China's Mars Rover Touches Ground on Red Planet

The solar-powered rover touched Martian soil at 10:40 am Saturday Beijing time. (NASA via AFP file photo)
The solar-powered rover touched Martian soil at 10:40 am Saturday Beijing time. (NASA via AFP file photo)
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China's Mars Rover Touches Ground on Red Planet

The solar-powered rover touched Martian soil at 10:40 am Saturday Beijing time. (NASA via AFP file photo)
The solar-powered rover touched Martian soil at 10:40 am Saturday Beijing time. (NASA via AFP file photo)

China’s first Mars rover has driven down from its landing platform and is now roaming the surface of the red planet, China's space administration said Saturday.

The solar-powered rover touched Martian soil at 10:40 am Saturday Beijing time (0240 GMT), the China National Space Administration said.

China landed the spacecraft carrying the rover on Mars last Saturday, a technically challenging feat more difficult than a moon landing, in a first for the country. It is the second country to do so, after the United States.

Named after the Chinese god of fire, Zhurong, the rover has been running diagnostics tests for several days before it began its exploration Saturday. It is expected to be deployed for 90 days to search of evidence of life.

The US also has an ongoing Mars mission, with the Perseverance rover and a tiny helicopter exploring the planet. NASA expects the rover to collect its first sample in July for return to Earth in a decade.

China has ambitious space plans that include launching a crewed orbital station and landing a human on the moon. China in 2019 became the first country to land a space probe on the little-explored far side of the moon, and in December returned lunar rocks to Earth for the first time since the 1970s.



EIB to Allot 70 Bln Euros for Tech Sector in 2025-2027

FILE PHOTO: The logo of the European Investment Bank is pictured in the city of Luxembourg, Luxembourg, March 25, 2017. Reuters/Eric Vidal/File Photo
FILE PHOTO: The logo of the European Investment Bank is pictured in the city of Luxembourg, Luxembourg, March 25, 2017. Reuters/Eric Vidal/File Photo
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EIB to Allot 70 Bln Euros for Tech Sector in 2025-2027

FILE PHOTO: The logo of the European Investment Bank is pictured in the city of Luxembourg, Luxembourg, March 25, 2017. Reuters/Eric Vidal/File Photo
FILE PHOTO: The logo of the European Investment Bank is pictured in the city of Luxembourg, Luxembourg, March 25, 2017. Reuters/Eric Vidal/File Photo

The European Investment Bank is likely to announce on Friday plans to pump 70 billion euros into the development of European technology firms over the next three years, EU officials said.

The program, called Tech EU, is meant to help Europe compete with China and the United States in the race for innovative clean and digital technologies.

The EIB, the biggest multilateral lender in the world with a balance sheet total of 556 billion euros, expects its own 70 bln euros to mobilize a further 250 billion euros of private cash as investors crowd into projects supported by the EIB, Reuters quoted EU officials as saying.

The 70 billion is to be split into 20 billion euros for equity and quasi-equity, 40 billion euros for loans and 10 billion for guarantees in 2025-2027, the officials said.

The plan is to complement European Commission efforts to support higher risk ventures and innovative companies throughout their investment journey, from proof of concept to an initial public offering.

The EIB wants to focus on supercomputing, artificial intelligence, digital infrastructure, critical raw materials, green industries such as offshore wind, health, security and defense technologies, robotics and advanced materials, the officials said.