Toyota, Starbucks and LVMH shut down some China operations over coronavirus fears January 29, 2020 Japanese carmaker Toyota, US coffee chain Starbucks and French luxury goods company LVMH have all shut down some of their China operations in reaction to the spread of the coronavirus. Toyota said today that it would keep its plants in China closed until at least 9 February in reaction to the spread of the virus. [...]
Johnson’s Huawei gamble is exactly that January 29, 2020 So, they’re in. After all the hullaballoo of recent weeks, the actual announcement that Huawei will be granted access to the UK’s 5G infrastructure was something of a damp squib, slipped out in a press release that didn’t even dare mention the name of the Chinese company. This is Boris Johnson’s first major decision, and [...]
Hong Kong Racing Tips: Rev can ensure Hall’s night ends on a High January 28, 2020 CHINA’S population is enduring a very tough time at present as a result of the deadly virus which is causing grief around the world. The outbreak has meant that there is a partial lockout for all visitors at both Sha Tin and Happy Valley for the foreseeable future. Only key personnel, horse connections, media and [...]
Luxury goods giant LVMH ‘cautiously confident’ about 2020 January 28, 2020 Luxury goods giant LVMH said it was “cautiously confident” about the year ahead despite the “uncertain geopolitical context”, as it reported a jump in profit and revenue for 2019. Revenue soared 15 per cent to €53.7bn (£45.5bn) in 2019 and profit from recurring operations also jumped 15 per cent to €11.5bn, despite disruption caused by [...]
UK businesses breathe sigh of relief as Huawei gets the green light January 28, 2020 UK businesses today welcomed the decision to allow Huawei a limited role in the country’s 5G networks, hailing a “sensible compromise” to the fraught row over national security. In a long-awaited ruling, the government said the Chinese tech firm, which has been classed a “high-risk vendor”, will be allowed to build non-core parts of the [...]
FTSE 100 edges higher after coronavirus sell-off January 28, 2020 The FTSE 100 has climbed higher in early-afternoon trading, making up lost ground after stock markets crumbled yesterday amid fears over the spread of coronavirus. The UK’s benchmark index had risen 0.5 per cent by 1.45pm to stand at 7,449. France’s CAC 40, Germany’s Dax and the Euronext 100 each also gained around 0.5 per [...]
Huawei gets government’s go ahead for limited involvement in UK 5G January 28, 2020 Chinese tech firm Huawei has been given the go-ahead for limited involvement in the UK’s 5G infrastructure, the government has confirmed. The full details of the decision, which was agreed at a meeting of the National Security Council this morning, are expected to be laid out by culture secretary Baroness Nicky Morgan in the House [...]
Huawei 5G verdict Q&A: All of your questions answered January 28, 2020 Boris Johnson today issued his verdict on Huawei, ruling that the Chinese tech firm will be granted a role in building the UK’s 5G network. A long-awaited government ruling said the controversial company, which is classed as a high-risk vendor, will be allowed to build non-core parts of the next-generation mobile system. However, Huawei will [...]
How the coronavirus knocked seven per cent off Burberry’s share price January 28, 2020 Shares in British luxury brand Burberry continued to fall this morning on the designer’s exposure to the Chinese market, which has been hit by the outbreak of coronavirus. The retailer’s share price is down a further three per cent to 1,939.5p this morning after closing down 4.6 per cent last night as the spread of [...]
Could the coronavirus derail the global recovery? January 28, 2020 Concerns over the spread of the coronavirus are escalating as the death toll has jumped to 81 with 2,744 confirmed cases worldwide (as at 11:00 GMT, 27 January). Travel restrictions on about 40 million people around Wuhan, in the Hubei province of China, have been introduced in an effort to contain the outbreak. However, cases [...]