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Some of Ukraine’s artillery soldiers were TikTokers yesterday, ComBat Vision says. Their new plugin teaches them to aim

21 October 2026 at 18:32

This is what the UGV operator’s assistant in ComBat 4 looks like when operating at night or in low-visibility conditions.

Ukraine receives Western weapons, but the code that teaches soldiers to aim them is increasingly its own. Developers of the Ukrainian battlefield reconnaissance and coordination system ComBat Vision have released a new plugin that turns the abstract math of artillery fire into a visual tool, letting crews simulate firing and learn to adjust it, the team says.

The developers built the tool around a problem they name plainly: the quality of specialists entering the military is falling rapidly.

“Artillery soldiers are sometimes yesterday’s TikTokers or "tanks" players,” the team explain, so the plugin makes firing and aiming as visual as possible to teach indirect fire quickly.

On screen, it draws a round’s flight path from the weapon’s firing tables and the dispersion ellipse for that gun and munition, warns of obstacles on the calculated trajectory, and simulates the shell after the shot with a training error added. It then shows real or simulated bursts, averages the correction across a series of hits, and lets the user enter corrections, including by voice, and watch the result.

The plugin draws its ballistics from MyGun, an app by Yaroslav Sherstiuk that automates ballistic and fire calculations for artillery. ComBat Vision itself coordinates troops and shares object data, integrating with optical sensors such as drones, ground robots and security cameras to fix targets in space.

From a single app to a platform with a plugin store

ComBat Vision’s bigger move is becoming a platform rather than a single app. The developers say they will open a plugin store within a week, where units can download the new artillery feature and others, such as repeater-coverage calculations and remote control of minefields.

The team has announced plans to open it, not results from using it, so its payoff, letting one platform add new tools without building a separate system each time, is a claim to watch rather than a proven gain.

Fans Don't Want a 24-Team College Football Playoff. The NCAA Thinks You'll Watch Anyway.

20 October 2026 at 15:45
A few BYU football players celebrate on the field, one of them has ripped off his helmet. | Aaron Baker/Icon Sportswire CHE/Aaron Baker/Icon Sportswire/Newscom

Hello and welcome to another edition of Free Agent! Be careful when you're behind the wheel this week.

College football is great! Surely you want even more of it, right? We'll get into the problems with a 24-team College Football Playoff (CFP), then talk about the NBA's new betting restrictions, and close with thoughts about President Donald Trump's new government golf course plans. And just in case you don't make it to the end, here's a shortcut to our survey on who you're rooting for in the World Series.

But first, many congratulations to "Gary's 1st Entry" on outlasting everyone else in our NFL Survivor group. There's no prize other than this shoutout, so be sure to print out today's newsletter, highlight this paragraph, and frame it in gold. Perhaps Gary can keep going and challenge Primetime Paulie Rothrock's 13-game winning streak from last season.

Locker Room Links

Watering Down College Football Is a Mistake

Saturday was one of the best days of college football ever—or perhaps it could have been, if we thought any of the five top-10 teams who took a loss were now certainly out of playoff contention. Instead, Georgia, Notre Dame, Indiana, Alabama, and Texas are all still very much alive in the championship hunt.

Today was one of the craziest days in college football history:

- First time ever five teams ranked in the top 7 lose in a single week
- First time the No. 1-ranked team loses to an unranked team in consecutive weeks since 1990
- First time Texas, Alabama, and Georgia all lose… pic.twitter.com/psVRoM5s5b

— Bobby Football (@Rob__Paul) October 18, 2026

With two losses, Alabama and Texas are at least on the edge of the playoff bubble with perhaps no more room for error. But that's only true under this year's CFP format. Next year, the playoff is almost officially set to balloon to 24 teams, making the chaos of a day like Saturday matter even less.

Fans will always celebrate a huge upset or major rivalry win, of course—Tennessee fans don't need playoff stakes as an excuse to get drunk when they beat Alabama. But the joy of a rivalry win in the past was always bigger because of the off-field stakes, too—the first loss for your rival meant they probably wouldn't be national champions, the second meant they'd be out of the Rose Bowl, a third meant you could be proud your team sent them packing for the Alamo Bowl. Winning is great; ruining your rival's season is even better.

