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/ 23 October 2007
Europe’s top court on Tuesday overturned a German law that protects Volkswagen against takeovers, allowing Porsche to tighten its grip on the wheel of the continent’s biggest carmaker. The European Court of Justice ruled against the "Volkswagen Law", thereby upholding Porsche’s claim to voting rights in line with its 31% stake in VW.
European travel agencies are ceding a rising share of their business to the internet, as consumers grow accustomed to less personal service but more flexibility. Thirty-six percent of tour operators in the European Union offer online reservations, as well as 40% of package operators and a full 62% of hotels, according to figures compiled by the European Commission.
Will our grandchildren spend their vacations on the moon, or their honeymoons in a hotel orbiting Mars? A few dreamers at the International Tourism Fair say space tours for average travellers could come sooner than we think. Angelina Jolie and Brad Pitt are rumored to have booked tickets on Richard Branson’s Virgin Galactic Spaceship, which is due for lift-off in 2010.