News Snapshot:
However, another reason, possibly the strongest motivation, was Johnson’s disposition to not encourage the wrath of Donald Trump and possibly imperil future US-UK trade talks. The US president has been pressurizing allies to enforce a complete ban on Huawei 5G infrastructure. Deteriorating UK-China relations may also hit the British banking sector. UK-based bank HSBC has fallen foul of Beijing’s suspicion that it was involved in the arrest of Huawei CFO Meng Wanzhou. China warns the UK economy may flounder (Image: GETTY) Beijing is poised to place HSBC on a list of unreliable entities, this would seriously detriment the company’s ability...
