New York Times moves staff out of Hong Kong following new security law July 15, 2020 The New York Times is set to relocate staff at its Hong Kong bureau to South Korea, after a new security law imposed by China has raised concerns surrounding press freedom in the city. The US news outlet yesterday said the new security law, which hands Beijing sweeping powers to arrest Hong Kong citizens suspected [...]
Trump on UK’s Huawei U-turn: ‘I did this myself’ July 15, 2020 US President Donald Trump has said he is responsible for the UK’s reversal on an earlier policy decision regarding Chinese tech firm Huawei. The government said yesterday Huawei equipment must be purged completely from the UK’s 5G network by the end of 2027. “We convinced many countries, many countries — I did this myself for [...]
Burberry shares sink as it warns of ‘continued coronavirus impact’ July 15, 2020 Burberry shares sank more than seven per cent this morning as sales slumped 45 per cent during lockdown and the group warned that it will “take time” to recover from the severe impact of coronavirus. The British fashion staple said it sees no immediate end in sight to dented sales, as the pandemic continues to [...]
The Huawei ‘U-turn’ isn’t enough to keep Britain safe July 15, 2020 Yesterday, the UK government announced the results of its long-awaited review into Huawei’s role in our country’s 5G system. Following months of speculation and increasingly public and political concern about the influence of China, the new plan revises the January 2020 decision giving the Chinese telecoms giant a 35 per cent stake in Britain’s network [...]
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 [...]
Huawei banned from UK’s 5G network after government U-turn July 14, 2020 The government will ban new Huawei products from being a part of the UK’s 5G network from next year and all its existing infrastructure will be removed by 2027 in a major U-turn. Huawei will also be banned from supplying equipment to the UK’s new full fibre broadband network, with the embargo likely to begin [...]
Give me Liberty or Give me TikTok July 14, 2020 Bytedance’s superstar mobile app, TikTok has risen to hero status becoming the go-to source of entertainment during lockdown. Viral dance challenges, comedic skits and short snippets of video content have grabbed the attention of over 1 billion monthly users. In a time where uncertainty and boredom reigns, a bit of creative romance is received with [...]
China threatens to sanction Lockheed Martin over Taiwan arms sales July 14, 2020 Lockheed Martin looks set to be slapped with sanctions by China for its role in providing arms to Taiwan, in a move likely to further damage the US’ relationship with the east Asian giant. Last week the US government approved a $620m upgrade package for a surface-to-air missile system, in which Lockheed is the main [...]
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 [...]
Asian shares retreat as virus and Sino-US tensions flare July 14, 2020 Asian stock markets slipped today, oil sagged and a safety bid supported the dollar as simmering Sino-US tensions and fresh coronavirus restrictions in California kept a lid on investor optimism as earnings season gets underway. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.2 per cent. Japan’s Nikkei retreated from a one-month high touched [...]