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UPDATE 2-Trump on UK's Huawei ban: 'I did this myself'

Wed, 15th Jul 2020 10:43

* UK is a relatively small place, China says

* Investment in UK will suffer, China says

* Trump says: I am responsible for UK ban
(Adds quotes from China)

By Guy Faulconbridge and Niklas Pollard

LONDON/BEIJING, July 15 (Reuters) - U.S. President Donald
Trump said he was responsible for Prime Minister Boris Johnson's
decision to ban Huawei from Britain's 5G network, a remark that
London brushed off and Beijing said said proved the British move
was political.

Johnson on Tuesday ordered Huawei equipment to be purged
completely from Britain's 5G network by the end of 2027, risking
the ire of China by signalling that the world's biggest telecoms
equipment maker was not welcome in the West.

Washington had long been pressing for such a step, and is
still calling on other European countries to make similar moves.

"We convinced many countries, many countries - I did this
myself for the most part - not to use Huawei, because we think
it's an unsafe security risk, it's a big security risk," Trump
told reporters in the White House Rose Garden.

"I talked many countries out of using it: if they want to do
business with us, they can't use it. Just today, I believe that
UK announced that they're not going to be using it."

Britain has said that its ban on Huawei is motivated by its
own security concerns and by worries that supplies of Huawei
gear could be interrupted by U.S. sanctions.

It denied that Trump alone was responsible for the Huawei
ban. Asked about the comments, British Health Secretary Matt
Hancock said: "Well, we all know Donald Trump, don't we."

China said Trump's remark showed Johnson's decision was
about geopolitics rather than security.

"This once again demonstrates that the relevant bans on
Huawei are completely unrelated to national security, rather
this is highly politicised manipulation," foreign ministry
spokeswoman Hua Chunying said. "The UK deciding to ban the use
of Huawei will hurt the UK’s own interests. The world is big.
The UK is a relatively small place."

As Britain prepares to cast off from the European Union,
fears over the security of Huawei have forced Johnson to take
sides in the global rivalry between the United States and China.

Trump identifies China as the United States' main
geopolitical rival, and has accused the Communist Party-ruled
state of taking advantage over trade and not telling the truth
over the novel coronavirus outbreak, which he calls the "China
plague".

Washington and its allies say Huawei technology could be
used to spy for China. Huawei has denied this.

Britain has acknowledged that without equipment from Huawei
it will take it longer to roll out faster 5G mobile networks.
China said investment in Britain will suffer.

"Now I would even say this is not only disappointing - this
is disheartening," said Liu Xiaoming, China's ambassador to
London.
(Reporting by Guy Faulconbridge in London and Martin Pollard in
Beijing; Editing by Michael Holden, Alex Richardson and Peter
Graff)

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20 Nov 2023 09:31

IN BRIEF: BT and Aurelius in talks to buy used-tech seller musicMagpie

musicMagpie PLC - Stockport, England-based used-technology reseller - Confirms it is in "early stage discussions" with telecommunications provider BT Group PLC and asset manager Aurelius Group for the pair to make a takeover offer for musicMagpie. Talks are "ongoing and remain at a very early stage", musicMagpie says. There is no certainty that an offer will be made, it says, but BT and Aurelius have a deadline of December 18 to announce a firm intention to make an offer or walk away.

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20 Nov 2023 09:00

LONDON MARKET OPEN: Ashtead tumbles on guidance cut; Diploma rises

(Alliance News) - Stock prices in London made little progress on Monday morning, as investors were in a 'wait-and-see' mood ahead of UK fiscal announcements and US central bank minutes.

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20 Nov 2023 07:49

LONDON BRIEFING: Ashtead cuts guidance; BT eyes musicMagpie

(Alliance News) - Stocks in London are set to open slightly lower on Monday, as oil prices advance while the dollar falls back.

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14 Nov 2023 12:00

LONDON MARKET MIDDAY: FTSE 100 underperforms before US inflation

(Alliance News) - London's FTSE 100 went into Tuesday afternoon in the red, hurt by a stronger pound, though European peers were in better shape ahead of a key US inflation reading.

