Saba Arif

Wall Street IPO Boom Cools as Weak Demand and High Valuations Delay New Listings

Wall Street’s initial public offering market has cooled sharply after a year that began with record-setting fundraising and hopes for a strong autumn of new listings. Financial Times reporting on October 4 said investor appetite for many new deals has weakened, while concerns over stretched valuations and disappointing post-IPO performance are forcing more companies to…

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Supabase Raises $150M and Acquires Turso as AI Agents Drive Database Demand

Supabase has raised $150 million in new funding led by Singapore’s sovereign wealth fund GIC and agreed to acquire database startup Turso, as the company expands its infrastructure for software increasingly created and operated by AI coding agents. CapitalG, IronArc and Square Peg also participated in the funding round, according to the company’s October 2…

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Telkom Indonesia Spins Off Fiber Business to InfraNexia in Rp85.7 Trillion Deal

Telkom Indonesia has moved more than 90% of its network infrastructure assets into PT Telkom Infrastruktur Indonesia, known as InfraNexia, as the state-controlled telecom group restructures its wholesale fiber business and opens more of its network to external industry customers. The company said independent shareholders approved the second phase of the spin-off at an extraordinary…

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Pakistan Auto Parts Makers Seek PM Meeting Over Draft Auto Policy 2026-31

Pakistan’s auto parts manufacturers have asked Prime Minister Shehbaz Sharif for an urgent meeting as the government reviews the draft Auto & Auto Parts Policy 2026-31. The Pakistan Association of Automotive Parts & Accessories Manufacturers, or PAAPAM, said it wants industry concerns and proposals considered before the policy is finalised. According to Dawn, the association…

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Merz Arrives in Kyiv as Germany Deepens Ukraine Support With Drones, Air Defence and Energy Aid

German Chancellor Friedrich Merz arrived in Kyiv on October 4, 2026, as Germany moved to deepen military, industrial and energy cooperation with Ukraine while Russian attacks on the capital intensified. Reuters reported that Merz reached Kyiv amid air-raid sirens and explosions and was expected to announce a €1 billion military aid package, €350 million for…

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NASA SpaceX Crew-13 Reaches ISS, Begins Long-Duration Science Mission

NASA’s SpaceX Crew-13 has reached the International Space Station, adding four new crew members to the orbiting laboratory for a long-duration science mission. The crew includes NASA astronauts Jessica Watkins and Luke Delaney, Canadian Space Agency astronaut Joshua Kutryk and Roscosmos cosmonaut Sergey Teteryatnikov. NASA said the Dragon spacecraft completed a record-setting 7-hour, 55-minute flight…

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