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 [...]
Coronavirus death toll hits 106 as it spreads to Beijing January 28, 2020 Deaths from the coronavirus have now hit triple figures as China revealed the first death of a victim in Beijing today. The ongoing outbreak has now claimed 106 lives while China’s National Health Commission has counted more than 4,515 confirmed cases. Yesterday the number stood at 81 deaths and 2,600 cases. Most victims are people [...]
Year of the Rat: How China’s coronavirus outbreak is spreading tremors through world markets January 28, 2020 Saturday marked the beginning of the Year of the Rat. This animal — representing the first of the 12 signs of the zodiac — is associated with wealth and prosperity in China. In other cultures, the rat is more often associated with plague and disease. It is unfortunate, then, that the dominant Chinese story this [...]
DEBATE: Does it make sense to ban Huawei from access to the UK 5G network? January 28, 2020 Does it make sense to ban Huawei from access to the UK 5G network? Matt Kilcoyne, deputy director of the Adam Smith Institute, says YES. Chinese state-owned enterprises are accused by our Five Eyes intelligence partners in Australia and the US of keeping extensive databases on foreign individuals. That’s everything from who you’ve rung, when [...]
UK confirms 73 people have tested negative for coronavirus January 27, 2020 A total of 73 people have tested negative for coronavirus in the UK as the death toll in China rises to 81. The Department of Health and Social Care (DHSC) announced today that there had been no coronavirus cases in the UK or of UK citizens abroad, and the risk to the public is low. [...]
Coronavirus sends US markets into the red January 27, 2020 US stocks markets opened sharply lower this afternoon as investors grew fearful that the coronavirus outbreak – which has killed 81 – will damage the global economy. The S&P 500 was down 1.3 per cent shortly after the bell, while the Dow Jones was 1.2 per cent lower and the tech-heavy Nasdaq had fallen 1.6 [...]
FTSE 100 ‘in panic mode’ as coronavirus fears push it into red January 27, 2020 FTSE 100 stocks have fallen deep into the red today as fears rise over the spread of coronavirus, which has now claimed 81 lives in China. Britain’s blue-chip index was down 2.3 per cent by 2pm at 7,412 as hoteliers, airlines and luxury goods firms with links to China suffered. As the death toll mounted, [...]