drones have devastated Russian logistics and oil supply, slackening the force it can deliver to the front.

Fedorov pressed hard in this direction during his six months on the job, buying more drones in four months than the Defence Ministry had bought in all of 2025, and even spending soldiers’ payroll money to swell orders.

Syrskii disagreed. “Against us is an enemy that is superior in everything, who fights, in particular, with artillery, aviation, and infantry. I cannot transfer a million-strong army ‘to drones’ in two months and say: now we are fighting like this,” he wrote on Militarnyi.

Ukrainian President Volodymyr Zelenskyy, who recently told The Financial Times that “the sky will be decisive in this war,” said on July 20 he was “continuing to determine what adjustments should be made to Ukraine’s defence strategy and what priorities in production and supply to the military must be implemented as quickly as possible”.

What is Ukraine doing that is working?

Ukraine developed the use of short-range drones on the battlefield to reduce its own exposure and lower casualties. That strategy has yielded results, effectively halting Russia’s advance this year.

Syrskii said Ukraine gained more territory than it lost in May, the month in which it began to strike Russian logistics using the overland route from Russia into its southern regions of Zaporizhia and Kherson.

By the end of May, Ukraine was also disrupting logistics in the eastern regions of Luhansk and Donetsk, forcing Russia to float fuel and materiel across the Sea of Azov to Crimea. Ukraine then targeted those ships.

Since June 6, Ukraine’s commander of the Unmanned Systems Forces Robert Brovdi said, Ukraine had disabled 196 fuel tankers and destroyed three-quarters of Russia’s ferry capacity across the Kerch Strait, the closest crossing from Russia’s Krasnodar Krai to Crimea.

As an added benefit, Brovdi said, Russia had been forced to redeploy 200 units of its own unmanned forces command, called Rubicon, to protect an equal number of ships, weakening its frontline.

“That’s how many vessels will be destroyed by SBS “Birds” in the Black and Azov Seas during the remainder of July and the first half of August – it’s a matter of honor,” he wrote on his Telegram messaging channel.

The SBS has also struck 117 electrical substations and power stations this month, Brovdi said, most of them in Crimea, plunging much of the peninsula into darkness.

Apart from hampering the armed forces and the economy, that has been a drain on Moscow, which was earmarking five billion rubles ($64mn) in compensation for darkened homes and furloughed employees, in addition to measures announced the week before.

Ukrainian Navy spokesman Dmytro Pletenchuk said Russian shipping had been paralysed in the Sea of Azov, and that the Kerch Bridge was being allowed to stand “so that the Russians can leave the Ukrainian Crimea,” because “it will reduce our losses during possible future actions directly in Crimea.”

Ukraine’s long-range strikes this week destroyed a Tupolev-95 strategic bomber at the Engels airfield 800km from Ukraine, and a MiG-29 fighter plane at the Khalino airfield in Kursk, in addition to numerous air defence radars and launchers.

Ukraine also struck the Slavneft-Yanos refinery in Yaroslavl, which it described as the largest “in the central part of the country”.

In a shift from its usual military and energy targets, Ukraine struck four warehouses of the Wildberries online retail group, which it suspects Russian recruits use to order much of their protective gear and weapons.

Russia has retaliated this month by targeting Ukraine’s port infrastructure on the Black Sea, to prevent it from exporting the grain harvest.

Container shipper Maersk said on July 22 it was diverting container traffic originally intended to be offloaded at Odesa or Chornomorsk to Romania’s Constanta. This also meant that Ukrainian outbound container traffic waiting in Chornomorsk could not be loaded unless moved to Constanta.

Ukraine has retaliated in turn, claiming to have bottled up Russia’s grain exports coming down the Don river to the Sea of Azov, via which Russia exports 30 percent of its grain.

Russia is also retaliating by increasing the number of ballistic missiles in its nightly strikes on Ukraine’s cities.

Since June 26, Russia has included missiles in almost every strike, contrary to past practice, when it held back its missiles for one massive combined missile and drone strike a week.

Ukraine says it has learned how to intercept 95 percent of drones and 87 percent of cruise missiles, but fewer than half of Russia’s ballistics.

“You hope that ballistics will do for you what everything else has failed to do,” Zelenskyy wrote to Putin in June.

