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World Economy Apr 02, 2026

SpaceX files $75 billion IPO, eyeing $1.5 trillion valuation and Musk's trillionaire goal

SpaceX has quietly filed for an initial public offering that could raise up to $75 billion and push…
SpaceX has submitted paperwork for an initial public offering that could debut as early as June or July, targeting a capital raise of $75 billion. If the market pricing aligns with analysts’ forecasts, the launch could lift the company’s valuation to nearly $1.5 trillion, roughly double its worth in December. Such a valuation would place founder Elon Musk on a clear trajectory toward becoming the planet’s first trillionaire, a milestone that would eclipse the $25.6 billion record set by Saudi Aramco’s 2019 IPO. Renaissance Capital’s data analyst Angelo Bochanis told Reuters that, much like Tesla, SpaceX’s market price will hinge on investor confidence in Musk’s long‑term vision. "Investors are clamouring for any exposure to SpaceX," he added. Despite Musk’s controversial public persona and his involvement in multiple high‑profile ventures, industry experts remain bullish. Kat Liu, vice‑president at IPOX, noted that SpaceX is "operationally mature, technologically ahead in several key areas, and profitable," providing a solid foundation for a public listing. The company’s recent merger with Musk’s artificial‑intelligence startup xAI and the continued dominance of its Starlink satellite network—now the world’s largest satellite communications platform—have reinforced investor interest. SpaceX’s ambitious roadmap includes a lunar base and a crewed Mars mission, though timelines remain uncertain. Musk has previously admitted a "50‑50 chance" of delivering an uncrewed Starship to Mars by the end of 2026. Financial data firm Pitchbook estimates the IPO could nearly double the company’s market cap, underscoring the scale of potential investor demand. If realized, the offering would not only reshape the space‑tech sector but also set a new benchmark for public market fundraising.
#spacex #ipo #starlink
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Economy Apr 02, 2026

Gulf Shipping Disruptions Threaten Fertiliser Supply and Food Security for South Asian Farmers

Rising tensions in the Gulf, especially the closure of the Strait of Hormuz, are driving up fertili…
Ramesh Kumar, a 42‑year‑old wheat farmer in Gurdaspur, Punjab, India, is already recalculating his budget as fertiliser prices climb and deliveries become erratic.He worries that higher input costs could force him to postpone his daughter’s wedding, delay school fees for his children, or even cut back on the amount of fertiliser he applies – a decision that could lower his harvest.While the conflict between the United States, Israel and Iran unfolds thousands of kilometres away, its ripple effects are felt in the fields of Punjab, Kashmir, Pakistan’s South Punjab, Bangladesh’s Rangpur and Nepal’s Gulmi district.The Strait of Hormuz, a narrow chokepoint linking Gulf oil and gas producers to global markets, handles roughly one‑fifth of the world’s oil and LNG shipments. Disruptions here delay the flow of natural gas used to produce nitrogen‑based fertilisers, inflating freight, insurance and ultimately fertiliser prices.South Asia, home to nearly two billion people, depends heavily on fertiliser‑intensive agriculture. In India, the sector is worth about $400 billion and employs over 46 % of the workforce; in Pakistan, it contributes close to 20 % of GDP; Bangladesh’s agriculture accounts for 12‑13 % of GDP; and Nepal relies on agriculture for roughly 24 % of its economy.Between 30 % and 35 % of India’s fertiliser imports, and up to 25‑30 % of Pakistan’s, Bangladesh’s, and Nepal’s imports, travel through routes that pass the Strait of Hormuz. Any prolonged blockage could therefore strain supply chains across the region.Governments are attempting to reassure farmers. Indian Prime Minister Narendra Modi announced expanded domestic production of urea, DAP and NPK, as well as the rollout of “Made‑in‑India Nano Urea” and solar‑powered irrigation under the PM Kusum scheme.Pakistan’s federal secretary for agriculture highlighted proactive monitoring, increased domestic urea and DAP output, and measures to keep fertiliser affordable.Bangladesh plans to import 500,000 tonnes of urea in the short term and is exploring alternative sources from China and Morocco, while Nepal’s agriculture ministry says supplies for the upcoming rainy season are secured, though it warns of possible shipment delays.On the ground, farmers are already adjusting. In Kashmir, mustard grower Ghulam Rasool says he reduces fertiliser use as soon as price signals rise, even before actual shortages appear. In Pakistan’s South Punjab, wheat farmer Muneer Ahmad fears higher costs will affect the entire community. In Bangladesh, Mohammad Ibrahim notes that fertiliser availability is becoming unpredictable, and in Nepal, Meghnath Aryal worries that delayed deliveries will hurt crop yields.These individual decisions have broader implications. Reduced fertiliser application can lower yields, which in turn pushes up food prices—a critical concern in a region where households allocate a large share of income to food.While no immediate shortage has been declared, the combination of higher global energy prices, logistical bottlenecks and geopolitical risk makes the situation volatile. Authorities in all four countries are urging farmers to supplement chemical inputs with organic alternatives such as manure, compost and green manuring.For Ramesh Kumar and millions of his peers, the distant Gulf crisis is not an abstract geopolitical story; it is a daily calculation of whether they can afford to feed their families and meet essential expenses.
#Strait of Hormuz #Gulf Shipping #South Asian farmers
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World Economy Apr 02, 2026

UK Food and Medicine Supplies at Risk as Strait of Hormuz Closure Continues

The closure of the Strait of Hormuz due to the ongoing conflict between the US and Iran could have …
The ongoing closure of the Strait of Hormuz, a crucial oil and gas shipping route blocked by Iran since the US-Israeli attacks began, is having ripple effects around the world. If the strait remains closed, transport blockages across the Middle East could cause significant shocks to food and medicine supplies in the UK.UK Foreign Secretary Yvette Cooper is hosting a meeting with 35 other countries to discuss reopening the strait. Experts warn that a prolonged closure could lead to food price inflation doubling in England and medicine shortages due to disrupted supply chains.Impact on Food SuppliesProf Tim Lang from City St George's, University of London, warns that 'all bets are off' for food supplies if the crisis continues. Rising fossil fuel prices will impact food transportation and production, as fuel is used to transport food and produce fertilizers and other inputs.The farming sector is already facing problems, with dairy production hit due to delayed fertilizer purchases and salad vegetable and dairy producers facing disruptions. Iranian imports like pistachios and saffron are also affected.Impact on Medicine SuppliesWhile there's no hard evidence of medicine shortages yet, price increases are being seen, which can signal disruptions in the medicine supply chain. Iran does not manufacture many medicines but affects the sector through rising energy costs and transport links between major pharmaceutical-producing countries and the UK.David Weeks from Moody's notes that shortages are driven by delays in petrochemical precursors for active pharmaceutical ingredients. Medicine stockpiles in European countries, including the UK, can last up to six months, but long-term conflicts could lead to more severe shortages.
#food #supply #medicines
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News Apr 02, 2026

Rowntree Charitable Trust hires reparations expert Keon West to confront colonial-era chocolate exploitation

