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Billionaires Elon Musk, Bill Ackman endorse Trump in presidential race

Billionaires Elon Musk, Bill Ackman endorse Trump in presidential race
Tesla, X and SpaceX's CEO Elon Musk. (Reuters)
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Updated 14 July 2024

Billionaires Elon Musk, Bill Ackman endorse Trump in presidential race

Billionaires Elon Musk, Bill Ackman endorse Trump in presidential race
  • Musk, who has been ramping up criticism of US President Joe Biden, said Trump has proved that he is "tough"
  • Musk has said he previously voted for Democratic presidential candidates Hillary Clinton as well as Biden

Billionaires Elon Musk, the CEO of Tesla, and hedge fund manager Bill Ackman, publicly endorsed Donald Trump for the first time in the US presidential race, with Musk calling the Republican former president “tough.”

Musk, the world’s richest person, posted the endorsement with a video of Trump with blood on his face pumping his fist after multiple shots rang out at Trump’s rally in Pennsylvania on Saturday. Trump was safe.
The posts cement Musk’s shift toward right-wing politics and hand Trump a high-profile backer in his quest to return to the White House in the Nov. 5 election.
“I fully endorse President Trump and hope for his rapid recovery,” Musk posted on his social media platform X.
“The martyr lived,” he wrote in a later post, citing a reported debate between conservative venture capitalist Peter Thiel and LinkedIn co-founder and Democratic megadonor Reid Hoffman.

Musk later posted a photograph of Trump at the event, followed by: “Last time America had a candidate this tough was Theodore Roosevelt.”
Musk and representatives from X did not immediately respond to requests for comment.
Musk, who has been ramping up criticism of US President Joe Biden, has donated to a political group working to elect Trump, Bloomberg reported on Friday, citing sources.
The South African-born businessman’s sway stands to benefit Trump, since Musk has one of the largest footprints on X with 189.5 million followers, meaning his posts can instantaneously spread widely.
Musk has said he previously voted for Democratic presidential candidates Hillary Clinton as well as Biden.
However, in the last few years, Musk has espoused right-wing views, becoming a fierce critic of diversity initiatives, Biden’s immigration policies and complaining that Democrats had given a “very cold shoulder” to Tesla and his rocket company SpaceX.
In March, Trump, who is expected to be formally nominated next week as the Republican Party’s candidate for the Nov. 5 election, reportedly met with Musk and other wealthy donors.
In response to reports of the meeting, Musk posted on X: “Just to be super clear, I am not donating money to either candidate for US President.” In May, he also denied media reports that there had been talks over a potential advisory role for him in any Trump presidency.

FROM “BULL***T ARTIST” TO “FAN OF ELON“
In July 2022, Musk said Trump was “too old to be” president of the United States, and Trump needed to “sail into the sunset.” Musk also said he was leaning toward supporting Florida Governor Ron DeSantis for president in 2024.

Trump hit back, calling Musk a “Bull***t artist“.
Then in late 2022, Twitter reversed its ban on former US President Trump shortly after Musk completed his $44 billion purchase of the controversial social media platform, which he later renamed X.
Last month, Trump said he was “a fan of Elon,” adding “he does an incredible job with Tesla.”
Musk said at a recent Tesla shareholder meeting that the two men had “some conversations.” Trump is a “huge fan” of Tesla’s electric pickup trucks, Musk said.
Trump has reiterated his pledge to immediately abandon the Biden administration’s “mandate” to support the electric vehicle industry.
Musk’s support for Republicans and his antisemitic and other controversial comments have alienated some Tesla customers, weighing on the carmaker’s reputation and sales. (Reporting by Hyunjoo Jin and Alexandra Ulmer, additional reporting by Rami Ayyub and Gnaneshwar Rajan, editing by Deepa Babington, Lananh Nguyen and Franklin Paul)

For his part, hedge fund manager Ackman posted on social media platform X endorsing Trump after the Republican candidate was shot during his campaign rally.
“I just endorsed him,” Ackman said. “But you know me. I write long posts on important topics. I want people to understand my thinking so it means more and helps others get to the right place,” Ackman said in response to an X user.

Ackman had considered endorsing Trump as recently as May, and had planned to announce his support on X, Reuters and other media outlets reported.
A spokesperson for Ackman did not immediately respond to Reuters’ request for comment.


Overnight Russian attack on Ukraine kills 15 and injures 156

Updated 2 sec ago

Overnight Russian attack on Ukraine kills 15 and injures 156

Overnight Russian attack on Ukraine kills 15 and injures 156
At least 14 people were killed as explosions echoed across the Ukrainian capital for almost nine hours
Russia fired more than 440 drones and 32 missiles, Ukrainian President Volodymyr Zelensky said

KYIV: An overnight Russian missile and drone bombardment of Ukraine killed 15 people and injured 156, local officials said Tuesday, with the main barrage demolishing a nine-story Kyiv apartment building in the deadliest attack on the capital this year.