An analysis by Militarnyi suggested Russia was dipping into its missile reserves to achieve this, using more than its monthly production capacity in the first two weeks of July.

PHILADELPHIA — The Dodgers’ game against the Phillies on Tuesday began in a rain delay. First pitch would be pushed back to 5 p.m. PDT, the home team announced.

Inclement weather Tuesday afternoon included a flash flood warning in the area and rain in the forecast for much of the evening.

The Dodgers already had one rainout during this East Coast road trip. Their game Saturday against the Yankees was postponed by a day, setting up a doubleheader on Sunday.

July 10 (UPI) — On this date in history:

In 1925, the so-called Monkey Trial, in which John Scopes was accused of teaching evolution in school, a violation of state law, began in Dayton, Tenn., featuring a classic confrontation between William Jennings Bryan, the three-time presidential candidate and fundamentalist hero, and legendary defense attorney Clarence Darrow.

In 1962, the United States launched the first telecommunications satellite, Telstar, into orbit, which relayed TV pictures between the United States and Europe.

In 1985, Coca-Cola, besieged by consumers dissatisfied with the new Coke introduced in April, dusted off the old formula and dubbed it “Coca-Cola Classic.”

File Photo by Stephen Shaver/UPI

In 1989, Mel Blanc, the voice of Bugs Bunny, Daffy Duck and countless other Warner Bros. cartoon characters and radio and TV comic creations, died from complications of heart disease. He was 81.

In 1991, Boris Yeltsin was inaugurated as the first freely elected president of the Russian republic.

In 1992, former Panamanian dictator Manuel Noriega was sentenced to 40 years in prison for cocaine racketeering.

In 2009, General Motors completed its race through bankruptcy with the signing of a contract with the U.S. government, which got 61 percent of the company. The recovery plan included considerable shrinkage, including the closing of factories and layoffs of 21,000 union workers.

Then-General Motors CEO Fritz Henderson attends a press conference in New York City on June 1, 2009. File Photo by John Angelillo/UPI

In 2011, media mogul Rupert Murdoch’s News of the World, Britain’s best-selling weekly newspaper, abruptly ceased publication amid allegations that its reporters and investigators had hacked into telephones of royalty, politicians, celebrities, homicide victims, families of fallen soldiers and others to illegally gain material for stories.

In 2012, an Israeli court acquitted former Prime Minister Ehud Olmert of corruption but found him guilty of breach of trust. The charges stemmed from a period before he was PM.

In 2018, divers rescued the last of the 12 boys and their soccer coach from a flooded cave in Thailand, where they’d been trapped for more than two weeks.

In 2024, the original Hermes Birkin bag — designed by Jean-Louis Dumas specifically for actor and singer Jane Birkin in 1985 — sold for $10 million at auction in Paris. A Japanese business executive, Shinsuke Sakimoto, won the bidding, making it the most expensive handbag ever sold.

File Photo by John Angelillo/UPI

July 7 (UPI) — Leaders of the Western world’s premier military alliance will gather in Ankara on Tuesday for the start of this year’s NATO summit, with support for Ukraine and questions over U.S. President Donald Trump‘s commitment to the pact expected to dominate the two-day meeting.

The summit in Turkey’s capital is formally focused on reviewing progress made since last year, when the leaders of NATO’s 32 members agreed to raise their annual defense-related spending from the previous 2% target to 5% of gross domestic product by 2035 amid growing global security concerns.

Major new policy pronouncements are not expected, though several large arms deals are. The focus of the two-day summit will be on progress toward that defense-investment plan and how allies intend to spend the money to increase weapons production, cooperation and joint procurement.

Attention will also be on Trump and the U.S. commitment to NATO after his administration announced earlier this year that it would withdraw some American troops from Germany.

Long a demand of Trump’s, the increase in defense spending has done little to curb the American president’s long-held criticism of the alliance, which has intensified since NATO allies offered limited support for the U.S. war against Iran.

Trump departed Maryland’s Joint Base Andrews aboard Air Force One for Turkey a little after 9:40 EDT Monday, with State Secretary Marco Rubio, Treasury Secretary Scott Bessent, Defense Secretary Pete Hegseth and a number of aides with him.

Trump is expected to meet with Zelensky during the summit.

