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EnduroSat has ordered 100 electric propulsion systems from Austria's Enpulsion to meet the growing demand for larger spacecraft. The company plans to integrate these thrusters into its 6U and larger satellite platforms, enhancing operational life and maneuverability. The first 30 systems are expected to be delivered within the next year, with an initial batch arriving by year-end.
Raiffeisen Capital Management has reached an all-time high of nearly EUR 65 billion in assets under management, with a significant portion invested responsibly. The fund savings segment in Central and Eastern Europe (CEE) is rapidly growing, reflecting broader societal engagement in capital markets. Forecasts indicate strong growth potential in CEE, with local assets expected to surpass those of Austria by 2028.
Control of the EU's single market and industrial briefs has predominantly been held by larger member states like France, Germany, Italy, and Poland since 2004, reflecting their influence in EU lawmaking. France, in particular, has strategically positioned itself to dominate these roles, raising concerns among other nations about potential protectionism. Smaller countries often receive less influential portfolios, leading to frustrations over perceived imbalances in power within the European Commission.
Austria has signaled support for Romania and Bulgaria's entry into the EU's Schengen free-travel zone, with a decision expected on December 12. Despite previous objections over migration control, recent discussions indicate a potential start date of January 1, contingent on continued efforts to manage irregular migration. Romanian Prime Minister Marcel Ciolacu emphasized the economic benefits of full Schengen membership, while officials noted a significant decrease in migrant arrivals.
A €103 million funding package has been secured for a 237.6 MW solar plant in southeastern Bulgaria, marking the first renewable energy project over 100 MW to operate without a support scheme. The investment, led by the EBRD and Raiffeisen Bank International, will enable the plant to generate over 300 GWh of electricity annually. Plans are also in place to add 250 MW of energy storage on site, contributing to Bulgaria's goal of achieving 34.7% renewable energy in its electricity consumption by 2030.
Hungary has expressed concerns that US sanctions on Gazprombank threaten the energy security of Central Europe, potentially increasing the risk of a Russian gas cutoff. Foreign Minister Peter Szijjarto described the sanctions as an "attack on our sovereignty" and is consulting with energy ministers from Turkey, Azerbaijan, Bulgaria, and Serbia in Istanbul.
China's extensive surveillance system has led to a black market where insiders sell access to citizens' private data, often for cryptocurrency. Researchers from SpyCloud reveal that government employees are tempted by lucrative side hustles, selling sensitive information like banking details and personal records. This exploitation highlights the pervasive corruption within China's security services, where data collected for state monitoring is repurposed for profit.
Boeing Company, the leading aircraft manufacturer globally, generates 43.5% of its sales from commercial aviation, 32% from defense, space, and security, and 24.5% from various services. Geographically, 58.4% of sales come from the United States, followed by Europe (13.5%) and Asia (12.9%).
Former U.S. President Donald Trump's return to office may shift focus back to NATO members' defense spending, as he has previously criticized European allies for inadequate contributions. Currently, two-thirds of NATO allies meet the 2% GDP defense spending commitment, with Poland leading at 4.12% in 2024.
Ekaterina Zaharieva, Bulgaria's nominee for the European Commissioner for startups, research, and innovation, is set to face rigorous questioning in Brussels. As the only country to nominate both a man and a woman for the role, Bulgaria's choice reflects a commitment to gender balance. Zaharieva's plans to enhance innovation, attract investors, and address the EU Life Sciences Strategy will be closely scrutinized, particularly by the pharmaceutical sector.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
endurosat orders 100 electric propulsion systems to enhance satellite capabilities
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austria supports romania and bulgaria joining eu free travel zone
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funding secured for 237.6 MW solar plant in bulgaria
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insiders profit from selling surveillance data in china's black market
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12:30 21.11.2024
Boeing's Market Breakdown Highlights Strong Performance in Aviation and Defense
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10:42 07.11.2024
Trump's election win may shift focus to NATO defense spending
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19:42 06.11.2024
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