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Merz busca recuperar el atractivo inversor de Alemania con una cumbre al estilo de Macron

20 October 2026 at 19:37

Alemania lleva años viendo cómo merman las inversiones privadas en el país, algo que no puede compensar de manera sostenible con un aumento de las inversiones públicas como está haciendo actualmente el Gobierno alemán. La inestabilidad económica y política de los últimos tiempos parece haber pasado factura a la imagen del país como centro económico y de inversión. Ahora, el canciller alemán, Friedrich Merz, quiere ponerle remedio y ha organizado, por primera vez, una cumbre de inversores de alto nivel con el objetivo de atraer más capital al país. Alemania necesita la inversión privada si quiere modernizarse, crear empleo y generar prosperidad.

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© CLEMENS BILAN (EFE)

El canciller alemán, Friedrich Merz, durante el 'Invest in Germany Summit' en Berlín, este martes.

Elon Musk says money will be 'irrelevant' if his vision of a multiplanetary future comes true

20 October 2026 at 17:03
Elon Musk is pictured.
Elon Musk says his descendants might have a "tiny fraction" of his wealth.

Jae C. Hong/AP

  • Elon Musk says "money becomes irrelevant" if he's right about what the future holds.
  • The Tesla and SpaceX CEO said AI and robots will be better than humans at everything.
  • The world's richest man said his fortune could be virtually gone within a few generations.

Elon Musk says money could be meaningless one day, and the vast majority of his wealth will likely be gone within a few generations.

The world's richest person predicted that advances in robotics and space travel will create a multiplanetary economy, at which point "money becomes irrelevant" and "conventional currency will not matter."

Value will be measured in mass and power or energy, he continued. "So that's my guess," he said, adding that it seemed a "pretty obvious" outcome to him.

The Tesla and SpaceX CEO shared his vision of a post-money future and his outlook on his personal fortune with his biographer, Walter Isaacson, on "The Builders" podcast. The interview was taped in early August and released on Tuesday.

Musk recommended earlier this year that people stop saving for retirement in 10 or 20 years, as he expects AI and other technologies to supercharge productivity and usher in an age of abundance where people can have "whatever stuff they want."

He made a similar argument to Isaacson, saying "there won't be anything that humans can do that the AI and the robots can't do better." People will likely turn to hobbies like growing their own fruits and vegetables, or making art, to find purpose in life, he said.

Musk's plans for his own money

Musk, who briefly became a trillionaire after SpaceX went public in June, topped the Bloomberg Billionaire Index at Monday's close with an estimated $920 billion net worth.

He defended his personal wealth on the podcast, saying that it mostly reflects his ownership of SpaceX and Tesla, and he needs large stakes in both companies to retain voting power and remain in charge.

His fortune is "going to be taxed quite heavily," Musk said, adding that there isn't "some magical way to avoid taxes" because "if there were, I would know about it."

Musk said his wealth will "get whittled down and a few generations from now — if money still matters, which I don't think it will — my descendants would have a tiny fraction of what I have."

He also outlined what he hopes his foundation will spend his fortune on after he's gone: "Continue the goals. Make life multi-planetary, extend consciousness to the stars, improve sustainable energy on Earth."

Notably, Musk pledged on Monday to gift a share of SpaceX to every child in the US next year, a contribution worth over $10 billion today.

His announcement has won praise from President Donald Trump, who hailed Musk's "incredible generosity" and labeled him a "legendary friend" in an X post.

Musk teased a charitable pledge in late July after Nobel economist Daron Acemoglu publicly challenged him over his prediction of a post-money future.

"If money won't matter in 2036, why don't you pledge to donate your current wealth of approximately $1 trillion to charity no later than 2036," Acemoglu wrote on X.

"I am actually going to do something along these lines!" Musk responded.

Read the original article on Business Insider

Ban ‘intrusive’ cameras on mental health wards in England, say bereaved families

20 October 2026 at 16:32

Lawyers tell inquiry ‘patients’ lives are at stake’ through improper use of Oxevision system for most vulnerable

Families bereaved by the misuse of an “intrusive” camera monitoring system for vulnerable patients used in half of England’s mental health wards, have called for it to be banned to help prevent more avoidable deaths.

