The mobile ambitions of SpaceX see telecom stocks get hit again. What the latest developments mean.

Bybit’s new VARA licence authorizes spot trading services in Dubai, but the exchange must complete additional regulatory requirements before launching. Crypto exchange Bybit has secured a full Dubai license for spot trading following its earlier in-principle approval. Bybit said Thursday that its Dubai entity, Bybit Fintech FZE, received a virtual asset service provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA) for exchange services, including spot trading. A Bybit spokesperson told Cointelegraph that the entity’s previous in-principle approval was non-operational and did not permit it to serve customers in Dubai. VARA’s public register lists the new license as active, allowing services to retail, qualified and institutional investors. The spokesperson said Bybit must still complete VARA’s launch process and meet operational requirements before starting spot trading services. The company did not provide a launch date. Bybit previously secured a full Virtual Asset Platform Operator license from the United Arab Emirates’ federal regulator, the Securities and Commodities Authority (SCA), in October 2025.

An unusual occurrence with breadth and the stock market just occurred.

Open this photo in gallery:Stelco's Hamilton operations steel production facility is pictured from across the Hamilton Harbour in Burlington, Ont., on Friday, Oct. 9, 2026. Nick Iwanyshyn/The Canadian PressWelcome to The Globe and Mail’s business and investing news quiz. Join us each week to test your knowledge of the stories making headlines. Our business reporters come up with the questions, and you can show us what you know. This week: Canada’s inflation rate was released, Anthropic is on the verge of an initial public offering and Ottawa and Ontario pledged billions to help support a number of key sectors. Take our quiz and find out what happened in business. 1Showdown time! Federal Industry Minister Mélanie Joly has sent Stelco a new letter demanding it comply with the job guarantees it made to Ottawa. How long does the U. S.-owned steelmaker have to respond?

Moody’s is set to update its rating on France’s debt after U.S. markets close on Friday.

A company beating earnings expectations by 36% and revenue expectations by 15% would usually see a post-results bump. But not for Bloom Energy, the fuel-cell maker that has flourished due to…

“I retired in 2020 and subsequently went through a divorce a few years later.”