World Biz
Musk urges US funds for satellite network in Ukraine

The Defense Department has gotten a request from SpaceX and Tesla CEO Elon Musk to take over funding for his satellite network that has provided crucial battlefield communications for Ukrainian military forces since almost the beginning of its war with Russia, US authorities said Friday, 14 October.
The authorities, who spoke on condition of anonymity to discuss a sensitive matter not yet made public, reported the issue has been discussed in meetings and senior leaders are investigating the matter. There have been no decisions.
In a disclosure later Friday, Pentagon spokeswoman Sabrina Singh said, “We can confirm the Department received correspondence from SpaceX about the funding of Starlink, their satellite communications product in Ukraine. We remain in communication with SpaceX about this and other topics.”
During a Pentagon briefing, she declined to provide any details about the communication or say to whom the correspondence was sent and when the communications with Musk began.
Musk started delivering Starlink satellite dishes to Ukraine just days after Russia invaded in February. On February 28, Ukrainian Vice Prime Minister Mykhailo Fedorov tweeted a photo of the first Starlink kits arriving on the back of a truck.
Musk’s generosity was hailed by Ukrainians and seen as a game changer in war tactics — the Russians could try to cut Ukrainian ground communications but they could not control space.
The Starlink system of more than 2,200 low-orbiting satellites has provided broadband internet to more than 150,000 Ukrainian ground stations. Prior Friday, Musk tweeted that it was costing SpaceX $20 million a month to support Ukraine’s communications needs.
In addition to the terminals, he tweeted that the company has to create, launch, maintain and replenish satellites and ground stations.
The Starlink satellite internet’s vital role in Ukraine’s defense cannot be overstated. It has, for example, assisted front-line reconnaissance drone operators in targeting artillery strikes on key Russian assets. A senior military authority on Friday made it clear that the US believes the system has proven exceptionally effective on the battlefield. The official spoke on condition of anonymity to provide US assessment of the Ukrainian battlefield.
In a tweet on Friday, Ukrainian presidential adviser Mikhail Podolyak said Ukraine will find a solution to keep Starlink working.
“Let’s be honest. Like it or not, @elonmusk helped us survive the most critical moments of war. The business has the right to its own strategies,” he tweeted. “We expect that the company will provide stable connection till the end of negotiations.”
In response to multiple questions during the briefing, Singh said the Pentagon was working with the Ukrainian Defense Ministry. “We know that there is this demand, and (satellite communications) capability … is needed and we want to be able to ensure that there are stable communications for the Ukrainian forces and for Ukraine.”
The request from the world’s richest man to have the Pentagon take over the hundreds of millions of dollars he says the system is costing comes on the heels of a Twitter war between Musk and Ukrainian President Volodymyr Zelensky. And in tweets overnight Musk referred to the friction, suggesting it may affect his decision to end his company’s largesse in funding the systems.
In a Twitter exchange last week, Musk argued that to reach peace Russia should be allowed to keep the Crimean Peninsula, which it seized in 2014. He also said Ukraine should adopt a neutral status, dropping a bid to join NATO.
Musk also started a Twitter poll asking whether “the will of the people” should decide if seized regions remain part of Ukraine or become part of Russia.
In a sarcastic response, Zelensky shared a Twitter poll of his own asking “which Elon Musk do you like more?”: “One who supports Ukraine” or “One who supports Russia.” Musk replied to Zelensky that “I still very much support Ukraine, but am convinced that massive escalation of the war will cause great harm to Ukraine and possibly the world.”
Andrij Melnyk, the outgoing Ukrainian ambassador to Germany, responded to Musk’s original tweet with an obscenity.
It’s not clear how much of the cost of deploying Starlink satellite uplinks in Ukraine has been covered by US funding. In April, the US Agency for International Development said it had delivered 5,000 of the terminals. The Pentagon had no response to that question.
Musk’s commitment to spend $44 billion to purchase Twitter “has to factor into his decision that he can no longer afford to do this for free,” said retired Army Maj. Gen. John Ferrari, a non-resident senior fellow at the American Enterprise Institute.
Musk’s request that the Pentagon begin to pick up the tab comes as the Space Force and Pentagon have been looking at how commercial vendors will play a role in national security. Musk’s threat to withdraw highlights the risk of leaning too much on commercial capabilities, Ferrari said.
“Commercial vendors always get to change their mind, ” Ferrari said, adding that the reliance on Starlink to provide communications for Ukraine also serves as a reminder that the Pentagon has to expand this service beyond SpaceX, he said.
“The government needs many vendors for key capabilities, of course, that often means more money, but it is an insurance policy and insurance costs money,” Ferrari said.
In March, commander of US Space Command Army Gen. James Dickinson said that having vendors provide needed capabilities, such as Maxar’s satellite imagery of stalled Russian convoys, has become essential because it frees up limited military satellite assets to focus on other things.
In his tweets, Musk also raised a question that various vendors and the Pentagon are considering as space becomes a more critical part of wartime operations: If a commercial vendor is assisting the U.S. and is targeted, does the U.S. owe it protection?
“We’ve also had to defend against cyberattacks & jamming, which are getting harder,” Musk tweeted.
Economy
At least 20 Umrah Pilgrims died in Saudi Arabia Bus Crash