The two spoke Saturday, according to the Ukrainian leader, who said he called the U.S. president to congratulate him on the United States’ Independence Day.

“We are grateful to the United States for all the assistance we have received — from Javelins and Patriots to political support — and we deeply value that America stands by us in defending our independence,” he said online, adding that they had discussed the situation in the Ukraine-Russia war.

“We have agreed to continue these discussions during the NATO Summit in Ankara,” he said.

On the eve of the Fourth of July, Trump also spoke with Russian President Vladimir Putin for nearly 90 minutes, according to the Kremlin, which said in a statement that they discussed “the Ukrainian settlement, including in light of Donald Trump’s upcoming participation in the NATO Summit.”

The Kremlin said Putin framed the current situation of the war as Russia “steadily advancing” despite Ukraine making recent gains and expanding its long-range attacks.

However, Russia has been targeting Kyiv with massive attacks leading up to the summit. Zelensky has been calling on allies for additional long-range weaponry, or the ability to produce the arms themselves, arguing that if Ukraine can batter Moscow how the Kremlin has been hitting Kyiv, an end to the war could be rapidly secured.

“We have proven to all our partners both the need, and more importantly, the possibility of providing greater protection of lives,” Zelensky said in a Monday statement.

“It is simply nonsensical that, in today’s world, production has still not been scaled up to the level that is actually needed to protect people from ballistic terror. We have long made the case that we are capable of producing such defensive weapons ourselves. If Ukraine were granted U.S. licenses to produce Patriots, our own production would be sufficient both to protect Ukraine and to help partners in need.”

The U.S.-based Institute for the Study of War said Monday night that Russian forces were likely timing these large-scale strikes to send a political message ahead of the summit.

NATO leaders are meeting in Ankara, Turkiye on Tuesday and Wednesday.

The summit gets underway as US President Donald Trump renews pressure on member states over defence spending. European nations are expected to respond with billions of dollars in new military contracts.

At the NATO summit last year, members agreed to increase their target to 5 percent of GDP: 3.5 percent on military spending by 2035 and 1.5 percent on security-related needs.

Who is there and what is at stake?

Leaders from all 32 NATO member states are at the summit in Turkiye this week.

Two non-alliance heads of state will also be there: Ukraine’s Volodymyr Zelenskyy and South Korea’s Lee Jae-myung.

Australia, Japan and New Zealand are sending defence or foreign ministers, as are Gulf countries affected by the US-Israel war on Iran: Bahrain, Kuwait, Qatar and the United Arab Emirates.

Syrian President Ahmed al-Sharaa is not expected to attend the summit but is holding a bilateral meeting with Trump in Ankara.

What Trump wants from NATO allies

Trump has questioned NATO’s value since his first presidential campaign. He argued that the US carried an unfair share of the costs. At the time, only five countries spent the agreed two percent GDP on defence.

His questions about shared defence responsibility have produced some results in recent years within the alliance as member states pledged an increased defence budget.

Ozgur Unluhisarcikli, the German Marshall Fund’s regional director for Turkiye, believes NATO this year will focus on implementing its promises from last year. “NATO allies just decided to increase their defence spending to five percent last year at The Hague and European allies took action to upgrade their defence industries,” he said. “This year in Ankara the discussion will be on how to translate spending to capabilities. It is therefore stronger than it was last year.”

But Paolo von Schirach, president of the Global Policy Institute, noted that any capability gains from increased spending are years away, saying that more orders mean more military hardware but only eventually. “You can spend a lot and obtain not too much,” he said.

What Ukraine needs from this summit

Ukrainian President Volodymyr Zelenskyy is meeting Trump for a bilateral meeting on Wednesday. Ukraine is not a NATO member.

Zelenskyy will be using his face-to-face with the US president to request additional Patriot air defence systems as Russian attacks are intensifying on Ukrainian cities. A drone attack on the Ukrainian capital Kyiv killed at least 11 people on Monday morning.

Jack Watling, a senior research fellow at the Royal United Services Institute said that Ukraine is looking for ongoing political and military technical support from alliance members, to signal to Russia “that this support will be sustained”.

The idea, he said, was “to show Russia that there will be no diminution in its defensive capacity over the next 12-24 months”.

“There is a direct correlation between the number of interceptors supplied to Ukraine and the damage that Russia can inflict with ballistic missiles,” says Watling.

What European nations are trying to solve for

The billions in contracts expected to be announced by European nations at this summit are seen by some analysts as trying to appease the Trump administration.

When European nations didn’t join the war on Iran, Trump stated he didn’t want their money, just their “loyalty”. He added he might not have attended the summit if it wasn’t hosted by Turkish President Recep Tayyip Erdogan. Turkey has in recent years not only increased its defence spending, it also has grown into one of NATO’s largest military exporters.

For now, the tone around defence spending remains sharp. On the eve of the summit, Trump called Germany’s defence spending “ridiculous”. Chancellor Friedrich Merz defended his country’s budget, saying that “this is the greatest effort we have ever made to strengthen our defence capabilities”.

Meanwhile, the US has gone a step beyond rhetoric and announced a phased withdrawal of warplanes, destroyers and submarines from NATO countries. “Less US infantry or armour in Europe has an impact on messaging but little else,” Watling said. But, he added, “the withdrawal of US air power has a more tangible impact”.

Whether the alliance can project unity amid the rhetoric and withdrawals is a key question, said analysts.

“The main value of this summit is political, it shows that the allies are still talking, still meeting, still trying to project unity, even if the underlying disagreements and doubts haven’t disappeared,” von Schirach of the Global Policy Institute said. “Ankara is more about reassurance and signalling than about concrete, immediate changes on the ground.”

In the city of Nabatieh, ambulance teams, civil defense units, scouts, municipal workers, and residents joined forces in a large cleanup campaign to remove rubble and reopen streets following extensive destruction caused by the Israeli war on Lebanon.

The new 210-member parliament takes shape, marking a historic shift after decades of Assad family rule.

The first parliament in Syria’s post-Assad era has taken shape with the release of a list of 70 legislators picked by President Ahmed al-Sharaa.

The inauguration of the new parliament on Wednesday shows the country is moving ahead with drafting laws as the nation works on recovering from decades of iron-fist rule under longtime ruler Bashar al-Assad, who was ousted in December 2024 after more than 13 years of civil war, which killed about half a million people.

The head of Syria’s electoral committee, Mohammed Taha al-Ahmad, told reporters that the new 210-member legislature will hold its first meeting on Monday, when the new members will be sworn in, and the parliament’s presidential council will be elected.

Interim President al-Sharaa directly appoints one third of the 210 seats. His list of 70 legislators includes 15 women, raising the number of female members in the legislature to 22.

Syria held the first phase of its parliamentary elections in October last year while excluding the southern province of Suwayda, a predominantly Druze governorate and where no date has been set yet for a vote due to security concerns.

The October vote also excluded northeast Syria, which was under Kurdish control. A vote in that region was held in May after government forces took control of the area during deadly clashes earlier this year.

The new parliament also includes representatives of the Alawite community and two legislators from Suwayda.

“Initially, there was a very small portion of the elected members that were from some of the minority groups, such as the Kurdish community,” said Al Jazeera’s Obaida Hitto, reporting from the capital Damascus.

“The appointees by the president remedied that by adding several more Kurdish members from the Hasakah governorate,” Hitto added.

The new parliament will have a 30-month term and work on a new elections law while preparing the ground for a popular vote in the next elections, according to al-Ahmad, as a test for the country’s transition.

Seoul Mayor Oh Se-hoon promised Wednesday to provide more opportunities for the younger generation, who are facing severe economic threats, including drastic changes in the job market, as he began his fifth term at the helm of the city government.

Oh was reelected for a fifth term in the June 3 local elections — the first such case in South Korea’s political history. During his inauguration ceremony held at Seoul City Hall, he delivered five pledges, including providing Seoul’s youth with education and housing.

“Today’s youths are facing great pressure to survive more than ever before amid rapid job transformations, technological shifts and high housing prices,” the newly inaugurated mayor said.

Oh said he would ensure that every young citizen can learn and utilize artificial intelligence (AI) so that no one gets isolated from ongoing technological developments.

“I will make a Seoul where people can grow as much as they work and be recognized solely for their skills,” he emphasized.

Oh also promised to supply 310,000 newly built housing units by 2031 and complete urban railway projects to open an era where “a subway station is within a 10-minute walk of every home.”

He further pledged to create a city where residents can find a place to exercise within a 10-minute walk from their homes and vowed to revitalize local commercial districts by providing comprehensive support for small business owners.

“Making Seoul a global top three city is not just about raising its international ranking,” Oh said. “It means transforming it into a city where global citizens want to visit and where our residents want to live for a lifetime.”

Oh previously served his first two terms as the capital’s mayor from 2006 to 2011, when he voluntarily stepped down after losing a municipal referendum on a citywide free lunch program.

Following a decadelong hiatus from public office, Oh made a dramatic comeback by winning the 2021 mayoral by-election, stepping into his third term. After finishing his third term and winning reelection in 2022, he served his full fourth term until this year.

“I will work with the mindset that true achievements are only those felt by the citizens,” Oh said.

Copyright (c) Yonhap News Agency prohibits its content from being redistributed or reprinted without consent, and forbids the content from being learned and used by artificial intelligence systems.

The National Assembly on Thursday launched formal procedures for a potential parliamentary investigation into ballot shortages reported during last week’s local elections, with requests for the probe submitted by both the ruling and opposition parties being reported to a plenary session.

The head of the Proceedings Division of the National Assembly Secretariat said that the requests for a parliamentary probe were submitted separately by the ruling Democratic Party (DP) and the main opposition People Power Party (PPP), with all lawmakers from each party sponsoring their respective requests.

The move marks the first step toward establishing a special parliamentary committee to examine allegations of mismanagement by the National Election Commission during the voting process.

The establishment of the committee is expected to undergo negotiations, as proposals from the DP and the PPP differed over the scope of the probe and the number of seats to be allotted to each party on the committee.

The PPP has argued that a separate special counsel probe should be launched alongside the parliamentary investigation, while the DP has maintained that such a move should be considered after the parliamentary probe.

In a meeting chaired by National Assembly Speaker Cho Jeong-sik, the rival parties shared a consensus on holding a plenary session as early as next week to adopt a plan for the parliamentary probe, according to officials.

Separately, the PPP’s new floor leader Jeong Jeom-sig met with Hong Ik-pyo, presidential secretary for political affairs, and stressed the need for a special counsel probe into the incident.

Hong said the presidential office would be open to the idea of a special counsel investigation if the rival parties reach an agreement, according to PPP spokesperson Choi Soo-jin.

Ballot shortages were reported at more than a dozen polling stations in Seoul during last Wednesday’s local elections, temporarily disrupting voting and prompting protests by people alleging election fraud.

Copyright (c) Yonhap News Agency prohibits its content from being redistributed or reprinted without consent, and forbids the content from being learned and used by artificial intelligence systems.

England took less than a session on the fourth day of the first Test against New Zealand to begin their post-Ashes rebuild with a much-needed victory.

In their first Test since their 4-1 defeat in Australia, England exploited the devilishly difficult batting conditions on a poor Lord’s pitch to beat the tourists by 115 runs and take a 1-0 lead in the three-match series.

From 55-5 overnight in their chase of 254, New Zealand’s disappointing week was complete when they were hustled out for 138, thanks chiefly to Gus Atkinson’s 5-30.

After Saturday’s third day was almost entirely lost to rain, England required only seven deliveries on an overcast Sunday to resume their wicket-taking -Josh Tongue getting one to skid into the prone pads of Tom Blundell.

With the ball moving up and down, and side to side, Glenn Phillips began an overdue New Zealand counter-attack.

Phillips and Devon Conway added 53 for the seventh wicket, helped by Harry Brook putting down Conway at second slip.

But after England captain Ben Stokes induced a miscue from Conway, the end came quickly.

Nathan Smith edged behind, Kyle Jamieson clipped to mid-wicket and last man Matt Henry was bowled, all by Atkinson, giving the Surrey man yet another place on the Lord’s honours board.

The rapid, seam-dominated nature of this match followed a recent trend of matches involving England. Two of the Ashes Tests were done in two days, while this was the first Test in this country without a single delivery of spin bowled by either team since 1988.

The hope is the surface for the second Test at The Oval, beginning on 17 June, produces a more satisfactory contest.

