China lobby tells UK: Embrace Beijing or ‘suffer’ business backlash November 22, 2020 The UK will lose billions of pounds in private sector investment if it does not reverse its growing hostility toward China, according to a pro-Beijing business lobby. The China Chamber of Commerce in the UK – which counts Huawei, ZTE and Air China as members – warned that its members may rethink their future UK [...]
Exclusive: Liberty Steel poised to swoop for stranded Port Talbot steelworks November 20, 2020 Sanjeev Gupta’s Liberty Steel is poised to swoop for Tata’s UK steelworks at Port Talbot in Wales, City A.M. understands. Over the weekend the Indian conglomerate announced that Swedish firm SSAB was in discussions with Tata over buying its assets in the Netherlands, which would lead to the break-up of the firm’s European steel operations. [...]
Vivo X51 review: The gimbal-er’s fallacy November 19, 2020 Dongguan, located in the Guangdong province of China, is one of those places of international significance that you’ve probably never heard of. With a population of nearly 7.5m – which would comfortably make it the second largest city in the UK – it’s one of China’s many “global factories”, vast industrial zones from which companies [...]
The four “M”s: why the 21st century belongs to Asia November 18, 2020 For a look into the future of the global economy, and where the power is shifting, consider technology developments in both China and India., In a mere decade, China’s e-commerce market has grown from less than 1% of global sales, into the world’s largest market in 2016, representing more than 40% of transactions by value. [...]
FTSE 100 dips as coronavirus infections come back into focus November 18, 2020 The FTSE 100 has fallen for a second day as investors return their focus to rising coronavirus cases and new restrictions after positive vaccine news boosted global markets. London’s blue-chip index was down 0.5 per cent shortly after the open, taking it to 6,336 points. The FTSE 250 of slightly smaller firms was 0.2 per [...]
Frank Stephenson on the rights and wrongs of car design November 17, 2020 Frank Stephenson’s car design CV stretches from the modern Mini to the McLaren P1. We ask about his career and what BMW has been drinking.
Huawei sells Honor smartphone brand as US sanctions bite November 17, 2020 Huawei is selling its budget smartphone brand Honor to a newly-formed consortium of Chinese buyers after US sanctions pushed the division to the brink of collapse. The Chinese tech giant said it will offload Honor’s business assets to Shenzhen Zhixin New Information Technology Co, a group of over 30 agents and dealers, including several state-owned [...]
Exclusive: UK investors turn to property as they brace for a recession November 17, 2020 UK investors worried about the government’s handling of the pandemic and Brexit are turning to property as they brace for a recession. A survey of over 1,000 investors by FJP Investment reveals nearly two thirds – 62 per cent – are concerned that the government’s mishandling of the pandemic will result in a long-term recession. [...]
UK declares China has broken joint treaty over expulsion of Hong Kong MPs November 12, 2020 The UK has declared that China has once again breached the Sino-British treaty over Beijing’s expulsion of pro-democracy Hong Kong MPs. Foreign secretary Dominic Raab said the move was a “clear breach of the legally binding Sino-British declaration” and that Beijing had “undermined Hong Kong’s high degree of autonomy”. The Chinese parliament adopted a resolution [...]
Editorial: Those who profit in Hong Kong must speak up in its defence November 11, 2020 US President Franklin Delano Roosevelt’s four freedoms, which he promised Americans in the face of economic strife and growing authoritarianism abroad, are freedoms that this newspaper is more than happy to sign up for. Freedom of speech, freedom of worship, freedom from want, and freedom from fear? Well, they work for us. In London – [...]