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SpaceX Starship Faces Another Setback In Test Flight

SpaceX’s ambitious Starship project encountered another hurdle as its latest test flight ended with the spacecraft losing contact and disintegrating mid-air. Just minutes after launch, the rocket spiraled downward, breaking apart over Florida skies.

Although the first-stage booster was successfully retrieved at the launch pad in Texas, difficulties arose as the spacecraft’s upper stage engines failed eastward over the Indian Ocean. Before contact was lost, Starship had reached an altitude of 90 miles (150 kilometers).

Flaming pieces of debris touched down across various locations near Cape Canaveral, adding to the mystery of what went wrong.

Impact On Air Travel

The Federal Aviation Administration (FAA) enforced brief ground stops at key Florida airports to monitor fallen space debris. Their investigation is ongoing, requiring SpaceX to pinpoint the issues before another launch can be approved.

Response And Next Steps

A SpaceX spokesperson confirmed that communication was lost following an “energetic event,” causing a failure in multiple engines. The incident emphasizes the challenges of perfecting space technology but does not deter ongoing innovation efforts.

For more insights on technological milestones, explore NASA’s breakthrough in GPS technology on the Moon.

Eurobank Wins Two Euromoney Awards Following Cyprus Merger

Eurobank has been named Cyprus’ Best Bank for 2026 by Euromoney, while also receiving the award for Best Bank for Large Corporates at the publication’s latest Awards for Excellence.

Merger Marks A Milestone

The awards recognise the bank’s performance during 2025, a year marked by the completion of the legal merger between Hellenic Bank and Eurobank Cyprus. The transaction created Eurobank Limited, which the group says is now Cyprus’ largest banking and insurance organisation, with assets exceeding €28 billion.

Euromoney’s Awards for Excellence evaluate banks’ performance over the previous calendar year, with this edition covering January 1 to December 31, 2025.

Lending, Customers And Digital Growth

Eurobank said its business lending portfolio expanded by around 17 per cent during 2025, while its customer base grew to more than 710,000 retail clients and 11,500 business customers.

The bank also continued its digital expansion, saying more than 96 per cent of transactions are now completed through digital channels, and most financing applications are submitted via its mobile app.

Expanding International Presence

Eurobank also highlighted the opening of its first representative office in India, describing the move as a step toward strengthening business links between Cyprus and India while supporting Cyprus’ role as a gateway to the European Union for Indian businesses and investors.

According to the bank, Euromoney recognised not only the successful completion of the merger but also its lending growth, digital transformation and contribution to Cyprus’ position as an international business and investment hub.

CEO On The Awards

“The Euromoney awards confirm Eurobank’s strong momentum and the successful implementation of our group’s strategy in Cyprus,” Chief Executive Michalis Louis said.

He said the merger strengthened the bank’s ability to support households, businesses and the wider economy, while highlighting continued investment in digital services and the opening of the representative office in India as key milestones during the year.

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