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Rebekah sold her car and put all her clothes on Vinted to raise enough for an open-ended trip

A woman saved £18,000 in just seven months to travel the world – by selling her wardrobe on Vinted. Rebekah Swatton, 26, has spent the past seven months aggressively saving for an open-ended trip abroad after a previous journey forced her to rethink her relationship with money and possessions.

Her outlook on life changed dramatically after the sudden death of her boyfriend from a cardiac arrest five years ago, an experience she says made her realise that “nothing in life is certain”. Last March, she embarked on a six-month backpacking adventure across Australia, Africa, and Asia, taking a sabbatical from her job at Lloyds Banking Group.

But when she returned to the UK in September, she says she was struck by how little she actually needed the possessions waiting for her at home. That realisation sparked a drastic lifestyle change.

Rebekah sold her car, worked up to 20 hours of overtime each week and cleared out the majority of her wardrobe on Vinted – ultimately building up savings of £18,000 for her next trip to South America. Rebekah, from Powick, Worcestershire, said: “I had been away for so long that when I came back I realised I had been living without any of these extra material things happier than I was living with them.”

Rebekah began saving in 2022 following the sudden death of her boyfriend of six months, who passed away from an undiagnosed underlying heart condition. Rebekah said: “It really made me wake up and I felt that nothing is certain going forwards. I’d gone straight from college into career mode without thinking.

“I’d always said I wanted to travel and this really catalysed my first trip, as I want to live my life to the fullest.”

Last March, Rebekah set off on a six-month backpacking adventure, travelling through Australia, the Philippines, Cambodia, Vietnam, Kenya, and Tanzania. When she returned, Rebekah decided to completely change the direction of her life and pursue travelling full time.

She said: “It was such an amazing time. I really enjoyed feeling free and experiencing new things each day. But once I got back and realised I wanted a change, I decided next time I left I would leave my job permanently and not return to the UK for at least a few years.”

With that commitment in mind, Rebekah knew she would need to build up substantial savings to support herself on an open-ended trip with no fixed return date. Rebekah said: “Since I’ve been back, I’ve been living with my parents, which of course helps keep outgoings down.

“I have been working my £30,000 banking job full time plus an extra 15 to 20 hours over time each week. I sold over 200 items on Vinted, from clothing to accessories to random trinkets and also sold my car for £2,500.

“This, plus working 60 hour weeks and living with my parents, meant I saved nearly £20k for the next time I leave the country.”

Rebekah has booked a flight to Guatemala for the first week of May, with plans to travel through South America from there. She said: “I’ve planned out the first couple months of my trip with flights and loose accommodation.

“But I know over the next six months I want to travel through Guatemala, Columbia, Peru, Bolivia, Brazil, Argentina, and Chile.”

The United States-Israel war on Iran has inflicted the greatest disruption to merchant shipping since the back-to-back shocks of the COVID-19 pandemic and Russia’s invasion of Ukraine.

Since the start of the war in late February, shipping lines have faced attacks on their vessels, lengthy delays and steep rises in operating costs.

Yet even after more than four months of turmoil for the industry, the most enduring legacy of the war for shipping may end up being just how little it ultimately changes.

While shipping firms are expected to more explicitly factor risk into their expenses and diversify supply chains where possible in the future, the indispensable nature of seaborne trade means the industry is likely to continue much as before over the long term, analysts say.

That is likely to be especially the case for the container shipping industry, which, unlike the operators of the oil and gas tankers whose dislocation has roiled energy markets, is not heavily reliant on the Strait of Hormuz to transport its cargoes, which range from agricultural produce to apparel and consumer electronics.

While there is no alternative to the strait to access oil-producing Gulf nations by sea, container shipping firms have had the option of redirecting their vessels along longer alternative routes to avoid conflict in the region, including attacks by the Iran-aligned Houthis in the Red Sea.

The global shipping industry has long stood apart for its resilience in the face of crises, bouncing back from major upheaval at remarkable speed.

In 2020, the first year of the COVID pandemic, global container shipping volumes fell by just 1.2 percent compared with the previous year, according to the Baltic and International Maritime Council (BIMCO), one of the world’s largest associations for shipowners.

By January 2021, the volume of cargo handled at ports worldwide had already surpassed pre-pandemic levels, rising 6.4 percent year-on-year, according to data from the Institute of Shipping Economics and Logistics.

By contrast, it took more than four years for global air travel to fully recover from the shock of COVID-19.

While the Iran war and Houthi attacks in the Red Sea since 2023 scrambled regional supply chains, shipping companies have been rapidly adding capacity since Washington and Tehran signed their memorandum of understanding on ending the conflict on June 17.

After plummeting from 3.2 million TEU (Twenty-foot Equivalent Unit of cargo) to 74,000 TEU as of mid-June, container capacity in the region has already rebounded to pre-war levels on some routes, according to Xeneta, an ocean and air freight rate market analytics platform.

