Business
What’s the best way to detect and destroy drones?
Adrienne MurrayTechnology reporter
AFP via Getty ImagesIn the northern Danish city of Aalborg, the firm MyDefence makes equipment that jams and repels drones.
“We’ve had a big surge of interest,” says chief executive, Dan Hermansen.
He says that up until early October his company was mainly dealing with defence firms, but now it has “completely shifted”.
The small, box-like kit made by MyDefence is mostly used by the military of Nato countries and Ukraine.
However lately demand has grown from civilian customers.
“It’s coming from critical infrastructure,” he adds, “from big companies, looking to protect their own assets”.
The device detects communication between the drone and its pilot, then breaks that connection, explains Mr Hermansen, by emitting a powerful radio signal on the same frequency.
Rather than falling out of the sky, the drone is pushed away and has a controlled landing. If it tries to reconnect to a GPS signal, that can be blocked too, he adds.
Mr Hermansen reckons that radio frequency jamming works against 80 to 90% of the drones that are flown.
MyDefenceWhile forcing an unwanted drone to crash land is a good result, it’s essential to be able to detect it first.
“The first part is really about identification. And the second part is an interceptor system,” explains Kasper Hallenborg, director of The Maersk Mc-Kinney Moller Institute at University of Southern Denmark.
Identifying a drone is not so easy, points out Andreas Graae, the head of research at the Institute of Military Technology at the Danish Defence Academy.
“[Drones] can be very small or really big, and are often produced from materials like plastic or fabrics that are very hard to detect on a traditional radar,” he says.
A suite of technologies are under constant development, to help find drones.
That includes acoustic sensors that listen for the drone’s buzzing; advanced optical cameras, with very high resolution; and increasingly sophisticated tactical radars, which work over longer ranges and can even differentiate between a drone or a bird.
Once detected, a drone needs to be disabled. Electronic jamming, similar to that used by MyDefence has leapt forward, thanks in large part to the war in Ukraine.
“[Ukraine’s] frontlines are totally jammed,” Mr Graae says, which means that drone controllers lose control of their machines.
So, Russia and Urkaine have adapted by using drones controlled by fibre optic cables, or using drones that can navigate autonomously, or fly along pre-programmed routes.
Such drones need to be intercepted or shot down and plenty of firms are working on novel ways to do that.
Among them is Swedish start-up, Nordic Air Defence. It is developing a low-cost interceptor designed to strike the targeted drone, forcing it to crash.
“It’s missile shaped, so travels incredibly fast,” he adds. “It’s incredibly easy to manufacture. It is basically 3D printed,” says Jens Holzapfel, the company’s business director.
AFP via Getty ImagesCost is a criticial factor in countering drones.
Last month, Nato Secretary-General Mark Rutte said: “It’s unacceptable to shoot down drones costing one or two thousand dollars with missiles that may cost half a million or even a million dollars.”
That’s been a big lesson from Ukraine, says Mr Graae. “It’s become a competition of how cheap you can actually make a drone attack, and how expensive it is to defend against.”
“As hostile drones become cheaper, it puts pressure on the defender to manufacture low cost products,” agrees Mr Holzapfel.
Low-cost drones are increasingly a security issue away from the frontlines of Ukraine.
Poland and Romania had their airspace breached by Russian drones; while separate drone incidents were reported, in Norway, Sweden, Lithuania, Romania and most recently at Germany’s Munich airport.
In Denmark tensions have also run high after a string of mysterious sightings at airports and military installations around the country.
That spurred the defence ministry to deploy “several capacities” that can detect, track and jam drones; and last week Sweden announced plans to invest more than $365m (£275m) in anti-drone systems, including measures to jam and shoot them down, as well as the deployment of hunter drones.
Mr Holzapfel at Nordic Air Defence currently works with Sweden and its European allies. As well as the military, clients are from law enforcement agencies and security companies.