At least 20 Umrah pilgrims were killed and 29 injured in a horrific bus crash southwest of Saudi Arabia, according to Gulf News reports.
The passenger bus crashed into a bridge on Monday, overturned, and caught fire, killing 20 and injuring 29.
According to Saudi media, the accident occurred around 4pm on the 14 km-long Aqabat Shaar road in the Asir province, as the bus was traveling from Khamis Mushayt to Abha.
The road, according to Saudi Press Agency, cuts through mountains, and has 11 tunnels and 32 bridges. When the bus was making its way down a bridge it underwent a brake failure, which caused it to crash into a barrier at the end of the bridge, overturn and catch fire. About 29 other people were also injured in the accident, according to reports.
The Saudi civil defense and Red Crescent Authority teams rushed to the site of the accident and cordoned off the area.
The deceased and the injured have reportedly been transferred to nearby hospitals.
Economy
UN says: Extraordinary economic dev among BD’s many achievements

Greeting Bangladesh, the United Nations on Sunday (26th March) said Bangladesh has many accomplishments — extraordinary economic development, a significant cultural legacy, leadership on a global stage for climate-vulnerable countries, and immense generosity in welcoming and hosting nearly a million Rohingya refugees.
“The hospitality of Bangladesh’s diverse people is just one of the many facets of a country that my colleagues and I have been fortunate to experience every day,” UN Resident Coordinator in Bangladesh Gwyn Lewis said in a press statement on the occasion of the country’s Independence Day.
“On behalf of the United Nations, I warmly congratulate the people of Bangladesh on the 52nd anniversary of independence,” she said.
Over the last 52 years, Bangladesh has made impressive and remarkable achievements: evolving from a war-torn country to one of the leading economic powers in South Asia, standing at the threshold of upcoming graduation from least developed countries (LDCs) in 2026, and planned achievement of the sustainable development goals (SDG) by 2030, she said.
The UN fully supports Bangladesh’s commitments to economic and sustainable development and appreciates the strong and long-lasting relationship with Bangladesh and our shared values.
The constitution of the country, which was adopted even before Bangladesh had formally become a member of the United Nations in 1974, guarantees fundamental human rights. The right to freedom of speech, religion, movement and assembly, the right to speak one’s own language and other rights that are in line with the UN charter, said the UNRC.
“Wishing you all a Happy Independence Day!” — she concluded.
Stocks
South Asian Bourse Shrinks

South Asian Bourse or Stock Markets dropped last week. Among them, the biggest fall was in the stock markets of India and Pakistan.
A review of South Asian markets shows that India’s Bombay Stock Exchange (BSE) index BSE Sensex has dropped 462 points during the week. At the end of the week, the index stood at 57,527 points. On the other hand, the Nifty-50 index of the country’s National Stock Exchange dropped by 467 points last week. At the end of the week, the index stood at 16,945 points.
Pakistan Stock Exchange Index ‘KSE 100’ lost 1,387 points last week. After a week of losing, the index settled at 39,942 points.
On the hand The Sri Lankan stock market hiked, the Colombo Stock Exchange index ‘ASPI’ lost 251 points in a week. After a week the index settled at 9,419 points.
Bhutan’s stock market index ‘BSI’ hiked by 23 point and the index stood at 1,127 points throughout the whole week. Nepal’s ‘NEPSE’ lost 18 points last week, as the index stands at 1,915 points.