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In the past two years 2.8 million European internet identities have been registered, making .eu, at its second birthday, the fourth most popular top level domain in Europe and the ninth worldwide.

The European Commission has told Hungary to change tax laws which limit R&D tax exemptions to research carried out in the country.

After final political clearance Galileo can get set for lift off. Politicians have finally given the go-ahead after years of setbacks and delays. Now the horse trading over contracts begins.

UK biotech Phynova makes a business out of developing traditional medicines, but when it comes to raising money it is pioneering a new, low-cost route to American investors.