At least 14 people were killed as explosions echoed across the Ukrainian capital for almost nine hours, Kyiv City Military Administration head Tymur Tkachenko said, destroying dozens of apartments.

Russia fired more than 440 drones and 32 missiles, Ukrainian President Volodymyr Zelensky said, calling the Kyiv attack “one of the most terrifying strikes” on the capital.

Ukraine’s Interior Ministry said 139 people were injured in Kyiv. Mayor Vitalii Klitschko announced that Wednesday would be an official day of mourning.

The attack came after two rounds of direct peace talks failed to make progress on ending the war, now in its fourth year.

Russia steps up aerial attacks

Russia has repeatedly hit civilian areas of Ukraine with missiles and drones. The attacks have killed more than 12,000 Ukrainian civilians, according to the United Nations. Russia says it strikes only military targets.

Russia has in recent months stepped up its aerial attacks. It launched almost 500 drones at Ukraine on June 10 in the biggest overnight drone bombardment of the war. Russia also pounded Kyiv on April 24, killing at least 12 people.

The intensified long-range strikes have coincided with a Russian summer offensive on eastern and northeastern sections of the roughly 1,000-kilometer (620-mile) front line, where Ukraine is short-handed and needs more military support from its Western partners.

Uncertainty about US policy on the war has fueled doubts about how much help Kyiv can count on. Zelensky had been set to meet with US President Donald Trump at a G7 summit in Canada on Tuesday to press him for more help. But Trump returned early to Washington on Monday night because of tensions in the Middle East.

Ukraine tries to keep the world’s attention

Zelensky is seeking to prevent Ukraine from being sidelined in international diplomacy. Trump said earlier this month it might be better to let Ukraine and Russia “fight for a while” before pulling them apart and pursuing peace, but European leaders have urged him to pressure Russian President Vladimir Putin into accepting a ceasefire.

Kremlin spokesman Dmitry Peskov said Tuesday it is unclear when another round of talks might take place.

Ukraine’s Foreign Minister Andrii Sybiha said Russia’s attacks during the G7 summit showed Putin’s “total disrespect” for the US and other countries.

“Russia not only rejects a ceasefire or a leaders’ meeting to find solutions and end the war. It cynically strikes Ukraine’s capital while pretending to seek diplomatic solutions,” Sybiha wrote on social media.

Ukrainian forces have hit back against Russia with their own domestically produced long-range
drones.

The Russian military said it downed 203 Ukrainian drones over 10 Russian regions between Monday evening and Tuesday morning.

Russian civil aviation agency Rosaviatsia reported briefly halting flights overnight in and out of all four Moscow airports, as well as those in the cities of Kaluga, Tambov and Nizhny Novgorod as a precaution.

Overnight Russian drone strikes also struck the southern Ukrainian port city of Odesa, killing one person and injuring 17 others, according to Oleh Kiper, head of the regional administration.

Putin “is doing this simply because he can afford to continue the war. He wants the war to go on. It is troubling when the powerful of this world turn a blind eye to it,” Zelensky said.

Russian attack demolishes apartment building

The Russian attack delivered “direct hits on residential buildings,” the Kyiv City Military Administration said in a statement. “Rockets — from the upper floors to the basement,” it said.

A US citizen died in the attack after suffering shrapnel wounds, Interior Minister Ihor Klymenko told reporters.

Thirty apartments were destroyed in a single residential block after it was struck by a ballistic missile, Klymenko said.

“We have 27 locations that were attacked by the enemy. We currently have over 2,000 people working there, rescuers, police, municipal services and doctors,” he told reporters at the scene of one attack.

Olena Lapyshniak, 49, was shaken from the strike that nearly leveled her apartment building. She heard a whistling sound and then two explosions that blew out her windows and doors.

“It’s horrible, it’s scary, in one moment there is no life,” she said. “There’s no military infrastructure here, nothing here, nothing. It’s horrible when people just die at night.”

People were wounded in the city’s Sviatoshynskyi and Solomianskyi districts. Fires broke out in two other city districts as a result of falling debris from drones shot down by Ukrainian air defenses, the mayor said.

Moscow escalated attacks after Ukraine’s Security Service agency staged an audacious operation targeting warplanes in air bases deep inside Russian territory on June 1.