With 24 teams in the playoff, the joy is a bit diminished because it will take four or possibly five losses to knock a powerhouse program out of the CFP (Iowa, at 8–4, was ranked 23rd by the committee before last year's playoffs). It'll be a bit like a rivalry win in college basketball—we win, you suck, congrats on getting a slightly worse NCAA Tournament seed.

In the business of sports, more inventory for TV is king, and the powers that be think more teams playing more playoff games will make more money. At Free Agent, we don't begrudge institutions for trying to make more money—we all do the same every day. But it's not clear abandoning conference championship games will be the answer, especially when the Big Ten and SEC championships apparently outdraw many playoff games.

ESPN and the power conferences know fans aren't happy about it—just look at all the chatter online, and how the crowd at BYU reacted when College GameDay discussed expansion on Saturday (especially when BYU would probably benefit from expansion!). They're betting enough people will watch to make the expansion profitable anyway. The last hope is that fans get loud enough to bully them into abandoning expansion—which only occasionally works, sometimes on things small (putting the trophy logo on the court for the NBA Finals) and large (soccer's European Super League). If any powerhouse considers going independent, that might shock leaders into a rethink too.

Almost every sport I know is adding more: more teams, bigger playoffs, more for TV. As fans, we still eat it up, of course—much to the excitement of the TV executives who are selling commercial time to the people trying to reach us, the viewing public. (The only counterexample is the MLB proposal to cut eight games from the regular season—I'd love to see each sport I follow cut its season by about 25 percent to make regular season games matter more, so I'm interested to see how this goes.)

Perhaps I'm biased because my favorite team, Michigan State, is a dumpster fire—they could expand the playoff to 64 teams and the Spartans still wouldn't deserve a bid. I personally don't have a whole lot at stake in the playoff format now or anytime soon. But as a neutral, the chaos of Saturday might have been viewed with my full attention in the past—instead, this year I just had it on in the background while I played video games.

Sports Are Regulating Bets Without Politicians, Part 3

After last year's major betting scandal, the NBA asked sportsbooks late last week to stop offering certain types of potentially problematic bets. The sportsbooks, which the NBA says handle roughly 99 percent of the U.S. betting market, agreed. No politician or regulation was necessary to solve the problem.

No longer can bettors bet on unders for a bit player who likely won't get more than 12 minutes of playtime. Bettors also can't wager on the opening tip or on players to miss specific shots. Parlays that string together under bets on the same player's statistics are also out (this one seems a bit harsh—if you just want to bet on a certain major player to have an off night, you can bet on stats separately, but not in a big multiplier parlay). Bets on players who have two-way contracts between the NBA and G League were already banned.

This all comes on the heels of similar developments last year in the NFL and MLB. While some people want to ban prop bets altogether, the NFL asked sportsbooks to eliminate bets in four different categories. Sportsbooks largely agreed or weren't offering those bets anyway. MLB, in light of some pitching-related scandals, asked for a $200 limit on pitch-specific bets and to keep them out of parlays—sportsbooks agreed to that too.

As I wrote last year, "Ideally, this is how the regulation of the sports betting industry should go….These approaches are catching the nuances of what works for both the leagues and for sportsbooks without the heavy-handed approaches of politicians who would use an axe to ban all prop bets instead of a scalpel to limit problematic bets."

It's important to note leagues are able to do this because they have commercial partnerships with the sportsbooks. Otherwise, the leagues would have no direct leverage over a sportsbook offering a bet the league doesn't like. Keep that in mind the next time you see people bemoaning a league partnership with a sportsbook or a prediction market.

Trump's Golf Course Plans Have People Teed Off

President Donald Trump has new plans for the National Park Service golf course at East Potomac—again. Last time new plans were announced, the site plan still had its historic miniature golf course, a par-3 course, and the existing road still ringing the property for bicycling, running, etc. Much of the public didn't like that plan anyway—now, none of that remains in the latest plans, just 18 holes of golf and a driving range.

Trump announces plans for the redeveloped East Potomac Park golf course. pic.twitter.com/ZiGYgc99Uo

— Andrew Leyden (@PenguinSix) October 18, 2026

What's really going on here seems quite clear to me: Like so many other things going on in the second Trump administration, this is a scheme to enrich the Trump family. The plan?

Step 1: Cancel a lease that was signed during the first Trump administration with a nonprofit group operating the golf course and working, in the long term, on major capital improvements and renovations.