Lawyers for the families said “patients’ lives are at stake” by the continuing use of Oxevision, the Lampard inquiry into mental health deaths in Essex heard on Tuesday.

The inquiry was told that five patients killed themselves, or died unexpectedly, in two years while being surveilled by Oxevision’s infrared cameras at Essex Partnership University NHS foundation trust (Eput).

Peter Mant KC, representing more than 70 bereaved families, including the family of Elise Sebastian, 16, who killed herself in 2021 when staff had muted Oxevision’s alarm system, said: “Use of this technology has contributed in material ways to harms, and in some cases deaths of patients, due to the misapplication of the system.”

Addressing Kate Lampard, the chair of the inquiry, Brenda Campbell KC, representing other bereaved families including that of Sophie Alderman who the inquiry heard mistakenly believed in 2022 that Oxevision would bring staff to save her, said: “We urge you to recommend that the use of Oxevision on mental health inpatient wards is stopped nationally.”

She added: “Its harms have fallen hardest on detained, traumatised and neurodivergent patients, and no regulator took responsibility for it.”

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© Photograph: Supplied

© Photograph: Supplied

© Photograph: Supplied

The dangers of letting tech billionaires shape our world

20 October 2026 at 15:31

As SpaceX impacts Ukraine and AI-generated music divides artists and fans, critics are asking what happens when technology has too much control over our lives

Hello, and welcome to TechScape. I’m Blake Montgomery, US tech editor at the Guardian, writing to you while sitting in front of Roy Lichtenstein’s monumental Drowning Girl, on view in New York City. Today in tech, we’re discussing the perils of Elon Musk’s one-man global infrastructure, AI-generated music and a Guardian AI conference in Paris.

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© Photograph: Gonzalo Fuentes/Reuters

© Photograph: Gonzalo Fuentes/Reuters

© Photograph: Gonzalo Fuentes/Reuters

Rubio thinks Starlink is fixed. Kyiv says it still cuts out above 161 km/h

20 October 2026 at 15:27

rubio

Ukrainian President Volodymyr Zelenskyy said on 20 October that he had spoken with US Secretary of State Marco Rubio about ballistic missile interceptors, early warning of Russian launches, and “the situation with Starlink/Starshield, which needs to be restored,” he wrote on X. He thanked Rubio for “his readiness to help and his clear position” and said they would speak again soon. A day earlier, he had told US senators how each of those supplies had stalled.

This comes as the US presses Kyiv to stop its strikes on Russian oil refineries, which Trump has blamed for high fuel prices at home, and Zelenskyy counts the Starlink slowdown among the steps he says look like an effort to push Ukraine to capitulate. Ukraine’s interceptor drones depend on the service to hunt Russia’s jet-powered Shaheds, and Kyiv says they now lose the link at speeds too low to catch them. The call appears not to have settled whether that cap is gone. If it stays, Ukrainian cities could face Russia’s drone waves this winter with one fewer means to stop them, as Russia keeps striking the grid.

On 17 October, Rubio told reporters that nobody in the US ordered Starlink slowed, that the slowdown “wasn’t deliberate,” and that “my understanding is it’s been restored.” He drew a line between the two services. Ukraine’s drones, he said, ran on commercial Starlink, while Starshield, the military version, is not available to Ukraine. Kyiv has asked for it to carry out strikes deep inside Russia, and that request is under discussion, he said.

The next day, Zelenskyy told Bloomberg that Starlink in Ukraine cuts out above 161 km/h, and Kyiv says its Starshield terminals are capped as well. His post after the call still says the service needs to be restored.

Reuters’ sources point to the White House. Washington denies it

The order to slow Starshield came from inside the White House, Reuters reported, citing two US officials and a Western official. They described it as the Starshield service for the Ukrainian military, the version Rubio says Ukraine does not have. A senior Ukrainian official told Reuters that Kyiv had been told it was a White House decision. A senior US official told the agency the president never made such a request, and the White House did not answer whether other officials had. Rubio called a report that the White House ordered Starlink slowed “categorically false.”