But he also sees civilian sectors like shipping and the oil and offshore industries as potential markets.
AFP via Getty ImagesIn a civilian setting. simply shooting down a drone might be too risky.
“It could be rather dangerous,” says Kasper Hallenborg, pointing to the falling parts and potentially flammable fuel.
“We saw the impact in Poland,” he continues. “That was just drone fragments, which more or less removed the roof of a house.”
Early detection would help, says Mr Hallenborg: “Then you can probably take it down somewhere it’s more safe to do so.”
At short ranges, shooting out nets to tangle up the drone is another method and cheap lasers are also being developed.
There are also safer, so-called soft-kill options, including hacking. “That’s a more secure way to neutralize the drone, because then you can actually control the landing,” says Mr Graae.
Crucially, a traffic management system is urgently needed, suggests Mr Hallenborg, involving electronic license plates for each drone device and way for users to register the flight in advance.
“Then we can quickly identify which drones are allowed to be there and those that aren’t,” says Mr Hallenborg.
“The [Danish] police have been overloaded with people telling them about what they’ve seen in the sky. A lot of these drones are probably there with a [legitimate] purpose,” he says.
Business
Gold and silver sell-off gathers steam in correction after record highs
Gold and silver prices have continued to drop sharply in a “brutal” sell-off after hitting record highs in recent weeks.
The precious metals began falling on Friday in response to US President Donald Trump’s nomination for the incoming chairman of the Federal Reserve.
His choice for former Fed governor Kevin Warsh to replace current chairman Jerome Powell when his term ends in May soothed some investor nerves, which boosted the US dollar but saw appetite for safe-haven investments gold and silver slump in response.
Gold and silver suffered their worst trading days for decades on Friday and were down heavily again on Monday, with spot prices off by another 7% and 11% respectively at one stage.
Silver had plunged by nearly 30% on Friday and gold dropped over 9% in its worst one-day drop since 1983.
Gold and silver had been enjoying a record breaking rally as investors sought refuge amid global geopolitical uncertainty, conflict and tariff woes.
Ipek Ozkardeskaya, senior analyst at Swissquote, said: “The sell-off has been far more brutal than I, and many, expected.”
He added: “For silver, the rally on the way up was faster than gold’s, so the correction on the way down is faster too.”
Kathleen Brooks, research director at XTB, added: “If the sell off continues, then gold and silver are at risk of eroding their losses for the year so far.
“The historic move lower in silver prices has not stemmed a fall at the start of this week.
“Traders have not yet found a level that they are happy to buy the dips, and the timing of Chinese Lunar New Year in mid-February could accelerate the sell off, as Chinese traders reduce risk ahead of the holiday.”
UK and US stock markets are expected to open in the red on Monday, as the gold and silver rout has a knock on effect on mining giants, while Brent oil was also 5% lower.
Derren Nathan, head of equity research at Hargreaves Lansdown, said: “Mining stocks are likely to feel the heat as metal prices scramble to find a floor.
“Oil prices are also trending the wrong way for investors in commodity-focused companies.”
Business
Budget’s mild fiscal consolidation to be positive for GDP growth: Report
Mumbai: Lower revenue as a share of GDP has been more than offset by cuts to subsidies and spending on current schemes, leading to the smallest fiscal consolidation in six years, likely positive for growth, a new report has said.
The fiscal consolidation for FY27 is the slowest in six years. And the budgeted disinvestment, which is a below-the-line funding item, is likely to see the highest rise in six years, the report from HSBC Global Investment Research said.
“The central government continues with fiscal consolidation, though signing up for a gentler path for FY27; the fiscal impulse will likely turn neutral after several years in the negative, and this should be good news for GDP growth,” the research firm added.
The report said that the services sector was the focus of the Budget, “with ambitious plans and increased outlays for medical institutions, universities, tourism, sports facilities, and the creative economy.”
Urban infrastructure saw a renewed push with each City Economic Region (CER) set to receive get Rs 50 billion over 5 years.