Step 2: Use taxpayer dollars to pay for renovation of the course into, allegedly, a championship-level course capable of hosting major golf tournaments (no matter that the area has next to zero parking, is a mile from the nearest Metro station, and only accessible by narrow roads not meant to handle tens of thousands of spectators). 

Step 3: Have the federal government sign a sweetheart deal with, who else, the golf division of the Trump Organization to operate the course on extremely favorable and profitable terms.

If you're wondering why the Trump administration is doing something, corruption is usually a good guess.

The arguments for the course don't make much sense. There are plenty of adequate, competitively priced golf courses in the broader Washington, D.C., area. Several of them are already capable of hosting professional golf tournaments. Between LIV Golf and the PGA Tour, there were three tournaments at three different courses in the last couple years. The 2030 PGA Championship and 2037 Ryder Cup will happen just over the D.C. line in Bethesda, Maryland.

East Potomac is not the nicest course around, no thanks to the legal limbo it's been in for the past year. But if the National Park Service is going to, for some reason, be in the business of running a golf course, it should be a course that emphasizes and teaches its history instead of the pipe dream of a corrupt madman.

Who Ya Got? 2026 World Series Edition

For the first time in 46 years, we've got a World Series contested by two teams that have never won it before. Brewers against Rays is also a rare instance of the top seeds from each league outlasting the randomness of the MLB playoffs to make the World Series. And before you trot out the tired line that "TV executives must be seething about the small market teams" remember that they care much more about getting a playoff series that goes seven games with close results in each game (What did I say above? Inventory rules all!).

In any case, I want to know who you're rooting for. At first glance, neither team seems super objectionable to me. Come back next week for my thoughts. But make sure you sound off and take 10 seconds to respond to our World Series poll here.

Replay of the Week

Kick-six alert! (Honorable mention to the blocked extra point returned for two the other way.)

"A kick-six type opportunity."

Chris Lewis was all over this one on the CBS Sports Network call of Nevada-North Dakota State. 🏈🔥🎙 pic.twitter.com/eRt42xcYIt

— Awful Announcing (@awfulannouncing) October 18, 2026

That's all for this week. Enjoy watching the real game of the weekend: MSU men's hockey (No. 2 in the nation!) against New Hampshire.

The post Fans Don't Want a 24-Team College Football Playoff. The NCAA Thinks You'll Watch Anyway. appeared first on Reason Magazine.

Posting strike videos online may help Russia tune its drones’ optical targeting. Moscow now pays people to film hits, Ukrainian adviser warns

15 October 2026 at 21:20

Jet powered Shahed-136 kamikaze drone Credit: Open sources

Filming a drone strike and posting it online may be quietly teaching Russia’s drones to aim better. Russia is collecting footage of its Geran attack drones striking Ukraine, probably to check how its optical target-recognition and guidance algorithms perform in combat, presidential defense-technology adviser Serhii “Flash” Beskrestnov says.

Russia has fitted its jet-powered Geran drones with machine vision that lets them recognize and track targets on their own in the final seconds of flight, a capability Ukraine’s electronic warfare cannot easily defeat. Now, Moscow is paying people inside Ukraine to film where those drones land, which Flash says is no coincidence after four years of not asking.

“Across many Telegram channels, the enemy is asking traitors to film videos of ‘Geran’ impacts and transmit information for a reward. For four years they didn’t ask, and suddenly it has become so crucial,” Beskrestnov notes.

The reason, he believes, lies in those optical guidance systems. Russian forces need impact footage to see how its algorithms are performing in real combat conditions, according to the expert.

The warning Flash is pressing on civilians

His takeaway for them is blunt: stop posting the videos of Russian assaults. He stresses the serious danger of publishing footage of impact sites and urges people not to film or share it.

“This serves as a signal to everyone: do not film and do not publish videos of ‘Shahed’ hits. You see how vital and necessary this is to Russia,” Beskrestnov adds.

Earlier, Ukrenergo board chairman Vitaly Zaichenko said that a Russian drone severed a unique power transmission tower at the Dnipro River crossing in Kyiv, and it cannot be restored. He added that the company was developing new technical solutions "on the fly, and very fast."

It would start the procedures for those solutions from 15 October. Russia’s use of drones able to sever metal towers is a new and serious challenge for Ukraine’s power engineers.