Missile warnings and Patriots are also in dispute

Overnight on 18–19 October, Ukraine got no partner warning before the first of two Russian ballistic waves, Air Force spokesman Yurii Ihnat said on the national telethon. That came hours after Zelenskyy said US warnings had resumed. On 19 October, Rubio pushed back against suggestions of a pause in US intelligence sharing, AFP reported.

Zelenskyy also told Bloomberg the US sends only 12 Patriot interceptors a month and has authorized only part of those “we have paid for” under PURL. Ukrainian officials told the Kyiv Independent that Defense Secretary Pete Hegseth has not signed the contracts. A US government official called those claims “not true.”

SpaceX earnings put Elon Musk's Starlink cash cow to the test

20 October 2026 at 11:31
Elon Musk is seen speaking during a state dinner at the White House
SpaceX CEO Elon Musk

Bloomberg/Getty Images

The SpaceX business helping to fund Elon Musk's biggest bets is taking a swing of its own just in time for earnings.

SpaceX reports earnings after the bell today, and Musk's goal of turning Starlink into a major mobile carrier is expected to be a focus.

Taking on Verizon, AT&T, and T-Mobile is a huge endeavor. And it requires significant investment from a company that already has a long list of expensive bets.

As a bit of a refresher, SpaceX is made up of three key parts: connectivity (Starlink), space (reusable rockets like Starship), and AI (Grok, X, and data centers). Among the three, connectivity is the only one generating an operating profit.

That makes it incredibly valuable not only as a stand-alone business but as a way to offset the expensive investments made by SpaceX's space and AI segments.

Turning Starlink into a mobile carrier complicates that arrangement. To offer service in more densely populated areas, SpaceX will need to launch more satellites into space and establish a ground footprint.

How much SpaceX plans to set aside for that buildout and the impact it'll have on the bottom line are key questions analysts will have.

Musk is no stranger to talking a big game. He recently said SpaceX could one day be worth more than Earth's economy.

He's backed it up by accomplishing things others thought were impossible, like self-landing rockets. Just don't expect him to hit his self-imposed deadlines. (Case in point: Tesla Roadster, which has faced numerous delays and is now targeting production in 2028.)

There's less at stake when you're starting from scratch. But with Starlink, it's also about Musk avoiding turning his cash cow into another capital drain.

According to another Musk proclamation, a lot of us will have a vested interest in SpaceX's success.

Early Monday morning, Musk said he'll give one of his SpaceX shares to every kid in America next year.

"This will be the first of many," he added.

Details on how that would work weren't clear, but many people immediately thought of the recently launched Trump Accounts.

President Donald Trump predicted Musk would donate SpaceX stock to the accounts. And SpaceX president Gwynne Shotwell already said she'd gift a share of her company stock to Trump Accounts.

If that's how the shares are distributed, it's an example of the complexities the Trump Accounts can pose for some parents. Certain jobs, like those in financial services, have restrictions around the types of investments you can hold due to compliance reasons.

Read the original article on Business Insider

Twelve Migrants Die Off Greek Islands as EU Border Crossings Fall by a Third

20 October 2026 at 10:39

Twelve migrants, including an infant, have died in two separate incidents involving boats travelling from Turkey towards the Greek islands of Lesbos and Samos, prompting investigations into the circumstances of the deaths and the activities of suspected people smugglers.

The incidents occurred on Monday, 19 October, in the northeastern Aegean Sea. Six people died when a speedboat collided with a Greek coastguard vessel near Lesbos, while another six were killed after a separate boat overturned north of Samos.

The deaths coincided with the publication of new figures from the European Border and Coast Guard Agency, Frontex, showing that irregular crossings into the EU fell by almost one-third during the first nine months of 2026.

According to the latest border monitoring figures, approximately 91,000 irregular crossings were detected between January and September, although the eastern Mediterranean remained the busiest migration route into the Union.

Two incidents under investigation

According to information released by the Greek authorities, the first fatal incident occurred near Agrilia on Lesbos when a speedboat carrying migrants struck a coastguard patrol vessel before overturning.

Six people died, while eight survivors were taken to hospital. The authorities subsequently arrested a 37-year-old Turkish national, identifying him as the suspected operator of the migrant boat.

