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Posts Tagged ‘Brussels’

EU to ban cars from cities by 2050

March 29, 2011 1 comment

telegraph

EU to ban cars from cities by 2050 

Top of the EU’s list to cut climate change emissions is a target of ‘zero’ for the number of petrol and diesel-driven cars and lorries in the EU’s future cities Photo: ALAMY

The European Commission on Monday unveiled a “single European transport area” aimed at enforcing “a profound shift in transport patterns for passengers” by 2050.

The plan also envisages an end to cheap holiday flights from Britain to southern Europe with a target that over 50 per cent of all journeys above 186 miles should be by rail.

Top of the EU’s list to cut climate change emissions is a target of “zero” for the number of petrol and diesel-driven cars and lorries in the EU’s future cities.

Siim Kallas, the EU transport commission, insisted that Brussels directives and new taxation of Read more…

Israeli military says new weapon shot down Gaza anti-tank rocket in first combat test

March 2, 2011 Comments off

canadianpress

JERUSALEM — A new Israeli weapons system knocked down a Palestinian anti-tank rocket in its first combat test Tuesday, the military said, showing off technology that could protect the heavy vehicles that have been the mainstay of the world’s ground forces for decades.

Palestinian militants said they fired a rocket-propelled grenade at an Israeli tank as it patrolled near the Gaza-Israel border, a frequent occurrence. This time, the “Trophy” system sensed the incoming rocket and fired its own projectile, blowing it up away from the tank, the military said.

Trophy is thought to be the only active defence system of its kind in the world. Up till now, tanks have relied on heavier and thicker armour plating to protect against more powerful anti-tank weapons.

Experts say the active defence concept, if it works consistently, could allow the construction of smaller, lighter and more efficient tanks.

The Israeli military did not make Read more…

German Bank Nears Purchase of NYSE

February 11, 2011 Comments off

Deutsche Boerse AG is in advanced talks to buy NYSE Euronext in an all-stock transaction that would create the world’s biggest exchange operator, accelerating a day of takeovers that began with London Stock Exchange Group Plc’s acquisition of Canada’s TMX Group Inc.

NYSE and Deutsche Boerse said they will produce 300 million euros ($410 million) in cost savings, according to a statement. Duncan Niederauer, New York-based NYSE Euronext’s chief executive officer, will hold the same job at the combined company. Frankfurt-based Reto Francioni, CEO of Deutsche Boerse, will be chairman. Deutsche Boerse will own about 59 percent to 60 percent of the joined corporation.

The combination, following a decade-long wave of mergers among exchange companies, would unite equity and derivatives platforms from the U.S. and Germany to France, the Netherlands and Portugal. Since 2000, there has been at least Read more…