Europe is at an economic crossroads. Mario Draghi, the former head of the European Central Bank, has warned that the continent faces an “existential challenge” unless it can reverse decades of economic stagnation and flatlining productivity. In a 400-page report penned for the European Commission, the former Italian premier delivered a sombre message: without significant … Read more
By Angelique Coutantou, Forrest Crelin and Edward McAllister ATHENS/PARIS (Reuters) – Rent has always been high for Athens restaurant owner Christos Kapetanakis, but now he faces what he calls “second rent” as rising electricity bills cut into profits and force him to raise prices. Kapetanakis pays between 3,000 and 3,800 euros ($3,083-3,905) a month for … Read more
IRIS2, the European satellite communications program, is finally getting underway. The answer to Elon Musk’s Starlink and Jeff Bezos’ Kuiper is the SpaceRISE consortium. Two years after the launch of the project, the European Commission awarded the contract to build its mega satellite constellation to a consortium of satellite fleet operators: Eutelsat (France), SES (Luxembourg) … Read more