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Is Ukraine too reliant on one man: Elon Musk?

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Elon Musk, the billionaire entrepreneur known for his ventures in space exploration and electric vehicles, has found himself entangled in geopolitical conflicts, shedding light on the complex ethical dilemmas arising from his influence.

 
However, Musk’s involvement took a more consequential turn during Russia’s invasion of Ukraine last year, with ethically murky consequences, Hugo Rifkind recently wrote in the Australian.

When Ukraine’s internet infrastructure was compromised by early attacks, the country’s deputy prime minister, Mykhailo Fedorov, reached out for help on Twitter. Musk, who is an active user of the platform, quickly responded by offering access to Starlink, his satellite-based internet service.

This assistance proved crucial for Ukraine, enabling its military to operate drones effectively in the conflict against invading Russian forces.

Yet, Musk’s engagement in the Ukraine conflict had its limits. When Ukraine sought to use Starlink to target Russian boats in the Crimean port of Sevastopol, Musk refused, resulting in submarine drones losing connectivity and washing ashore harmlessly.

Musk defended his decision, stating that complying with Ukraine’s request would have made SpaceX explicitly complicit in a major act of war.

This ethical dilemma reflects the challenges faced by all parties supporting Ukraine, balancing assistance with the potential repercussions from Russia. However, Musk’s unique position as an influential billionaire adds complexity to the situation.

Should one person have this much influence?

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Fed rate cut fallout shakes global markets

US Federal Reserve’s rate cut unsettles investors, igniting debate on easing cycle versus one-off move.

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US Federal Reserve’s rate cut unsettles investors, igniting debate on easing cycle versus one-off move.


The US Federal Reserve’s latest quarter-point rate cut has unsettled investors worldwide, sparking debate over whether it signals the start of an easing cycle or a one-off move.

#FederalReserve #Markets #InterestRates #Australia #TickerNews


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Aussie jobs market shows signs of strain

Australia’s job market shows decline with 5,400 cuts in August; unemployment steady at 4.2% despite easing migration.

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Australia’s job market shows decline with 5,400 cuts in August; unemployment steady at 4.2% despite easing migration.


Australia’s labour market is losing momentum, with 5,400 jobs cut in August and participation falling, even as unemployment held steady at 4.2%.

Employment growth has slowed sharply, migration is easing, and the Aussie dollar has dropped after touching an 11-month high.

#Australia #Jobs #FederalReserve #InterestRates #Markets #TickerNews


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Trump threatens TV networks over licences

Trump escalates feud with networks post-Kimmel suspension, threatening license revocations amid claims of bias against him.

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Trump escalates feud with networks post-Kimmel suspension, threatening license revocations amid claims of bias against him.


President Donald Trump has escalated his feud with television networks after ABC suspended Jimmy Kimmel’s late-night show.

Trump suggested broadcasters that he claims are “against him” could face licence revocations.

He argued that networks were “97 percent against me” during the 2024 election and praised FCC Chairman Brendan Carr as “outstanding.”

#Trump #Media #FCC #JimmyKimmel #TickerNews


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