MPs summon China-owned firm execs over security concerns

A leading UK-based firm will be summoned on Tuesday by MPs to answer questions over security concerns. There are concerns that the Chinese owner of Imagination Technologies has renewed efforts to transfer ownership of sensitive security software to companies controlled by China. Lawmakers worry the coronavirus crisis is diverting attention from controversial technology transfers. The fear is … https://bbc.in/3eelxAi

British Steel: Takeover by Chinese firm completed

Jingye Group said that the move would save more than 3,000 jobs in Scunthorpe and Teesside and it would modernise the towns’ steelworks. The firm reportedly offered £50m to buy the company after it collapsed and was placed under the control of the UK Insolvency Service last year. Unions have said that although the deal “must be celebrated”, about 450 workers still face losing their jobs. British … https://bbc.in/2QvBx6J

Hongkong Land pays a record 31 billion yuan for Shanghai land plot as it continues its search for growth in mainland China

Hongkong Land, 50 per cent owned by Jardine Matheson, plans to build office buildings, shopping malls and high-rise apartment buildings on the plot at West Bund. The parcel will yield 1.8 million square metres (1.94 billion square feet) of gross area. Hongkong Land Holdings Limited, a unit of one of the biggest British conglomerates of the colonial era, has paid a record price for a piece of … http://bit.ly/2TTUUY9

Boris breaks ranks on 5G

How Huawei has strained the UK’s ‘special relationship’ with the US. Boris Johnson, who read Classics at university, seems more comfortable looking back to the ancient world than peering ahead to the technologies of the future. During his stint as London’s mayor he talked up the British capital as a tech hub. But his utterances on next-generation technology were generally limited to requests … http://bit.ly/2U9KMw9