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February 21, 2020
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New UK business minister urged to move fast on audit reform

Reuters
LONDON (Reuters) – Britain’s new business minister Alok Sharma was urged on Friday to come forward as soon as possible with a draft law to create a more powerful accounting watchdog. Britain’s Secretary of State for Business, Energy and Industrial Strategy Alok Sharma is seen outside Downing Street in London,......
Reuters - Business

Japan’s MUFG, Mizuho in London rehiring spree despite Brexit

Reuters
LONDON (Reuters) – Japan’s MUFG (8306.T) and Mizuho (8411.T) have hired a total of nearly 100 staff in London in the last 6 months, bolstering their trading and investment banking teams despite industry concerns over Brexit’s impact on financial services in Britain. FILE PHOTO: The full moon is seen rising......
Reuters - Business

Britain ‘reasonably confident’ of U.S. trade deal despite Huawei concerns

Reuters
SINGAPORE (Reuters) – Britain takes U.S. concerns about its use of Huawei equipment seriously but is confident a trade deal with the United States will be among its first after leaving the European Union, its foreign secretary said on Monday. Britain’s foreign secretary Dominic Raab visits a research laboratory which......
Reuters - Business

Anti-Huawei UK lawmakers conducting ‘witch-hunt’: Chinese ambassador

Reuters
FILE PHOTO: Chinese Ambassador to Britain Liu Xiaoming talks to the crowd following the Chinese Lunar New Year parade through central London, Britain January 26, 2020. REUTERS/Simon Dawson LONDON (Reuters) – Senior members of Prime Minister Boris Johnson’s Conservatives who have demanded Chinese telecoms giant Huawei must not have a......
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‘We’ll see; – U.S. Vice President on whether U.K.’s 5G decision could hurt possible trade deal

Reuters
FILE PHOTO: U.S. Vice President Mike Pence speaks during a campaign rally by U.S. President Donald Trump in Des Moines, Iowa, U.S., January 30, 2020. REUTERS/Jonathan Ernst WASHINGTON (Reuters) – U.S. Vice President Mike Pence said on Friday that Britain’s decision to let Huawei Technologies have a limited role in......
Reuters - Business

UK seeks big tariff reductions in U.S. trade deal

Reuters
LONDON (Reuters) – Britain is seeking far-reaching reductions in tariffs from a trade deal with the United States, trade minister Liz Truss said on Thursday, setting out the broad aims of her post-Brexit push to secure new free trade agreements. FILE PHOTO: A worker opens the door of a container......
Reuters - Business

Brexit trade deal clash: UK and EU spar over rules

Reuters
LONDON/BRUSSELS (Reuters) – The European Union and Britain clashed over a post-Brexit trade deal on Monday, with the two sides setting out very different visions of a future relationship that could result in the most distant of ties. Almost three days since Britain officially left the EU, both sides presented......
Reuters - Business

Brexit trade deal clash: UK and EU begin sparring over rules

Reuters
LONDON/BRUSSELS (Reuters) – The European Union and Britain clashed over a post-Brexit trade deal on Monday with Prime Minister Boris Johnson insisting he need not sign up to the bloc’s rules and Brussels warning of tariffs and quotas unless he did. Britain wants to negotiate a trade deal by the......
Reuters - Business

Airbus to pay around 1 billion euros in UK slice of global bribery settlement

Reuters
FILE PHOTO: An Airbus A350-1000 performs during the 53rd International Paris Air Show at Le Bourget Airport near Paris, France June 18, 2019. REUTERS/Pascal Rossignol/File Photo LONDON (Reuters) – Airbus, the world’s largest aircraft maker, will pay just under 1 billion euros ($1.11 billion)in a British settlement to draw a......
Reuters - Business

Factbox: Huawei’s involvement in other countries’ telecoms networks

Reuters
LONDON (Reuters) – Prime Minister Boris Johnson granted Huawei [HWT.UL] a limited role in Britain’s 5G mobile network on Tuesday, defying U.S. pressure to exclude the Chinese company from next-generation communications over fears Beijing could use them to spy. FILE PHOTO: Small toy figures are seen in front of a......
Reuters - Business

