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U.S. markets recover from steep losses
BERLIN, Oct. 24 (UPI) -- Germany's president exercised his first presidential veto Tuesday, quashing a law that would have partially privatized the nation's air traffic control.
President Horst Kohler withheld his signature from the proposal to have Germany's federal government to sell off up to 74.9 percent of the state-owned German Flight Security Co., Deutsche Welle reported.
The law was passed by a wide legislative majority in both of Germany's parliamentary bodies.
Kohler's action was unusual, as the presidency is a largely ceremonial position and generally eschews political activity.
"The president has reached a landmark decision," said Peter Heesen, the head of the German Civil Servants Association, which represents many of the DFS's employees. "It's an important contribution to the debate about what the state's sovereign duties are and must continue to be in the future."
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CANBERRA, Australia, May 23 (UPI) --
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Northrop Grumman says its Military Airworthiness Certification is closer for its re-engined EC-8 Joint Surveillance Target Attack Radar System aircraft.
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