Britain has signed a “multimillion-pound” contract with Cambridge Aerospace, a startup aiming to supply systems for intercepting drones and cheap missiles at much lower cost than existing defense systems.

Britain has signed a “multimillion-pound” contract with Cambridge Aerospace, a startup aiming to supply systems for intercepting drones and cheap missiles at much lower cost than existing defense systems.

The UK warned Vladimir Putin against damaging Britain’s undersea cables and pipelines after a month-long operation to track three Russian submarines in nearby waters.

China will set up a sweeping new mechanism to ensure the security of its supply chains, targeting espionage and allowing Beijing to retaliate against foreign entities if they impose curbs on trade, according to a directive released by the State Council on Tuesday.

An influential journal of China’s leading Communist Party published a rare warning about risks associated with the nation’s gaping trade surpluses, saying that pushing exports too far can expose the economy to vulnerabilities at home and abroad.

The economic repercussions of Donald Trump’s war on Iran are threatening to hurt Britain more than other major economies, with the Bank of England keeping a close eye on price pressures. Yet one of the US President’s other flagship policies — high tariffs — could have a peculiar side-effect of defending the UK from spiraling inflation.

Properly designed UK support to cut household energy bills could help reduce both inflation and government debt service costs, potentially resulting in an aid package that pays for itself, Deutsche Bank said.

China’s government spending got off to its fastest start to any year since 2022, likely an effort by authorities to fortify the economy in the face of rising external uncertainty.

Angela Rayner, the former deputy prime minister who bookmakers rate the favorite to succeed Keir Starmer as Labour leader, said the UK’s governing party is “running out of time” to deliver change, in her most public criticism yet of the premier’s leadership.

Angela Rayner, the former deputy prime minister who bookmakers rate the favorite to succeed Keir Starmer as Labour leader, said the UK’s governing party is “running out of time” to deliver change, in her most public criticism yet of the premier’s leadership.

China’s consumer spending may have booked the worst start to any year outside the pandemic, highlighting the challenge to a government that has targeted a bigger role for domestic demand.

China is increasingly clawing back profits from state companies to cover some of the government’s spending needs, drawing on them more than ever during a year that saw an almost unprecedented decline in budget revenue.

China is increasingly clawing back profits from state companies to cover some of the government’s spending needs, drawing on them more than ever during a year that saw an almost unprecedented decline in budget revenue.

China’s export growth accelerated far faster than expected in the first two months of the year, putting shipments on a record path before US and Israeli strikes on Iran disrupted global trade.

China’s export growth accelerated far faster than expected in the first two months of the year, putting shipments on a record path before US and Israeli strikes on Iran disrupted global trade.

China will root out wasteful spending and strive to boost government revenue, Finance Minister Lan Fo’an said on Friday, sending a strong message of frugality soon after unveiling a more modest fiscal stimulus package for this year.

China’s new annual government work report offers a hint that, while the nation’s leaders may be less ambitious in their goal for growth this year, they are perhaps also more confident in meeting the new target.

China signaled it’s modestly dialing down fiscal stimulus this year, a rollback after a trade war with the US that still allows for further support in the face of geopolitical uncertainty abroad and the dangers stalking the economy at home.

China’s leadership is meeting in the shadow of crises abroad this week, as it puts the finishing touches on its blueprint for growth through 2030 and unveils plans to insulate the economy from global turmoil.

China’s leadership is meeting in the shadow of crises abroad this week, as it puts the finishing touches on its blueprint for growth through 2030 and unveils plans to insulate the economy from global turmoil.