List of All Articles with Tag 'europe'

Billionaire Elon Musk reportedly restricted his Starlink internet access multiple times in Ukraine, which has affected Kyiv’s battlefield strategy. The world’s richest man denied the Ukrainian military’s request to turn on Starlink near Crimea, the Russian-controlled territory, during the ongoing war with Russia, the New York Times reported, citing people familiar with the situation. The Tesla CEO has been providing Starlink service to Ukraine since late February 2022, just days after Russian president Vladimir Putin launched his unprovoked invasion and a cyberattack took down the country’s internet. SpaceX’s Starlink makes up the majority of satellites orbiting Earth with more than 4,000 of them in the low-Earth orbit. Mr Musk’s unilateral hold over his satellite internet technology, which has been an essential part of Ukraine's communications since the war, has raised concerns among officials, according to the report. In February this year, SpaceX announced it had taken steps to prevent Ukraine's military from using the Starlink satellite internet service for controlling drones in the region. Following the announcement, Ukrainian presidential advisor Mykhailo Podolyak said SpaceX needed to pick a side in the war against Russia. Ukrainian authorities worried about over-dependence on a single source technology held talks with other satellite internet providers. But they acknowledged none rival Starlink’s reach. “Starlink is indeed the blood of our entire communication infrastructure now,” Mykhailo Fedorov, Ukraine’s digital minister, told NYT. The technology, he said, enabled artillery teams, commanders and pilots to watch drone footage simultaneously while chatting online. According to soldiers, the response times from finding a target to hitting it have been cut to about a minute from nearly 20 minutes. “The huge number of lives that Starlink has helped save can be measured in the thousands,” Mr Fedorov added. “This is one of the fundamental components of our success." Mr Musk also asked the US last year to fund for their internet services to Ukraine because they could not continue the arrangement. The company estimated the cost at nearly $400m over 12 months, according to a SpaceX letter reported by CNN. About 1,300 Starlink terminals purchased through a British supplier stopped working last year after the Ukrainian government could not pay the $2,500 monthly fee for each, according to the report. Meanwhile, defence secretary Lloyd Austin in June approved a Pentagon deal to buy 400 to 500 new Starlink terminals and services, that would provide the Pentagon control of the setting where the internet signal worked inside Ukraine for new devices to carry out “key capabilities and certain missions”. The Independent has reached out to Space X for a comment. Read More Elon Musk’s Starlink satellites are leaking radiation that harms deep space astronomy, study warns 'X' logo installed atop Twitter building, spurring San Francisco to investigate permit violation Ukraine war – live: Putin’s aide says Russia ‘would be forced’ to go nuclear if Kyiv’s pushback is successful

When Sergii Naumov took over as chief executive at one of Ukraine’s biggest state banks before Russia’s invasion,

European natural gas prices rose for a second session as supply risks and uncertainty about the upcoming winter

European stocks slipped on Tuesday as weak factory activity data from Asia and some disappointing earnings stalled a

Aston Martin Lagonda Global Holdings Plc raised £216 million ($277 million) by selling new shares as the British

BP Plc raised its dividend by 10% and said it would buy back another $1.5 billion of shares,

A skyscraper in Moscow was the target of a drone attack for the second time in two days, as Volodymyr Zelensky warned Vladimir Putin the "war is returning" to Russia. Russia’s defence ministry claimed its anti-aircraft units downed drones headed for Moscow, but one of them ended up hitting the same high-rise building that was struck last Sunday. Mayor Sergei Sobyanin said that while the attack damaged the facade of the skyscraper’s 21st floor, it didn’t cause any injuries. Ukraine almost never publicly claims responsibility for attacks inside Russia or on Russian-controlled territory in Ukraine, but has increasingly highlighted how destroying Russia’s military infrastructure helps Kyiv’s counteroffensive. This comes as a 10-year-old girl and her mother were among at least six people killed after two Russian ballistic missiles struck an apartment complex and a university building in Zelensky’s hometown yesterday. At least 75 people were injured in the attack on Kyryvi Rih, as Zelensky called it an act of Russian “terror”. The head of Zelensky’s office, Andriy Yermak said the “Russian army is barraging Kherson” and targetting residential areas, adding that four people had been killed and 17 injured in the city. Read More Drones, military confusion and cracks in Putin’s authority: Ukraine’s push to sow discord in Russia’s ranks UK sanctions Moscow judges after British-Russian dissident Vladimir Kara-Murza’s appeal rejected The $3.9 billion UN humanitarian appeal for Ukraine is only 30% funded, UN aid official says Ukraine says Russian missiles hit another apartment building and likely trapped people under rubble

Central banks’ gold demand fell for a third straight quarter as massive sales by Turkey outshone buying elsewhere.

Covestro AG said full-year profit is expected to come in at the lower half of its guidance range

Rio Tinto Group, the world’s biggest iron ore miner, is looking at a number of possible lithium acquisitions

HSBC Holdings Plc announced a new buyback program as higher interest rates stoke the bank’s profits. The London-based

Mitsubishi UFJ Financial Group Inc.’s brokerage venture said it handled sales of Credit Suisse’s riskiest debt properly for