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Galileo crash leaves Commission red-faced

The timing couldn’t have been worse. As the European Commission announces two new public/private research partnerships, it admits that its flagship partnership project - the ambitious Galileo satellite system - has crashed and burned.

Russia names managers for government VC fund

Russia’s economics minister, German Gref, has announced the name of the three companies selected to manage the funds of the Russian Venture Company, set up by the government to diversify the economy away from commodities and invest in high-tech projects.