The US military conducted airstrikes against Iran for the second consecutive day. President Trump threatened to continue attacks if Iran refuses to sign an agreement and warned of targeting Iranian oil and gas infrastructure. Iran criticized the ceasefire agreement as meaningless, escalating tensions in the Middle East conflict.
Two Chinese government ships entered Taiwan's restricted waters near Pratas Island in the South China Sea yesterday morning. Taiwan's Coast Guard deployed vessels to forcibly expel them within approximately 15 minutes. The Coast Guard condemned the incident, stating the Chinese vessels made two sudden hostile maneuvers that seriously challenged Taiwan's sovereignty and endangered personnel safety.
President Trump reversed course on Thursday, canceling a planned military strike against Iran just five hours after threatening a severe attack. Trump announced that a US-Iran agreement has reached final drafting stage and received approval from Iran's top leadership, potentially to be signed in Europe by weekend. The dramatic shift suggests a de-escalation in US-Iran tensions.
US President Trump announced the cancellation of a planned military operation against Iran, stating that key provisions of a US-Iran agreement have been approved. The decision reverses his earlier public announcement made hours before and suggests negotiations may be approaching resolution. Trump's move indicates a significant shift in the situation.
US President Donald Trump announced the cancellation of a planned airstrike and bombing campaign against Iran scheduled for tonight. Trump stated that discussions with Iran have been elevated to Iran's highest leadership level and approved, leading him to cancel the military operation.
The US military conducted airstrikes against Iran for the second consecutive day. President Trump threatened to continue attacks if Iran refuses to sign an agreement and warned of targeting Iranian oil and gas infrastructure. Iran criticized the ceasefire agreement as meaningless, escalating tensions in the Middle East conflict.
Two Chinese government ships entered Taiwan's restricted waters near Pratas Island in the South China Sea yesterday morning. Taiwan's Coast Guard deployed vessels to forcibly expel them within approximately 15 minutes. The Coast Guard condemned the incident, stating the Chinese vessels made two sudden hostile maneuvers that seriously challenged Taiwan's sovereignty and endangered personnel safety.
Taiwan's Executive Yuan passed amendments to the Criminal Code significantly increasing penalties for drugged driving. Offenders face up to five years imprisonment, while those causing death with repeat offenses within ten years face potential life sentences. Active military personnel convicted of drugged driving face maximum fines of NT$42 million. The measures aim to combat the rising frequency of drugged driving incidents and their resulting casualties.
Iran conducted an airstrike on Kuwaiti territory this morning, damaging the radar system at Kuwait's international airport and injuring personnel. Kuwaiti authorities temporarily closed the airspace in response. This marks the second Iranian attack on Kuwait's sole international airport within a week, raising regional security concerns.
President Trump reversed course on Thursday, canceling a planned military strike against Iran just five hours after threatening a severe attack. Trump announced that a US-Iran agreement has reached final drafting stage and received approval from Iran's top leadership, potentially to be signed in Europe by weekend. The dramatic shift suggests a de-escalation in US-Iran tensions.
US stock markets surged today with the Dow Jones Industrial Average gaining 929.97 points, marking the best single-day performance in two months. President Trump announced the cancellation of planned airstrikes against Iran scheduled for tonight. Markets anticipate US-Iran negotiations will reach an agreement, facilitating the resumption of global oil transportation and driving down international oil prices.
US President Trump announced the cancellation of a planned military operation against Iran, stating that key provisions of a US-Iran agreement have been approved. The decision reverses his earlier public announcement made hours before and suggests negotiations may be approaching resolution. Trump's move indicates a significant shift in the situation.
US President Trump posted on Truth Social on the 11th, threatening to strike Iran very strongly that night. However, approximately five hours later, he posted again stating that he had cancelled the planned airstrikes and bombing operations against Iran, drawing international attention to US policy direction toward Iran.
US President Donald Trump announced the cancellation of a planned airstrike and bombing campaign against Iran scheduled for tonight. Trump stated that discussions with Iran have been elevated to Iran's highest leadership level and approved, leading him to cancel the military operation.
A 30-year-old drug user in Taoyuan refused a sobriety check and fled police, leading to a high-speed chase that ended in a crash killing two pedestrians at a traffic light. Over the past month, Taiwan has experienced multiple drug-driving incidents, with Changhua recording two cases in 19 days resulting in four deaths and eight injuries. Public anger has intensified after a suspect was released without bail, with residents criticizing the judicial system for allowing dangerous drivers to remain free.
