South Korea’s SK Hynix raises $26.5bn in record-breaking US IPO
South Korean chip giant makes largest-ever debut by a foreign firm in the US, eclipsing Alibaba’s 2014 IPO.
![Has football lost its soul? From Pele’s “Joga Bonito” to billion-dollar World Cups, sky-high ticket prices and growing commercialisation, the game has changed. [Al Jazeera]](https://www.aljazeera.com/wp-content/uploads/2026/07/image-1783626892.jpg?resize=770%2C513&quality=80)
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Indonesia’s free meals programme plagued by alleged corruption and waste
Indonesian President Prabowo Subianto’s initiative has been criticised for misdirecting resources to affluent regions.
US summer travel slumps under rising fares and fuel expenses
US summer trips decline as 45 percent of Americans skip holidays due to soaring airfares and car travel expenses.
Trump’s Iran strike comments shake markets, Brent crude hits two-week high
Travel stocks plunged as fuel costs rise, United Airlines fell 3 percent, while energy stocks saw gains.
EXPLAINER
Why have half a million Russians gone bankrupt amid Ukraine war?
European intelligence report warns of strain on Russia’s banks, but experts say a full-blown crisis is unlikely
Iran’s economy faces long road to recovery as fragile truce tested
The devastation that industrial facilities have taken from two wars in a year might take years to reverse, say analysts.
Nasdaq vs Dow: How are the key indices different as SpaceX joins one?
SpaceX joins Nasdaq-100 after IPO, bypassing traditional three-month trading rule for inclusion in the tech-heavy index.
SpaceX shares slide as it joins the tech-heavy Nasdaq-100
Musk-led company joined the index on Tuesday, less than a month after its stock market debut on June 12.
US trade deficit surges amid artificial intelligence spending boom
Imbalance soars to $77.6bn in May as imports outpaced exports, driven by pharmaceuticals and semiconductors.
After Iran war upheaval, global shipping eyes return to status quo
Industry known for its resilience is likely to emerge from war relatively unchanged, analysts say.
![The Strait of Hormuz remains a critical chokepoint for global energy supplies, with disruptions likely to influence fuel costs, trade and economic planning across Africa [Amirhosein Khorgooi/ISNA via AP]](https://www.aljazeera.com/wp-content/uploads/2026/07/AP26124419258830-1783382378.jpg?resize=770%2C513&quality=80)
Canada picks Germany’s TKMS for new submarines
The German-owned naval shipbuilder made the bid with NATO ally Norway, beating out South Korea’s Hanwha Ocean.