Capacity between Asia and the United States’ West Coast last week surpassed its pre-conflict record, hitting 350,000 TEU, according to Xeneta.

On Monday, Maersk and Hapag-Lloyd, the second- and fifth-largest container shipping firms, respectively, announced that they would begin sailing through the Suez Canal again for the first time since February, following an assessment of the security situation in the Red Sea.

Shipping is indispensable to global trade, in large part because no other mode of transport comes close in terms of capacity and cost-effectiveness.

The world’s largest container ships have capacities exceeding 24,000 TEU – the equivalent of roughly 12,000 trucks, 2,240 cargo planes, or 360 freight trains.

Lacking genuine competition in the transport of goods in huge volumes, shipping facilitates about 90 percent of global trade.

Shipping will look “remarkably familiar” in five years from now because it is an industry driven by demand, said Punit Oza, the head of the consultancy Maritime NXT and the former executive director of the Singapore Chamber of Maritime Arbitration.

Even the most severe conflict cannot change the “physics or the economics” of seaborne trade, he said.

“Ships do not sail because shipowners want them to; they sail because consumers somewhere want grain, iron ore, gas, or televisions,” Oza told Al Jazeera.

“It is the consumers of shipping – the cargo interests, the economies, the households – who ultimately shape the industry, and their demand will endure long after the headlines fade.”

Judah Levine‏, head of research at freight booking company Freightos, said container shipping in the future is likely to look “quite similar” to how it did before the war, with Dubai’s Port of Jebel Ali continuing to serve as the region’s main hub for both Gulf-bound goods and cargoes destined for Asia, Europe, Africa, and the Americas.

But Levine said diversion of cargoes to smaller hubs – such as the UAE’s Port of Fujairah and Khor Fakkan Port, and Port Sultan Qaboos in Oman – during the war offers a preview of the contingencies shipping firms are likely to deploy in future crises.

“All of a sudden, they were handling much larger volumes, and then creating these land bridges, usually to go on to Jebel Ali,” Levine told Al Jazeera.

“Containers find a way,” Levine said.

“It’s kind of like water. They’ll trickle, you know, to where they need to go by other paths.”

Another lasting impact of the war could be greater international cooperation on maritime security and safety.

The International Maritime Organization, the UN body responsible for shipping and seafarers, has listed the protection of shipping lanes as one of its top agenda items for discussion at its biannual meeting taking place from Monday to Friday.

“Seafarers have tragically lost their lives in connection with this conflict, and the impact has been felt well beyond the region, with real consequences for global trade, energy and food security,” IMO Secretary-General Arsenio Dominguez said in opening remarks to the session on Monday.

Ruth Banomyong, a professor of logistics and supply chain management at Thammasat Business School in Bangkok, Thailand, said he expects to see international coordination to strengthen trade routes that integrate both land and sea even as shipping networks remain “largely the same”.

“This means ensuring that maritime transport, ports, inland logistics, customs procedures and alternative land transport options work together as an integrated system when disruptions occur,” Banomyong told Al Jazeera.

“Maritime freedom is no longer just about freedom of navigation. It is about ensuring the continuity of global trade.

“The long-term lesson is not to replace the Strait of Hormuz, but to reduce overdependence on any single transport corridor,” Banomyong added.

Oza, the head of Maritime NXT, said the ad hoc naval coalitions deployed to ensure freedom of navigation during times of conflict could ultimately be succeeded by a multilateral security framework with “regional ownership rather than purely external enforcement”.

“Freedom of navigation is too important to be left to improvisation,” Oza said.

“If there is one consistent lesson from shipping’s long history, it is that human ingenuity always finds a way – pipelines get built, reserves get repositioned, technologies emerge, and trade, like water, finds its path. It will do so again,” Oza added.

“The innovations that follow this war will be a tribute to human resilience; the tragedy is that it took a war to summon them.”

July 3 (Asia Today) — Anthropic, the developer of the Claude artificial intelligence model, is in early discussions with Samsung Electronics about manufacturing a custom AI chip, according to a U.S. technology news report.

The Information reported Thursday, citing multiple people familiar with the discussions, that Anthropic is considering using Samsung’s 2-nanometer manufacturing process and advanced chip-packaging facilities.

The project remains at an early stage. Anthropic has not begun detailed chip design, testing or manufacturing, the report said.

Samsung’s 2-nanometer process is among the most advanced semiconductor manufacturing technologies available. Smaller manufacturing nodes can allow more transistors to be placed on a chip, potentially improving computing performance and energy efficiency.

Advanced packaging places processors, high-bandwidth memory and other chip components closer together. The shorter distance can increase data-transfer speeds and reduce bottlenecks when running large AI models.

Anthropic is studying the functions and performance required for the chip as well as how it could be integrated into servers, people familiar with the matter said. The company is also reportedly holding discussions with several chip-design companies.

Anthropic is considering using processors developed by Microsoft and British chip startup Fractile as it evaluates different approaches to expanding its computing infrastructure.

