Foreign
Elon Musk becomes world’s first trillionaire
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SpaceX founder Elon Musk has become the first person in the world to get the “trillionaire” tag. Investor confidence in Musk’s businesses was on full display on Thursday when SpaceX, which deals in reusable rockets, satellites and artificial intelligence, secured a record USD 75 billion through its initial public offering, reported news agency Reuters.
Alongside electric-vehicle manufacturer Tesla, SpaceX sits at the heart of Musk’s business empire.
Before the share offering, Forbes estimated Musk’s net worth at around USD 780 billion, placing him comfortably ahead of the second-richest individual, Alphabet co-founder Larry Page.
Matt Durot, deputy editor at Forbes Wealth was quoted as saying by Reuters: “The second richest person has been hovering around $300 billion, so about less than one-third of what Musk can potentially be worth tomorrow.” “And only one other person, Oracle founder Larry Ellison, has ever been worth USD 400 billion.”
Elon Musk’s major holdings
A major part of Musk’s wealth is now tied to SpaceX, where his stake is valued at roughly USD 866 billion. Combined with his holdings in Tesla and other ventures, Forbes estimates his net worth at USD 1.1 trillion once SpaceX shares began trading on Friday, according to Reuters calculations based on company filings.
Musk first rose to global prominence through Tesla and SpaceX before extending his influence further with the USD 44 billion purchase of Twitter (now X) in 2022, which gave him access to a massive online community and the chance to regulate the platform. In addition to Tesla and SpaceX, Musk has helped launch several other companies, including tunnel-construction venture The Boring Company and brain-implant developer Neuralink.
His growing involvement in politics has also generated controversy. Among the most debated episodes was his participation in US President Donald Trump’s Department of Government Efficiency last year. The political backlash coincided with low Tesla sales in several overseas markets during 2025, as the company faced protests and consumer boycotts.
Foreign
UK announces social media curfew for 16, 17-year-olds
Children aged 16 and 17-year-olds in the UK will face a voluntary overnight social media curfew, alongside a shutdown of infinite scrolling and mandatory breaks in AI chatbot use, under new plans announced by Technology Secretary Liz Kendall.
According to a report by The Independent UK on Tuesday, the measures form part of the government’s wider restrictions on children’s social media use, and will see default settings block access for older teenagers between midnight and 6 am.
Kendall, in a statement, said, “These measures will be crucial in helping young people get the sleep they need, focus on school and college, and spend more quality time with family and friends, all of which are fundamental to building a happy, healthy and fulfilling adult life.
“We want young people to enjoy the benefits of technology while having the tools to make the online world a place where they can thrive.”
The Independent said features designed to keep users engaged, such as never-ending video reels and algorithmic feeds, will also be automatically switched off under the new defaults.
However, the report noted that critics have questioned how effective the measures will be, given that 16 and 17-year-olds will be able to turn off these default settings themselves.
The curfew plan follows last month’s announcement of a broader social media ban for under-16s by Prime Minister Sir Keir Starmer’s government, expected to cover platforms including Snapchat, TikTok, YouTube, Instagram, Facebook and X, but not messaging services such as WhatsApp and Signal, from next spring, according to the newspaper.
The report added that responsibility for working out key details of the policy will fall to Andy Burnham, who is set to become prime minister after winning the Makerfield by-election.
Kendall is also reportedly pushing new safeguards for children using artificial intelligence, including requiring under-18s to take regular breaks while using chatbots, and a crackdown on AI services that give dangerous, misleading or unverified mental health advice.
Ministers are said to be considering banning chatbots deemed a serious threat to children.
Conservative shadow education secretary Laura Trott reportedly criticised the plan, describing it as “another dog’s dinner from Labour” and arguing that curfews teenagers can simply switch off “won’t achieve anything.”
Foreign
South Africa Confirms Visa-Free Entry for 22 African Countries, Excludes Nigeria
The South African government has reaffirmed its visa exemption policy, allowing citizens of 22 African countries to enter the country without obtaining a visa in advance, subject to the permitted duration of stay and applicable entry conditions.
According to the country’s official visa exemption policy, eligible travellers may enter South Africa for periods ranging from 30 to 90 days, depending on their nationality.
