EU monies 'should fund Galileo'
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The European Commission will set out proposals to get the Galileo satellite navigation system back on track.
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South Korea has made good on a promise to cooperate with the European Union on the latter'sÂ Galileo satellite navigation system.
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Novel ideas that exploit the pin-point accuracy of Europe's soon-to-launch Galileo system are being sought.
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(InfoWorld) - South Korea has made good on a promise to cooperate with the European Union on the latter'sÂ Galileo satellite navigation system. The two signed an agreement in Helsinki Monday that opens the door to South Korea's active participation in the program. The Asian nation could work with the EU on several areas including scientific research and training, industrial cooperation, trade and market development, standards, certification, and regulatory measures, the two parties said in a statement. Galileo is a EU-backed satellite navigation system that will provide a higher grade of service than the U.S. government's GPS (global positioning system). The EU has developed the system for commercial applications, unlike GPS which was developed primarily for military applications and doesn't come with any guarantee of continued availability for civilian use. Galileo will transmit signals that are compatible with GPS. A number of non-EU nations have signed on to the program. Cooperation agreements have been concluded with China, Israel, the U.S., Ukraine, India, and Morocco and others are in preparation, the EC said in June. Â
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European Union finance ministers considered the ever-strengthening euro against the dollar Monday amid appeals for Washington to rein in its budget and current account deficits to stop the slide of the US currency.
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The UK government is to invest an extra Â£21m in Europe's civil satellite navigation system.
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As European Union governments consider how to get the problem-plagued Galileo satellite navigation system into orbit, one EU official who has been there has simple advice &#151; do it fast, or else the Chinese will steal the show.
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EU transport ministers agree to deploy the multi-billion-euro Galileo satellite navigation system for operations starting from 2008.
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The European Space Agency says it has awarded a contract to a British satellite firm to help safeguard frequencies allotted to the Galileo satellite navigation system.
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A 54bn-euro (Â£36bn) plan to boost science research in Europe is set to go before the EU Parliament for approval.
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European ministers conceded failure  on Friday in their search for private funding for the  struggling Galileo satellite navigation system and said they  would have to cough up more cash from public coffers.
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European Union ministers met Friday to consider how to salvage the project to build a satellite navigation system that would rival the U.S.-run GPS system.
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Europe's proposed multibillion-dollar Galileo satellite navigation project could be salvaged with the help of unspent EU funds and without additional taxpayer money, the European Commission said Wednesday.
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A contract is signed that will lead to the building of the first four spacecraft in Europe's multi-billion-euro satellite-navigation network.
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EU Economic and Monetary Affairs Commissioner Joaquin Almunia said on Monday that foreign state-backed investment funds are a great opportunity although they have to increase transparency on their investments.
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This fund combines the Pacific Rim and Europe.
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The US National Institutes of Health invests $28bn annually in research. European spending is lower, although the European Union is closing the gap, helped by a shortsighted American policy of &quot;flatlining&quot; many scientific research budgets. (Perhaps this is because scientists have an annoying tendency to discuss things that conflict with the Bush administration&#39;s view of reality, such as global warming, evolution, the insufficiency of the New Orleans levee system and the medical potential of stem cells.)