WASHINGTON — The Senate is beginning a long series of votes Thursday on legislation to fund President Trump’s immigration enforcement agencies, moving toward passage of a three-year fix as Democrats have blocked the money for months in protest.

The roughly $70 billion bill to fund U.S. Immigration and Customs Enforcement and the Border Patrol would end the blockade by Democrats who demanded policy changes after the fatal shootings of two protesters by federal agents in January. The bill would fund the agencies for three years, through the end of Trump’s term.

First, though, Republicans must beat back a potential gauntlet of amendments that Democrats plan to offer, including to try and permanently ban Trump’s $1.776 billion settlement fund for allies who he believes have been politically persecuted. Democrats have said their first amendment Thursday morning will be to eliminate the fund and send the immigration spending bill back to committee.

Senate Republicans are using a complicated procedural maneuver to get around the filibuster and pass the budget legislation with no Democratic votes. But it has taken weeks to get the bill to the Senate floor as Republicans navigated various obstacles to passage created by Trump and the White House — including a $1 billion proposal for White House security that they eventually scrapped and fierce bipartisan backlash to the settlement fund.

“The thing we’re trying to do here is to keep the focus on funding for ICE and CBP,” Senate Majority Leader John Thune said Wednesday evening, after the Senate voted to start debating the legislation. “This was narrow and targeted from the very beginning and clean, and we’re trying to maintain it that way.”

But it’s unclear if Republicans will have enough votes to fend off the Democratic amendments. Acting Attorney General Todd Blanche said this week that the fund would not move forward, and many GOP senators said Wednesday that they were satisfied with his remarks.

Yet Trump, who has been at odds with Senate Republicans in recent weeks, raised new doubts about the settlement’s future on Wednesday afternoon when he told reporters that the settlement is “very important” and said “I don’t know” whether it is dead or on hold.

“I’d have to ask the lawyers,” he said.

Democrats, Republicans plan to force votes on settlement

To pass legislation through the budget process called reconciliation, the Senate must first hold a long series of votes. Democrats are using that process to try and ban the settlement by law — and also kill the immigration spending bill.

After Trump’s comments about the fund, Schumer posted on X that “this is EXACTLY why” Democrats would be forcing votes to ban it.

Some Republicans also planned to try and put Blanche’s promise in writing. Sen. Thom Tillis, R-N.C., has said he will offer an amendment to block any attempt at resurrecting the fund.

“We’ve got a sufficient number of Republicans who have been very clear they’ve got concerns there,” said Tillis.

ICE and Border Patrol money has been long fight

Democrats say any funding bill for the Homeland Security Department should place restraints on federal immigration authorities, including better identification for federal officers and more use of judicial warrants, among other asks.

After federal agents shot Renee Good and Alex Pretti in Minneapolis, Trump agreed to a Democratic request that the Homeland Security bill be separated from a larger spending measure that became law. But bipartisan negotiations went nowhere, and the DHS funding lapsed in mid-February with no agreement on changes to the Trump administration’s immigration enforcement tactics.

Congress eventually funded the rest of the Homeland Security Department at the end of April with Democratic support. But ICE and Border Patrol remained without regular funding, and Republicans launched a new effort to pass three years of funding for those agencies with no Democratic votes.

Security money for Trump’s ballroom dropped

Work on the legislation was also delayed by Republican opposition to $1 billion in security funding for the White House, including for Trump’s new ballroom, that was added to the original bill.

Democrats and some Republicans questioned using taxpayer money for the massive project, and Republicans did not include it in the final bill when it was released on Wednesday.

Thune said he was working with his GOP conference to try and fight off any amendments and ensure he has enough votes for a simple majority to pass the bill in the 53-47 Senate.

“Keep in mind, we’ve got to keep them all together, make sure we’ve got 50 votes for it,” he said.

Republican House leaders said Wednesday they would like to clear the legislation before the end of the week, if the Senate can finish it. House Majority Leader Steve Scalise, R-La., said that House leaders were having internal conversations about the schedule.

“We just need to make sure everybody’s there,” Scalise said.

Jalonick and Cappelletti write for the Associated Press.

A Gaza-bound ship carrying aid has begun its voyage from Sweden, weeks after Israeli forces abducted activists on a similar mission in international waters. The ‘Handala II’ vessel says it is carrying humanitarian supplies for Palestinians to break the Israeli blockade on the enclave.