The company hired Clive Chan in June. Chan was the second hardware engineer to join OpenAI’s custom-chip program and worked on the project from its early stages.

Chan announced his departure from OpenAI and move to Anthropic in a June 7 post on the social media platform X. He said he was drawn by the opportunity to begin climbing a new technological mountain from the bottom.

The recruitment suggests Anthropic is building an internal team capable of designing specialized processors as competition with OpenAI expands from AI models into hardware and data-center infrastructure.

Anthropic raised $65 billion in a Series H investment round completed May 28, giving the company a post-investment valuation of $965 billion.

The funding was led by Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital. Samsung Electronics, SK hynix and Micron participated as strategic infrastructure partners.

Anthropic said the three semiconductor companies provide technologies that play important roles in supplying memory, storage and logic chips.

Samsung is the only one of the three companies that also operates a large contract chip-manufacturing business, raising expectations that its relationship with Anthropic could expand beyond memory supplies.

A manufacturing agreement with Anthropic would give Samsung another major AI customer as the South Korean chipmaker seeks to challenge Taiwan Semiconductor Manufacturing Co. in the market for advanced processors.

Samsung previously signed a $16.5 billion agreement to manufacture next-generation AI chips for Tesla. Google is also reportedly considering using Samsung to manufacture part of a future tensor processing unit.

The potential Anthropic contract could strengthen Samsung’s position as demand for alternatives to Taiwan Semiconductor’s manufacturing capacity increases.

Major technology companies are developing specialized processors to reduce computing costs, improve energy efficiency and gain greater control over their AI infrastructure.

Google has developed several generations of its tensor processing units, while Amazon Web Services operates its Trainium processors for AI training.

OpenAI and Broadcom unveiled Jalapeño, OpenAI’s first custom inference processor, on June 24. Inference refers to the process through which a trained AI model generates responses to user requests.

OpenAI said the processor was developed from initial design to production in nine months. Early deployment is expected by the end of the year.

Broadcom Chief Executive Officer Hock Tan described Jalapeño as the beginning of a multigeneration processor roadmap. The companies plan to install the chips in large-scale data centers operated with partners including Microsoft.

Anthropic said its custom-chip work would not replace its existing relationships with hardware suppliers.

“Nvidia GPUs, Google TPUs and AWS Trainium chips will continue to play a central role in our computing resources,” the company said in response to a request for comment from The Information.

South Korea on Monday unveiled a wider semiconductor investment plan under which Samsung and SK hynix are expected to invest about 800 trillion won ($523 billion) over the next decade.

The plan includes four new semiconductor fabrication plants and expanded production of high-bandwidth memory and advanced packaging technologies used in AI systems.

Samsung has faced yield problems in some previous advanced manufacturing processes. Yield refers to the percentage of usable chips produced from each semiconductor wafer.

The performance and production stability of Samsung’s 2-nanometer process are therefore expected to be critical to its ability to compete with Taiwan Semiconductor for major AI-chip orders.

An industry official said Samsung has become more selective about accepting manufacturing orders, focusing resources on projects considered commercially and technologically viable.

Anthropic is entering the custom-chip competition later than several major AI and cloud-computing companies. However, rapidly rising demand for AI infrastructure is creating opportunities for specialized processors.

TrendForce projects that shipments of servers using cloud companies’ custom application-specific integrated circuits will grow 44.6% in 2026. Shipments of servers using general-purpose graphics processors are expected to grow 16.1%.

Nvidia remains the dominant supplier of AI processors, but the development of chips by OpenAI, Google, Amazon and other technology companies could gradually reduce their reliance on its hardware.

— 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=20260703010001110

SEOUL, June 25 (UPI) — South Korea’s industrial valve maker Komoto said Thursday that it is seeking to expand into the Kazakh market after wrapping up a field demonstration project in the Central Asian country.

The company said that it completed the installation and operational tests of its solar-powered smart flow control and SCADA system at a demonstration site in Kazakhstan.

Short for supervisory control and data acquisition, SCADA is an industrial automation system that enables operators to monitor, control, and collect real-time data from infrastructure remotely.

Following the successful trial, the system received final field performance certification from Kazvodkhoz, Kazakhstan’s state-owned water resources agency, according to Komoto.

The firm noted that the project confirmed the applicability of its technology to remote agricultural waterways and irrigation facilities not only in Kazakhstan but also across Central Asia.

Komoto CEO Ryan MK Ko said that the company plans to expand its presence in overseas water industry markets, particularly in Central Asia.

“Our biggest competitive edge is that our system allows for the stable operation of water management facilities even in remote areas with limited access to commercial power and communication infrastructure, while significantly reducing costs compared with conventional options,” Ko said in a statement.

“Based on the technology and operational data accumulated through pilot projects both at home and abroad, we will further advance our automated control and intelligent water management features,” he added.

