Connect with us

World

Who is Europe's top investor in space in 2023?

Published

on

Who is Europe's top investor in space in 2023?

Luxembourg remains Europe’s top investor in space in a year when defence spending on space exceeded civil space budgets for the first time since the 1990s.

ADVERTISEMENT

Global public investment in space hit a record high of €106 billion in 2023, an 11% increase compared to 2022.

In Europe, the total funding was €11.9 billion, showing a modest 1% rise in its share of global space investment.

According to the European Space Agency, defence spending on space exceeded civil space budgets last year for the first time since the 1990s. Defence expenditures in space are projected to grow faster than civil spending, making up 53% of the budget in 2024.

The US continues to dominate global space investment, accounting for 64% of the total budget, while China holds a strong second place, growing its share from an estimated 2% in 2000 to 12% in 2023 through long-term programmes in both civil and defence.

Europe ranks third, contributing 11% of the global space budget in 2023.

Advertisement

What share of their GDP do EU countries spend on public space budgets?

Luxembourg remains Europe’s leading investor in space, dedicating 0.135% of its Gross Domestic Product (GDP) to the sector.

Globally, the country ranks third behind the US (0.262%) and Russia (0.169%).

In Europe, Luxembourg is followed by France, which invests 0.167% of its GDP, Italy at 0.103%, and Belgium at 0.095%.

On the other hand, private investment in space has continued to decline in 2023, dropping by 32% compared to 2022.

Europe also saw a 14% decrease in 2023 compared to the year before, with private space ventures receiving just below €980 million. 

Advertisement

Although the US accounts for most of the global decline in 2023, its space sector continues to attract the largest share of investments at 60%, followed by Europe with 16% and China with 9%. 

What was the state of space activity in 2023?

There were 221 orbital launches in 2023, an 18% increase compared to 2022.

Yet, a total of 212 launches were successful. 

The US carried out more than half of the launches, with 96 of them conducted by SpaceX.

China accounted for 30% with 67 launches, a 5% increase from 2022, and Russia completed 19 launches.

Advertisement
ADVERTISEMENT

The European launch service provider conducted three launches in 2023, including Europe’s first mission to Jupiter, which aimed to explore whether the planet’s three moons — Callisto, Europa, and Ganymede — could support life in their oceans.

Video editor • Mert Can Yilmaz

World

2 people killed in collision between jet and vehicle at New York’s LaGuardia Airport, source says

Published

on

2 people killed in collision between jet and vehicle at New York’s LaGuardia Airport, source says

NEW YORK (AP) — An Air Canada regional jet struck a fire truck on the runway after landing at New York’s LaGuardia Airport late Sunday night, crushing the nose of the plane, according to authorities and photos of the wreckage.

Two people were killed, according to a person familiar with the investigation into the crash. The person spoke to The Associated Press on condition of anonymity because they were not authorized to discuss an active investigation.

Two Port Authority employees who were traveling in the fire truck also were injured, the person said.

There were 72 passengers and four crew members aboard the aircraft, a Jazz Aviation flight operating on behalf of Air Canada, according to a statement from the airline. The flight originated at Montréal-Pierre Elliott Trudeau International Airport, the major airport serving Montreal.

The Port Authority of New York and New Jersey said in a statement that the jet had struck a rescue and firefighting vehicle that was responding to a separate incident at about 11:45 p.m. The airport was closed as of 3 a.m. to facilitate the investigation, officials said.

Advertisement

Photos and videos from the scene showed severe damage to the front of the aircraft, with cables and debris hanging from a mangled cockpit. Nearby, a damaged emergency vehicle lay on its side.

Stairways used to evacuate passengers from aircraft were pushed up to the emergency exits on the jet, a Bombardier CRJ. The impact left the jet with its crumpled nose tilted upward.

In the moments before the crash, an air traffic controller could be heard on a radio transmission giving clearance to a vehicle to cross part of the tarmac, then trying to stop it.

“Stop, Truck 1. Stop,” the transmission says. The controller can then be heard frantically diverting incoming aircraft from landing.

Jazz Aviation issued a statement confirming the accident and noting the passenger and crew list was preliminary and subject to confirmation.

Advertisement

The National Transportation Safety Board said it was investigating the incident.

Continue Reading

World

Trump, Starmer agree Strait of Hormuz must reopen as Middle East conflict escalates

Published

on

Trump, Starmer agree Strait of Hormuz must reopen as Middle East conflict escalates

NEWYou can now listen to Fox News articles!

President Donald Trump spoke with British Prime Minister Keir Starmer on Sunday to discuss escalating tensions in the Middle East, with a focus on the urgent need to reopen the Strait of Hormuz and restore global shipping.

The leaders discussed the current situation in the Middle East, and in particular, the need to reopen the Strait of Hormuz to resume global shipping, Downing Street said in a statement.

STEALTH BOMBERS LANDING AT UK BASES ‘IN DAYS’ AFTER TRUMP PRESSURES STARMER: REPORT

Keir Stamer, UK prime minister, during a news conference providing an update on the situation in the Middle East, at Downing Street in London, UK, on Thursday, March 5, 2026.  (Tolga Akmen/EPA/Bloomberg via Getty Images)

Advertisement

“They agreed that reopening the Strait of Hormuz was essential to ensure stability in the global energy market. They agreed to speak again soon.”

