UK set to phase out Huawei from 5G network in major U-turn – reports | Politics News

The UK is poised to end the use of Huawei technology in its 5G network as soon as this year over security concerns, according to reports.

Boris Johnson is set for a major policy change after GCHQ is believed to have reassessed the risks posed by the Chinese company, The Sunday Telegraph said.

The prime minister decided in January to allow Huawei to play a limited role in the UK’s 5G network as he defied security concerns, particularly from the US, about the firm.

Boris Johnson will reportedly be presented with a GCHQ report on Huawei this week

But a study set to be presented to Mr Johnson this week will declare that US sanctions on Huawei will force the company to use technology that is “untrusted”, reports say.

A report by GCHQ’s National Cyber Security Centre has decided the US sanctions barring Huawei from using technology relying

Read More

Three-quarters of UK manufacturers set to cut jobs this year

Almost three-quarters of UK manufacturers are preparing to cut jobs in the next six months, according to new figures that will heap further pressure on the government to protect employment ahead of an economic stimulus package expected next week.

More than 10,000 jobs have already been put at risk in the past week across industries such as retail and aviation. Now, manufacturers are also warning of widespread redundancies as the government’s furlough scheme begins to wind down.

More than 40 per cent of manufacturers said they would make job cuts before the end of the year, according to a survey of members by Make UK, which represents the sector. A further third said redundancies were possible. 

Next week, the chancellor is expected to reveal a package of measures to boost the economy, from tax cuts to investment pledges, with companies calling for the immediate extension of financial support to help

Read More

Coronavirus: Boris Johnson set to announce cut in two-metre social distancing rule on Tuesday | Politics News

Boris Johnson will announce on Tuesday which sectors of England’s economy can reopen from 4 July – and he is expected to set out a reduction in the two-metre social distancing rule.

Labour have said that “under certain circumstances” they would support moving to one metre.

In line with the government’s roadmap for lifting the lockdown, 4 July marks the start of “phase three” when some hospitality businesses can reopen, likely to include pubs and restaurants.

Guidance will be published to ensure companies are “COVID secure”. Pic: Matt Brown/Flickr

The government says it will publish detailed guidance to ensure these companies are “COVID secure”.

The prime minister is due to seek advice from experts and finalise the changes on Monday, before seeking approval from his Cabinet and outlining the plans to parliament on Tuesday.

Other nations of the UK have yet to change their two-metre guidance.

But both

Read More

European stocks set for higher open as investors monitor coronavirus

European markets are heading for a cautiously higher open Friday as investors monitor recent upticks in coronavirus cases in various countries.

Britain’s FTSE 100 is seen around 11 points higher at 6,235, Germany’s DAX is expected to open around 35 points higher at 12,317 and France’s CAC 40 is expected to edge around 11 points higher to 5,970, according to IG data.

Investor focus will likely remain on a resurgence of coronavirus cases in some parts of the world, with four U.S. states reporting a spike in new cases and hospitalizations amid attempts to reopen their economies. Meanwhile, a Chinese Center for Disease Control expert said Thursday that a recent outbreak in Beijing is now under control.

Stocks in Asia Pacific edged higher overnight, with China’s Shenzhen component adding more than 1% to lead gains while Australia’s S&P/ASX 200 climbed 0.75%.

Geopolitical tensions also resurfaced Thursday, with U.S. President Donald

Read More