Komoto is not publicly listed. It was founded in 1988 with technology and capital support from Motoyama, one of Japan’s leading manufacturers of industrial equipment, including valves.

WASHINGTON — Ever since Kevin Warsh was nominated by President Trump in late January to lead the Federal Reserve, a question has lingered: Will he seek to raise interest rates to tame inflation or cut them as Trump has long demanded?

On Wednesday, Warsh may provide the first hints of an answer when he oversees his first Fed policy meeting as chair and holds a news conference afterward. Bond markets, which can swing sharply on a chair’s pronouncements, will be watching particularly closely for any signs of which way he leans.

“We expect the press conference to be pivotal,” Jonathan Pingle, an economist at investment bank UBS, wrote in a note. “This will be Kevin Warsh’s first public appearance as Chair. … We do not really know what his policy views are.”

Economists say Warsh will likely aim for a neutral approach, largely because he is taking over the Fed at a challenging time. Rising inflation has made it all but impossible for the Fed to cut interest rates anytime soon, which could stimulate growth and further raise prices. Hiring has improved noticeably since the beginning of the year, removing another key rationale for rate cuts. And the other 11 policymakers on the Fed’s rate-setting committee — including Warsh’s predecessor, former chair Jerome Powell — are split on whether an increase in the Fed’s key rate will be needed or if it can stay unchanged.

High inflation puts Fed in tough spot

Oil prices have fallen sharply on news that the U.S. and Iran have reached an initial deal to end their war, which could eventually cool inflation. Yet it’s unclear whether a permanent agreement can be reached.

“The right thing to do now is wait and see,” said William English, an economist at the Yale School of Management and a former top Fed economist.

Inflation has jumped to a three-year high of 4.2%, the government said last week, mostly because of higher gas prices. Even Trump has backed off a bit from his relentless demands for lower rates, and instead has argued that rate hikes — which the Fed undertakes to cool the economy and slow inflation — aren’t necessary.

In an interview earlier this month on NBC’s “Meet the Press,” Trump said, “Kevin is fantastic and I want him to do whatever he wants,” but added, “there’s no reason to raise rates.”

On Wednesday, the Fed is widely expected to keep its key rate at about 3.6%, where it has remained since last December. When the Fed reduces its rate, over time it can lower other borrowing costs for things like mortgages, auto loans, and business loans.

Changes likely to dash hopes for those seeking lower rates

Still, some changes are expected, which will disappoint those hoping for lower borrowing costs: The Fed is likely to drop language that suggests its next move will be a rate cut, and instead adopt wording that is more neutral. Several Fed policymakers in recent weeks have said that the Fed’s most likely next move is a hike, rather than a cut.

The central bank is also scheduled to release its quarterly economic projections, which include forecasts for how the Fed’s key rate will change over the next three years, on Wednesday. In March, those projections suggested the Fed would cut its rate once this year. Yet on Wednesday they will likely show no change in 2026, with maybe one or two cuts next year, economists say.

Warsh has criticized the projections for providing too much “forward guidance” to financial markets and leading Fed officials to stand by their forecasts for too long, even as the economy changes. Fed watchers will look closely to see if Warsh participates in the quarterly projections. If he doesn’t submit his own forecasts, it could be a sign he will seek to get rid of them entirely in the coming months.

Warsh to bring a new approach to Fed leadership

Outside of policy, Warsh is expected to bring a different style to the Fed than Powell, according to people who’ve worked with him. He wants Fed policymakers to give fewer speeches, have more debates behind closed doors and will likely avoid commenting on the daily ups and downs of the economy. Powell was relatively plainspoken and straightforward, while Warsh has suggested he sees the famously oracular Alan Greenspan, the Fed’s chair from 1987 to 2005, as a model.

“He’s just going to say less, because he doesn’t find that stuff very helpful,” said Robert Tetlow, a former senior policy adviser at the Fed.

Randall Kroszner, an economist at the University of Chicago who served on the Fed’s governing board from 2006 to 2009, when Warsh was also a governor, said the new chair would likely focus on bigger-picture questions, such as how AI will impact the economy. He will avoid thornier issues, such as whether tariffs raise inflation, which Powell was willing to address.

By avoiding such hot-button issues, the Fed could attract less negative attention from the White House, Kroszner said.

“He’s going to stay away from those,” Kroszner added. “If the Fed is to maintain its independence, it needs to maintain its focus.”

While seeking Trump’s nomination, Warsh called for “regime change” at the Fed and criticized the central bank for not preventing the 2021-22 inflation surge, when prices jumped 9.1% in a year, the biggest spike in four decades.

Yet Kroszner said Warsh will likely to seek to build consensus around changing things like the Fed’s communications policies, rather than imposing them. So far, former Fed officials say he hasn’t sought to fire top staff.

“He’s not there to break things,” Kroszner said.

During his Senate confirmation hearing in April, Warsh said he would focus on quelling inflation.