The Joseph Rowntree Charitable Trust has appointed social psychologist Prof. Keon West as its first…
For the first time, the Joseph Rowntree Charitable Trust (JRCT) is creating a dedicated reparations role, appointing Prof. Keon West—a Rhodes Scholar and author of The Science of Racism—to lead the effort. West, who also serves as a visiting professor at the London School of Economics and heads research at the Runnymede Trust, will begin his tenure later this month. The appointment arrives amid intensifying global calls for former colonial powers to confront historic injustices. West’s mandate is to map how enslavement, indentured labour and European imperialism fed the supply chains of Rowntree’s iconic brands such as KitKat, Fruit Pastilles and Smarties. Founded in 1904 when philanthropist Joseph Rowntree endowed the trust with profits from his chocolate and cocoa ventures, JRCT operates on Quaker principles aimed at tackling the roots of inequality. Recent research, spurred by the Black Lives Matter movement, uncovered that African and Asian workers were exploited in Rowntree’s production lines throughout the 19th and 20th centuries. Historical investigations by the Rowntree Society revealed that, while the family never directly owned enslaved people, their businesses sold commodities produced by enslaved or unfree labour as far back as 1822. The company also benefitted from the indenture system, acquiring plantations in Dominica, Jamaica and Trinidad in the 1890s to grow cocoa, bananas and other crops. Further links to colonial exploitation include purchases of cocoa from Portuguese‑controlled São Tomé and Príncipe, as well as commercial interests in Nigeria, Ghana and apartheid‑era South Africa. In the early 1980s, Black workers at the South African subsidiary Wilson Rowntree faced harsh labour suppression. In 2021, JRCT issued a public apology, stating it was “deeply sorry” for its historical connections to “abhorrent practices” and acknowledging the lasting impact of these actions on systemic racism today. West will design a comprehensive reparations programme that engages directly with affected communities—“Black people, brown people and people of colour”—to develop long‑term restorative justice strategies. He said, "I am honoured to accept this role. It offers the power and the responsibility to make real, meaningful changes in the lives of those who have been exploited." JRCT chief executive Nicola Purdy expressed enthusiasm, noting that the reparations initiative aligns with the trust’s charitable purpose of promoting peace, equality, human rights and climate action. Financially, JRCT allocated £13.5 million in grants in 2025, supporting organisations that advance its core missions. In 2023, it contributed £10,000 to an all‑party parliamentary group advocating for a formal UK apology for slavery and colonisation. The Rowntree family, alongside fellow Quaker dynasties Fry and Cadbury, were central to the British confectionery trade during the colonial era. Their brand was later acquired by Nestlé in 1988, but the trust’s new reparations focus underscores a broader reckoning with the historical foundations of the industry.
#reparations #rowntree #kitkat
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Science Apr 02, 2026

NASA fixes Orion toilet glitch, confirming $30 million UWMS ready for Artemis II crew

A fault light on Orion’s new $30 million Universal Waste Management System briefly halted the Artem…
A blinking fault light on NASA’s Orion spacecraft signalled a malfunction in the Universal Waste Management System (UWMS) just as the historic Artemis II crew began their 10‑day lunar‑orbit mission. Mission control reported the issue was resolved within minutes, stating: “Happy to report that toilet is go for use. We do recommend letting the system get to operating speed before donating fluid, and then letting it run a little bit after donation.”The $30 million (≈£22.6 million) UWMS, years in development, is hailed as a breakthrough in deep‑space sanitation, dramatically improving on the primitive setups used during Apollo. Back then, astronauts used a condom‑like urine collector and a bagged solid‑waste system that was prone to leaks and even produced “a turd floating through the air,” according to mission transcripts.Orion now features a private toilet cubicle – the first of its kind on a space shuttle – accessed through a floor hatch beside the main entry hatch. Handrails and foot tethers keep the crew anchored while inside.“We’re pretty fortunate as a crew to get a toilet with a door on this tiny spacecraft,” noted Jeremy Hansen of the Canadian Space Agency in a pre‑launch video. “The one place during the mission where we can go and actually feel like we’re alone for a moment.”The system uses a funnel attached to a hose for urine and a small seat for solid waste. Because everything floats, faeces are suctioned into a sealed bag at the bowl’s base and then compressed into a canister. The suction is loud enough that the cubicle is insulated and crew members must wear ear protection while using it.On longer stays, such as ISS missions, astronauts now recycle almost all liquid waste, turning urine and sweat into drinkable water. For the short Artemis II flight, urine will be vented daily and solid waste stored for disposal after return to Earth.Beyond comfort, the upgraded toilet is a mission‑critical component for NASA’s goal of a permanent lunar presence. Sustainable waste handling prevents health risks and avoids contaminating the pristine space environment with Earth microbes. As historian David Munns explained, “Actually thinking about not only toilets but the entire life‑support systems is one of the foundations of long‑term living in space.”
#NASA #Orion #Universal Waste Management System
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Politics Apr 02, 2026

