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Boris Johnson has survived the first Conservative rebellion of the new UK parliament over the involvement of Chinese telecommunications firm Huawei in Britain’s 5G networks.
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Justin Trudeau’s industry minister said Canada won’t be strong-armed into a decision on restricting a Chinese technology giant’s access to next-generation wireless networks.
Huawei pleaded not guilty on Wednesday to racketeering charges filed last month by US prosecutors who accused the Chinese telecommunications equipment giant of a 20-year pattern of corporate espionage.
A group of US senators wants to remove a preferred investment status for countries such as the UK that allow for the installation of Huawei Technologies equipment in their 5G networks.
Huawei Technologies, the Chinese technology giant barred from doing business with US suppliers, is finding a way around the strict limits imposed by the Trump administration.
Missteps helped drive shares of Nokia in its current form close to their all-time lows as a multiple of expected earnings. Its new CEO, Pekka Lundmark, is tasked with the difficult job of returning it to prosperity.
Nokia is exploring strategic options as fierce competition puts pressure on the Finnish network equipment maker’s earnings, people familiar with the matter said.
Rebel politicians in Boris Johnson’s Conservative Party are piling pressure on the prime minister to reverse his decision to allow Huawei to help build the UK’s next-generation wireless networks.