Spain says April power outage caused by ‘overvoltage’

Spain says April power outage caused by ‘overvoltage’
Updated 3 min 14 sec ago

Spain says April power outage caused by ‘overvoltage’

Spain says April power outage caused by ‘overvoltage’
  • Ecological Transition Minister Sara Aagesen said the system “lacked sufficient voltage control capacity” that day
  • Authorities have been scrambling to find answers after the April 28 outage

MADRID: A major power outage that struck the Iberian Peninsula in April was caused by “overvoltage” on the grid that led to “a chain reaction,” according to a government report released Tuesday.

The blackout had “multiple” causes, Ecological Transition Minister Sara Aagesen told reporters following a cabinet meeting, adding the system “lacked sufficient voltage control capacity” that day.

Overvoltage is when there is too much electrical voltage in a network, overloading equipment. It can be caused by surges in networks due to oversupply or lightning strikes, or when protective equipment is insufficient or fails.

When faced with overvoltage on networks protective systems shut down parts of the grid, potentially leading to widespread power outages.

Authorities have been scrambling to find answers after the April 28 outage cut Internet and telephone connections, halted trains, shut businesses and plunged cities into darkness across Spain and Portugal as well as briefly affecting southwestern France.

Spanish Prime Minister Pedro Sanchez announced the formation of an inquiry commission led by the Ecological Transition Ministry shortly after the blackout, urging residents not to speculate until detailed results were available.

He had warned that the probe’s conclusions could take several months, given the complexity of the incident.

Aagesen singled out the role of the Spanish grid operator REE and certain energy companies she did not name which disconnected their plants “inappropriately... to protect their installations.”

She also pointed to “insufficient voltage control capacity” on the system that day, due in part to a programming flaw, stressing that Spain’s grid is theoretically robust enough to handle such situations.

Due to these misjudgments “we reached a point of no return with an uncontrollable chain reaction” that could only have been controlled if steps had been taken beforehand to absorb the overvoltage problems, she added.


UK slaps new sanctions on Russia shadow fleet

UK slaps new sanctions on Russia shadow fleet
Updated 17 min 25 sec ago

UK slaps new sanctions on Russia shadow fleet

UK slaps new sanctions on Russia shadow fleet
  • Security analysts say the fleet of aging vessels is used by Russia to circumvent international sanctions that ban it from selling oil
  • Hundreds of vessels have now been sanctioned by the European Union and the UK

LONDON: The UK on Tuesday tightened its sanctions on Russia’s so-called shadow fleet, slapping bans on 20 more ships and blacklisting 10 other people or bodies involved in energy and shipping.

Security analysts say the fleet of aging vessels is used by Russia to circumvent international sanctions that ban it from selling oil.

Hundreds of vessels have now been sanctioned by the European Union and the UK since Russian President Vladimir Putin ordered the invasion of Ukraine in February 2022.

The UK’s new additions to its assets freeze list include the Orion Star group and Rosneft Marine (UK), both said to be significant to Russia’s energy sector, as well as the deep-sea research unit at the Russian defense ministry.

Although Russia’s economy has not collapsed under the sanctions, officials insist they are having an impact.

“Russia’s economy is slowing and the Kremlin has been forced to make increasingly painful trade-offs to support its war effort,” Downing Street said in a statement.

It claimed the sanctions imposed in the last three years “have deprived Russia of at least $450 billion.”

“By one estimate, that’s equivalent to around two more years of funding for the invasion,” it added.

The UK alone has sanctioned over 2,300 individuals, entities and ships since the start of the
invasion.

UK Prime Minister Keir Starmer said he wanted to hone the new sanctions with Britain’s other G7 partners meeting this week in Canada.

“We should take this moment to increase economic pressure and show President Putin it is in his — and Russia’s interests — to demonstrate he is serious about peace.”

With peace talks stalling, Ukrainian President Volodymyr Zelensky had hoped to press US counterpart Donald Trump to step up sanctions on Russia at the G7 summit.

But as the conflict between Iran and Israel escalated, Trump left the summit early without meeting Zelensky, saying he had “big stuff” to do in Washington. And he has proved reluctant about new sanctions.

The EU has imposed 18 rounds of sanctions on Russia.

Downing Street said “new information” showed Western were creating “significant challenges” for Russian state enterprises, including funding shortfalls, delays in major projects, and growing debt due to high interest rates.