Iranian Human Rights Lawyer Nasrin Sotoudeh Arrested in Tehran

Nasrin Sotoudeh, a renowned Iranian human rights lawyer, has been arrested in Tehran, according to …
Nasrin Sotoudeh, a prize-winning Iranian human rights lawyer, has been arrested in Tehran, according to her family. Her daughter, Mehraveh Khandan, reported that Sotoudeh was taken from her home in Tehran late on Wednesday, and her whereabouts are currently unknown.Khandan suspects that the arrest may be linked to Sotoudeh's recent interviews about the war, in which she criticized the government. Sotoudeh has a history of representing political prisoners, including opposition activists and women prosecuted for removing their mandatory headscarf. She has won numerous awards, including the 2012 Sakharov Prize from the European Parliament and the 2020 Right Livelihood Award.This arrest comes amid concerns about a rise in executions in Iran, which activists believe is being overshadowed by the ongoing war. The country is currently under a communications blackout, with internet shutdowns and restrictions on international calls. Sotoudeh's health is a significant concern, given her heart condition that worsens under severe stress.Sotoudeh's husband, Reza Khandan, has also been imprisoned since December 2024 for producing and distributing badges with the slogan “I oppose compulsory hijab”. The family is worried about Sotoudeh's health and the psychological pressure she may face if imprisoned again.
#Nasrin Sotoudeh #Iran #Mehraveh Khandan
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World Apr 02, 2026

TikTok bans Israeli far‑right influencer after West Bank harassment videos violate hate‑speech policy

TikTok removed the account of Israeli ultranationalist influencer Roi Star after The Guardian repor…
TikTok announced the removal of a high‑profile Israeli far‑right influencer’s account after The Guardian identified videos in which he assaulted left‑wing activists in the occupied West Bank. The platform said the content breached its community guidelines on hate speech and bullying. The influencer, identified as Roi Star, posted footage in January showing himself entering a house used by activists in Ras Ein al‑Auja and using pepper spray on a protester who tried to stop him. In the same clip, he shouted, “This is Judea, not Palestine,” and later threatened to disclose personal details of the activists and their families. When contacted, Star claimed he was “talking about peace” and argued that the area was an open Israeli public space, insisting that his use of pepper spray was the “most minimal” defensive measure. He later described the incident as “acting” and said his intentions were not “extreme.” TikTok’s statement emphasized that its policies prohibit “violent and hateful individuals, including extremist praise or glorification,” and that the account was taken down for breaching these rules. The company also said it had removed additional videos linked to other Israeli far‑right agitators, though it did not disclose further details. The incident occurs against a backdrop of rising far‑right activity on social platforms since the Gaza war began in October 2023. Israeli forces and settlers have been responsible for the deaths of over 1,000 Palestinians in the West Bank, and recent weeks have seen an escalation of attacks on homes and activists. Human‑rights groups warn that the online amplification of such content fuels real‑world violence. Yuli Novak, executive director of B’Tselem, said dehumanising Palestinians has become “mainstream in Israel,” while digital‑media scholar Prof. Anat Ben‑David highlighted the “troubling convergence between platform dynamics and on‑the‑ground violence.” Activists on the ground report a profound psychological impact, with one resident of Masafer Yatta noting that the videos heighten fear among Palestinians living under daily settler attacks. The phenomenon mirrors the rhetoric of Israel’s far‑right politicians. In August 2025, National Security Minister Itamar Ben‑Gvir faced criticism for posting a video taunting Palestinian leader Marwan Barghouti, while Knesset member Zvi Sukkot was filmed denying settler violence in the West Bank, framing the settlement enterprise as a biblical right. Meta’s Instagram continues to host numerous accounts linked to similar agitators, though the company has not responded to requests for comment. Experts argue that while platform policies technically forbid hate‑speech, their vague language allows harmful content to spread unchecked, underscoring the need for stronger enforcement to curb the digital propagation of extremist narratives.
#tiktok #israel #palestine
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Sport Apr 02, 2026

Tiger Woods arrested for DUI after Florida crash – bodycam captures his stunned reaction and pain‑killer claim

