Monday, June 2, 2025

Creating liberating content

MUMBAI: In a gradual shift, share of bank deposits in

NEW DELHI: Raising an alarm over challenges in procuring rare

Sridhar Ramaswamy, CEO of Snowflake, speaks at the Semafor World

NEW DELHI: Brazilian aerospace major Embraer says it will increase

Related News

MUMBAI: In a gradual shift, share of bank deposits in metro cities has risen to 53.2% in March 2025 from 50.9% in 2020, even as their share in bank credit

NEW DELHI: Raising an alarm over challenges in procuring rare earth magnets from China, the auto industry has told govt that the matter will lead to stoppage of production of

Sridhar Ramaswamy, CEO of Snowflake, speaks at the Semafor World Economy Summit in Washington on April 25, 2025. Tasos Katopodis | Semafor | Getty Images Data analytics software maker Snowflake

NEW DELHI: Brazilian aerospace major Embraer says it will increase sourcing from India and even have a final assembly line here if it gets a firm order for 200 aircraft

NEW DELHI: As Indian carriers prepare to increase their share in international airtravel in and out of the country, India’s largest airline IndiGo has reacted sharply to Emirates’ long-standing demand

BHOPAL: A police officer from Bhopal was removed from active duty and attached to the lines on Monday after a video surfaced showing him instructing a gym owner to bar

Trending News

NEW DELHI: Raising an alarm over challenges in procuring rare earth magnets from China, the auto industry has told govt that the matter will lead to stoppage of production of

NEW DELHI: As Indian carriers prepare to increase their share in international airtravel in and out of the country, India’s largest airline IndiGo has reacted sharply to Emirates’ long-standing demand

India’s real GDP growth is projected to slow to 6.2 per cent in FY26, down from 6.5 per cent in FY25, according to a report released on Monday by Japanese

Salil Parekh (File photo from Infosys website) Infosys CEO and managing director Salil Parekh received a total pay of Rs 80.62 crore in FY25, marking a 21.6 per cent increase

The Adani group firmly rejected these allegations as “baseless and mischievous”. The Adani Group issued a statement on Monday clarifying that none of its ports process cargo originating from Iran

Access Denied You don’t have permission to access ” on this server. Reference #18.c4f5d217.1748874744.53d942e Source link

UK boosts weapons production capacity in new defence strategy | Business

Word Count: 739 | Estimated Reading Time: 4 minutes


UK boosts weapons production capacity in new defence strategy

LONDON: Britain will invest £1.5 billion ($2 billion) in new weapons factories to ramp up defence production capacity, the government said on Saturday, ahead of a major review of its armed forces and military strategy.The Strategic Defence Review, due to be published Monday, will assess the threats facing the UK amid Russia’s ongoing war in Ukraine and pressure from US President Donald Trump for NATO allies to bolster their own defences.In February, UK Prime Minister Keir Starmer committed to increasing defence spending to 2.5 percent of GDP by 2027, up from its current 2.3 percent.The Labour leader also aimed to hike spending to three percent by the next parliament, due around 2029. The review will recommend “creating an ‘always on’ munitions production capacity in the UK” which would allow weapons production to be “scaled up at speed if needed”.It also urges the government to “lay the industrial foundations for an uplift in munitions stockpiles to meet the demand of high-tempo warfare”, the Ministry of Defence said in a statement.The government has said it would procure 7,000 domestically built long-rang weapons and build “at least six munitions and energetics factories”.This investment — which will see £6 billion spent on munitions this Parliamentary term — will also create and support 1,800 jobs, the ministry said.“The hard-fought lessons from Putin’s illegal invasion of Ukraine show a military is only as strong as the industry that stands behind them,” Defence Secretary John Healey said.“We are strengthening the UK’s industrial base to better deter our adversaries and make the UK secure at home and strong abroad.”Healey also told The Times newspaper that Britain would spend three percent of GDP on defence during the next parliament.The government has said it would cut the UK’s overseas aid budget to help fund the spending.The defence review, led by former NATO secretary general George Robertson, warns that Britain is entering “a new era of threat” as drones and artificial intelligence transform modern warfare, The Guardian newspaper reported Saturday.The document will warn of the “immediate and pressing” danger posed by Russia, as well as focusing on China, Iran and North Korea.Robertson has described the four countries as a “deadly quartet” which were “increasingly working together”.The government this week pledged over £1 billion for improving battlefield technology by bolstering AI and cybersecurity.In that announcement Healey warned that “ways of warfare are rapidly changing” and that the UK was “facing daily cyber-attacks on this new frontline”.mhc-aks/srg/rmb





Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account