The African countries currently eligible for visa-free entry include:
Algeria – up to 30 days
Benin – 30 days or less
Botswana – up to 90 days
Cabo Verde (Cape Verde) – 30 days or less
Comoros – up to 90 days
Côte d’Ivoire (Ivory Coast) – up to 30 days
Gabon – 30 days or less
Guinea – up to 90 days
Kenya – up to 30 days
Lesotho – 30 days or less
Madagascar – up to 30 days
Malawi – 30 days or less
Mauritius – 30 days or less
Mozambique – up to 90 days
Namibia – 30 days or less
Rwanda – up to 30 days
Seychelles – 30 days or less
Eswatini – 30 days or less
Tanzania – up to 90 days for ordinary passport holders
Tunisia – up to 90 days
Zambia – 30 days or less
Zimbabwe – up to 90 days
South Africa also grants visa-free entry to holders of the African Union Laissez-Passer and the Southern African Development Community (SADC) Laissez-Passer under its exemption policy.
Authorities, however, noted that visa-free access for some countries, including Kenya, Benin and Gabon, is subject to specific conditions. Travellers are therefore advised to confirm the latest entry requirements with South African authorities before making travel arrangements.
Notably, Nigeria is not among the countries currently eligible for visa-free entry into South Africa, meaning Nigerian passport holders are still required to obtain a visa before travelling.
Foreign
At least 27 killed, eight critically injured in Bangkok bar fire
At least 27 people have been killed and eight left critically injured after a fire tore through a bar in Bangkok’s popular Chatuchak district.
Firefighters were called to the scene just after midnight on Monday, and discovered patrons fleeing through the flame-enveloped front door of the venue.
Eyewitnesses say the fire started near the bar’s stage and spread rapidly. Footage posted on X show flames blasting out of the bar as people are seen running out, some screaming and falling over.
This is not the first time such incidents have occurred in Thailand. Despite official promises to improve fire and electrical safety standards following previous accidents, they are still often poorly enforced.
Firefighters arrived at the scene just after midnight, reportedly after a passing driver saw the venue on fire around 23:30 local time. He told local news outlet the Daily News that he leapt out of his car and broke windows to help two people escape.
The official cause of the fire is still under investigation, said Prime Minister Anutin Charnvirakul.
He also told reporters that he had spoken to a musician, who was performing when the fire started, who recounted what happened.
“He said that there was a fire at the cut-out switch, and after that things happened very quickly. There was blasting and everybody tried to flee from the smoke and flames,” he said.
“Many of them were not able to make their way out because they went to the back of the building and tried to hide themselves from the smoke and flames in the toilet, and that’s where we found most of the bodies.”
Firefighters were reportedly able to bring the flames under control in about half an hour, but despite this – some nine men and 18 women were killed, and more than 60 are being treated in hospital, eight of whom are critically injured.
Initial findings suggest that majority of the victims had died from smoke inhalation, said Suriyachai Raviwan, the director of Bangkok’s disaster department. However, he added, further investigation was needed to confirm this.
One motorcyclist, Surin Jaiharn, told AFP that he helped about five people flee the burning bar, using clothing to extinguish flames on their bodies.
“I feel depressed. I saw many deaths and I do not know the fate of the people I helped,” he told AFP.
As of Monday morning, the bar – Rong Beer Na Lat Phrao – has been cordoned off, with shattered windows and furniture piled up outside its entrance. An acrid smell of burning lingers in the air.
Confronting pictures taken after the fire had been brought under control show many body bags lined up outside the bar, and a large cordon around the area.
Inside, the furniture, walls and ceiling are completely blackened, and parts of the ceiling is peeling off.
Bangkok governor Chatchart Sittipunt visited the scene and claimed the fire had spread quickly through the flammable interior decorations on the bar’s ceiling. Toxic smoke from the burning decorations might have also caused victims to lose consciousness, he added.
There were also reports of numerous people found unconscious near the building’s emergency exit, said Chatchart, who added that there might have been tables or other objects obstructing the area.
“However, this matter requires a thorough and official investigation by forensic officers,” he added.
This is not the first time such an incident has occurred.
Four years ago another fire in a bar in a town south of Bangkok killed 22 people; in 2009, 66 people died in a nightclub fire in the capital.
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