Mike Pompeo warned of Huawei risk ahead of Raab meeting January 29, 2020 Foreign secretary Dominic Raab met with Pompeo this evening to discuss co-operation between the two countries but Huawei did not feature in their discussion. The US Secretary of State Mike Pompeo called for the UK to “relook” at the decision to allow Huawei to have a role in its 5G infrastructure earlier today. The “special [...]
Coronavirus could hit Bosch automotive supply chain in China, warns chief executive January 29, 2020 The biggest automotive supplier in the world has warned the coronavirus outbreak could hit its global supply chain. The chief executive of Bosh, Volkmar Denner, said that although there has been no disruption yet, “we are naturally concerned”. Bosch relies heavily on China as a global manufacturing base for exporting electric motors, transmissions and power [...]
Coronavirus: Brits returning from Wuhan face two weeks in quarantine January 29, 2020 British citizens being flown back to the UK from the Chinese city of Wuhan tomorrow will be put in quarantine for two weeks as a precaution against coronavirus. The government will evacuate Britons from Wuhan, where the outbreak started, and the surrounding Hubei province as the virus spreads across China. Hundreds could be flown home. [...]
Hong Kong stocks tumble three per cent on coronavirus fears January 29, 2020 The Hong Kong stock index slumped three per cent overnight in its first day of trading since the coronavirus outbreak intensified over the Chinese Lunar New Year. Coronavirus has now claimed 132 lives while the number of cases has hit 5,974. The jump in deaths has triggered an international response, with British Airways the latest [...]
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 [...]