G20 statement swerves call to end US-China trade war June 9, 2019 G20 finance ministers have warned “trade and geopolitical tensions” pose a risk to international growth in an official statement, without directly addressing the US-China trade dispute. Read more: IMF head: US-China trade war biggest threat to global growth After much debate over the wording of a “communique” from their meeting in Japan, ministers today said [...]
MPs to question Huawei as part of investigation into 5G security risks June 7, 2019 MPs are set to question Huawei on Monday as part of an investigation into the security risks that the Chinese telecom giants could pose to the UK. A leak in April from the National Security Council meeting revealed that Theresa May had approved Huawei’s bid to help build Britain’s 5G network, despite the USA’s claims [...]
Google: Huawei ban is a national security risk June 7, 2019 Google has warned the Trump administration it risks compromising US national security if it pushes ahead with planned restrictions on Huawei. Senior executives at Google are pushing US officials to exempt it from a ban on exports to the Chinese company, according to the Financial Times. The Trump administration announced the ban after trade talks [...]
Women’s World Cup: How brands are embracing the sport through sponsorship June 6, 2019 The World Cup arrives tomorrow at an opportune moment for women’s football. After a season punctuated by record attendances, greater exposure and successes both on and off the pitch, there is an air of optimism engulfing the sport. While the feeling is inspiring confidence that Phil Neville’s Lionesses could make good on their No3 world [...]
Huawei must improve ‘shoddy’ cyber security, says top UK spook June 6, 2019 Chinese tech firm Huawei is “shoddy” and has a lot of work to do to improve its cybersecurity, a top UK spook has said. Read more: US trade ban on Huawei could slow global 5G rollout, warns Barclays Dr Ian Levy, technical director of the National Cyber Security Centre (NCSC), blasted the embattled firm over [...]
US trade ban on Huawei could slow global 5G rollout, warns Barclays June 6, 2019 The US’s decision to blacklist Chinese tech firm Huawei could slow down the global rollout of 5G, Barclays has warned. In a new report analysts said network carriers in Europe could be hit by heavy costs and technical disruption if they are forced to upgrade existing Huawei 4G technology with gear made by a different [...]
Barclays and RBS fined in forex rigging scandal June 6, 2019 Five banks including Barclays and Royal Bank of Scotland have been hit with a SFr 90m (£71.39m) fine for fixing the foreign exchange market. Traders at Barclays, Citigroup, JP Morgan, RBS and UBS took part in a “three way banana split” cartel between 2007 and 2013 to manipulate the forex market, the Swiss competition regulator [...]
City Moves for 5 June – Who’s switching jobs? June 4, 2019 Today’s City Moves includes Barclays, 11:FS and FXD Capital. Barclays Barclays has appointed Karen Johnson as the national head of retail, wholesale and healthcare for its Corporate Banking business. Karen has more than 25 years banking experience, working with a wide range of businesses from owner-managed through to multinationals. She joined Barclays in 2015 to [...]
Airtel Africa to raise $750m in London listing June 4, 2019 Africa’s second-largest mobile operator Airtel Africa said today it intends to raise $750m (£591m) in a float on the London Stock Exchange. The telecoms group said it will pursue a premium listing on the main market of the stock exchange, meaning it will float at least 25 per cent of its shares. The group is [...]
Trump meets FTSE business leaders over breakfast June 4, 2019 Business leaders will sit down for breakfast with US President Donald Trump this morning as part of a bid to strengthen transatlantic relations, as fears over an impending global trade war continue to mount. Representatives from 10 leading companies – five from the UK and five from the US – will break bread at St [...]