Greece’s Maritime Affairs Minister Vassilis Kikilias said the available evidence indicated that the speedboat had struck the left side of the coastguard vessel. The precise circumstances remain under investigation.

In the second incident, approximately four nautical miles north of Samos, a boat reportedly overturned after making a sudden manoeuvre while being pursued by the coastguard.

Five men and one woman died, while 14 people were rescued. An Iranian national was arrested on suspicion of involvement in migrant smuggling.

The arrests do not establish criminal responsibility, and the circumstances surrounding both incidents remain subject to investigation.

Greek authorities have attributed the dangers of the crossings to trafficking networks operating between Turkey and the Aegean islands. The government has reiterated its policy of pursuing smugglers and restricting unauthorised maritime arrivals.

Fewer crossings, continued fatalities

Frontex recorded approximately 31,800 detections along the eastern Mediterranean route during the first nine months of this year, representing a decline of around 15 per cent compared with the equivalent period in 2025.

Across the European Union’s external borders, the agency reported an even larger reduction, with overall detections down by almost one-third.

The Central Mediterranean route experienced a particularly substantial fall, while the Western Mediterranean recorded an increase, reflecting changes in departure points and migration patterns.

These figures count detected border crossings rather than individual migrants and do not necessarily capture every unauthorised arrival.

The latest data also have to be considered alongside exceptional developments elsewhere on Europe’s borders. In July, large-scale movements through Spain’s Ceuta enclave created additional pressures on Spanish authorities and raised questions about the application of the EU’s new asylum arrangements.

The eastern Mediterranean figures encompass several routes, including crossings from Libya towards Crete, movements through the Aegean islands and arrivals across the land border with Turkey.

Consequently, the total recorded for the wider region should not be interpreted solely as the number of people arriving on the Greek islands.

Greece remains central to European border policy

Greece has occupied a central position in EU migration policy since the 2015–2016 crisis, when hundreds of thousands of people arrived from Turkey, many travelling onwards through the Balkans.

The subsequent EU–Turkey migration arrangements were intended to reduce unauthorised crossings and establish procedures for returning certain migrants who did not qualify for protection.

Athens has also faced persistent criticism from human rights organisations concerning allegations of unlawful returns at sea and land borders. Greek authorities deny operating an unlawful pushback policy and maintain that their border operations respect domestic and international law.

The EU’s Pact on Migration and Asylum, which entered into application in 2026, has introduced common procedures for screening arrivals, processing asylum claims and managing people who do not have permission to remain.

Its implementation has placed greater emphasis on border identification, biometric registration and cooperation between national authorities and Frontex.

However, the two disasters demonstrate the continued risks associated with maritime crossings, even during a period of declining arrivals.

Investigators must now establish precisely how both boats overturned, whether criminal offences were committed and what occurred during the encounters with coastguard vessels.

The findings will be relevant not only to the prosecutions of those arrested, but also to continuing scrutiny of maritime enforcement along one of the European Union’s principal external borders.

Why Starshield’s slowdown really hurts Ukraine

20 October 2026 at 10:37

Reports that SpaceX temporarily restricted its satellite internet service for Ukraine’s armed forces have generated serious concern in Kyiv and among the country’s allies. SpaceX operates the civilian Starlink system and its lesser-known military-grade counterpart, called Starshield. But many news stories leave an important question unanswered: what does a Starshield “slowdown” mean on the battlefield? […]

The post Why Starshield’s slowdown really hurts Ukraine appeared first on Asia Times.

Two Germans charged in absentia over Bulgaria’s Starlink fire, one of three recent attacks on satellite links Ukraine relies on against Russia

20 October 2026 at 09:02

two germans charged absentia over bulgaria’s starlink fire latest attack satellite links ukraine relies against russia · post sofia city court reviews prosecution’s request european arrest warrants german nationals wanted

A Sofia court has cleared European arrest warrants for two 19-year-old Germans charged with setting fire to Starlink antennas south of the Bulgarian capital, a court spokeswoman told dpa. Prosecutors named the pair in court, but both had already left Bulgaria. The case adds Bulgaria to a run of attacks on Starlink sites in Europe, which Poland and Lithuania have linked to Russia.

