Space firm to launch in Malta

China Daily (Hong Kong) - - BUSINESS -

Scot­tish “NewS­pace” com­pany Or­bital Ac­cess will soon open its head­quar­ters in Malta, hop­ing to pioneer the in­dus­try on the is­land na­tion, lo­cal pa­per The Malta In­de­pen­dent re­ported. NewS­pace refers to the new space sec­tor — as dis­tinct from the old space mis­sions with gov­ern­ment agen­cies launch­ing ver­ti­cal rock­ets — and the pri­vate space flight in­dus­try. Or­bital said satel­lites are launched into space on stan­dard air­planes, de­tach­ing from the air­craft at pre­set heights and con­tin­u­ing into space. The 400 bil­lion euro ($455.5 bil­lion) in­dus­try is one in which Malta is cur­rently not in­volved. Com- pany di­rec­tor Edmund Ar­ca­dian said the plan was to en­cour­age other com­pa­nies in the sec­tor to es­tab­lish busi­nesses in Malta, not only be­cause of the fi­nan­cial ser­vices Malta of­fers, but also the coun­try’s prime lo­ca­tion for launch­ing satel­lites. per­cent in May com­pared with the same pe­riod last year, na­tional sta­tis­tics agency IS­TAT re­ported on Tues­day. In­dus­trial pro­duc­tion rose 0.7 per­cent in May com­pared with April, by 0.2 per­cent in MarchMay com­pared with the pre­vi­ous quar­ter, and by 1.7 per­cent in the first five months of the year over the same pe­riod in 2016, IS­TAT said. “Yearly in­dus­trial pro­duc­tion +2.8 per­cent. Bet­ter than fore­cast. Growth will mean more jobs, less in­equal­ity,” tweeted Prime Min­is­ter Paolo Gen­tiloni. There was a marked rise in May pro­duc­tion of cap­i­tal goods, up 5.9 per­cent, fol­lowed by con­sumer goods up 2.5 per­cent, en­ergy up 1 per­cent, and in­ter­me­di­ate goods in­creas­ing 0.4 per­cent. The best-per­form­ing sec­tor was trans­porta­tion ve­hi­cle man­u­fac­tur­ing with a 7.3 per­cent growth and the worst-per­form­ing sec­tor was min­ing, drop­ping 18.8 per­cent, ac­cord­ing to IS­TAT. eral prom­ises to reach the 3 per­cent level or­dered by the Euro­pean Union. “We found 4.5 bil­lion eu­ros of sav­ings, to lower the deficit to un­der 3 per­cent from this year by re­duc­ing the state bud­get. Nei­ther lo­cal au­thor­i­ties nor so­cial se­cu­rity will be in­volved,” the min­is­ter added. In an “un­prece­dented” move, Dar­manin said the gov­ern­ment would squeeze pub­lic ex­pen­di­ture with­out in­creas­ing taxes and af­fect­ing pub­lic ser­vices.


A Uber boat rides along the coast near Split, Croa­tia, after ride-shar­ing app Uber an­nounced the de­but of UberBOAT on Mon­day, a pri­vate boat trans­fer ser­vice that makes the jour­ney along the Dal­ma­tian Coast eas­ier and more con­ve­nient than ever.

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