EU General Court Backs Brussels in Landmark Digital Services Act Dispute Over Platform User Numbers

15 October 2026 at 09:19

The EU General Court has upheld the European Commission’s decision to classify Stripchat as a very large online platform, establishing important limits on how technology companies can challenge the calculation of their European user numbers.

The European Union’s General Court has rejected a legal challenge to the European Commission’s classification of adult entertainment platform Stripchat under the Digital Services Act, strengthening Brussels’ authority to determine which online services must comply with the legislation’s most demanding obligations.

In its judgment delivered on 14th October, the Luxembourg-based court dismissed the action brought by Technius Ltd, the company operating Stripchat, against its designation as a very large online platform.

The dispute centred on how the Commission calculated the platform’s average monthly active users in the European Union, which determines whether additional regulatory obligations apply.

Under the Digital Services Act, platforms exceeding 45 million monthly active recipients in the EU are subject to enhanced supervision, including requirements concerning systemic risks, transparency, content moderation and independent auditing.

The judgment addresses a fundamental question for European digital regulation: whether companies can exclude particular categories of website visits when calculating the number of people using their services.

How Brussels challenged the platform’s figures

In February 2023, Technius reported that Stripchat had approximately 31.8 million average monthly active recipients in the EU, placing it below the threshold for very large online platforms.

The company relied on information provided by Similarweb, a commercial service measuring website traffic and user behaviour.

However, the Commission questioned the methodology used to reach that figure. Technius had discounted certain visits on the grounds that users entered the website but departed without engaging with its content.

Such visits are commonly described as bounced visits and frequently appear in commercial website analytics.

The Commission concluded that the company’s deductions had significantly underestimated its audience because the original Similarweb calculation of unique visitors already incorporated a filtering process excluding many bounced visits.

On that basis, Brussels calculated that Stripchat had more than 62 million monthly unique visitors in the EU, well above the statutory threshold.

The Commission consequently designated the platform as a very large online service on 20th December 2023. Technius challenged the decision, arguing that the figures were unreliable and that the absence of a prescribed calculation methodology undermined legal certainty.

The EU General Court rejected both arguments.

Court rejects challenge to calculation methodology

According to the court’s official explanation, the Commission had adequately explained its calculation and was entitled to rely on the data available when the designation decision was adopted.

The judges found that Technius had effectively applied deductions to figures from which relevant traffic had already been filtered, producing an artificially reduced estimate of active recipients.

The judgment also addressed a potentially significant complication.

After the Commission adopted its decision, Similarweb revised its methodology. Using the corrected method, Stripchat’s estimated monthly active audience for the relevant period was approximately 37.3 million.

That figure was below the threshold for classification as a very large online platform. Nevertheless, the court held that the subsequent correction did not invalidate the original designation.

The judges determined that the Commission’s decision had to be assessed according to the facts, applicable law and permissible evidence available when the decision was taken.

The ruling therefore does not establish that Stripchat currently exceeds 45 million monthly users. It confirms that the later recalculation was insufficient to annul the Commission’s December 2023 decision.

A significant precedent for digital regulation

The consequences extend beyond one adult entertainment website.

The Digital Services Act covers online intermediaries operating in the European market, including social networks, marketplaces, hosting services and other platforms.

Its obligations increase according to the size and nature of a company’s operations. Very large online platforms must assess systemic risks associated with their services, introduce appropriate mitigation measures and submit to independent audits.

The Commission is responsible for supervising their additional obligations and can impose substantial financial penalties for established infringements.

The distinction between the two categories can therefore have considerable financial and operational consequences.

Companies falling below the 45 million threshold remain subject to relevant DSA obligations but do not face the same additional requirements imposed on the largest platforms.

The General Court’s ruling confirms that companies cannot escape designation by applying an unreliable interpretation of website traffic data.

At the same time, the Commission’s published supervisory framework allows a designation to be revoked when a platform remains below the threshold for a full year.

European technology enforcement faces growing scrutiny

The judgment comes as the Commission faces multiple legal challenges to its enforcement of Europe’s digital legislation.

As EU Today previously reported, Washington has sought to intervene in proceedings concerning the Commission’s €120 million Digital Services Act fine against X, introducing an additional diplomatic dimension to European regulatory disputes.