The call came amid a rapidly intensifying conflict in the region, with Iran blocking the strategically vital strait since the United States and Israel launched coordinated strikes against Iranian targets on Feb. 28.

The military action triggered swift retaliation from Tehran and has since escalated into a broader regional war as Iran has sent missiles into numerous neighboring countries not directly involved in the initial conflict.

UK NUCLEAR SUBMARINE DEPLOYED TO ARABIAN SEA BEFORE IRAN TARGETS KEY US-UK BASE: REPORTS

President Donald Trump takes questions from reporters during a meeting with Irish Prime Minister Micheál Martin in the Oval Office of the White House, on St. Patrick’s Day, Tuesday, March 17, 2026, in Washington.  (AP Photo/Alex Brandon)

Advertisement

On March 21, Trump issued a 48-hour ultimatum to Iran demanding the reopening of the key maritime route, through which approximately 20% of the world’s oil supply passes.

In a post on Truth Social, Trump warned that failure to comply would result in further U.S. action, including potential strikes on Iran’s energy infrastructure.

EU PUSHES FOR END OF IRAN WAR IN A MANNER WHERE ‘EVERYBODY SAVES FACE’

Bulk Carrier, Belray, in the Gulf, near the Strait of Hormuz on March 22, 2026 in northern Ras al Khaimah, United Arab Emirates. (Getty Images/Getty Images)

Sunday’s conversation between Trump and Starmer perhaps reflected a thaw in the tense relationship between the two leaders.

Advertisement

Trump had publicly criticized the U.K. government, stating that Britain “should have acted a lot faster” in allowing the U.S. to use British military bases for strikes targeting Iranian missile sites.

Starmer had also maintained that the use of U.K. bases could only be justified under the principle of “collective self-defense” in the region.

He had initially declined to support the U.S.-Israeli military operation, drawing repeated criticism from the White House.

CLICK HERE TO DOWNLOAD THE FOX NEWS APP

Meanwhile, Trump appeared to apply public pressure, sharing a “Saturday Night Live” clip Sunday mocking the British prime minister’s handling of the crisis.

Advertisement

Continue Reading

World

French elections: Paris stays left as far right makes mixed gains

Published

on

French elections: Paris stays left as far right makes mixed gains

France’s municipal runoff delivered a mixed verdict for the country’s main political forces on Sunday: the Left held Paris with Socialist Emmanuel Grégoire, the far-right and its allies scored a major symbolic win in Nice, and mainstream parties pointed to resilience in several big and mid-sized cities ahead of the 2027 presidential race.

ADVERTISEMENT


ADVERTISEMENT

Municipal elections in France are local contests to elect mayors and local councils, but they are closely watched because they test party organisation, alliance-building, and grassroots strength before national campaigns begin.

In the capital, Socialist Emmanuel Grégoire defeated conservative rival Rachida Dati, ensuring Paris remains under left-wing control after outgoing mayor Anne Hidalgo chose not to seek another term.

The result extends a quarter-century of left-led rule of the capital and hands to the Socialists one of the most visible prizes of the night. Grégoire presented the result as a mandate for a progressive vision of the city.

Advertisement

Elsewhere, the left also had reasons to celebrate. In Marseille, Socialist incumbent Benoît Payan was re-elected after the far right had hoped to seize France’s second-largest city.

While in Lyon, Green mayor Grégory Doucet held on after a hard-fought race against his conservative rival, which was reshaped by a last-minute merger with the list of hard-left party France Unbowed.

Socialists record strong showing

The Socialists also held or performed strongly in several regional cities, reinforcing the impression of a broader recovery for the traditional left.

For the far right, the picture was more complex. National Rally (RN) leader Jordan Bardella hailed what he called the party’s biggest local breakthrough, and RN kept the southwestern city of Perpignan while also winning smaller municipalities.

But the party fell short in several of the larger cities it had targeted, notably Marseille, Toulon and Nîmes. The exception was Nice, where Éric Ciotti — once a senior figure in the mainstream right and now allied with RN — won the race, giving the far right and its partners control of France’s fifth-largest city.

Advertisement

The elections also brought clearer signs of fragmentation on the centre-right and in President Emmanuel Macron’s camp.

Former prime minister Édouard Philippe was re-elected in Le Havre, strengthening his standing as a possible 2027 contender, while Macron’s centrist forces could point to a symbolic win in Bordeaux, where Renaissance candidate Thomas Cazenave defeated outgoing Green mayor Pierre Hurmic.

At the same time, the loss of Macron’s former PM, François Bayrou, in southwestern Pau, underlined the vulnerabilities of the broader presidential alliance.

Turnout remained a concern. According to the Interior Ministry, participation in mainland France stood at 48.1% at 5 p.m., higher than the Covid-disrupted 2020 election but still below pre-pandemic levels.

Taken together, the results do not predict who will succeed Macron in 2027. But they do sketch the political landscape from which that contest will emerge: a left that can still win major cities, a mainstream right that remains locally entrenched, a centre searching for durable footholds, and a far right that is growing but may still face limits in the country’s biggest urban battlegrounds.

Advertisement
Continue Reading

Trending