Markets live: FTSE 100 and US stocks soar as vaccine optimism builds July 15, 2020 The FTSE 100 doubled its gains on Wednesday as investor optimism about a coronavirus vaccine grew stronger, also fuelling US and European stocks. London’s blue-chip index climbed as high as 6,241 as it opened trading this morning, following positive trial results of a Moderna vaccine. By 1.30pm the FTSE 100 was up 2.07 per cent [...]
Our favourite restaurants and bars re-open! July 15, 2020 As businesses make their first steps back towards ‘normal life’ we have listed some of our favourite London spots to help you keep up to date with what’s on offer across the City. 1 Lombard Street will reopen on 20th July with some exciting new changes as chef, restaurateur and food writer Mark Hix joins the [...]
Rival firms prepare to scoop up Huawei market share after government ban July 14, 2020 Rival telecoms firms welcomed the government’s announcement today that the UK will ban new Huawei products from its 5G infrastructure from next year, in a move that could signal a “gold rush” as alternative vendors scramble to scoop up Huawei’s market share in the UK. Speaking in the House of Commons today, culture secretary Oliver [...]
Former BP boss Lord Browne to step down as Huawei UK chair July 14, 2020 Lord John Browne has resigned as UK chairman of Huawei, ahead of an expected ban on the telecoms provider to be announced later today. He will step down from the board in September, ending his tenure seven months early. Culture secretary Oliver Dowden is expected to tell MPs this afternoon that the government will ban [...]
Major UK mobile networks vow not to reintroduce roaming charges after Brexit July 13, 2020 The UK’s four major phone networks — EE, Three, Vodafone and O2 — have vowed not to reintroduce roaming charges when Britain leaves the bloc in January, after the government today urged Brits to check with their mobile carriers for price changes ahead of the Brexit transition period deadline. The UK government today called on the [...]
Huawei: Will the government ban the Chinese vendor tomorrow? July 13, 2020 Prime Minister Boris Johnson is due to decide whether to ban Huawei from the UK’s 5G infrastructure tomorrow, following intense pressure from MPs and US President Donald Trump to U-turn on a deal with the Chinese vendor over national security fears. In January, Johnson struck a deal with Huawei to build technology for the UK’s [...]
BT warns of outages if UK bans Huawei too fast July 13, 2020 BT chief Philip Jansen today issued a warning to the government that removing Huawei from the UK’s telecoms network too soon could case mass service outages across the country. A decision is due this week from Number 10 on whether to impose tougher restrictions on China’s Huawei, after intense pressure from the US to ban [...]
Vodafone and BT warn it may take five years and cost ‘billions’ to scrap Huawei July 9, 2020 Vodafone and BT have warned that it may take at least five years and cost “billions” of pounds to strip Huawei equipment from UK networks, as Prime Minister Boris Johnson faces mounting pressure to scrap a deal with the Chinese vendor over security concerns. Vodafone UK’s head of networks, Andrea Dona, today told the government’s [...]
US sanctions could impact Huawei reliability, says tech minister July 6, 2020 Ongoing US sanctions against Huawei could significantly affect the Chinese tech firm’s reliability as a supplier to other countries, culture secretary Oliver Dowden has said. Measures announced by Washington last month prevent Huawei from working with US companies to source parts for its telecoms equipment, which is installed in the UK’s 5G networks. The UK [...]
Johnson prepares to scrap Huawei from UK 5G network July 5, 2020 Prime Minister Boris Johnson is set to draw up plans this month to start phasing out Huawei from the UK’s 5G infrastructure in a major U-turn following pressure from security agencies. A security review from the National Cyber Security Centre (NCSC), a branch of GCHQ, is understood to have revised assurances that risks posed by [...]