Baykar finalises takeover of Italy’s Piaggio Aerospace
Türkiye’s leading drone manufacturer Baykar has completed its acquisition of historic Italian aviation firm Piaggio Aerospace, paving the way for a...
The UK will boost its fleet of nuclear-powered submarines and push defence readiness in response to evolving global threats and shifting U.S. security commitments under President Trump.
Britain will significantly expand its fleet of nuclear-powered attack submarines as part of a broader strategic defence overhaul, Prime Minister Keir Starmer’s government announced ahead of Monday’s Strategic Defence Review. The decision comes amid growing geopolitical tensions and calls from U.S. President Donald Trump for Europe to take greater responsibility for its own defence.
The Ministry of Defence stated that the country plans to build up to 12 next-generation nuclear-powered submarines, which will carry conventional weapons. These will gradually replace the current fleet of seven, starting from the late 2030s. The submarines are part of a trilateral collaboration with the U.S. and Australia under the AUKUS security partnership.
In a related move, the government disclosed for the first time that the development of a new nuclear warhead for the UK's separate fleet of nuclear-armed submarines will cost £15 billion.
Defence Minister John Healey underscored the urgency of the investments, citing heightened threats, particularly from Russia. “We know that threats are increasing and we must act decisively to face down Russian aggression,” he said.
The Strategic Defence Review will lay out plans to transition Britain’s armed forces to “warfighting readiness,” identifying evolving threats and the technologies required to meet them. The government has already pledged billions for munitions production, battlefield innovation, and military infrastructure in advance of the review.
Starmer, addressing the economic constraints and political pressures his administration faces, has positioned defence investment as both a national security imperative and an economic opportunity. He reiterated his pledge to raise defence spending to 2.5% of GDP by 2027, with a long-term goal of reaching 3%.
“This plan will ensure Britain is secure at home and strong abroad, while delivering a defence dividend of well-paid jobs up and down the country,” Starmer is expected to say at the launch of the review.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
A malfunction in the radar transmission system at the Area Control Center in Milan suspended more than 300 flights at the weekend, across northwest Italy since Saturday evening according to Italy's air traffic controller Enav (National Agency for Flight Assistance).
Thousands of protesters rallied in Bangkok on Saturday, demanding Prime Minister Paetongtarn Shinawatra resign as political and economic tensions mount.
The International Monetary Fund (IMF) on Monday approved the disbursement of an additional $500 million to Ukraine, following the completion of its eighth review under the country’s $15.5 billion Extended Fund Facility.
U.S. President Donald Trump on Monday publicly criticized AT&T for technical issues that disrupted a national conference call with faith leaders, urging the company’s leadership to address the situation and suggesting his administration may turn to a different carrier in future communications.
France, Spain, Kenya, and several other nations announced on Monday a joint pledge to tax premium-class airline passengers and private jet users, in a move aimed at raising billions of dollars for climate action and sustainable development.
Special envoys from Pakistan, China and Russia held an informal meeting in the Qatari capital on Monday to discuss regional cooperation on Afghanistan, Pakistani envoy Mohammad Sadiq confirmed in a post on X.
Türkiye’s leading drone manufacturer Baykar has completed its acquisition of historic Italian aviation firm Piaggio Aerospace, paving the way for a European production base for its unmanned aerial vehicles and civil jets.
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