While Russia presses its assault along the front and strikes Ukraine’s cities, Starlink keeps Ukraine’s drone units and front-line troops connected, and Poland pays about $50 million a year for its terminals. The network’s ground links in Europe are now a target in their own right, and ISW has linked the Polish fire to a wider Russian pattern of sabotage. Each attack on a ground station hits a network whose speed caps already disrupted Ukraine’s drone missions this month.

Two names, a few hours in Bulgaria

Prosecutors identified the suspects as Zeka Islam and Tirpan Beytullah, Bulgaria’s state news agency BTA reported, noting the names may be misspelled. Their whereabouts are unknown, according to German authorities cited by the agency. They were charged in absentia on 14 October and face three to 12 years in prison if convicted.

According to the indictment, the two crossed from Serbia at the Kalotina checkpoint at 17:37 on 9 October and told border officers they were tourists. At about 22:25, wearing gloves and masks, they allegedly set fire to antennas at the Plana teleport, a satellite ground station near the village of Plana. They drove back into Serbia through the same checkpoint at 23:55.

Three antennas burned completely, two were partly damaged, and three more were affected, prosecutors say. The pair traveled in a Volkswagen with German plates, and a national warrant followed two days after the charges, ZDF reported.

kyiv asking musk let strike inside russia its best line gone · post elon 2026 world economic forum / ciaran mccrickard wef ukraine news ukrainian reports
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Musk pushed Trump to slow Starlink in Ukraine, weakening air defenses as Russian drones attacked cities – The Telegraph

The court-appointed lawyers argued that investigators had pinned down the vehicle, not the men in it. The court rejected those objections, finding reasonable grounds to suspect the pair. The lawyers said they would appeal. The ruling can be challenged within three days.

A Starlink antenna
A Starlink antenna. Illustrative photo: Christoph Soeder/dpa

An opposition MP made the fire public three days later

The fire became public only on 12 October, when opposition MP Ivaylo Mirchev of Democratic Bulgaria posted about it on Facebook. He said 11 antennas had been set on fire, more than prosecutors later counted.

In parliament two days later, Prime Minister Rumen Radev asked the head of the State Agency for National Security (DANS) not to reveal details, saying disclosure could harm the investigation. DANS head Plamen Tonchev told lawmakers he believes the fire was sabotage and that more such attacks cannot be ruled out, dpa reported.

The White House, seen from Lafayette Square. File photo, June 2024.
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White House ordered limits on Ukraine’s military satellite service — Reuters. Who made the decision remains unclear

After the ruling, Mirchev wrote that Radev personally owes the public an explanation of what has been achieved, BTA reported.

Bulgaria’s case joins attacks Poland and Lithuania tie to Russia

Bulgaria has not said who might be behind the fire. Authorities in Poland and Lithuania have linked similar recent arsons on Starlink equipment to Russia.

In September, fire hit a Starlink ground station south of Warsaw, and Germany later detained two suspects. On 18 October, Lithuania’s prime minister said intruders had tried to burn a company’s Starlink antennas used by Ukraine, calling it part of Russia’s hybrid war. Moscow claims such accusations are baseless, Reuters reported.

Today Currency Exchange Rates in Pakistan, Dollar, Euro, Riyal, Dirham – 20 October 2026

20 October 2026 at 05:00

KARACHI – Foreign currency exchange rates in Pakistan show slight changes; the US Dollar remains at Rs277.40 for buying and Rs280.3 for selling, while Euro and UK pound sterling are trading at higher levels, according to the provided exchange rate data.

UK pound sterling is quoted at Rs369.45 for buying and Rs373.46 for selling. Meanwhile, Euro stands at Rs311.08 for buying and Rs315.59 for selling.

Among Gulf currencies, the UAE dirham is listed at Rs75.6 for buying and Rs76.35 for selling, while the Saudi riyal is quoted at Rs73.85 and Rs74.50, respectively.

The post Today Currency Exchange Rates in Pakistan, Dollar, Euro, Riyal, Dirham – 20 October 2026 appeared first on Daily Pakistan English News.

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