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Huawei: China warns of investment blow to UK over 5G ban

Image copyright Getty Images A top Chinese diplomat has warned that there could be “substantial” repercussions for her country’s investment in the UK, if Huawei were to be banned from Britain’s 5G network. Chen Wen also told the BBC that Beijing had already “witnessed some conscious moves” in that direction. Last week, the US put […]

Sir Philip Green ‘grabbed women’s breasts’ Lords told

Media captionLord Hain addresses the House of Lords Sir Philip Green grabbed women’s breasts and slapped their bottoms, a peer has claimed. Lord Hain told the House of Lords that staff had made hundreds of complaints about the retail tycoon. Last year Lord Hain named the Topshop boss as the person behind a legal injunction […]

Colluding drug firms ‘cost the NHS millions of pounds’

Image copyright Getty Images Image caption Prochlorperazine is prescribed for nausea and dizziness Four pharmaceutical firms have been accused of illegally colluding to restrict the supply of an anti-nausea tablet, driving the price paid for it by the NHS up by 700%. The Competition and Markets Authority (CMA) said the cost of Prochlorperazine rose from […]

Boeing: Regulators to meet about grounded 737 Max

Image copyright Rex Features Image caption Boeing’s 737 Max aircraft Aviation regulators from around the world will meet on Thursday to decide when the grounded Boeing 737 Max will return to the skies. The meeting, led by the US Federal Aviation Administration (FAA), could start the timetable on when the aircraft goes back in service. […]

Panasonic ‘suspends transactions’ with Huawei after US ban

Image copyright Getty Images Japan’s Panasonic said it was halting business with Huawei to comply with US restrictions, dealing a fresh blow to the Chinese telecoms firm. Last week the US put Huawei on a list of companies that American firms cannot trade with unless they have a licence. The ban applies to goods having […]

Body Shop owner to buy Avon for £1.6bn

Image copyright Avon Brazilian cosmetics group Natura has announced that it is buying UK-based direct-selling cosmetics business Avon. Natura, which already owns The Body Shop and Aesop, is Brazil’s top business in cosmetics, perfumes and toiletries. Its all-stock offer of about $2bn (£1.6bn) means Natura shareholders will hold 76% of the combined company, which will […]

Sky Bet boss: ‘Industry should consider funding treatment centres’

Image caption Richard Flint has run Sky Bet for over a decade, and will step down as executive chairman next month The boss of one of the country’s biggest online betting companies says the industry should consider funding a network of gambling treatment centres. Richard Flint, executive chairman of Sky Bet, told BBC News the […]

Topshop tycoon Sir Philip Green to close 23 stores

Image copyright Getty Images Topshop tycoon Sir Philip Green plans to close 23 stores, putting 520 jobs under threat, as part of a rescue plan. Under the proposal, Burton, Dorothy Perkins and Topshop stores will close and rents will be cut at another 194 stores at the Arcadia group. It is another blow to the […]

Millions lost in ‘celebrity-backed scams’

Image copyright Getty Images Celebrity influencers are being used to promote crypto-currency and currency trading schemes which turn out to be scams, the City watchdog has warned. These celebrities often have a large following on social media – an opportunity seized on by con-artists to cast a wide net for potential victims. Bogus online trading […]

Ren Zhengfei says US government ‘underestimates’ Huawei

Image copyright Getty Images Huawei founder Ren Zhengfei has remained defiant towards US moves against his company, saying the US “underestimates” its abilities. Speaking to Chinese state media, Mr Ren downplayed the impact of recent US curbs and said no-one could catch up to its 5G technology in the near future. Last week the US […]

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