The Daily Brief Europe wants to cut ties with Elon Musk
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Dec 18, 2024 Europe is in a race to establish its own satellite internet system, IRIS, to rival Musk's Starlink. The push aims to reduce reliance on a single provider during crises and geopolitical tensions. Meanwhile, the podcast delves into the shifting commodities market, offering insights into the future of oil, coal, and gold prices, with an optimistic outlook for precious metals. Tune in for a fascinating exploration of how global connectivity and economic trends shape the landscape!
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Europe's Starlink Rival
- The European Union signed a deal to build its own satellite internet system, IRIS, to rival Starlink.
- This is a costly reaction to avoid relying on Elon Musk's control over internet access.
Starlink in Ukraine War
- During the 2022 Russian invasion, Musk provided Ukraine's military with Starlink internet access.
- However, he refused to extend coverage to Russian-occupied Crimea, demonstrating his control.
Commodities Outlook 2025
- Kashish Kapoor discusses the 2025 outlook for commodities like oil, gas, coal, gold, and silver.
- He summarizes reports from major banks, aiming to provide insights into future price trends.