Seven new high-speed rail corridors will connect major cities, the report noted, adding large cities will also get an incentive of Rs 1 billion if they issue municipal bonds worth more than Rs 10 billion.
The report highlighted policy priorities, saying, “new manufacturing sectors were given incentives, namely biopharma, semiconductors, electronic components, rare earth corridors, chemical parks, container manufacturing, and high-tech tool rooms.”
Direct taxes are expected to grow faster than nominal GDP while indirect taxes will expand more slowly, with gross tax revenues budgeted to rise about 8 per cent year‑on‑year, the report said.
Central government set a fiscal deficit target of 4.3 per cent of GDP for FY27 after a 4.4 per cent estimate for FY26, and nominal GDP growth was pegged at 10 per cent.
Business
India’s $5 trillion economy push: How ‘C+1’ strategy could turn country into world’s factory
New Delhi: India is preparing for a major economic transformation. The Union Budget 2026-27 lays out measures that could make the country the top choice for global manufacturing using the popular ‘China +1’ (C+1) strategy. This comes as international companies rethink supply chains after COVID-19 disruptions, rising trade tariffs and geopolitical tensions.
India has positioned itself as the backup factory for the world that is ready to absorb international demand in case of any crisis in China or Taiwan.
The government has offered tax breaks for cell phone, laptop, and semiconductor makers, making India more attractive to foreign investors. Reducing bureaucratic hurdles for global firms, the budget also strengthens the National Single Window System to simplify business procedures. The message is clear: India is ready to step in as a global manufacturing hub, ensuring supply continuity for the world.
The expressway to a $5 trillion economy
China presently dominates about 40% of global manufacturing. Its factories supply critical products worldwide, but 2026 is expected to be a turning point. Expanding influence and economic opacity have made global companies seek alternatives.
India has leveraged this moment, offering a comprehensive incentive package for foreign manufacturers. Analysts call it more than policy; it is a blueprint to become a $5 trillion economy and reclaim India’s historic position as a global industrial leader.
Why the world needs India now
The COVID-19 pandemic exposed the dangers of over-reliance on a single supplier. When China halted medical exports, nations realised the need for diversified supply chains. Major companies such as Apple and Samsung now see India as a dependable alternative.
China’s aging workforce and rising labour costs further enhance India’s appeal. With 65% of its population under 35, India offers a vast, skilled and affordable workforce for decades. The geopolitical uncertainty surrounding Taiwan, which produces 90% of advanced chips, has also created demand for a secure manufacturing backup. India is stepping in to fill that gap.
How India stands to gain from China’s challenges
India’s budget, 2026-27, slashes import duties on cell phone and laptop components, turning the country into a hub for component manufacturing, not just assembly. Electronics exports are projected to cross $120 billion by 2025.
The government has also launched a Rs 1.5 lakh crore semiconductor mission, attracting companies like Tata and Micron to establish advanced chip plants in India. In the chemical sector, stricter environmental regulations in China have shut down several plants, benefiting Indian companies such as Privi Specialty and Aarti Industries, which are now filling gaps in global supply chains.
Incentives for companies
The Production Linked Incentive (PLI) scheme promises cash rewards for output, covering over 14 sectors. This is India’s answer to Chinese subsidies. From land acquisition to electricity connections, the National Single Window System now enables businesses to clear all approvals through a single portal.
Infrastructure investment has also received a massive boost, with Rs 11.11 lakh crore allocated under PM GatiShakti. New ports and dedicated freight corridors are being built to ensure that exports from India reach the world faster and cheaper than ever before.
India’s moves points to a strategic shift in global manufacturing. By rolling out the red carpet for foreign companies and investing heavily in infrastructure, technology and policy reforms, the country is poised to become the go-to destination for global supply chains. The C+1 formula is not only a concept; it is a roadmap to turn India into the next industrial superpower and a $5 trillion economy.
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