SpaceX achieved the largest initial public offering in history, issuing 555.6 million shares at $135 per share, raising approximately $75 billion. This IPO is more than double Saudi Aramco's 2019 offering of $29.4 billion. SpaceX's market valuation reached $1.77 trillion, with fully diluted valuation around $1.8 trillion, making it one of the world's highest-valued public companies. Founder Elon Musk's strong appeal to retail investors was key to the deal's success.
SpaceX, founded by Elon Musk, will conduct its initial public offering on the 11th. According to sources, the IPO has attracted over $70 billion in retail investor subscriptions, with many investors selling their existing technology stock holdings to raise capital. Bloomberg estimates that retail investors will receive at least 20% of the shares, demonstrating significant market interest in SpaceX.
A strike by South Korea's ready-mix concrete transport workers union has halted concrete pouring operations at SK Hynix's semiconductor complex in Yongin, Gyeonggi Province, and cancelled work at Samsung Electronics' Pyeongtaek facility. Industry observers worry the strike could significantly impact South Korea's semiconductor sector, threatening expansion of chip manufacturing facilities.
Oracle's stock price dropped 13% during Thursday trading, potentially marking its largest single-day decline since January 2025, with a market value loss of approximately 72 billion dollars. Investors expressed concerns about the company's substantial capital expenditures for AI infrastructure investments. Oracle has aggressively pursued the AI cloud market, securing partnerships with OpenAI and Meta, but shareholders question whether the company has sufficient financial capacity to support such massive expansion plans.
The U.S. National Oceanic and Atmospheric Administration (NOAA) announced that El Niño has formed. El Niño is characterized by abnormally warm sea surface temperatures in the equatorial Pacific Ocean. The phenomenon is expected to continue strengthening through the end of the year and will significantly impact global climate and weather patterns.
Asian Development Bank President Masahiro Kanda warned that Middle East conflict is driving inflation, putting Asian economies at risk of stagflation. The World Bank cut its global economic growth forecast for this year to 2.5%, citing Middle East tensions. If energy supply disruptions worsen and pressure financial markets, growth could plummet to 1.3%.
The US Bureau of Labor Statistics reported on May 11 that the Producer Price Index (PPI) increased 6.5% year-over-year in May, marking the largest gain since November 2022 and exceeding market expectations of 6.4%. The monthly increase of 1.1% also surpassed the expected 0.7%. The Iran conflict continues to drive up energy and commodity prices, intensifying inflationary pressures.
The European Central Bank decided on the 11th to raise its benchmark deposit rate from 2% to 2.25%, marking the first rate increase since September 2023. The move aims to address inflationary pressures stemming from the Iran-related conflict.
Taiwan OTC Center announced that OTC-listed companies' single-month revenue in May reached 327.1 billion TWD, up 32% year-over-year. Cumulative revenue for the first five months surpassed 1.5 trillion TWD, growing 23% annually. The semiconductor sector led with 374.7 billion TWD in cumulative revenue, up 50% year-over-year, driven by strong AI application demand. Among 888 OTC-listed companies, 607 achieved revenue growth.
The European Central Bank announced a rate hike of 25 basis points, raising its deposit rate to 2.25%, marking its first increase since September 2023. The decision reflects concerns that escalating Middle East tensions could drive up energy costs and inflation pressures in the eurozone.
Alphabet's autonomous taxi company Waymo announced its first paid membership plan, Waymo Premier, at $29.99 per month on Thursday. Initially available by invitation to frequent users in San Francisco, Los Angeles, and Phoenix, members receive priority vehicle matching, up to five free ride cancellations monthly, and 10% Waymo Cash rewards per trip. The subscription aims to establish stable revenue streams as Waymo accelerates global expansion and prepares to enter the London market.
To consolidate its subscription user market share, OpenAI is reportedly planning to reduce language model token pricing and engage in price competition with Anthropic. Both OpenAI and Anthropic are expected to pursue initial public offerings in the second half of the year to address potential cash flow concerns. Industry analysts believe that lower AI model subscription service prices will help increase market demand.
Amazon founder Jeff Bezos rejected predictions that artificial intelligence will cause mass unemployment in a recent interview. He stated that his newly established AI lab Prometheus, funded with 41 billion dollars, will drive transformation in manufacturing and engineering sectors, ushering in multiple golden ages. This marks Bezos's first leadership role in a new venture since stepping down as Amazon CEO in 2021.
