Merkel’s party set to rule out Huawei 5G ban in Germany February 11, 2020 Chancellor Angela Merkel’s conservative party is set to throw its weight behind a new proposal that stops short of banning Huawei from building Germany’s 5G network. Top ministers in the Christian Democratic Union (CDU) last night signed off on a four-page paper following weeks of discussions with hardline ministers who want to exclude the controversial [...]
FTSE 100 opens higher after US and Asian markets rise February 11, 2020 The FTSE 100 index has opened higher this morning, taking its cue from positive performances from US and Asian markets as investors shrug off coronavirus fears, despite the death toll from the outbreak passing 1,000. Britain’s blue-chip index climbed as much as 1.02 per cent after the open on Tuesday, following positive impetus from Monday’s [...]
FTSE 100 drops as coronavirus declared a ‘serious’ UK health threat February 10, 2020 The FTSE 100 edged down this morning as continued concern over the coronavirus outbreak knocked investor confidence around the world. London’s blue-chip index fell 0.2 per cent in early trading, landing at 7450p, as the UK declared the virus a serious and imminent threat to public health. The outbreak has now killed 908 people around [...]
Campaign against Huawei is a ‘witch hunt’, says Chinese ambassador February 9, 2020 Top Tory politicians trying to reverse the decision to allow tech giant Huawei to help build Britain’s 5G networks are carrying out a “witch hunt”, China’s ambassador to the UK has said. Senior Conservatives, including four former Cabinet ministers, have written to Tory MPs urging them to reconsider the government’s decision on Huawei, instead calling [...]
Senior Tories tell government to ‘rule out’ Huawei from 5G plans February 8, 2020 A number of senior Conservatives including four ex-cabinet ministers have written a letter to Tory MPs to raise concerns about the decision to give Huawei a role in the UK’s 5G network. Sir Iain Duncan Smith, Owen Paterson, David Davis, Damian Green, Tobias Ellwood and Bob Seely, said they “working to find a better solution” [...]
Global stocks fall as coronavirus fears grip investors February 7, 2020 Global stock markets have fallen as fears resurface about the impact of coronavirus on the global economy. China’s central bank warned last night that its economy will be hit by the outbreak, and Japan reported a jump in the number of cases on board a cruise liner off of Tokyo. US markets opened lower despite [...]
Ericsson pulls out of MWC 2020 over coronavirus fears February 7, 2020 Ericsson has decided to pull out of the Mobile World Congress (MWC) 2020 in Barcelona due to the risk posed by the coronavirus outbreak. It is a huge blow for the largest telecoms trade show of the year with one of the biggest exhibitors pulling out just two weeks before it was due to begin. [...]
China tells Trump ‘no effort spared’ on fighting coronavirus after doctor’s death February 7, 2020 Chinese President Xi Jinping told his US counterpart that everything possible was being done to contain the spread of the coronavirus following an outcry over the death of a doctor who had warned of the impending epidemic. The death toll currently stands at just under 650 people, including Dr Li Wenliang, who had been threatened [...]
Burberry says coronavirus has had ‘more significant impact on sales than Hong Kong protests’ February 7, 2020 Burberry has said that the coronavirus outbreak in China has had a more significant impact on its sales than the last year’s Hong Kong protests. The luxury fashion group has had to close around 24 of its 64 stores in China, while the rest were operating on reduced hours. The Chinese market accounts for around [...]
FTSE 100 rises after China cuts US tariffs amid coronavirus outbreak February 6, 2020 The FTSE 100 and global stock markets have risen after China cut tariffs on US goods in a bid to boost market sentiment amid the coronavirus outbreak, with an all-Europe index hitting a record high. The FTSE 100 was 0.3 per cent higher by 3pm, despite the third case of coronavirus being reported in the [...]