The Commission is also pursuing separate investigations into whether major platforms comply with obligations concerning the protection of minors, advertising transparency and the management of illegal content.

In another case examined by EU Today, Brussels reached preliminary findings concerning TikTok’s default privacy settings for children, illustrating the practical consequences of the stricter duties imposed on very large online platforms.

The Stripchat judgment concerns designation rather than a finding that the company breached any substantive safety obligation. Its immediate consequence is to preserve the Commission’s original classification decision.

Technius may still appeal to the Court of Justice of the European Union on points of law within two months and ten days of notification of the judgment.

For European regulators, the decision provides judicial support for using established commercial analytics when assessing the reach of online platforms, provided that the methodology is adequately explained and the underlying evidence is reliable.

For technology companies, it confirms that the legal assessment of user numbers extends beyond the figures they choose to report to Brussels. The Commission can scrutinise those calculations and reject methods that fail to provide a reliable estimate of an online service’s European audience.

Ukraine’s Navy says it hit six Su-34 bombers at a Russian airbase with Neptune missiles—the jets that drop glide bombs on Ukrainian towns (updated)

15 October 2026 at 09:54

borisoglebsk

Ukraine’s Navy hit six Su-34M bombers at Russia’s Borisoglebsk military airfield in Voronezh Oblast with Neptune missiles overnight into 15 October, the Navy said. Residents filmed a large fire at the base after a missile alert, and the Navy’s count has not been independently confirmed. The facility is about 400 km from the frontline.

Glide bombs are now central to how Russia’s army fights, used to pin down Ukrainian defenders, including drone teams, before small infantry groups move in. They also hit frontline cities and the civilians who live in them.

Six bombers and flight equipment hit, the Navy says

The Neptune coastal missile system also hit technical equipment that supports flights, the Navy said. It recorded secondary detonations and a fire on the airfield and said details were still being clarified.

The Su-34M can carry several guided and high-explosive aerial bombs at once, along with missiles, the Navy noted. It called the jet one of Russia’s key tools for glide-bomb strikes on Ukrainian positions and frontline towns. In September, a Ukrainian Neptune missile reached a Russian warship at its own pier.

Smoke over Borisoglebsk during the fire at the military airfield, 14 October 2026.
Smoke over Borisoglebsk in Voronezh Oblast, Russia, during the fire at the town’s military airfield, 14 October 2026. Photo: Supernova+/Telegram

Fire over the airfield late on 14 October

Voronezh Oblast Governor Aleksandr Gusev declared a missile alert across the region shortly before 22:00 local time on 14 October. Within an hour, Ukrainian monitoring channel Exilenova+ reported explosions and a fire, preliminarily at the Borisoglebsk airfield. It later wrote that the airfield had come under missile attack and a fire was burning there. Ukrainian monitoring channel Supernova+ posted footage from the town showing the blaze.

A large fire is raging at the site of the missile strike. https://t.co/l4aqVvNJIg pic.twitter.com/JYjhM57GYh

— Exilenova+ (@Exilenova_plus) October 14, 2026

On the morning of 15 October, Gusev claimed that 33 drones and several jet-powered aerial targets had been downed over the oblast overnight. He did not mention the airfield.

A base Ukraine has hit before

The airfield hosts the 783rd training aviation center and units of the 105th composite aviation division of Russia’s Aerospace Forces, which flies Su-34, Su-35S, and Su-30SM jets, Ukrainian defense outlet Militarnyi reported. In summer 2026, it had no permanently based combat jets, and Russia used it mainly as a stopover to refuel and rearm aircraft striking Ukraine, the outlet said, citing satellite observation.

Ukrainian drones hit the airfield overnight on 8 July, starting a fire, and satellite images later showed its fuel and lubricants depot destroyed. Drones also attacked the base’s pilot training center in July 2025.

The same night, Ryazan Oblast Governor Pavel Malkov reported a fire at an oil refinery in Ryazan. It came as Ukrainian President Volodymyr Zelenskyy said Ukraine was resuming strikes on Russian refineries.

Update: Satellite imagery confirms the strike

New satellite images show damage at Borisoglebsk airbase and six Su-34 bombers positioned in the affected area two days earlier, although the extent of the aircraft losses remains unconfirmed.

