Britain’s NSC to discuss Huawei today

Britain’s PM Boris Johnson and US President Donald Trump during the G7 summit in Biarritz, France. The US has been ‘grappling with China’s rising technological clout.’ (Reuters/File)
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Updated 14 July 2020
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Britain’s NSC to discuss Huawei today

  • Washington has pushed UK to reverse decision to grant the company a limited role in 5G

LONDON: Prime Minister Boris Johnson is set to ban Huawei from Britain’s 5G network in a landmark decision that will anger Beijing but win plaudits from President Donald Trump as the United States grapples with China’s rising economic and technological clout.

The United States has pushed Johnson to reverse his January decision to grant Huawei a limited role in 5G, while London has been dismayed by a crackdown in Hong Kong and by the perception that China did not tell the whole truth over coronavirus.

Britain’s National Security Council (NSC), chaired by Johnson, will meet on Tuesday to discuss Huawei. Media Secretary Oliver Dowden will announce a decision to the House of Commons later in the day. The government has not provided a time.

The immediate excuse for the about-turn in policy is the impact of new US sanctions on chip technology, which London says affects Huawei’s ability to remain a reliable supplier.

It is unclear how far Johnson will go on Tuesday. Telecoms firms already had to cap Huawei’s role in 5G at 35 percent by 2023. Reducing it to zero over an additional two to fours years is now being discussed, although operators have warned that going too fast could delay key technology and disrupt services.

Asked about Huawei in June, Johnson said he would protect critical infrastructure from “hostile state vendors.” Justice Secretary Robert Buckland said on Monday the “priority” would be national security.

The United States says Huawei, the world’s biggest producer of telecoms equipment, is an agent of the Chinese Communist State and cannot be trusted.

Huawei denies it spies for China and has said the United States wants to frustrate its growth because no US company could offer the same technology at a competitive price.

The United States is worried that 5G dominance is a milestone toward Chinese technological supremacy that could define the geopolitics of the 21st century.

Angering China just as Britain extracts itself from the European Union will put London firmly back on the side of its closest ally, the United States.

It would also mark the end of what former Prime Minister David Cameron cast as a “golden era” in ties with China.

China’s ambassador to Britain has said a U-turn on Huawei would damage Britain’s image and it would have to “bear the consequences” if it treated China as a hostile country.


No Saudi acquisition offers: FC Barcelona tells Al-Eqtisadiah

Updated 16 December 2025
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No Saudi acquisition offers: FC Barcelona tells Al-Eqtisadiah

CAIRO: FC Barcelona has not received any offers, whether from Saudi Arabia or elsewhere, to acquire the club, according to an official source who spoke to Al-Eqtisadiah.

According to the source, the circulating news regarding the possibility of finalizing a deal to acquire the club in the coming period is a mere rumor.

Recent Spanish reports had indicated the possibility of a Saudi acquisition of Barcelona shares for around €10 billion ($11.7 billion), a move considered capable of saving the club from its financial crises if it were to happen, especially as it suffers from debts estimated at around €2.5 billion.

Sale not in management’s hands

Joan Gaspart, the former president of the club, confirmed that the current board of directors, chaired by Joan Laporta, does not have the right to dispose of the club’s ownership.

He added: “FC Barcelona is owned by about 150,000 members, and selling the club is something the owners will not accept. FC Barcelona possesses something no other club in the world has; money is very important, and so is passion, but the sentiment of the members today is to continue what the club has been for 125 years.”

High market value

Despite the financial crisis the club has been going through in recent years, FC Barcelona ranks sixth on the list of the world’s highest market value clubs, with an estimated value of €1.12 billion, according to Transfermarkt. Meanwhile, its rival Real Madrid tops the list with a market value of €1.38 billion.