Europe moves step closer to have its own U.S.’ GPS equivalent
The European Space Agency's (ESA's) recently launched environmental satellite called "Sentinel-1A" ) is a part of the Copernicus Programme that aims to provide accurate, timely and easily accessible information to enhance the management of environment, understand & mitigate the impacts of climate change, as well as to ensure civil security.
The Copernicus Programme is a joint initiative by ESA and the European Commission (EC), and the successful deployment of the Sentinel-1A satellite is the first major step in a series of planned missions under this programme.
ESA Director General Jean-Jacques Dordain said, "Sentinel-1A opens a new page in the implementation of Copernicus.. The Copernicus Programme will provide European citizens with the most ambitious space-based services in the world for environmental and security applications."
Sentinel-1A is one of the two satellites that will make system that will provide uninterrupted imagery of land as well as water surfaces of Europe, Canada as well as the polar caps with a very short time-lag through C-band radar. The recently launched satellite will be joined by Sentinel-1B in the future.
The Copernicus Programme, which has a budget of 8.4 billion euro, is going to be Europe's version of the United States' Global Positioning System (GPS). India, on last Friday, launched IRNSS 1-B satellite - the second of seven satellites that the Asian country has planned to launch to crate its own version of the US' GPS. Russia and China already have their own GPS-equivalents called GLONASS and Beidou, respectively.
European markets closed strong on Friday as technology and financial services stocks helped market sentiment. European stocks traded lower earlier during the week due to political crisis in Spain due to Catalonia referendum.
Domino's Pizza has acquired Hallo Pizza, the largest independent pizza chain in Germany. With acquisition of Hallo Pizza, Domino’s has become the largest pizza chain in Germany with more than 370 stores across the country.
The People’s Party (ÖVP) has won the parliamentary elections and 31-year-old leader Sebastian Kurz would be the youngest national leader in Europe. Kurz will be having a tough task of dealing with European leadership.
IBM is using blockchain for improving speed and security for cross-border transactions. The solution offered by IBM is focused on banking sector.
Tesla Motors has fired hundreds of employees after annual performance review. The company confirmed the move but the management hasn’t mentioned the exact number of employees fired during the current performance review.
Tesla Motors has announced recall of 11,000 Model X vehicles to fix a seat cable issue. The voluntary recall involves Model X SUVs manufactured between October 28, 2016 and August 16, 2017.