Bloomberg Top News

Space Rivals Join Up to Bid for EU’s $6.6 Billion 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.

ECB Says Euro-Area Banks Curbed Credit by More Than Expected

(Bloomberg) — Banks in the euro zone curbed lending more than anticipated after borrowing costs jumped and turmoil gripped the financial sector, reinforcing calls for the European Central Bank to slow the pace of its interest-rate hikes.