Government Moves to Dismiss Lawsuit Against Musk’s Space Company The U.S. Justice Department (DOJ) announced on Thursday that it would drop its lawsuit against SpaceX, which accused the company of refusing to hire certain immigrants. The case, filed during President Joe Biden’s administration, alleged that the space technology company had unlawfully restricted employment opportunities for asylum seekers and refugees. Legal Proceedings Come to an End Government lawyers, in a court filing in Brownsville, Texas, requested to lift the pause in proceedings so they could officially dismiss the case. The DOJ stated it would do so “with prejudice,” meaning the lawsuit…
Author: Kanika Sharma
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Poland Investigates Possible SpaceX Rocket Debris Near Poznań Poland space agency, POLSA, is investigating whether an unidentified object found near Poznań on Wednesday is debris from Elon Musk’s SpaceX Falcon 9 rocket. A second identical object was later discovered in a nearby forest, prompting further scrutiny. Suspicious Objects Discovered in Two Locations in Poland The first object, resembling a container, appeared on the premises of a company in Komorniki, near Poznań. Later in the day, police found a second similar object in a forest in Wiry, approximately 30 km (19 miles) away. Authorities have secured both sites while investigations continue.…
China Stocks Rise on AI Surge, While Hong Kong Slips on Profit-Taking China stocks rise, driven by gains in artificial intelligence (AI)-related firms, while Hong Kong equities dipped as investors locked in profits from recent tech stock rallies. AI and Tech Stocks Lead Market Gains China’s blue-chip CSI300 index rose 0.4% by midday, while the Shanghai Composite Index gained 0.5%. In contrast, Hong Kong’s Hang Seng Index dropped 0.3% as investors took profits from recent gains in the tech sector. AI-related stocks and Chinese tech firms were the strongest performers, with tech stocks rising 1.7% and AI shares up 1.6%…
Trump Plans 25% Tariffs on Autos, Pharmaceuticals, and Semiconductors US President Donald Trump announced on Tuesday his intention to impose tariffs of around 25% on automobile imports, as well as similar duties on pharmaceuticals and semiconductor chips. These measures, part of his broader effort to reshape global trade, could significantly impact international markets. Auto Tariffs Set for April Trump stated that auto tariffs could take effect as early as April 2, following the submission of reports by his cabinet members outlining tariff options. He has long argued that US automakers face unfair treatment in foreign markets, particularly in the European…
Putin Appoints Former Space Chief as Special Representative Russian President Vladimir Putin has appointed Yuri Borisov, the former head of Roscosmos, as his special representative for international space cooperation. A presidential decree confirmed Borisov’s new role on Tuesday, replacing veteran cosmonaut Sergei Krikalev. Yuri Borisov: Tenure at Roscosmos Yuri Borisov led Russia’s space agency from July 2022 until earlier this month. His tenure was marked by setbacks, including the failed Luna-25 moon mission, which crashed while attempting to land. The incident was a significant blow, as it was Russia’s first moon mission in 47 years. No official reason was given…
Vietnam Clears Path for Starlink Amid US Trade Concerns Vietnam is set to introduce new regulations that would allow Elon Musk’s Starlink to operate in the country while maintaining full ownership of a local subsidiary, according to a draft resolution. This move signals a shift in policy and follows prolonged negotiations with SpaceX, a government official confirmed. A Strategic Shift in Policy Vietnam previously blocked SpaceX from entering its market due to a ban on foreign control of satellite internet providers. However, a new draft resolution—expected to be approved by parliament in an extraordinary session on Wednesday—introduces a pilot scheme…
Argentina’s President Javier Milei Faces Impeachment Threat Over Crypto Controversy Argentine President Javier Milei is facing calls for impeachment from opposition lawmakers after promoting a little-known cryptocurrency, $LIBRA, which crashed soon after his endorsement. Crypto Endorsement Sparks Political Backlash On Friday night, Javier Milei posted on X (formerly Twitter) recommending $LIBRA, causing the token’s value to surge to nearly $5 per coin. However, within hours, the cryptocurrency plummeted below $1, leading to speculation of a possible “rug pull”—a scam where developers inflate a token’s value before selling off their holdings. Argentina’s fintech chamber acknowledged concerns that the incident could fit…
Trump Cuts USAID Funding in Colombia, Freezing $70 Million for Environmental Projects Funding worth $70 million for environmental and conservation projects in Colombia has been frozen after US President Donald Trump moved to overhaul the US Agency for International Development (USAID). Colombia’s Environment Minister, Susana Muhamad, confirmed the freeze on Thursday, highlighting the significant impact on the country’s Amazon region. Major Impact on Amazon Conservation According to Minister Muhamad, the freeze will hit conservation efforts hardest in the Amazon, a region already struggling with severe deforestation. Colombia loses hundreds of square kilometres of forest every year, mostly in this vital…
Trump Pressured to Cancel Costly SLS Moon Rocket Program President Donald Trump pressured to cancel the costly Space Launch System (SLS) moon rocket program, say sources familiar with the discussions. The move could trigger a political showdown with Republican lawmakers whose districts benefit from thousands of SLS-related jobs. Push to End SLS Program Gains Momentum Advisers from the space industry, including six representatives close to Elon Musk, have urged Trump to phase out the $24 billion SLS program. They argue that the program is a financial burden for NASA, despite its central role in the US moon mission. The SLS…
Hong Kong Shares Rise as Alibaba Leads AI-Driven Rally Hong Kong shares rise, driven by a strong rally in Alibaba shares. The market gained momentum as investors focused on revaluation opportunities linked to artificial intelligence (AI). Meanwhile, mainland China stocks remained mostly flat. Hong Kong Market Boosted by Alibaba Gains The Hang Seng Index (.HSI) rose 1.4%, with tech stocks leading the rally. Alibaba’s Hong Kong-listed shares (9988.HK) soared 6.7%, reaching a four-month high. The rise came after The Information reported that Apple (AAPL.O) is collaborating with Alibaba to introduce AI features for iPhone users in China. On the other…