Alphabet, Google's parent company, is reportedly negotiating with Samsung Electronics to manufacture components for its next-generation AI chips. According to The Information, Google is developing the Icefish tensor processor, with TSMC handling primary chip production while Samsung would produce memory-connecting components using advanced 2-nanometer process technology. The move demonstrates Google's strategy to diversify its supply chain and reduce reliance on TSMC.
The US military conducted airstrikes against Iran for the second consecutive day. President Trump threatened to continue attacks if Iran refuses to sign an agreement and warned of targeting Iranian oil and gas infrastructure. Iran criticized the ceasefire agreement as meaningless, escalating tensions in the Middle East conflict.
Two Chinese government ships entered Taiwan's restricted waters near Pratas Island in the South China Sea yesterday morning. Taiwan's Coast Guard deployed vessels to forcibly expel them within approximately 15 minutes. The Coast Guard condemned the incident, stating the Chinese vessels made two sudden hostile maneuvers that seriously challenged Taiwan's sovereignty and endangered personnel safety.
US President Trump announced the cancellation of a planned military operation against Iran, stating that key provisions of a US-Iran agreement have been approved. The decision reverses his earlier public announcement made hours before and suggests negotiations may be approaching resolution. Trump's move indicates a significant shift in the situation.
US President Trump posted on Truth Social on the 11th, threatening to strike Iran very strongly that night. However, approximately five hours later, he posted again stating that he had cancelled the planned airstrikes and bombing operations against Iran, drawing international attention to US policy direction toward Iran.
US President Donald Trump announced the cancellation of a planned airstrike and bombing campaign against Iran scheduled for tonight. Trump stated that discussions with Iran have been elevated to Iran's highest leadership level and approved, leading him to cancel the military operation.
President Trump reversed course on Thursday, canceling a planned military strike against Iran just five hours after threatening a severe attack. Trump announced that a US-Iran agreement has reached final drafting stage and received approval from Iran's top leadership, potentially to be signed in Europe by weekend. The dramatic shift suggests a de-escalation in US-Iran tensions.
SpaceX achieved the largest initial public offering in history, issuing 555.6 million shares at $135 per share, raising approximately $75 billion. This IPO is more than double Saudi Aramco's 2019 offering of $29.4 billion. SpaceX's market valuation reached $1.77 trillion, with fully diluted valuation around $1.8 trillion, making it one of the world's highest-valued public companies. Founder Elon Musk's strong appeal to retail investors was key to the deal's success.
SpaceX has announced its official IPO share pricing at $135 per share, marking the largest initial public offering in history. The pricing announcement signals the beginning of SpaceX's transition to public markets. This significant capital raise will enable the aerospace company to further advance its rocket launch capabilities and space exploration technologies.
SpaceX, Elon Musk's rockets-to-AI company, completed its initial public offering at $135 per share, raising $75 billion in the world's largest IPO on record. The deal attracted blockbuster investor demand, reflecting strong market confidence in the company's space exploration and artificial intelligence ventures.
President Trump announced the cancellation of planned military strikes against Iran after Tehran's leadership and negotiating parties approved discussions on final points. Trump indicated that a peace agreement could be signed in the coming days, suggesting progress in negotiations to resolve the conflict.
The US military has attacked three tankers over the past three days, resulting in at least three deaths. The incidents involve multiple commercial vessels and have drawn international attention. The US military has not yet publicly disclosed detailed reasons for the strikes, and investigations are ongoing.
Elon Musk's SpaceX has officially set a record for the largest IPO in history, pricing 555.6 million shares at a $1.77 trillion valuation. The company, which operates as a rocket manufacturer, satellite internet provider, AI firm, and owner of social media platform X, marks a historic milestone in public market offerings.
US President Trump, who previously indicated plans for further military action against Iran, reversed his position and announced a suspension of attacks, claiming negotiation terms were approved by Iran. However, Iranian media disputed this, stating the agreement remains unapproved, leaving the status of bilateral talks unclear.
US President Donald Trump announced Thursday the cancellation of planned military strikes against Iran. Trump stated that negotiations with Iran have reached the highest levels of Iranian leadership and received approval from all parties involved. He cited progress in discussions as the reason for suspending the scheduled air strikes and bombing operations.
Taiwan's Executive Yuan passed amendments to the Criminal Code significantly increasing penalties for drugged driving. Offenders face up to five years imprisonment, while those causing death with repeat offenses within ten years face potential life sentences. Active military personnel convicted of drugged driving face maximum fines of NT$42 million. The measures aim to combat the rising frequency of drugged driving incidents and their resulting casualties.