Reddit said on Wednesday that it had priced its shares at $34 each, a figure near the top end of the marketed range. By the end of Thursday’s trading session, the stock had climbed to $50.44, thereby valuing the firm at over $9 billion (£7.1 billion).

Canada is planning to impose limits on the number of temporary residents it lets into the country for the first time. Immigration Minister Marc Miller announced on Thursday plans to gradually decrease the number of temporary residents admitted over the next three years, starting with an initial cap set for September. These limits will affect international students, foreign workers, and asylum seekers.

After eight years since formally applying to join the European Union, Bosnia and Herzegovina, a Balkan nation, is set to commence negotiations for EU membership. Last week, the European Commission, the executive body of the EU, recommended initiating talks, a proposal that has now received approval from EU leaders.

According to Ukraine’s air force, 31 missiles launched by Russia were intercepted over Kyiv overnight. The attack resulted in at least 17 injuries, including one child, with four individuals currently hospitalised due to falling debris, as reported by authorities.

The United States has filed a groundbreaking lawsuit against Apple, accusing the tech giant of monopolising the smartphone market and stifling competition. The lawsuit, filed by the Justice Department, says that Apple exploited its dominance over the iPhone app store to lock in both customers and developers.

A court in Brazil has ruled that former Manchester City and Real Madrid forward Robinho must serve a nine-year prison sentence for rape in his home country.