Bloomberg Business

Space Rivals Join to Bid for $6.6 Billion EU Satellite Plan

Europe’s top satellite and aerospace companies have teamed up to bid for the European Union’s €6 billion ($6.6 billion) satellite project known as IRIS², aimed at beaming internet across the continent and giving the bloc its own fleet to keep up with constellations deployed by governments and businesses around the world.

Turkey Asks Banks to Limit Non-Urgent Dollar Sales to Firms

Turkey’s central bank asked lenders to limit dollar sales to companies that don’t have urgent payments and to prioritize meeting demand from special government-backed lira deposits, according to people with direct knowledge of the matter.