“Inflation is a choice, and the Fed must take responsibility for it,” he said then.

If he acts on that sentiment by keeping rates unchanged — or even raising them — Trump could end up disappointed in another Fed chair. He often threatened to fire Powell, whom he also appointed, for not cutting rates deeply enough.

“There’s at least a risk here that six months down the road, Trump is fulminating about how he didn’t get what he wanted from Warsh, and he’d like to fire Warsh,” English said.

Rugaber writes for The Associated Press.

Mérida, June 8, 2026 (venezuelanalysis.com) – Venezuelan Acting President Delcy Rodríguez concluded a four-day high-profile diplomatic tour of India on Sunday, having held meetings with Prime Minister Narendra Modi, Indian cabinet members, and major business conglomerates.

Rodríguez, who assumed the acting presidency after the kidnapping of President Nicolás Maduro in a US military operation on January 3, led a large ministerial delegation including the foreign affairs, science, and transport ministers. The visit was Rodríguez’s sixth trip to India.

Caracas’ main stated goal was to deepen long-term energy ties with the Asian giant and expand crude exports. The Trump administration has publicly backed India to increase purchases of Venezuelan crude as part of efforts to move its Asian partner away from Russian energy imports.

One of Rodríguez’s first meetings was with Petroleum and Natural Gas Minister Hardeep Singh Puri, who stated that Indian companies are looking to “build upon” existing investments in the Caribbean nation.

“Indian companies are additionally looking for newer opportunities for fruitful collaborations which will provide momentum to our quest towards energy security,” Singh Puri wrote on social media.

For her part, Venezuela’s acting president described India as a “reliable partner” and invited Indian corporations to explore new investment opportunities in the country’s energy sector. Rodríguez highlighted the “energy complementarities” between the two nations.

Venezuela’s oil exports reached 1.25 million barrels per day (bpd) in May, with India reportedly receiving 427,000 bpd, making it the second-largest destination after the US. In recent years, under wide-reaching US sanctions, Venezuela had repeatedly sought to increase exports to India, only to see efforts blocked by US threats of secondary sanctions.

The meeting with Singh Puri likewise featured executives from several Indian public energy companies, including ONGC, Indian Oil Corporation (IOLC), Oil India, and ONGC Videsh (OVL). The companies own multiple minority stakes in the San Cristóbal and Petrocarabobo heavy crude projects in the Orinoco Oil Belt. 

Indian authorities stressed addressing an outstanding US $500 million debt in unpaid dividends to ONGC Videsh as a priority before new investments are to be considered.

Rodríguez went on to tour the Jamnagar refinery complex, owned by Reliance Industries, in Gujarat state. The refinery is the world’s largest, with a daily capacity to process 1.4 million bpd. In recent months, Reliance has emerged as a top buyer of Venezuelan crude, purchasing cargoes directly from state-owned PDVSA as well as from traders Vitol and Trafigura.

The Venezuelan delegation held further meetings with top Indian business conglomerates. On June 6, it toured Tata Group facilities in Mumbai. According to Venezuela’s embassy in India, the discussions centered on renewable energy, ecological projects, and urban transport. Venezuelan Transport Minister Jacqueline Faría highlighted Tata’s cutting-edge electric public transportation vehicles.

Rodríguez’s agenda also included talks with Indian dairy giant Amul. Venezuelan state media emphasized interest in Amul’s massive production of buffalo milk. Venezuela currently holds the largest buffalo herd in South America and officials have touted buffalo dairy as a priority export venture.

Likewise in Mumbai, the Venezuelan officials visited multinational conglomerate Essar, with discussions reportedly focusing on infrastructure and electricity. Venezuela’s National Assembly is presently advancing legislation to open electricity, from generation to distribution, to private sector investment and participation.

Rodríguez’s visit featured a meeting with Indian Prime Minister Narendra Modi in New Delhi. In a social media message, Modi praised Venezuela as a “valued partner” and disclosed that discussions had centered on “expanding cooperation in energy, critical minerals, technology, agriculture, health, and people-to-people ties.”

The Venezuelan delegation was also hosted by External Affairs Minister Subrahmanyam Jaishankar, who praised Rodríguez’s “longstanding commitment” to deepening Venezuela-India ties.

In a press briefing, Rudrendran Tandon, Secretary (East) in the Ministry of External Affairs, emphasized discussions on pharmaceutical cooperation and increasing supplies of low-cost generic drugs for Venezuela’s public healthcare system. Tandon also brought up a $700-800 million debt to Indian pharmaceutical manufacturers but said the Venezuelan side was “very sensitive” to the issue.

While no formal agreements were announced, Venezuela’s acting president offered a positive balance of a visit that “consolidated the friendship and cooperation between the two nations.” She went on to thank Modi for the hospitality.

Rodríguez’s last day in India included a visit to the Prasanthi Nilayam ashram in Andhra Pradesh, a spiritual center founded by Indian religious guru Sathya Sai Baba (1926-2011). In a social media message, Rodríguez expressed her “deep belief” in Sai Baba’s “love all, serve all” motto.