May 22 (Asia Today) — Samsung Electronics labor unions began voting Thursday on a tentative wage agreement, but sharp divisions between the company’s semiconductor and device divisions are emerging as a major source of tension.

Choi Seung-ho, chairman of the Samsung Electronics branch of the Korean Metal Workers’ Union-affiliated Samsung Group labor organization, said he would hand over 2026 negotiations to the remaining union leadership and seek a confidence vote if the agreement is rejected.

“The union must follow the will of its members,” Choi said. “I will not change my direction.”

Samsung Electronics unions began voting on the tentative agreement at 2:12 p.m. Thursday. The vote will continue through Tuesday.

Attention is focused on whether growing conflict between the semiconductor-focused Device Solutions division and the Device Experience division, which oversees consumer electronics and mobile businesses, could affect the outcome.

Under the tentative agreement, employees in the semiconductor division are expected to receive large performance bonuses. Workers in the nonmemory semiconductor business could receive about 200 million won ($146,000), while memory semiconductor employees could receive up to 600 million won ($437,000).

By contrast, DX division employees are expected to receive company stock worth about 6 million won ($4,400). Additional performance bonuses also appear uncertain due to weaker business results this year.

Labor groups with many DX employees, including the Donghaeng union and the Suwon branch of the National Samsung Electronics Union, strongly criticized the agreement as rushed and overly centered on memory chip workers.

The Donghaeng union also claimed its members were excluded from the vote, raising concerns about voting rights.

The umbrella union organization said voting rights apply only to union members listed as of 2 p.m. Wednesday within labor groups participating in the joint bargaining body.

Donghaeng union officials, however, said the umbrella union had previously told member unions by email that all voting rights would be respected before later reversing its position.

The Donghaeng union reportedly grew from about 2,600 members to 12,000 members, most believed to be from the DX division.

Some DX employees argue the semiconductor division’s current profits were made possible in part because DX business performance supported companywide investment during weaker periods for semiconductors.

Complaints have also continued during negotiations that discussions were centered on the semiconductor division rather than the DX business. Some workers have even filed a court injunction seeking to invalidate the bargaining process.

For the agreement to pass, more than half of eligible union members must participate and a majority of votes cast must support the deal.

Samsung Electronics employs about 77,300 workers in the semiconductor division and about 51,700 in the DX division. The umbrella union has about 57,290 members, while the National Samsung Electronics Union has about 8,176 members.

If the agreement is rejected, negotiations would resume and the possibility of a strike could increase.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260522010006743

SpaceX founder Elon Musk announced plans on Wednesday for one of the biggest stock sales ever, by taking a space company public that is currently losing billions of dollars a year.

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A filing shows that SpaceX lost $2.6 billion (€2.24bn) from operations last year on $18.7 billion in revenue, and the losses continued at the start of this year.

The prospectus did not put a dollar figure on the amount Musk hopes to raise, but various reports have estimated it at around $75bn (€64.5bn). An offering of that size would easily surpass the current title holder, Saudi Aramco, the oil giant that went public seven years ago and raised $26bn (€22.4bn).

SpaceX, formally known as Space Exploration Technologies Corp., said the money will help finance projects to put people on the Moon and Mars, as part of its goal to make humans an interplanetary species in the face of existential threats that could wipe out civilisation.

“We do not want humans to have the same fate as dinosaurs,” the filing states.

The prospectus reads, in part, like a Hollywood-style vision of the future, detailing in one section that part of Musk’s compensation will be granted only if he maintains “a permanent human colony on Mars with at least one million inhabitants.”

Short of that, the stock sale alone could make Musk — the founder and a major shareholder of SpaceX — the world’s first trillionaire. Forbes currently estimates his net worth at $839bn (€722bn), roughly equivalent to Poland’s annual GDP.

Losses mount despite strong revenue and Starlink growth

In addition to making reusable rockets to send astronauts into orbit, SpaceX has other businesses, some successful and others struggling, with plenty of question marks.

The document shows that Starlink, the world’s largest satellite communications company, is a major source of cash, generating $4.4bn (€3.8bn) in operating income last year. The business uses 10,000 satellites in low orbit to provide internet service to 10 million people in 150 countries and territories.

