SpaceX is working with major Wall Street banks, including Bank of America, Goldman Sachs, JPMorgan and Morgan Stanley, on a potential record IPO as soon as this year. The move follows a sharp rise in valuation, with investors focused on the growth prospects of Starlink and launch services.
Donald Trump said the US would not take Greenland by force, instead urging negotiations on a deal he argued could benefit both sides. He kept pressure on European partners, while markets steadied following his remarks at the economic forum.
Trump declared there is “no going back” on US control of Greenland, widening a rift with European leaders. The stance rattled markets, drew scrutiny of the UK’s position and left only a tentative prospect of talks at Davos.
Washington reaffirmed a threat to take control of Greenland, raising tensions with Europe. Copenhagen rejected pressure, and Berlin said it would not be blackmailed. The dispute risks deepening trade friction and unsettling markets, with signs of investors trimming US exposure.
Brussels is preparing €93bn in retaliatory tariffs on US goods to counter threats linked to Greenland. The plan is leverage ahead of Davos, seeking a White House climbdown and warning that continued tensions risk damaging transatlantic trade and security ties.
Downing Street condemned Trump’s plan to impose tariffs on British and EU goods as leverage to buy Greenland, calling it economic coercion. The PM will raise the issue with allies and Nato, backing Denmark’s sovereignty. Washington says levies will stay until a sale is agreed.
Brussels is weighing a two-stage route to EU membership for a candidate state, giving early access to parts of the single market, funds and a political role ahead of full rights. Implementing it would require overhauling accession rules, drawing mixed reactions across the bloc.
Robert Jenrick has joined Reform after Badenoch sacked him for plotting to defect. It is the biggest Tory loss yet. Farage welcomed him as a major recruit, while Jenrick said he respects Badenoch but no longer trusts the Conservatives on immigration.
Reeves signalled she could widen her pubs business rates U-turn to include hotels and the wider hospitality sector. Broader relief would ease cost pressures and support jobs and investment, marking another notable policy reversal for Labour.
Donald Trump pledged support for demonstrators in Iran, saying assistance is coming and urging them to document abuses. Washington signalled potential action while keeping the door open to talks. Tehran said it was prepared for any escalation but maintained willingness for dialogue.