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An out-of-control satellite is hurtling towards Earth, nearly three decades after it first launched.

The ERS-2 satellite, which served as an observation platform, is expected to enter the Earth’s atmosphere at some point on Wednesday.

The European Space Agency (ESA) said the risks associated with the two-tonne satellite are “very low”, however there is still a chance that fragments could hit populated areas.

Mirko Albani from ESA’s Earth Observation Ground Segment Department said: “It’s worth highlighting that none of the elements that might re-enter the atmosphere (and reach the surface) are radioactive or toxic.”

The predicted time for the satellite entering the Earth’s atmosphere was 3.49pm GMT (10.49 EST) on Wednesday, however a window of uncertainty means it is more likely to fall closer towards 5.30pm.

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One noteworthy event is Jeff Bezos’ substantial sell-off of Amazon shares, cashing out a staggering $8.5 billion. Bezos, who founded Amazon, had planned to sell up to 50 million shares until January next year, as disclosed in Amazon’s annual report.

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