Business & Technology
Chinese Drivers Use Tiny Plastic Heads to Fool Tesla’s Autopilot Safeguards
Tesla owners in China are buying small plastic heads resembling celebrities to trick the car's in-cabin camera, allowing them to be distracted while using driver-assist features.
Wired · 12 Jun, 22:05
Ukrainian AI Drones Autonomously Engaged Targets, Including Soldiers
Two years ago, ten AI-driven Ukrainian drones autonomously identified and destroyed targets, including soldiers, raising ethical concerns. Ukraine publicly denies using such technology without human oversight.
Delfi · 12 Jun, 22:05
SpaceX shares soar 30% on debut, making it the sixth most valuable US company
SpaceX made its public market debut on Monday, with shares jumping to $176 and market capitalization reaching nearly $2.3 trillion, vaulting the company to the sixth most valuable publicly traded firm in the United States.
TechCrunch · 12 Jun, 22:03
SCT Lubricants Develops World-Class Engine Protection Solutions in Lithuania
At the SCT Lubricants factory in Lithuania, advanced oil technologies have been created that significantly extend engine life and reduce wear.
15min · 12 Jun, 22:03
Latvia Faces Claim of Over €14 Million Over Rail Baltica Design Contract
A consultant consortium is demanding over €14 million in arbitration after the termination of a Rail Baltica design contract for the Riga section, while the Latvian Transport Ministry has filed a counterclaim for €3.37 million in penalties.
Dienas Bizness · 12 Jun, 22:02
Spacex makes its Nasdaq debut after the largest public offering in history
SpaceX began trading on Nasdaq on Friday in the largest initial public offering ever, with shares opening above the IPO price. Elon Musk's net worth nears $1 trillion, and thousands of employees become millionaires.
Euronews Business · 12 Jun, 22:01
Ukraine's Fully Autonomous Drones Killed Russian Soldiers in a Test
According to the CEO of a Ukrainian drone manufacturer, fully autonomous drones killed Russian soldiers in a battlefield test two years ago. The one-time experiment highlights ethical and practical challenges of lethal autonomous weapons.
Ars Technica · 12 Jun, 22:00
Ukraine's one-time test used fully autonomous drones to kill Russian soldiers
Two years after a battlefield test, a Ukrainian drone manufacturer revealed that fully autonomous drones killed Russian soldiers. This is the first known instance of such technology being used in actual combat.
Ars Technica · 12 Jun, 21:59
SpaceX IPO becomes largest in history; shares surge 30% on first day
SpaceX started trading on Nasdaq, raising $75 billion in the largest IPO ever. Shares opened at $150 and rose 30% by midday.
TechCrunch · 12 Jun, 21:58
SpaceX Makes Historic IPO Debut, Shares Surge 30% on First Day
SpaceX shares opened at $150 on Nasdaq, 11% above the IPO price, and soared 30% by midday. The $75 billion IPO is the largest in history, potentially making Elon Musk the world's first trillionaire.
TechCrunch · 12 Jun, 21:58
Sam Bankman-Fried loses appeal to overturn fraud convictions and 25-year prison sentence
Former crypto billionaire Sam Bankman-Fried has failed to overturn his fraud conviction and 25-year prison term related to the collapse of FTX. A federal appeals panel unanimously rejected his appeal.
Al Jazeera · 12 Jun, 21:58
Congress Allows Decades-Old Spying Law to Expire Amid Trump's Controversial DNI Nomination
Congress failed to extend Section 702 of FISA on Thursday night, letting it lapse for the first time since 2008, as President Trump's nominee for director of national intelligence faces opposition over lack of experience and potential misuse of surveillance powers.
Engadget · 12 Jun, 21:58
US Aid Cuts Linked to Hundreds of Thousands of Potential Deaths, Models Show
Public health models project that cuts to USAID, spearheaded by Elon Musk’s Department of Government Efficiency (DOGE), could result in over 780,000 deaths, primarily among children.
The Verge · 12 Jun, 21:58
Congress Allows Decades-Old Surveillance Law to Expire Amid Trump's DNI Nomination Controversy
US Congress failed to extend Section 702 of FISA on Thursday night, marking the first expiration since 2008. The lapse is tied to political disputes over President Trump's controversial pick for Director of National Intelligence.
Engadget · 12 Jun, 21:57
The Verge: Musk's actions in dismantling USAID may have caused hundreds of thousands of deaths
According to a report by The Verge, Elon Musk's Department of Government Efficiency (DOGE) destroyed the US Agency for International Development (USAID), leading to projections of over 780,000 deaths, mostly children, from preventable diseases.
The Verge · 12 Jun, 21:57
Can Starmer’s late-night World Cup openings help Britain’s struggling pubs?
The UK government allows pubs to stay open until 2am on World Cup match days to boost the hospitality sector, but experts warn the benefits will be limited because only a few games qualify for late hours.
The Guardian World · 12 Jun, 18:08
Balticovo's €120 Million Investment and the Liquidation of the Insolvency Control Service – Key Business Events This Week
This week in Latvia's business landscape, two major developments stand out: Balticovo's €120 million investment in production capacity and sustainable infrastructure, and the liquidation of the Insolvency Control Service, both contributing to economic growth and efficiency.
