The European Commission has proposed a new EU Space Act to create a unified and competitive single market for space services and data, in a move to strengthen Europe’s position in the rapidly growing global space sector.
The regulation, presented on Wednesday (25 June), seeks to streamline fragmented national rules, ensure fair competition, and protect EU space infrastructure, while offering targeted support for small and medium-sized enterprises across the space industry.
“This fragmentation is bad for business, bad for competitiveness, bad for our future in space,” said EU Commissioner for Defence and Space Andrius Kubilius, calling the initiative essential to securing Europe’s economic and strategic interests in space.
“The Space Act will allow us to grow in space. And growth in space means growth and jobs on Earth and in space,” he added.
The plan would apply to both EU and non-EU commercial operators, though it excludes military space activities.
The move comes as Europe faces growing pressure to catch up with major players like the U.S. and China, which have scaled up both public and private investment in space technologies.
The global space economy, valued at €572 billion ($668 billion) in 2023, is forecast to nearly triple by 2035, potentially reaching €1.6 trillion ($1.87 trillion), according to the Commission.
Nobel Prize-winning scientist James Watson, who co-discovered the DNA double-helix structure, has died at 97, his former research lab confirmed....
Major U.S. airports are cutting flights and facing delays as the government shutdown continues to affect air traffic control staffing, raising concern...
Kendrick Lamar and Lady Gaga lead the 2026 Grammy nominations, while K-Pop enters the Song of the Year category for the first time in the award’s hi...
The United States has lifted sanctions on Syrian President Ahmed al-Sharaa ahead of his planned visit to the White House next week. The move follows a...
Serbia's parliament passed a law on Friday designed to accelerate the development of a luxury complex in Belgrade, leased to an investment company fou...
Tensions between Brussels and Tbilisi are deepening following the European Commission’s latest enlargement report, which delivers one of the most critical assessments of Georgia’s progress toward European integration in recent years.
Dutch smartphone maker Fairphone is entering the U.S. market, betting on growing demand for repairable and sustainable devices as right-to-repair legislation gains traction, according to Reuters.
President Recep Tayyip Erdoğan has announced a major acceleration in Türkiye’s defence ambitions, pledging to move forward rapidly with homegrown projects and strengthen cooperation with Europe.
Russia said on Monday that its troops had advanced in the eastern Ukrainian city of Pokrovsk, a transport and logistics hub that they have been trying to capture for over a year, but Ukraine said its forces were holding on.
Kendrick Lamar and Lady Gaga lead the 2026 Grammy nominations, while K-Pop enters the Song of the Year category for the first time in the award’s history.
Israel launched airstrikes on southern Lebanon after ordering evacuations, accusing Hezbollah of rebuilding its forces despite a year-old ceasefire, as Lebanon and the United Nations warned of renewed border tensions.
U.S. President Donald Trump personally urged Chinese leader Xi Jinping to release imprisoned Hong Kong media tycoon Jimmy Lai during their meeting in South Korea last week, according to three individuals briefed on the discussions and a U.S. administration official.
U.S. Senate Republicans have blocked a resolution that would have barred President Donald Trump from launching military action against Venezuela without congressional approval, despite growing concern over recent U.S. strikes in the southern Caribbean.
The driver who rammed his car into a crowd in western France on Wednesday is suspected of "self-radicalisation" and had "explicit religious references" at home, the country's Interior Minister Laurent Nunez said on Thursday.
Nobel Prize-winning scientist James Watson, who co-discovered the DNA double-helix structure, has died at 97, his former research lab confirmed.
As competition over artificial intelligence intensifies, U.S. tech leaders are warning that China’s rapid state-backed progress could soon outpace the West, raising concerns that America is losing its technological edge.
India has launched its heaviest-ever communications satellite, GSAT-7R, designed to boost the Indian Navy’s maritime operations and secure space-based communications.
Nvidia has announced a major partnership with the South Korean government and top companies to strengthen the country’s artificial intelligence capabilities by supplying hundreds of thousands of its advanced GPUs.
Character.AI will ban under-18s from chatting with its AI characters and introduce time limits, following lawsuits alleging the platform contributed to a teenager’s death.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment