Global Business News
Global Business News
Global Business News

Washington, June 13, 2026 – SpaceX’s stock opened at $150 on Friday — an 11% jump from its IPO price — and finished up nearly 20% for the day. The rocket and satellite company priced its IPO Thursday night at $135 per share ahead of today’s debut on the Nasdaq Composite, trading under the ticker SPCX. “SpaceX going public is an important moment for the broader tech sector in our view as this AI Revolution and data takes this next step forward,” Wedbush analyst Dan Ives wrote in a note …

Washington, June 13, 2026 -The US said an interim peace deal that reopens the Strait of Hormuz and ends Iran’s nuclear weapons ambitions looks increasingly likely and could be signed within days, though conflicting messages between Washington and Tehran continued to cast doubt on that timeline. A senior Trump administration official briefing reporters Friday said there was an 80% or 85% chance that an agreement gets signed soon, then added that some Iranian hardliners still want to kill any breakthrough. Those internal disagreements are being worked out, the official said. …

London, June 13, 2026 – Oil fell to the lowest since the early days of the Iran war on signs that flows through the Strait of Hormuz are rising and on progress toward an interim peace deal. Brent futures fell 3.4% to settle at $87.33, the lowest since March 5, and ended the week down 6.2%. West Texas Intermediate settled 3.2% lower on Friday, while European gas slumped as much as 8.4%. The US and Iran are edging closer to an agreement to reopen the Strait of Hormuz that could …

Washington, June 12, 2026 – Elon Musk is poised to become the world’s first trillionaire. It’s a staggering amount of wealth never seen before in the history of human commerce. Musk already owns about $270 billion in stock and options thanks to his role as Tesla CEO. Once shares of SpaceX—his rocket and artificial intelligence company—start trading later on Friday he would be worth an additional $841 billion. (He would own nearly half the stock of SpaceX, which the IPO is on track to value at $1.77 trillion in total.) …

Washington, June 12, 2026 – Elon Musk is poised to become the world’s first trillionaire. It’s a staggering amount of wealth never seen before in the history of human commerce. Musk already owns about $270 billion in stock and options thanks to his role as Tesla CEO. Once shares of SpaceX—his rocket and artificial intelligence company—start trading later on Friday he would be worth an additional $841 billion. (He would own nearly half the stock of SpaceX, which the IPO is on track to value at $1.77 trillion in total.) …

Washington, June 12, 2026 – And just like that, the launch of SpaceX shares has cemented Musk’s status as the world’s first trillionaire. Shares of SpaceX hit the open stock market just before noon eastern time, and immediately went for about $150 (£112) each. The share price quickly increased to $160, and showed signs of ticking up after that. At $160, shares are being sold at 18% more than the estimated listing price of $135 SpaceX shared on Thursday. When will SpaceX shares actually begin trading?published at 16:37 The Nasdaq …

Lagos, Nigeria – June 11, 2026: Access Holdings Plc has reaffirmed its commitment to long-term value creation, financial resilience and disciplined growth, assuring shareholders that its strategic focus remains firmly on building a stronger and more sustainable institution despite a challenging operating environment. Speaking at the Group’s 4th Annual General Meeting (AGM), Chairman Aigboje Aig-Imoukhuede, said the true measure of a financial institution is not simply its ability to grow but its ability to do so profitably, sustainably and with discipline over time. He said the Group’s 2025 performance reflected …

Abuja, June 12, 2026 – Nigeria’s crude oil production has risen far in excess of prescribed OPEC to the highest level in 15 years as of May 2026. The Nigerian Upstream Petroleum Regulatory Commission (NURRC) disclosed this in its latest crude oil production statistics. Data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) indicated that Nigeria produced an average of 1,530,354 barrels of crude oil per day in May 2026, representing 102 per cent of the country’s 1.5 million barrels per day quota approved by OPEC. When condensate production …

Abuja, June 12, 2026 – President Bola Tinubu on Friday announced the renaming of the Institute of Petroleum Studies in Kaduna as General Sheu Musa Yar’Adua University of Geological Sciences and Engineering Technology. He announced the name change during his Democracy Day address to the nation. Tinubu said Yar’Adua was one of the key figures that shaped Nigeria’s modern democracy, adding that the renaming of the institution was in his recognition. “Every generation has a defining responsibility. The generation of our founding fathers secured independence—the generation of June 12 secured …

Tehran, June 12, 2026 – Key gaps in negotiations between Iran and the United States were resolved during talks between Iranian officials and Qatari mediators in Tehran on Wednesday, Axios reported, citing three sources briefed on the talks. The sources said the gaps involved the mechanism for releasing Iran’s frozen assets, arrangements for reopening the Strait of Hormuz during a 60-day ceasefire period, and how negotiations over Iran’s nuclear program would be conducted during that period. Iranian officials told several countries on Thursday that the Tehran talks had produced an …