We will have the best clock ever flown in space. It will be as precise as one out of a million seconds every 24 hours.

In the near future you will have a PDA, mobile phone, and GPS in a single unit. We have already issued some prototypes.

Galileo will be in evolution. There will be two satellites in this phase because we do not want to put all our eggs in one basket.

Presently it seems unlikely that he will be able to push through the sorts of reforms and spending decisions that are required.

It's indicative of strong underlying demand for housing relative to supply and it's supportive of the view you will not get a major correction in house prices.

If damage to the infrastructure is found to be reasonably severe, prices will increase over the coming weeks.