The Venezuelan leader’s tour featured a stop in Istanbul on Tuesday before the return to Caracas. Rodríguez met with Turkish President Recep Tayyip Erdoğan to discuss bilateral trade and diplomacy between Venezuela and Türkiye.

Edited by Ricardo Vaz in Caracas.

Elon Musk’s rocket company SpaceX is targeting a valuation of nearly $1.77 trillion in its blockbuster initial public offering (IPO), paving the way for the largest stock market debut in history.

In a filing with the US Securities and Exchange Commission on Wednesday, SpaceX said that it plans to sell 555.6 million shares at $135 apiece, raising approximately $75bn.

The eye-popping valuation would make SpaceX the world’s seventh-largest company by market capitalisation, ahead of Musk’s electric vehicle maker Tesla and social media giant Meta, and just behind Taiwanese chipmaker TSMC.

It would also eclipse energy giant Saudi Aramco’s 2019 debut, which raised $26bn at a valuation of $1.7 trillion.

Musk, who holds a roughly 42 percent stake in SpaceX, is poised to become the world’s first trillionaire upon the company’s debut on the New York-based Nasdaq stock exchange on June 12.

Despite the public listing, Musk will retain effective control of SpaceX with more than 82 percent of voting rights, the result of a dual-class stock structure that grants certain shares 10 votes instead of one.

The Texas-based firm’s decision to set a specific share price ahead of its IPO marks a break from usual practice.

Companies preparing for a public listing usually announce a preliminary price range that can be adjusted based on investor interest.

“The genuine surprise is that SpaceX fixed a price before the investor roadshow began,” Fabien Yip, a market analyst at online trading and investment company IG Group, told Al Jazeera.

“To me, this reflects Musk’s control over the deal terms and his confidence that the book will fill.”

Founded by Musk in 2002, SpaceX is best known for designing and launching rockets, spacecraft and reusable launch vehicles on behalf of NASA and private companies.

The company also provides internet services and artificial intelligence models through its Starlink and xAI divisions.

Musk has outlined lofty ambitions for SpaceX, including to establish a “self-sustaining” city on Mars, “make life multiplanetary,” and “extend the light of consciousness to the stars”.

SpaceX’s listing will be a test of investors’ confidence in Musk’s vision, which has yet to translate into profits at the company.

SpaceX reported a net loss of $4.9bn on revenue of 18.7bn in 2025, followed by a $4.3bn loss in the first quarter of this year.

Jay R Ritter, an emeritus professor at the University of Florida who specialises in IPOs, said the SpaceX IPO differs from Saudi Aramco’s blockbuster listing as the state-owned oil company had a track record of generating large revenues and profits.

“SpaceX, in contrast, has trailing annual revenue of less than $20bn, and is not profitable,” Ritter told Al Jazeera.

“So, one company’s valuation was – and is – based on its demonstrated profitability, while the other company’s valuation is based on potential.”

“With SpaceX, there is a risk that cash flows will be used to send hundreds of thousands of people to Mars, at a loss,” Ritter added.

Despite SpaceX’s lack of profitability, market sentiment is strong, said IG’s Yip, noting that buyers of investment products linked to the listing are pricing the company’s end-of-first-day market capitalisation at $2.2 trillion.

“The Tesla parallel is perhaps worth drawing: It debuted in 2010 as a loss-making company and largely tracked the S&P 500 for years, only breaking away decisively once it turned profitable for the first time in Q1 2013,” Yip said, referring to the benchmark stock index on Wall Street.

“SpaceX investors are making a similar bet on future growth, with the added complexity that SpaceX’s addressable market – rockets, satellite internet, AI – is considerably broader than Tesla’s was at listing.”

Liverpool fan Josh Sexton can be found on outlets including The Anfield Wrap, external

It comes to something when your long-time nemesis says it is time to move on and you actually feel a little bit sad about it.

It feels like a chapter of English football is truly closing.

I actually grew to quite like Guardiola – a feeling made easier by Liverpool refusing to be any competition to his team this season.

Between his compassionate politics and his increasingly funny news conferences, the man who became the bane of our existence has started to cut a much more likeable figure.

The respect element was always there.

Yes, there are caveats to City’s success, but there are very few doubts about Guardiola’s greatness as a manager.

After Jurgen Klopp left Anfield in 2024, it seemed only natural that the man he went toe to toe with for so many years would move on fairly soon after.

The truth is, the standards those two managers set would warp our perception of what a normal title-winning points total looks like.

Arsenal have pipped Guardiola to the Premier League this season, but they have done so with a maximum of 85 points – a climbdown from the days of Liverpool and City pushing each other to 90-plus totals.

Liverpool have fallen away this season, but Guardiola moving on means the barrier to entry for a title race is likely to not be as high.