Among the struggling businesses are two Musk ventures recently acquired by SpaceX — his social media platform X, formerly Twitter, and his artificial intelligence firm xAI. Those purchases were criticised by some SpaceX investors as bailouts, as both are significant loss-makers.

The prospectus said its AI business lost $6.4bn (€5.5bn) from operations last year.

The original SpaceX business — building rockets and conducting launches — has benefited from major government contracts, raising questions that could come back to affect the company. Given Musk’s close ties to the Trump administration, government ethics lawyers and watchdogs have questioned whether he received preferential treatment in securing taxpayer-funded contracts, and whether that support will continue once Donald Trump leaves office.

SpaceX has won contracts worth $6bn (€5.2bn) from NASA, the Defence Department and other government agencies over the past five years, according to USAspending.gov. The company noted in its filing that one-fifth of its revenue last year came from the federal government.

Musk was the biggest donor to Trump’s presidential campaign and remains a major backer, despite a sometimes rocky relationship following his role in the government cost-cutting effort known as DOGE early last year.

Musk’s pay tied to ambitious targets as he retains firm control

Like many corporate CEOs, Musk’s compensation goes far beyond his annual salary, which was $54,080 (€46,538.5)in 2025 and has remained unchanged since 2019, according to the filing.

The prospectus says stock grants for him will be divided into 15 nearly equal tranches — 67 million shares each — and will vest only as the company reaches preset market capitalisation targets. In addition to the Mars colony milestone, SpaceX’s market value would need to reach $7.5 trillion (€6.45tr) for him to receive the full award.

He would receive additional stock awards if SpaceX succeeds in deploying giant data centres the size of football fields in space.

The document shows Musk will retain significant control over the business.

It states that he and certain other shareholders will receive shares in a special class of stock that gives them 10 votes per share. These shareholders will be able, among other things, to elect a majority of the company’s board of directors.

“This will limit or preclude your ability to influence corporate matters and the election of our directors,” SpaceX said in a warning to prospective investors.

SpaceX will be able to market the offering to investors — in what is known on Wall Street as a “roadshow” — 15 days after making its prospectus public. In this case, that would be 4 June.

May 19 (UPI) — The National Transportation Safety Board began its two-day hearing on Tuesday on the deadly UPS cargo plane crash in Louisville, Ky., that killed 15 people on Nov. 4.

The NTSB released the agenda of the hearing as soon as it began at 8 a.m. EDT in Washington, D.C. The hearing will continue to 6 p.m. Tuesday, and 8 a.m. to 1 p.m. Wednesday at the NTSB Boardroom and Conference Center in Washington.

The NTSB has investigative hearings to find the facts and circumstances of transportation accidents or incidents under investigation, a press release said. The hearing is open to the public, but only NTSB board members, investigators, witnesses and parties to the hearing are allowed to participate.

The crash is the deadliest in the history of UPS. All three crew members on UPS Flight 2976 died, as well as 12 others on the ground, several of whom were working or shopping at nearby businesses. The crash also injured about 23 others.

The NTSB’s preliminary report showed that fatigued and overly stressed connecting pylons likely caused the left engine to detach from the McDonnell Douglas MD-11. The engine fell from the aircraft as it was taking off from the Louisville Muhammad Ali International Airport. The aircraft crashed into the ground and burst into flames. The fully fueled flight was intended for Honolulu.

The preliminary report said cracks caused by fatigue and signs of excessive mechanical stress were found in the pylon that connected the left engine to the wing. The plane was 34 years old and had recently undergone maintenance in San Antonio.

The engine-mounting hardware was last inspected in October 2021. It wasn’t due for another inspection until the aircraft completed 7,000 more flights, the NTSB said. The preliminary report showed no apparent pilot errors.

The NTSB invited several groups to participate in the hearing: the Federal Aviation Administration, UPS, The Boeing Company, GE Aerospace, Teamsters Airline Division, Independent Pilots Association and Collins Aerospace.

The hearing panel includes accident investigators and engineers. They will hear from nine witnesses on Tuesday. A new panel will hear from four witnesses from the FAA and Boeing on Wednesday.

In January, UPS announced it was retiring all MD-11 planes and was reducing its workforce by 30,000.