French ex-PM Fillon given suspended sentence over wife’s fake job

French ex-PM Fillon given suspended sentence over wife’s fake job
Updated 17 June 2025

French ex-PM Fillon given suspended sentence over wife’s fake job

French ex-PM Fillon given suspended sentence over wife’s fake job
  • Francois Fillon, 71, had been found guilty in 2022 on appeal of embezzlement for providing a fake parliamentary assistant job to his wife
  • The Paris appeals court also ordered him to pay a fine of $433,000 and barred him from seeking elected office for five years

PARIS: Former French prime minister Francois Fillon was on Tuesday given a four-year suspended prison sentence over a fake jobs scandal that wrecked his 2017 presidential bid.
Fillon, 71, had been found guilty in 2022 on appeal of embezzlement for providing a fake parliamentary assistant job to his wife, Penelope Fillon, that saw her being paid from public funds although the court found that she never did any work in the National Assembly.
The Paris appeals court also ordered him to pay a fine of 375,000 euros ($433,000) and barred him from seeking elected office for five years.
The sentence was milder than the one handed down in 2022, when he had been ordered to spend one year behind bars without any suspension.
But France’s highest appeals court, the Court of Cassation, overruled that decision and ordered a new sentencing trial.
No change was made to the punishment for Penelope Fillon, who is British, and who was handed a two-year suspended sentence and ordered to pay the same fine as her husband.
The couple has always insisted that Penelope Fillon had done genuine constituency work.
Neither was present in court for the sentencing.
Fillon, a conservative, earlier this year called the ban on seeking public office a “moral wound.”
The scandal, dubbed “PenelopeGate” by the French press, hurt Fillon’s popularity and contributed to his first-round elimination in France’s 2017 presidential election that was won by current President Emmanuel Macron.
“The treatment I received was somewhat unusual and nobody will convince me otherwise,” Fillon said. “Perhaps there was a link with me being a candidate in the presidential election.”
Sarkozy and Le Pen
Fillon claimed that fake parliamentary jobs were common between 1981 and 2021, saying that “a large majority” of lawmakers had been in a “perfectly similar situation” to his during that time.
His wife’s fake contract ran from 2012 to 2013.
“It is the appreciation of the court that there is no proof of any salaried work in the case,” the court said in its ruling.
Fillon’s lawyer, Antonin Levy, welcomed the decision to spare his client time in prison.
“Francois Fillon is a free man,” he said.
In another recent high-profile case involving French politicians, former president Nicolas Sarkozy, also a conservative, was stripped of his Legion d’Honneur distinction following his conviction for graft.
Sarkozy, 70, had been wearing an electronic ankle tag until last month after France’s highest appeals court upheld his conviction last December of trying to illegally secure favors from a judge.
Sarkozy is currently on trial in a separate case on charges of accepting illegal campaign financing in an alleged pact with late Libyan dictator Muammar Qaddafi.
Another case involves far-right leader Marine Le Pen, who was convicted in an embezzlement trial over fake European Parliament jobs, and is appealing the verdict.
As well as being given a partly suspended jail term and a fine, she was banned from taking part in elections for five years, which would — if confirmed — scupper her ambition of standing for the presidency in 2027.


Which countries currently have nuclear weapons?

Which countries currently have nuclear weapons?
Updated 17 June 2025

Which countries currently have nuclear weapons?

Which countries currently have nuclear weapons?
  • Russia, US, China, France, UK, India, Pakistan and North Korea possess nuclear weapons
  • Israel has never acknowledged having nuclear weapons but is widely believed to have them

Nine countries currently either say they have nuclear weapons or are believed to possess them.

The first to have nuclear arms were the five original nuclear weapons states — the United States, Russia, China, France and the United Kingdom.

All five are signatories to the Nuclear Nonproliferation Treaty, which commits countries that don’t have nuclear arms not to build or obtain them, and those that do to “pursue negotiations in good faith” aimed at nuclear disarmament.

Rivals India and Pakistan, which haven’t signed the NPT, have built up their nuclear arsenals over the years. India was the first to conduct a nuclear test in 1974, followed by another in 1998. Pakistan followed with its own nuclear tests just a few weeks later.

Israel, which also hasn’t signed the NPT, has never acknowledged having nuclear weapons but is widely believed to.

North Korea joined the NPT in 1985 but announced its withdrawal from the treaty in 2003, citing what it called US aggression. Since 2006, it has conducted a string of nuclear tests.

Iran long has insisted its nuclear program is for peaceful purposes only and US intelligence agencies have assessed that Tehran is not actively pursuing the bomb now. But it has in recent years been enriching uranium to up to 60 percent purity — near weapons-grade levels of 90 percent.

In an annual assessment released this week, the Stockholm International Peace Research Institute estimated that the nine countries had the following stockpiles of military nuclear warheads as of January:

Russia: 4,309
United States: 3,700
China: 600
France: 290
United Kingdom: 225
India: 180
Pakistan: 170
Israel: 90
North Korea: 50