Body‑camera footage released by the Martin County Sheriff’s Office shows Tiger Woods being handcuff…
Police body‑camera video obtained by the Guardian reveals the moment Tiger Woods was handcuffed following a rollover collision in Martin County, Florida. Deputy Tatiana Levenar told the 50‑year‑old golfer that his faculties appeared impaired and placed him under arrest for driving under the influence. When Woods asked, “I’m being arrested?,” the deputy replied succinctly, “Yes, sir.” The footage also captures officers discovering a pill bottle in his pocket, which Woods identified as “a Norco,” a brand name for the prescription opioid hydrocodone used to manage his chronic back pain. Woods explained that he had been looking at his phone and changing the radio when his Land Rover struck a truck and rolled onto its side. He described the incident to deputies as “looked down at my phone, and all of a sudden – boom.” He later denied consuming alcohol, noting a negative breath test, though he refused a urine analysis. During the encounter, Woods mentioned having just spoken with “the president” on his phone, a reference that remains ambiguous. He has been linked to Vanessa Trump, former daughter‑in‑law of former President Donald Trump, who awarded Woods the Presidential Medal of Freedom in 2019. Trump, speaking to the New York Post, emphasized Woods’ ongoing physical struggles, stating, “He doesn’t have an alcohol problem, but he does have pain.” He highlighted the golfer’s extensive injury history, including multiple back surgeries and a ruptured Achilles tendon. According to Deputy Levenar’s arrest report, Woods was hiccuping and required prompting to keep his head still during field‑sobriety tests. She concluded that his observed impairment rendered him unfit to operate a vehicle safely. After a breath test showed no alcohol, Woods was released on bail eight hours later. His next court appearance is set for 5 May, where a readiness‑for‑trial hearing will be held. In a statement released on Tuesday, Woods announced he is stepping away from competitive golf to seek treatment and prioritize his health. He has not played on the PGA Tour since July 2024, though he appeared recently in the TGL indoor league he co‑founded with Rory McIlroy.
#norco #hydrocodone #golf
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Technology Apr 02, 2026

Urine‑Powered Fertiliser Set to Plant 4,500 Trees in Wales’ Brecon Beacons

A Bristol startup is converting festival‑goers’ urine into odour‑free liquid fertiliser to support …
Scientists are preparing to establish 4,500 native trees on the fringes of the Brecon Beacons National Park using a novel fertiliser derived from human urine.The fertiliser was produced by Bristol‑based startup NPK Recovery, which linked its mobile processing unit to the toilets serving roughly 700 revellers at the Boomtown festival in Hampshire last July.During the 2025 event the system generated 540 litres of nutrient‑rich liquid, now earmarked for planting beech, Scots pine and other native species in Wales.The three‑year restoration scheme, funded by a Forestry Commission grant, will also incorporate urine collected from additional events, expanding the supply chain for the circular fertiliser.To launch the initiative, a Scots pine seedling was planted on Thursday morning, symbolising the start of what could become a lasting Welsh forest.Lucy Bell‑Reeves, co‑founder of NPK Recovery, noted that field trials have shown the urine‑based product to be as effective as conventional fertilisers, marking its first application on trees.“Using a waste product to grow trees is a circular solution that can revitalise our struggling native species,” Bell‑Reeves said, adding that “we need to stop flushing crop and tree‑growing nutrients down the loo and start using them to increase our fertiliser security.”The company previously processed 1,000 litres of urine collected from women’s urinals at the London Marathon, converting it into an odour‑free liquid using specialised bacteria that recover nitrogen and other nutrients.NPK Recovery’s mobile laboratory enables on‑site conversion, eliminating the need for transport and preserving nutrient integrity.Partnering with the charity Stump Up For Trees, co‑founded by author‑cyclist Rob Penn, the project builds on the charity’s five‑year effort that has already planted over 500,000 trees in the region, half of its one‑million‑tree target.Penn expressed enthusiasm, stating, “This groundbreaking project has implications for the future of sustainable forestry, and collaboration with NPK Recovery brings much‑needed innovation to the sector.”
#urine #fertiliser #trees
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