The European Union has signed a joint declaration with Greece, Italy, the Netherlands, Sweden, and Norway in support of advancing plans for a new pilot mission to perform tasks in orbit.
The In-Space Operations and Services (ISOS) pilot mission is a step towards a European in-orbit service infrastructure. The signing took place at the International Airshow in Berlin.
Andrius Kubilius, European Commissioner for Defense and Space said, "Europe maintains its leadership role for action in space by taking the first step towards building a new capacity for in-space operations and services, creating new business opportunities for European talents in the thriving orbital economy."
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.