Satellite image shows the aftermath of Ukraine's strike on Borisoglebsk airbase in Russia's Voronezh Oblast on 15 October 2026. Image: Airbus Defence and Space / AviVector.
Satellite image from 13 October shows six Russian Su-34 fighter-bombers parked in the area later struck at Borisoglebsk airbase. Image: Exilenova+.

The monitoring channel Exilenova+ reports that 4 airframes were completely destroyed, while 2 others sustained significant damage.

Germany Protects Deutsche Börse as EU Ministers Agree Reduced Financial Supervision Reform

14 October 2026 at 20:05

EU finance ministers have approved a compromise that would expand the European Securities and Markets Authority’s powers while exempting some major trading venues from centralised oversight. The agreement reflects continuing resistance to transferring financial supervision from national authorities to Brussels.

European Union finance ministers have reached an agreement to expand centralised supervision of financial markets, but Germany has secured provisions allowing important parts of Deutsche Börse to remain under national oversight, substantially narrowing the European Commission’s original reform proposals.

The compromise, agreed at a meeting in Luxembourg on 9 October, would transfer responsibility for supervising selected trading venues, clearing houses and securities settlement institutions to the European Securities and Markets Authority (ESMA).

However, the agreement introduces exemptions and thresholds that reduce the number of institutions automatically subject to direct European supervision.

The result is a significant political compromise between governments seeking deeper financial integration and those reluctant to surrender oversight of nationally important market operators.

Berlin secures its exemption

The most contentious element of the negotiations concerned Deutsche Börse, the German financial-market group that operates the Frankfurt stock exchange and provides trading, clearing and other financial infrastructure services.

Germany opposed arrangements that would place all major market operators under direct ESMA supervision, arguing that institutions with predominantly domestic activities should continue to be regulated nationally.

The agreed compromise refines the criteria for determining which trading venues qualify for centralised oversight.

These conditions allow certain Deutsche Börse operations to remain outside the new supervisory regime.

The exemption had already become a point of contention during negotiations among European governments.

As EU Today reported in June, Berlin had sought to protect Deutsche Börse from mandatory European supervision despite Germany’s broader support for integrating EU capital markets.

The October agreement formalises a narrower approach within the Council’s negotiating position, although the legislation remains subject to approval by the European Parliament.

Europe’s fragmented financial markets

The European Commission has repeatedly argued that fragmented national supervision weakens the EU’s ability to compete with financial markets in the United States.

Although the Union operates a single market, many financial institutions continue to face differing regulatory interpretations, procedures and supervisory relationships across member states.

These differences can increase operating costs and discourage financial businesses from expanding across borders.

The Market Integration and Supervision Package is intended to simplify those arrangements and strengthen common oversight of financial infrastructure with significant cross-border activity.

Under the Council’s position, ESMA would assume direct supervision of selected trading platforms and institutions involved in clearing and securities settlement.

Such institutions perform essential functions in financial markets, including managing transactions, transferring securities and controlling risks between counterparties.

Differences in supervisory arrangements can complicate the operation of financial services that increasingly function across national borders.

The Commission argues that greater consistency would allow European capital to move more efficiently between member states and provide businesses with improved access to investment.

Compromise reduces original ambitions

The Commission’s original approach envisaged broader centralisation of supervisory responsibilities.

The Council agreement of 9 October introduces more restrictive criteria governing the institutions that would fall under ESMA’s direct authority.

In addition to the treatment of trading venues, ministers agreed that direct supervision of crypto-asset service providers should initially concentrate on businesses with the most significant cross-border operations.

The Council also supported changes to ESMA’s governance arrangements, including the creation of a full-time executive board.

The proposed board would strengthen the authority’s ability to make supervisory decisions independently of individual national regulators, while preserving mechanisms for cooperation with those authorities.

The compromise also introduces arrangements allowing national supervisors collectively to challenge certain decisions.

These provisions reflect concerns about concentrating regulatory powers within an institution that must oversee financial businesses operating under different national legal systems.

Why capital markets matter for European investment

The supervision reforms form part of the EU’s broader Savings and Investments Union initiative.

European policymakers want to increase the availability of private capital for companies investing in technology, defence, infrastructure and industrial development.

The Union has substantial household savings, but much of that money remains in bank deposits or is invested outside the European economy.

