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Time:2026-06-12T04:04:35Z

China leads global port efficiency rankings; Thai Princess Bajrakitiyabha passes away at 47; conflicting signals emerge over US-Iran peace talks; SpaceX raises $75bn ahead of record-breaking IPO.

China tops world port efficiency rankings

China tops world port efficiency rankingsA World Bank study shows China's ports are the most efficient globally, far ahead of other nations. Beijing is pushing for increased imports from Europe to balance trade relations. Meanwhile, US farmers express cautious optimism about resuming trade with China.

Sources:
China’s ports are by far the most efficient in the world: World Bank study (SCMP)
China seeks greater imports from Europe (China Daily)
US farmers 'cautiously optimistic' on China trade (China Daily)

Thai Princess Bajrakitiyabha dies at 47

Thai Princess Bajrakitiyabha dies at 47Thailand's Princess Bajrakitiyabha has died at age 47 after spending more than three years in a coma. The Royal Palace confirmed her passing. International media outlets widely reported the news, highlighting her role as the eldest daughter of King Maha Vajiralongkorn.

Sources:
Thai princess dies at 47 following years-long coma, Royal Palace says (CNN)
Thai Princess Bajrakitiyabha dies after more than three years in coma (BBC)
Thailand’s Princess Bajrakitiyabha dies aged 47 after years in a coma (The Guardian)

Trump says US-Iran peace deal is near

Trump says US-Iran peace deal is nearFormer President Donald Trump claims a deal to end the war with Iran is imminent, with a signing expected within days. However, Iranian officials say no final decision has been made yet. The conflicting statements highlight ongoing uncertainty around the negotiations.

Sources:
Trump claims deal to end Iran war near as Tehran says 'nothing' finalised (BBC)
Trump says US Iran close to deal, signing expected within days (China Daily)
Trump claims US and Iran on verge of signing peace agreement, but Tehran says no final decision made (The Guardian)

Trump calls off strikes amid Iran talks

Trump calls off strikes amid Iran talksTrump called off planned military strikes against Iran, citing a breakthrough in negotiations. Global stock markets surged on the news. However, Trump also threatened to hit Iran 'very hard' and speculated about taking over Iran's oil and gas sectors, creating mixed signals about the path forward.

Sources:
Trump calls off latest threats to strike Iran, cites breakthrough in talks to end the war (AP News)
Stock markets surge as Trump calls off strikes on Iran, touts peace deal (Al Jazeera)
Trump now says a peace deal will be announced 'soon,' cancels further strikes (NPR)
Trump vows to hit Iran 'very hard tonight' and later take over its oil and gas sectors (NPR)
Trump calls off latest threat to strike Iran, hints again that a 'settlement' is close (CBC)

SpaceX raises $75bn ahead of record IPO

SpaceX raises $75bn ahead of record IPOSpaceX has raised $75 billion ahead of what is expected to be the largest stock market debut in history. The IPO further solidifies Elon Musk's influence in the space industry. Some investors question whether SpaceX's $1.77 trillion valuation is justified, calling it speculative.

Sources:
Elon Musk's SpaceX raises $75bn ahead of record stock market debut (BBC)
SpaceX Sets Milestone With World’s Largest I.P.O., Furthering Musk’s Power (NYT)
Is SpaceX Worth $1.77 Trillion? It’s a Pie in the Sky, Some Investors Say. (NYT)
He Spent 15 Years Amassing SpaceX Shares. Now Comes the Windfall.5 min read (NYT)