Exclusive: Lord Mandelson urges UK to block ‘short-sighted’ Arm takeover October 9, 2020 Lord Peter Mandelson has called on the UK to block the planned $40bn takeover of British chipmaker Arm by Nvidia, describing the deal as “short-sighted” and “completely anti-competitive”. The former business secretary told City A.M. that the acquisition was a “direct threat to our security of supply and sovereignty in the UK and Europe”. US [...]
ETFs are out of focus for most traders October 9, 2020 Investors, avert your eyes. This is for the traders amongst us. For years, if you wanted to trade an opinion on a particular industry, sector, or geography, your vehicle of choice was exchange-traded funds, or ETFs. They are transparent, relatively cheap, and allow high-level opinions to be traded in a single product. But, they’re not [...]
Huawei: ‘Clear evidence’ of collusion with Beijing, MPs warn October 8, 2020 There is “clear evidence of collusion” between Chinese tech giant Huawei and authorities in Beijing, top MPs have warned. In a report published today parliament’s defence committee claimed Huawei was “closely linked” to the Chinese state and the Communist Party. It also cited concerns about Huawei’s receipt of state subsidies and Chinese intelligence laws that [...]
Beyond Imagination: What’s next for the scandal-hit British chipmaker? October 7, 2020 Imagination Technologies this week confirmed the appointment of telecoms veteran Simon Beresford-Wylie as its next chief executive, marking a new chapter for the British chipmaker. The Hertfordshire-based tech firm has been no stranger to scandal in recent months, with MPs lashing out at the company’s ties to a major investor linked to the Chinese state. [...]
Billionaires’ wealth swells to record $10.2 trillion during pandemic October 7, 2020 The world’s billionaires got a whole lot richer during the pandemic, seeing their collective fortunes rocket to a record height of $10.2 trillion (£7.9 trillion) in the height of the coronavirus crisis. The super-rich cashed in on lockdown shopping trends and a V-shaped economic rebound to boost their wealth more than a quarter from April [...]
Raab: China and Russia ‘took advantage’ of Covid to break international law October 6, 2020 China and Russia have used the Covid pandemic to carry out cyber attacks and clamp down on human rights, according to foreign secretary Dominic Raab. Raab said today that the “usual suspects” of Iran, Russia and China have tried to “take advantage of the crisis”, with Beijing’s Hong Kong clamp down used as an example. [...]
5G rollout across Britain set to create 5,000 jobs October 5, 2020 Telecoms firms have pledged to create 5,000 new UK jobs through the rollout of 5G technology across Britain, marking a rare bright spot on the bleak jobs horizon during the pandemic. Liberty Global, which owns Virgin Media, and O2’s Spanish owner Telefonica, have announced plans to create 4,000 jobs and 1,000 apprenticeship roles in the [...]
Are you motivated by morals or money? October 2, 2020 Investing is a personal choice and a number of influences will hold sway over where you put your money. Your personal value system is one such influence and, for most people, this appears to be non-negotiable. More than three-quarters (77 per cent) of investors refuse to compromise on their personal beliefs when investing, even if [...]
Delays to 5G rollout to cost country tens of billions, report finds October 1, 2020 Delays to the rollout of 5G could cost the country tens of billions of pounds in lost economic output, a new report has found. According to the Centre for Policy Studies (CPS), steps to speed up the rollout could provide the UK GDP with an extra £41bn over the next seven years. However, if delays [...]
BT taps Nokia to replace Huawei in 5G networks September 29, 2020 BT has chosen Nokia to supply its 5G radio equipment in a deal that will make the Finnish firm the telecoms giant’s largest infrastructure partner. The deal, which marks a major win for new Nokia boss Pekka Lundmark, comes just months after the UK said it would ban Chinese firm Huawei from its 5G networks. [...]