LSM · 12 Jun, 18:07
Spanish Consortium Demands €14 Million from Latvia for Terminated Rail Baltica Design
Spanish firms IDOM and INECO have filed an arbitration claim seeking compensation for the terminated design contract for the Rail Baltica route through Riga.
LSM · 12 Jun, 17:05
Deezer creates tool to identify AI-generated songs
The French music streaming platform Deezer has launched an online tool that allows users to identify AI-generated songs in playlists, available to users of all major streaming platforms.
LSM · 12 Jun, 13:57
Olga Bogdanova steps down as chair of Augstsprieguma tīkls board
Olga Bogdanova, chairperson of the board of AS Augstsprieguma tīkls, will leave her position, serving until August 24.
LSM · 12 Jun, 12:55
OECD: Improving healthcare and public administration could raise living standards in Latvia
The OECD's latest Economic Survey of Latvia finds that the country's living standards have converged towards the OECD average over the past 25 years, but structural challenges remain.
LSM · 12 Jun, 12:54
BBC video explains three things about SpaceX's stock market debut
BBC correspondent Samira Hussain presents a video report on SpaceX's historic IPO, highlighting three key points.
BBC World · 12 Jun, 11:53
Paddy Power owner Flutter to scrap London Stock Exchange listing
Flutter Entertainment, the world’s largest online betting company, will delist from the London Stock Exchange on 3 August, citing low trading volumes and high costs.
The Guardian World · 12 Jun, 10:51
Elon Musk poised to become world's first trillionaire after SpaceX IPO
Elon Musk is set to become the world's first trillionaire as SpaceX's public debut on Friday could push his net worth past the $1 trillion mark, outpacing historical tycoons.
Al Jazeera · 12 Jun, 10:50
UK economy shrank 0.1% in April as Iran war weighed on growth
The UK's gross domestic product fell 0.1% in April compared with a rise in March, driven by the Iran war's impact on energy prices and the closure of the Strait of Hormuz.
The Guardian World · 12 Jun, 09:51
Will Artificial Intelligence Replace Judges? The Impact of Progress on the Job Market
Technological progress has historically transformed the job market, often raising fears that machines will take over jobs, but new professions have always emerged. Now, the rise of artificial intelligence sparks debates about the future role of judges.
LSM · 12 Jun, 06:44
Stock markets surge as Trump calls off strikes on Iran, touts peace deal
Wall Street and Asian markets rallied after President Trump announced the cancellation of planned strikes on Iran and a nearing peace agreement.
Al Jazeera · 12 Jun, 05:41
Latvian company "Brīvais vilnis" acquires Estonian fish processor "Saare Kala Tootmine"
AS "Brīvais vilnis" has completed the acquisition of Estonian fish processing company "Saare Kala Tootmine", making an initial payment of 200,000 euros.
LSM · 12 Jun, 05:41
Elon Musk Becomes First Trillionaire in History After SpaceX IPO
Following SpaceX's record-breaking initial public offering (IPO), Elon Musk has become the world's first trillionaire, with total assets exceeding $1.1 trillion.
Ukrainska Pravda · 12 Jun, 04:40
Latvians spent €1.3 billion on foreign trips last year
In 2025, Latvians spent nearly €1.8 billion on all trips, with €1.3 billion spent abroad, according to the Central Statistical Bureau. Domestic tourism saw a slight decline while foreign travel increased.
LSM · 12 Jun, 03:37
SpaceX Sets Historic IPO Price, Valued at $1.77 Trillion
SpaceX priced its IPO at $135 per share, raising $75 billion and achieving a valuation of $1.77 trillion, making it the largest initial public offering in U.S. history and surpassing Saudi Aramco's record.
Pravda — ziņas · 12 Jun, 03:37
SpaceX sets record with $1.77 trillion valuation in historic IPO
SpaceX has completed the largest IPO in U.S. history, raising $75 billion at a $1.77 trillion valuation, surpassing previous records and major tech and finance giants.
Ukrainska Pravda · 12 Jun, 03:37
ECB raises eurozone interest rates as Iran war stokes inflation
The European Central Bank has raised interest rates for the first time since 2023 in response to higher inflation caused by the war in Iran.
The Guardian World · 12 Jun, 02:43
European Central Bank raises interest rates by 0.25 percentage points
The European Central Bank on Thursday, June 11, decided to raise interest rates by 0.25 percentage points, the first such move in response to the energy crisis in the Middle East.
LSM · 12 Jun, 02:41
Gold becomes top reserve asset; is dollar dominance at risk?
Gold now accounts for 27 percent of global central bank reserves, overtaking US Treasuries as the world's largest reserve asset for the first time.
Al Jazeera · 12 Jun, 02:37
World Bank warns global growth to hit post-COVID low due to US-Iran war
The World Bank cut its 2026 global growth forecast to 2.5%, citing rising energy prices and inflation driven by the US-Iran conflict, and warned of further downside risks.
Al Jazeera · 12 Jun, 02:27