Therefore, Liverpool supporters should be reassured that a return to the top is not too far away, especially with such a talented group of players.

We might not see those 2018-2022 levels again for a little while, though, and for that we will always – at least partly – have Guardiola to thank.

It seemed fitting that Arsenal have one hand on the Premier League trophy thanks to a 1-0 win – of their past four league matches, all victories, three have ended with that score – with the Gunners conceding just once in their past six.

They have conceded the fewest goals in the league (26), while the last time they conceded in open play came in their defeat by Manchester City on 19 April, which was seven games ago.

The clean sheet against Burnley was Arsenal‘s 32nd in all competitions this season.

“I thought that the amount of hair that I have is never going to go away but in this job it is going to test it to the limit,” said Arteta.

“The desire that every single player shows in their defensive duties, their behaviours and the way that they work for each other is phenomenal.

“It’s a lot of work put in by all the coaches as well. And we all know the importance of that and how many results and wins we have because of that.”

It was their 13th 1-0 win of the season. Their playing style, their threat from and reliance on set-pieces, and the relative lack of bigger wins has brought criticism and anxious finishes in equal measure.

Manchester City will have a better goal difference if they win their final two matches, which does mean Arsenal will have to beat Crystal Palace. A draw, in that scenario, would not be enough.

“In a funny way, Man City might actually have taken that,” ex-Liverpool defender Jamie Carragher said on Sky Sports. “Seeing how they played that second half, I think the nerves will really kick in if Man City beat Bournemouth. Crystal Palace are a better team than Burnley even with a few players out.

“Arsenal are going to do it in the fashion of George Graham rather than Arsene Wenger – ‘1-0 to the Arsenal‘ probably sums them up.”

Former Manchester United defender Gary Neville added: “Arsenal are right on the brink but by goodness they don’t half make it difficult for themselves.

“You have to admire their ability to concentrate and focus and keep to the defensive shape and principles. They keep clean sheets and that’s a rare commodity in the modern game, for a team to see out 1-0 victories like this team can.

“I think it’s going to be enough to see them home.”

PM Keir Starmer says the phrase ‘globalise the Intifada’ should be ‘completely off limits’.

British Prime Minister Keir Starmer says some pro-Palestine marches could be banned and people who use the phrase “globalise the Intifada” could be prosecuted.

In an interview broadcast by the BBC on Saturday, Starmer advocated for tighter language restrictions at pro-Palestine marches, adding that in some cases, rallies could be prohibited altogether.

“I’m a big defender of freedom of expression, peaceful protests,” he told the BBC. “But when there are chants like ‘globalise the Intifada’, that’s completely off limits.”

“Clearly, there should be tougher action in relation to that,” he added.

Discussions had been taking place with the police for some time about what further action could be taken, he added. Asked whether he sought to completely bar some rallies, Starmer said he thought that would be appropriate in some cases.

‘Likely to be arrested’

Starmer’s comments come after he earlier this week called the chant “globalise the Intifada” a case of “extreme racism” and said those who use it “should be prosecuted”.

Metropolitan Police Commissioner Sir Mark Rowley also told the BBC that people who use the phrase are “likely to be arrested”.

Supporters of the slogan say it reflects a call to expand the pro-Palestine movement into a global campaign.

Starmer has come under pressure after a spate of anti-Semitic incidents, including this week, when two men were stabbed in the north London suburb of Golders Green, which is home to a large Jewish community.

A 45-year-old British national who was born in Somalia was remanded in custody when he made his first appearance in court on Friday, accused of attempted murder.

Starmer visited the scene of the attacks and a Jewish volunteer ambulance service on Thursday and was booed by some locals, who accused him of not doing enough to protect them. They also denounced pro-Palestinian activists holding marches in British cities.

On Thursday, the UK increased its security alert level to “severe” – the second highest – in part because of the attack in Golders Green.

British authorities have repeatedly faced criticism for cracking down on pro-Palestine activism during Israel’s genocidal war on Gaza.

Last month, British police arrested more than 500 people during a mass vigil in central London to oppose the ban on campaign group Palestine Action.

“I think Britain has now descended into a non-democratic situation and I think that is very dangerous [for] free speech,” one demonstrator taking part in the vigil told Al Jazeera.

April 29 (Asia Today) — Instability in South Korea’s fertilizer supply is growing in the aftermath of the war involving Iran, as the prolonged closure of the Strait of Hormuz disrupts routes for importing raw materials used in fertilizer production.

The Korea Pork Producers Association said Wednesday the price of urea, the largest component among chemical fertilizers, has surpassed $700 per ton, the highest level since October 2022.

“South Korea has a structural limitation because it depends heavily on imports for fertilizer raw materials,” an association official said. “Rising chemical fertilizer prices and supply instability caused by uncertainty in international affairs are directly increasing the burden on crop farmers.”

Amid the pressure, compost and liquid fertilizer made from livestock manure are emerging as alternatives.

