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Ultra-fast fashion provider Shein's IPO in Hong Kong valued the company at around $27 billion, 70 percent below its 2022 peak. Investors expressed concerns about supply chains and environmental impact, leading to a significantly reduced valuation.
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The US military reports attacking three Iranian oil tankers in the Gulf of Oman and sinking one. This action was a response to Iranian rocket fire targeting two US warships, which the US states were able to evade.
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The Spectrum carrier rocket from Bavarian company Isar Aerospace reached orbit during a test flight from the Andøya Spaceport in Norway. This marks a European first for a privately developed rocket.
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The German carrier rocket "Spectrum" by Isar Aerospace has successfully reached a near-Earth orbit. This marks a milestone for German spaceflight, as emphasized by Federal Research Minister Baer.
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During a discussion on resource partnerships with Africa, there was agreement that human rights are secondary in resource matters. Companies criticized Germany's supply chain law as bureaucratic and costly, while business associations pushed for a weakening of the regulations.
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US envoy met with President Putin in Moscow to discuss a peace agreement. Russia will refrain from attacks on Kyiv for three days after Ukrainian President Zelenskyy offered a three-day ceasefire.
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Isar Aerospace plans a new launch attempt with its Spectrum rocket after the first attempt failed last year after 30 seconds. The company states it has already secured orders worth several hundred million dollars until 2028.
Foreign PolicyRadicalism & State SecurityWars & Military
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Chancellor Merz warns of further hybrid attacks following a drone incident at Leipzig Airport. The federal government holds Russia responsible for the incident, in which a drone with explosives was discovered.
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