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Major UK business groups are urging Ofcom to extend the automatic compensation scheme for broadband outages to encompass all businesses. Market Watch

Major UK business groups are urging telecoms regulator Ofcom to extend the automatic compensation scheme for broadband outages to encompass all businesses. This demand highlights frustrations over unreliable broadband services impacting productivity and economic growth. Existing compensation covers only domestic-grade services, leaving many businesses without recourse for connectivity issues.

The UK Ministry of Defence has triumphantly launched its first wholly-owned satellite, named ‘Tyche’, aimed at enhancing ISR capabilities. Market Watch

The UK Ministry of Defence has successfully launched its own satellite, ‘Tyche’, revolutionizing Intelligence, Surveillance, and Reconnaissance (ISR) capabilities. This pivotal event marks the UK’s leap forward in space-based defense. As part of a broader initiative, Tyche will bolster military operations, disaster response, and environmental monitoring, reinforcing national security and technological innovation.

Germany is set to inject €5 billion into a new semiconductor manufacturing facility, courtesy of a joint venture spearheaded by ESMC. Market Watch

Germany is investing €5 billion in a new semiconductor manufacturing facility in Dresden through the European Semiconductor Manufacturing Company (ESMC) initiative. The facility will leverage advanced technologies like FinFET and aims to reduce Europe’s dependence on U.S. and Chinese semiconductor imports. This strategic move promises to enhance Germany’s role in the global semiconductor industry.