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

Strong macro data and rate spreads are the USD’s main weapon

Strong US macro data and wide rate spreads boost the dollar, pressuring EURUSD and gold;…

2 hours ago

Top 10 Forex Trading Strategies

We have outlined the 10 best forex trading strategies with clear logic, real-world context, and…

3 hours ago

Bitcoin has not crossed the correction line

Bitcoin holds near $95.5K as the market steadies but hasn't confirmed a exit from correction…

3 hours ago

CHFJPY Wave Analysis – 15 January 2026

CHFJPY: ⬇️ Sell - CHFJPY reversed from resistance zone - Likely to fall to support level…

15 hours ago

WTI Crude Oil Wave Analysis – 15 January 2026

WTI Crude Oil: ⬇️ Sell - WTI Crude Oil rising inside minor impulse wave (1) -…

15 hours ago

Costco Wave Analysis – 15 January 2026

Costco: ⬆️ Buy - Costco rising inside minor impulse wave (1) - Likely to reach resistance…

15 hours ago

This website uses cookies