Huawei can survive without US, chairman says as tensions grow over cybersecurity fears February 24, 2019 The chairman of Huawei said his company can survive without US business amid a global controversy over its products, while welcoming a conciliatory tone from President Donald Trump. Guo Ping, whose firm is facing a backlash from western governments over cybersecurity concerns, said he agrees with recent tweets from Trump, where he seemed to take [...]
Government should cap Heathrow passenger charges says British Airways owner IAG February 24, 2019 One of the world’s largest carriers has called on the government to cap the amount passengers are charged for travelling through Heathrow. IAG, the owner of British Airways, Iberia and Aer Lingus, hit out at the airport for benefiting its shareholders at the expense of passengers. Read more: Over 80m passengers flew through Heathrow Airport [...]
MPs in uproar as Theresa May delays Brexit meaningful vote February 24, 2019 Number 10 has confirmed reports that the Prime Minister will delay this week's meaningful vote on her Brexit deal. Theresa May told journalists on board a flight to Sharm El Sheikh that the meaningful vote on her Brexit deal will now be held by 13 March – just two weeks until the UK's scheduled exit date [...]
Mining bosses to discuss safety after accident which killed hundreds February 24, 2019 A group of leaders from some of the world’s biggest mining companies will meet this week to discuss safety after a tragedy in Brazil which is thought to have killed over 300 people. Chief executives from Anglo American, BHP, Antofagasta, Glencore and Barrick Gold, among others, are expected to meet on the fringes of the [...]
Jeremy Corbyn needs to change the Labour party to solve the ‘crisis for its soul’, says Tom Watson February 24, 2019 Tom Watson has said Jeremy Corbyn must change to resolve the "crisis for the soul of the Labour party” that has escalated with the loss of nine MPs to the Independent Group. Labour's deputy leader warned that the party's approach to tackle anti-semitism in the party had "very patently…not been adequate", and that the loss of nine [...]
Private equity player KKR reportedly circling Asda following Sainsbury’s deal setback February 24, 2019 US private equity house KKR is reportedly mulling a bid for Asda after a ruling last week by the competition regulator that could stymie its proposed tie-up with fellow big four supermarket Sainsbury’s. The Competition and Markets Authority (CMA) said last week that a deal between the two supermarkets could lead to "a substantial lessening [...]
China’s Xiaomi lifts the lid on its first 5G smartphone with a sliding camera February 24, 2019 Chinese smartphone maker Xiaomi has unveiled its first 5G phone, priced far lower than any of its counterparts. Xiaomi's director of product management Donovan Sung told attendees at Mobile World Congress in Barcelona that the Mi Mix 3 5G will start at €599 (£520) when it launches in May. By way of comparison, Samsung's 5G phone which [...]
Theresa May warns Brexit must not be frustrated amid Cabinet mutiny over no deal February 24, 2019 Theresa May has said the government must maintain an "absolute focus" of delivering Brexit after senior Cabinet ministers warned they could vote to delay article 50 to thwart the chance of leaving without a deal. The Prime Minister told Tory party activists over the weekend that government "must not, and I will not, frustrate what was the [...]
HMRC blames no-deal Brexit preparation for penalty letter delays February 23, 2019 The UK’s tax authority, HM Revenue & Customs, has said a delay in sending out penalty notices for the late filing of self-assessment returns is due to preparations for a no-deal Brexit. HMRC revealed on Friday in a technical publication that it would send out £100 penalty notices as late as 24 hours before higher [...]
Housing minister James Brokenshire ‘concerned’ over Persimmon’s Help to Buy scheme, reports say February 23, 2019 Housing minister James Brokenshire has raised concerns that Persimmon is not operating correctly within the Help-to-Buy scheme, according to reports. Brokenshire is “increasingly concerned” over the behaviour of the UK’s second biggest housebuilder, raising issues over leasehold, build quality and accountability, a source told Reuters. “Leasehold, build quality, their leadership seemingly not getting they’re accountable [...]