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UK economy contracts 2.9% in January, trade with EU hit hard by Brexit


Britain s economy shrank by less than feared in January as the country went back into a coronavirus lockdown, official data showed, but trade with the European Union was hit hard at the start of the country s new, post-Brexit trading relationship.
Gross domestic product in January was 2.9% lower than in December, the Office for National Statistics said.
Economists polled by Reuters had expected a contraction of 4.9%.
Britain s economy is likely to shrink by 4% in the first quarter of 2021, due mostly to the latest lockdown but also because of disruption caused by new, post-Brexit rules for trade with the European Union, the Bank of England said last month. ....

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In pics: Mazagon Dock commissioned Submarine INS Karanj into Indian Navy


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Mazagon Dock Shipbuilders said that the sea trials of first ship Visakhapatnam of Project P-15B, which is due for delivery later this year, have commenced. It is a public sector undertaking under the Ministry of Defence (MoD), which is engaged in the construction and repair of warships and submarines for use by the Indian Navy and other vessels for commercial clients. 
 
Addressing the event, the Navy Chief said that hailed Prime Minister Narendra Modi s vision of atmanirbharta
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Chief of Naval Staff Admiral Karambir Singh and Admiral (Retired) VS Shekhawat were present at the ceremony. The impetuous to atmanirbharta or indigenisation is a fundamental tenet of Indian Navy s growth story and future trajectory, the Navy Chief Admiral Karambir Singh today.He also said that the Indian Navy has been a strong proponent of indigenization and self-reliance in defence over the past seven decades. At present, out ....

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Triumph Rocket 3 R Black And Rocket 3 GT Triple Black Limited Editions Revealed, Will Be Launched In India


Triumph went bigger, badder and meaner with its
latest generation of the Rocket 3. Powered by the largest motor ever attached to a production-spec motorcycle, the Rocket 3 first arrived
GT version following it last year. For 2021, Triumph didn’t really need to do much with the 2.5-litre motor, which was already EU5/BS6-compliant. The Brit bikemaker has taken 2000 units of its torque monster (1000 units of each variant) and dipped them in a well of black paint. The end result? Meet the Rocket 3 R Black and the Rocket 3 GT Triple Black.
What s New?
As the name indicates, these Black edition Rocket 3s are dark versions of their standard counterparts, both with unique colour schemes. The R dons matte black overalls with gloss black stripes on the tank as well as ‘Black’ branding. The GT has a three-shade paint scheme and hence the name Triple Black. ....

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Dragon Ships: China's Naval Threat


China s navy is now the world s largest. It has been for some time. The U.S. Navy may still rule the oceans, but the Chinese rule the vital trade routes in the South China Sea.
China means to threaten the economic security of Japan, South Korea, Taiwan, Singapore, Thailand, Indonesia, and others. America must remain resolute in the face of this build-up in order to maintain freedom of commerce in the Asian seas.
They would say their naval buildup is for defensive purposes, but their neighbors do not buy that for a minute.. [China s] clear intention, for now at least, is to overwhelm anything in its vicinity that threatens its expansion and domination of the Asian sea lanes. ....

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