The association said resource recycling of livestock manure into compost and liquid fertilizer could gradually reduce dependence on chemical fertilizers while helping stabilize food security.

According to an association survey, the potential fertilizer value of livestock manure is high enough to meet 46% of the nitrogen needs and 100% of the phosphate needs of farmland.

The Ministry of Agriculture, Food and Rural Affairs has pursued measures to improve the quality of compost and liquid fertilizer and change perceptions among crop farmers since the Cabinet decided in 2006 to ban ocean dumping of livestock manure. A key measure was the July 2006 plan to promote natural circulation agriculture using livestock manure compost and liquid fertilizer.

A decade after the plan was implemented, production facilities and technology for livestock manure recycling have improved significantly. Liquid fertilizer made from livestock manure is now being used as a substitute for chemical fertilizer at greenhouse farms.

Compost quality has also steadily improved, leading to a sharp increase in exports to Southeast Asian countries.

Livestock manure compost and liquid fertilizer have shown strong effects in reducing fertilizer costs and greenhouse gas emissions. In an experiment by Sangji University, the use of filtered liquid fertilizer instead of chemical fertilizer at a greenhouse farm reduced fertilizer costs by 600,000 won ($406) per hectare and cut greenhouse gas emissions by 382.6 kilograms of carbon dioxide.

Most greenhouse farms using the fertilizer also showed major improvements in soil electrical conductivity, indicating the role of livestock manure compost and liquid fertilizer in soil improvement.

The alternatives also contributed to higher crop output and income. A spinach greenhouse farm using liquid fertilizer produced by the Pocheon Livestock Cooperative’s natural circulation agriculture team saw early harvest output rise 53%, while income per 10 ares reached 7.56 million won ($5,118), up 247% from an average year.

Despite those benefits, livestock manure compost and liquid fertilizer remain less convenient than chemical fertilizer in terms of labor and usability. Experts say policies are needed to develop products that crop farmers can use more easily.

“To promote the recycling and use of livestock manure, we will prepare and pursue policies to remove institutional and structural barriers, including restrictions on spreading and the burden of transport costs,” said Park Jung-hoon, head of the ministry’s food policy office.

Livestock farmers also plan to work with crop farmers to help establish a circular farming system linking livestock and crop production.

— 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=20260429010009418

President Alexandr Lukashenko is hoping to improve relations with the West once more.

Belarus has released Polish-Belarusian journalist Andrzej Poczobut from jail as part of a prisoner exchange.

Poland’s Prime Minister Donald Tusk confirmed the release on Tuesday, noting that Warsaw had been helped in a joint diplomatic push on Minsk by the United States, Romania and Moldova.

The prisoner swap with Poland saw 10 prisoners released overall, with signs that Belarusian President Alexandr Lukashenko is hoping to improve relations with the West once more. Ties have deteriorated due to his support for Russia’s invasion of Ukraine.

Poczobut was detained by Belarusian authorities in 2021 and later sentenced to eight years in a labour camp after a trial widely criticised by rights groups and Western governments as politically motivated.

Concerns had grown in recent years about his health while in detention.

“Andrzej Poczobut is free! Welcome to your Polish home, my friend,” Tusk posted on social media.

Belarus also ⁠released Polish priest ⁠Grzegorz Gawel and a Belarusian who helped Polish ‌services, whose name was not to be revealed, ⁠the Polish leader added.

‌Russians and Moldovans were also among the prisoners swapped in a “five ⁠for ⁠five” exchange.

Joint-effort

Tusk also noted that the release followed lengthy diplomatic efforts.

“The exchange at the Polish-Belarusian border is the finale of a two-year-long intricate diplomatic game, full of dramatic twists,” he said.

“It succeeded thanks to the outstanding work of our services, diplomats and prosecutors, as well as the tremendous help from our American, Romanian and Moldovan friends.”

The announcement came hours after Polish Foreign Minister Radoslaw Sikorski published a photograph of a meeting with US Special Envoy to Belarus John Coale, saying the pair had discussed “important issues”.

Coale later said that the US had helped to secure the release of three Polish nationals and two Moldovans.

“We thank Poland, Moldova, and Romania for their invaluable support in this effort, as well as President Lukashenko’s willingness to pursue constructive engagement with the United States,” he said.

“Under President Trump, America shows up for its allies and delivers diplomatic victories no one else can,” he claimed.

Poczobut, who had worked as a correspondent for the Polish newspaper Gazeta Wyborcza, has been arrested numerous times in Belarus over the past decade.

In 2011, he was fined and jailed for 15 days for his participation in protests following Belarus’s 2010 presidential election. He was later detained again in 2011 and 2012 on accusations of insulting Lukashenko.

His cases drew international condemnation, with the European Parliament, Reporters Without Borders and Amnesty International among organisations calling for his release.

Earlier this year, the European Parliament awarded Poczobut and Georgian journalist Mzia Amaglobeli the Sakharov Prize.