Categories: Market Overview

UK lawmakers accuse Huawei of ‘collusion’ with Beijing

There is “clear evidence of collusion” between Huawei and the “Chinese Communist Party apparatus,” a new report from U.K. lawmakers claimed. British members of parliament also suggest the Chinese telecom giant’s equipment could be stripped out of the country’s networks earlier than originally planned.

The latest comments from the U.K. will add pressure to Huawei, which has been blocked from key markets like Australia and Japan and is facing a number of sanctions from Washington that are aimed at cutting it off from key technologies like chips.

In July, the U.K. government announced that mobile network operators in the country would have to stop buying Huawei equipment by the end of this year. They would also need to rip out Huawei gear from their infrastructure by 2027. That decision was a result of the U.K.’s National Cyber Security Center emergency review of Huawei shortly after the U.S. put new sanctions on the Chinese giant that cut it off from key semiconductor supplies.

A separate inquiry by the British Parliament’s defense committee into the U.K.’s 5G security published Thursday, said that a 2027 timeline to remove Huawei gear from networks is “sensible” but a 2025 timeline could be considered under specific circumstances.

UK lawmakers accuse Huawei of ‘collusion’ with Beijing, say telco’s gear may be axed from British networks by 2025, CNBC, Oct 8

The FxPro News Team

This team of professional journalists announces the most interesting and influential articles from the major financial media as a brief summary. All such news may have sufficient potential to affect the course of trading assets.

Share
Published by
The FxPro News Team

Recent Posts

Central banks did not scare the dollar

Central banks prefer to pause. The strengthening of the dollar prevented gold from reaching a…

5 hours ago

The crypto market is updating its lows but avoiding sharp changes

The crypto market remains volatile; Bitcoin and altcoins fluctuate amid investor caution, ETF activity, and…

6 hours ago

JPMorgan Chase Wave Analysis – 18 December 2025

JPMorgan Chase: ⬇️ Sell - JPMorgan Chase reversed from resistance area - Likely to fall…

16 hours ago

EURUSD Wave Analysis – 18 December 2025

EURUSD: ⬇️ Sell - EURUSD reversed from resistance area - Likely to fall to support level…

16 hours ago

AUDJPY Wave Analysis – 18 December 2025

AUDJPY: ⬆️ Buy - AUDJPY reversed from support area - Likely to rise to resistance…

17 hours ago

Palladium Wave Analysis – 18 December 2025

Palladium: ⬆️ Buy - Palladium broke multi-month resistance level 1600.00 - Likely to rise to resistance…

17 hours ago

This website uses cookies