The UK government should consider imposing sanctions on Elon Musk, with an MP saying the billionaire appears to be playing a “double game” over Ukraine.
Chris Bryant, the Labour MP for Rhondda, referred to recent statements by Mr Musk on Twitter and said there were questions about reported cuts to his Starlink system in Ukraine.
Mr Bryant has called for sanctions to be placed on several people since Russia invaded Ukraine, including former Chelsea owner Roman Abramovich, who was then penalised by the UK.
As members of the House of Commons asked a defence minister about the situation in Ukraine, Mr Bryant said: “Can I ask him about Elon Musk?
“Because he seems to be playing a double game at the moment, and his tweet earlier on this week I think was profoundly unhelpful.
“There are also questions about why there have been outages of the Starlink system which may have … made bigger difficulties for Ukraine.
“Is there a moment at which we might have to consider sanctioning Elon Musk?”
Elon Musk's 2022 - in pictures
Defence Procurement Secretary Alec Shelbrooke appeared to be surprised by the question.
“Sanctions remain under review at all times and everything will be taken into consideration in the round," Mr Shelbrooke said.
“I think we must always make sure we’re well aware of what all the facts are, not just react to social media, and then those things can be looked at and whether any sanctions would be appropriate or not.”
Starlink is a satellite-based internet system created by Mr Musk’s SpaceX.
The Financial Times reported that Ukrainian troops on the frontline have recently reported cuts to their Starlink communication devices.
Some of the devices being used in Ukraine were donated by SpaceX, while others have reportedly been bought and supplied to Ukraine by the US government and others.
The FT quoted a Ukrainian government official who said that the blackouts led to a “catastrophic” loss of communications in recent weeks.
According to the report, Mr Musk and SpaceX did not respond to requests for comment, but he later said on Twitter: “As for what’s happening on the battlefield, that’s classified.”
Twitter investors backing Musk - in pictures
Mr Musk, the chief executive of Tesla, last week tweeted that to reach peace, Russia should be allowed to keep the Crimean Peninsula it seized in 2014.
He also said Ukraine should adopt a neutral status, dropping a bid to join Nato after Russia’s partial mobilisation of reservists.
Mr Musk also crossed red lines for Ukraine and its supporters by suggesting that four regions Russia is moving to annex after “referendums” denounced by the West as a sham should hold repeat votes organised by the UN.
He also launched a Twitter poll asking whether “the will of the people” should decide if seized regions remained part of Ukraine or became part of Russia.
In a sarcastic response, Ukrainian President Volodymyr Zelenskyy posted a Twitter poll of his own, asking “Which Elon Musk do you like more?” — “One who supports Ukraine” or “One who supports Russia”?
GOLF’S RAHMBO
- 5 wins in 22 months as pro
- Three wins in past 10 starts
- 45 pro starts worldwide: 5 wins, 17 top 5s
- Ranked 551th in world on debut, now No 4 (was No 2 earlier this year)
- 5th player in last 30 years to win 3 European Tour and 2 PGA Tour titles before age 24 (Woods, Garcia, McIlroy, Spieth)
How Filipinos in the UAE invest
A recent survey of 10,000 Filipino expatriates in the UAE found that 82 per cent have plans to invest, primarily in property. This is significantly higher than the 2014 poll showing only two out of 10 Filipinos planned to invest.
Fifty-five percent said they plan to invest in property, according to the poll conducted by the New Perspective Media Group, organiser of the Philippine Property and Investment Exhibition. Acquiring a franchised business or starting up a small business was preferred by 25 per cent and 15 per cent said they will invest in mutual funds. The rest said they are keen to invest in insurance (3 per cent) and gold (2 per cent).
Of the 5,500 respondents who preferred property as their primary investment, 54 per cent said they plan to make the purchase within the next year. Manila was the top location, preferred by 53 per cent.
Rankings
ATP: 1. Novak Djokovic (SRB) 10,955 pts; 2. Rafael Nadal (ESP) 8,320; 3. Alexander Zverev (GER) 6,475 ( 1); 5. Juan Martin Del Potro (ARG) 5,060 ( 1); 6. Kevin Anderson (RSA) 4,845 ( 1); 6. Roger Federer (SUI) 4,600 (-3); 7. Kei Nishikori (JPN) 4,110 ( 2); 8. Dominic Thiem (AUT) 3,960; 9. John Isner (USA) 3,155 ( 1); 10. Marin Cilic (CRO) 3,140 (-3)
WTA: 1. Naomi Osaka (JPN) 7,030 pts ( 3); 2. Petra Kvitova (CZE) 6,290 ( 4); 3. Simona Halep (ROM) 5,582 (-2); 4. Sloane Stephens (USA) 5,307 ( 1); 5. Karolina Pliskova (CZE) 5,100 ( 3); 6. Angelique Kerber (GER) 4,965 (-4); 7. Elina Svitolina (UKR) 4,940; 8. Kiki Bertens (NED) 4,430 ( 1); 9. Caroline Wozniacki (DEN) 3,566 (-6); 10. Aryna Sabalenka (BLR) 3,485 ( 1)
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What is a robo-adviser?
Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.
These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.
Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.
Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.
Who has lived at The Bishops Avenue?
- George Sainsbury of the supermarket dynasty, sugar magnate William Park Lyle and actress Dame Gracie Fields were residents in the 1930s when the street was only known as ‘Millionaires’ Row’.
- Then came the international super rich, including the last king of Greece, Constantine II, the Sultan of Brunei and Indian steel magnate Lakshmi Mittal who was at one point ranked the third richest person in the world.
- Turkish tycoon Halis Torprak sold his mansion for £50m in 2008 after spending just two days there. The House of Saud sold 10 properties on the road in 2013 for almost £80m.
- Other residents have included Iraqi businessman Nemir Kirdar, singer Ariana Grande, holiday camp impresario Sir Billy Butlin, businessman Asil Nadir, Paul McCartney’s former wife Heather Mills.
Hunting park to luxury living
- Land was originally the Bishop of London's hunting park, hence the name
- The road was laid out in the mid 19th Century, meandering through woodland and farmland
- Its earliest houses at the turn of the 20th Century were substantial detached properties with extensive grounds
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