Business

Wall Street is counting down to what’s expected to be the biggest market launch in history, as SpaceX prepares to go public. The IPO is expected to value the firm at $1.75 trillion, and make founder Elon Musk the world’s first trillionaire. Also in the show – US inflation surges to its highest level in…

The 2026 World Cup in the United States, Canada and Mexico is on track to be the most expensive one ever for match-going fans. The cheapest general sale tickets for the final are four times as expensive as they were for the final in Qatar in 2022, and represent only a small proportion of total…

The EU has ordered Meta to grant rival AI chatbots free access to its WhatsApp platform within five working days, while it completes its antitrust investigation into the company. Meta says it will appeal, accusing the EU of ‘regulatory overreach’. Meanwhile, Brussels hit back at Apple after the iPhone maker blamed the EU’s Digital Marketing Act for…

The maker of ChatGPT, OpenAI, has kicked off the process of selling its shares on public markets by submitting a confidential filing with the US Securities and Exchange Commission on Monday. The AI startup is looking to capitalise on its dominant position on the AI chatbot market in order to boost its financing needs. Also…

With SpaceX set to become the first AI-era giant to go public on Friday, governments on both sides of the Atlantic are racing to define their relationship with the industry. Washington is in talks with OpenAI about a government equity stake; Brussels has unveiled a new tech sovereignty package. On this week’s Tech 24, we…

Anthropic, the firm behind AI assistant Claude, submitted a confidential filing to go public with the US Securities and Exchange Commission on Monday. The firm, valued at close to a trillion dollars, could make its market debut by the end of the year as it sees a surge in interest for its range of AI…

They first made headlines by bolting facial recognition onto Meta’s Ray-Bans to show how easily the technology could identify strangers in the street. Now Anhphu Nguyen and Caine Ardayfio have a product of their own: Mira, a $650 pair of AI glasses, with no camera this time, that quietly transcribes and summarises everything, so you…

Benchmark crude oil prices rose on Monday as US President Donald Trump rejected Iran’s latest counterproposal to find an end to the war in the Middle East. The continued closure of the Strait of Hormuz is leaving its mark on economies around the world, with India’s Prime Minister Narendra Modi calling for reduced fuel use…

British Prime Minister Keir Starmer said he would introduce legislation this week to give the government powers to take full ownership of British Steel in Scunthorpe, the last plant in the UK that can make steel from scratch. Last year, the government seized control of the steelworks from its Chinese owner to stop the potential…

Oil prices continued to climb on Tuesday, as US President Donald Trump said the ceasefire with Iran was “on massive life support”. Meanwhile, the CEO of Saudi Aramco, the world’s largest oil company, told analysts the closure of the Strait of Hormuz has generated a loss of 100 million barrels every week. Also in this…