Companies seeking capital for expansion may consequently face higher financing costs or more limited investment opportunities than comparable businesses operating in larger and more integrated markets.

The Commission’s Savings and Investments Union programme seeks to improve access to finance and make cross-border investment more attractive.

Financial-market supervision represents only one element of that programme.

Differences in taxation, insolvency law, national investment products and corporate governance requirements also influence where investors allocate their money.

Nevertheless, regulators regard consistent supervision as an important condition for reducing fragmentation.

Parliament faces a political decision

The agreement reached by finance ministers does not conclude the legislative process.

The European Parliament must adopt its position before negotiations can determine the final provisions.

Parliamentary discussions could revisit the exemptions secured by Germany and the criteria determining which institutions fall under direct ESMA supervision.

The debate will expose differences over whether European financial integration should proceed through incremental reforms or a more substantial transfer of regulatory authority.

Governments supporting national exemptions argue that supervision should reflect the actual geographic scope of a company’s activities.

Supporters of broader European oversight contend that major trading businesses can influence financial markets beyond their home jurisdictions even when individual operations appear predominantly domestic.

The Deutsche Börse exemption has become a prominent example of the conflict between those positions.

Europe’s largest economies broadly support the objective of deeper capital markets, but remain divided over the institutional powers needed to achieve it.

The final legislation will determine whether the expanded responsibilities granted to ESMA are sufficient to reduce fragmentation or leave important parts of Europe’s financial infrastructure operating under substantially different national supervisory systems.

Banished Celebrity Traitors Star Accuses Show of “Racial Bias”

13 October 2026 at 19:30

Myha’la Herrold, the Celebrity Traitors star banished on the show last week, has accused the reality TV programme of having "unconscious racial and cultural bias" in its format.

The post Banished Celebrity Traitors Star Accuses Show of “Racial Bias” appeared first on The Daily Sceptic.

Pakistan to sign long-delayed refinery deals unlocking more than $6 billion in planned upgrades

2 September 2026 at 07:20

ISLAMABAD: Pakistan is set to sign long-delayed agreements with five oil refineries, unlocking more than $6 billion in planned upgrades to modernize aging plants and cut reliance on fuel imports, officials said. But industry warnings that changes to the financial framework could derail the projects overshadowed the announcement. The agreements with Pak-Arab Refinery Ltd., Pakistan ... Read more

The post Pakistan to sign long-delayed refinery deals unlocking more than $6 billion in planned upgrades appeared first on BOL News.

What Would It Mean to See a New Color?

6 August 2026 at 12:00

Ready to test your knowledge of hue, value, and saturation? Rivka Galchen’s latest for The New Yorker is a trove of fascinating details about our understanding of color. Galchen opens with the buzziest tidbit: an experiment conducted by a vision scientist who used a laser to stimulate a selection of his own cone cells and glimpse a color unknown outside of his laboratory. From there, she roams—through philosophy and art history, from studios to pigment shops—complicating our understanding of perception with each new turn of her titular question.

In the children’s novel “The Midnight Fox,” by Betsy Byars, the main character daydreams about digging in his back yard and coming across a “brand-new color.” A friend of mine remembers being captivated by this scene, and trying to picture the color. “I felt like I could conceive of it, but I couldn’t see it,” she said. The eighteenth-century Scottish philosopher David Hume considered at length whether a person who had seen every shade of blue except for one would be able to picture that one un-experienced shade; he concluded that the answer was yes. In my youth, I spent an afternoon wondering if I would have been able to imagine the fluorescent yellow of highlighter markers if I’d never seen it.

Johnny Knoxville, America’s God of Mischief

28 July 2026 at 12:00

What moves the star of Jackass to risk his life for our entertainment? This “very serious investigation” involves interviews with friends and family, a surf trip to Malibu, a gag with a fake raccoon, and a stop at In-N-Out:

He nosed the car into the drive-through line, drawing stares as he nosed—some for the vehicle, some for the driver. Mostly male stares. A teen-age boy stepped up to the passenger window and leaned in to take his order.

“One hamburger with tomato, lettuce, and mustard,” Knoxville said. “Fries, please. And a cup of water.”

“Onion?”

“No, sir.”

The teen-ager squinted. “You look familiar. Are you famous, by any chance?”

“Actually, completely by chance!” Knoxville improvised.

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