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European space authorities have completed an important step toward enlarging the bloc’s leading satellite communication system following extensive negotiations in Brussels over the past months. The European Commission officially announced the signing of a contract to expand IRIS2 satellite constellation through a binding implementation agreement with the SpaceRISE industrial consortium. This formal agreement marks the culmination of detailed technical and financial discussions that began in January 2026, marking the transition of the Infrastructure for Resilience, Interconnectivity and Security by Satellite program from initial planning to full industrial deployment.
South Korea’s current account surplus reached a record $49.73 billion in June as semiconductor exports surged. The Bank of Korea reported a sharp increase from the previous record of $38.61 billion in May. June also extended the country’s current account surplus streak to 38 consecutive months. Strong goods exports accounted for most of the increase, with technology shipments leading the expansion in overseas sales.
In July, manufacturing activity within the Eurozone experienced a boost, with factory output reaching its fastest rate in nearly four and a half years. The S&P Global manufacturing PMI increased to 51.9 from 51.4 in June. Readings above 50 indicate expansion. The final figure was slightly below the earlier estimate of 52.0. While production saw an uptick at the start of the third quarter, demand indicators revealed that the recovery was still uneven across the currency bloc.
During the high-level meeting in Bratislava, both leaders reaffirmed their shared dedication to advancing bilateral relations and establishing long-term economic and development collaborations. They focused on leveraging emerging opportunities in industrial sectors, digital innovation, and sustainable infrastructure to open new pathways for trade and investment. The talks highlighted the strategic alignment between the United Arab Emirates and the Slovak Republic in supporting economic diversification, technology transfer, and knowledge-sharing efforts designed to promote sustainable growth for both countries.
According to a detailed report published by the European Union research agency Eurofound, the EU is on track to miss its Digital Decade goal of employing 20 million information and communications technology experts by 2030. Confirmed by official statements from Emirates News Agency, despite ongoing multi-year employment growth across the regional tech sector, the EU is projected to fall short of this ICT target by 5 million workers. The report, titled IT Sector in Focus: Evolution of the EU Digital Workforce, indicates that most European member states’ primary and vocational education systems are not keeping pace with current and anticipated industry demands for specialized digital skills.
Lawmakers must close the crypto conflict of interest loopholes or scrap the CLARITY Act, ethics watchdogs tell Congress today. The post Senate crypto bill faces pushback over conflict of interest rules appeared first on Gulf Daily Report: The Gulf’s daily news, fully reported..