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British Prime Minister Boris Johnson on Tuesday included US-banned Huawei by giving it a limited role in the country’s 5G mobile network.
Johnson allowed “high-risk vendors” such as Huawei to partake in the non-sensitive parts of the 5G network of Britain. This means that Huawei will be excluded from sensitive processes of the 5G including data processing and be barred from going to nuclear sites and military bases.
After the public announcement of Huawei’s inclusion in Britain’s project, Johnson and the U.S. President Donald Trump spoke by phone. The British government said in a statement, “The Prime Minister underlined the importance of like-minded countries working together to diversify the market and break the dominance of a small number of companies.”
“We look forward to working with the UK on a way forward that results in the exclusion of untrusted vendor components from %G networks,” said a U.S. official before the phone call between the two leaders.
“I fear London has freed itself from Brussels only to cede sovereignty to Beijing,” said U.S. Senator Tom Cotton.
After a record decline seen last quarter, Britain’s economy is expected to grow at its most rapid pace in decades. The recovery is likely as large portions of the economy resumed operations after coronavirus-related lockdowns were lifted. Despite ...
On Thursday, United Airlines' (UAL.O) and its pilots' union said that they had reached an agreement on two different resolutions to reduce involuntary furloughs in August. The company said that it would keep pilots ready once the global travel ...
China's Commerce Ministry stated on Thursday that it would take the 'necessary' measures in response to the United Kingdom's ban on Huawei Technologies Co Ltd (HWT.UL). The government agency said that it would severely damage China's investment ...
The dollar firmed on Thursday as a decline in Chinese retail sales worried investors, while the rest of the market anticipates the EU summit this weekend. The euro was down 0.1% to $1.1401, while the dollar stood at 106.95 on the yen. The ...
Gold prices were down slightly on Wednesday in Asia, losing gains made in a previous session. However, the safe haven asset’s losses remained limited as COVID-19 worries mounted on top of worsening U.S.-China relations. Gold futures ...
KYC Policy