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14 Nov 2023 09:15

BT reduces pension funding deficit despite "uncertainty and headwinds"

(Alliance News) - BT Group PLC on Tuesday said it has agreed its triennial pension valuation and deficit recovery plan with its pension scheme, despite the "uncertainty and headwinds" observed since 2020.

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3 Nov 2023 17:01

LONDON MARKET CLOSE: Stocks end week mixed on soft US employment data

(Alliance News) - Stock prices in London closed mixed on Friday, as some soft US data seemingly confirmed that the central banks are done with interest rate hikes, at least for now.

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3 Nov 2023 09:31

LONDON BROKER RATINGS: JPMorgan lifts Smith & Nephew

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2 Nov 2023 16:58

LONDON MARKET CLOSE: Stocks buoyant as investors bet rates have peaked

(Alliance News) - Stocks prices soared in London on Thursday as investors bet interest rates have peaked despite the best efforts of central bank officials to curb expectations.

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2 Nov 2023 15:12

London close: Stocks rise as BoE keeps rates steady

(Sharecast News) - London's stock markets ended the day on a positive note on Thursday, following the Bank of England's decision to maintain interest rates as markets widely expected.

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2 Nov 2023 12:21

LONDON MARKET MIDDAY: Pound up as BoE warns on higher rates for longer

(Alliance News) - Stocks in Europe went into the afternoon on the up, while the pound also rose, as the Bank of England cautioned that monetary policy will need to be "sufficiently restrictive for sufficiently long".

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2 Nov 2023 09:07

LONDON MARKET OPEN: BT rises on profit jump; Trainline shines

(Alliance News) - European markets rallied on Thursday following the US interest rate hold, and the FTSE 100 was no exception, with investors anticipating a similar move from the Bank of England later in the day.

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2 Nov 2023 09:01

TOP NEWS: BT has "bright future" as interim profit climbs 29%

(Alliance News) - BT Group PLC on Thursday reported a jump in profit, placing the company in a good position ready for its new chief executive officer.

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2 Nov 2023 07:28

BT upbeat on full-year prospects after first half growth

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26 Oct 2023 15:47

UK earnings, trading statements calendar - next 7 days

Friday 27 October 
International Consolidated Airlines Group SAQ3 Results
NatWest Group PLCQ3 Results
Monday 30 October 
Airtel Africa PLCHalf Year Results
Computacenter PLCTrading Statement
Glencore PLCTrading Statement
HSBC Holdings PLCQ3 Results
Lok'n Store Group PLCFull Year Results
Pearson PLCTrading Statement
Tuesday 31 October 
BP PLCQ3 Results
Coca-Cola HBC AGTrading Statement
Elementis PLCTrading Statement
essensys PLCFull Year Results
Georgia Capital PLCQ3 Results
Grit Real Estate Income Group LtdFull Year Results
RHI Magnesita NVTrading Statement
Spectris PLCQ3 Results
TP ICAP Group PLCTrading Statement
UP Global Sourcing Holdings PLCFull Year Results
Wednesday 1 November 
Asos PLCFull Year Results
Aston Martin Lagonda Global Holdings PLCQ3 Results
Beximco Pharmaceuticals LtdFull Year Results
GSK PLCQ3 Results
Next PLCTrading Statement
Smurfit Kappa Group PLCTrading Statement
Weir Group PLCTrading Statement
Thursday 2 November 
BT Group PLCHalf Year Results
Derwent London PLCTrading Statement
Entain PLCTrading Statement
Haleon PLCQ3 Results
Helios Towers PLCQ3 Results
Hikma Pharmaceuticals PLCTrading Statement
Howden Joinery Group PLCTrading Statement
J Sainsbury PLCHalf Year Results
Kin & Carta PLCFull Year Results
OSB Group PLCTrading Statement
Shell PLCQ3 Results
Smith & Nephew PLCQ3 Results
TI Fluid Systems PLCTrading Statement
Trainline PLCHalf Year Results
  
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