Defying Trump, UK’s Johnson refuses to ban Huawei from 5G

Reuters
LONDON (Reuters) – Prime Minister Boris Johnson granted Huawei a limited role in Britain’s 5G mobile network on Tuesday, frustrating a global attempt by the United States to exclude the Chinese telecoms giant from the West’s next generation communications. Defying Britain’s closest ally in favour of China on the eve......
Reuters - Business

Defying Trump, Britain’s Johnson gives Huawei restricted 5G remit

Reuters
LONDON (Reuters) – Prime Minister Boris Johnson granted Huawei [HWT.UL] a limited role in Britain’s 5G mobile network on Tuesday, resisting U.S. pressure to exclude the Chinese company from next generation communications over fears Beijing could use them to spy. Britain’s Prime Minister Boris Johnson reacts as he listens to......
Reuters - Business

Johnson’s choice: Britain faces policy test over Huawei 5G role

Reuters
LONDON (Reuters) – Prime Minister Boris Johnson will decide if China’s Huawei should have a role in Britain’s future 5G mobile network on Tuesday, a choice that risks damaging relations with the United States or China on the eve of Brexit. Britain’s Prime Minister Boris Johnson reacts as he listens......
Reuters - Business

Britain seeks Huawei ‘solution’ as U.S. pressure mounts

Reuters
LONDON (Reuters) – Prime Minister Boris Johnson will meet senior ministers on Tuesday to decide whether to allow the use of equipment made by China’s Huawei in Britain’s future 5G mobile network. Britain’s Prime Minister Boris Johnson reacts as he listens to students during his visit to King’s Maths School,......
Reuters - Business

Trump’s ‘massive’ U.S.-UK trade deal faces big hurdles

Reuters
WASHINGTON (Reuters) – Britain is the United States’ closest ally but their long friendship may be sorely tested as the two countries try to forge a new trade agreement after Britain’s exit from the European Union. FILE PHOTO: Britain’s Prime Minister Boris Johnson welcomes U.S. President Donald Trump at the......
Reuters - Business

United States cautions Britain over Huawei

Reuters
DAVOS/LONDON (Reuters) – The United States cautioned Britain ahead of a decision by Prime Minister Boris Johnson on what role Huawei will have in 5G telecommunications networks that Washington still had significant concerns about the Chinese telecoms behemoth. The logo of Huawei is seen in Davos, Switzerland Januar 22, 2020.......
Reuters - Business

Britain says Huawei alternatives are limited, decision soon: minister

Reuters
The logo of Huawei is seen in Davos, Switzerland Januar 22, 2020. REUTERS/Arnd Wiegmann LONDON (Reuters) – Britain will soon decide what role China’s Huawei will have in its 5G telecommunications network but there are only a limited number of alternative providers, business minister Andrea Leadsom said on Thursday. “Well......
Reuters - Business

A thousand EU financial firms plan to open UK offices after Brexit

Reuters
LONDON (Reuters) – More than a thousand banks, asset managers, payments companies and insurers in the European Union plan to open offices in post-Brexit Britain so they can continue serving UK clients, regulatory consultancy Bovill said on Monday. FILE PHOTO: A person walks through the Canary Wharf financial district of......
Reuters - Business

U.S. officials to visit Britain, pushing for Huawei 5G ban

Reuters
LONDON (Reuters) – A delegation of U.S. officials will arrive in Britain on Monday to try to persuade Britain not to use Huawei equipment in the upgrade of its telecoms network, two people with knowledge of the matter said on Sunday. FILE PHOTO: An attendee wears a badge strip with......
Reuters - Business

‘Shot across the bow’: U.S. increases pressure on UK ahead of key Huawei decision

Reuters
LONDON/WASHINGTON (Reuters) – The United States is making a final pitch to Britain ahead of a U.K. decision on whether to upgrade its telecoms network with Huawei equipment, amid threats to cut intelligence-sharing ties, people with knowledge of the matter told Reuters. FILE PHOTO: The logo of Huawei Technologies is......

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