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Tag: northern europe

  • First images of British banknotes featuring King Charles III unveiled | CNN Business

    First images of British banknotes featuring King Charles III unveiled | CNN Business

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    London
    CNN Business
     — 

    The first images of banknotes featuring Britain’s King Charles III were unveiled on Tuesday by the Bank of England.

    Charles’ portrait will appear on English notes of £5, £10, £20 and £50. Meanwhile, the rest of the design will remain the same as the current notes that feature the late Queen Elizabeth II on the front. The cameo in the transparent security window will also feature the current monarch, the United Kingdom’s central bank said in a press release.

    The new banknotes are expected to enter circulation by mid-2024 and will co-circulate with notes featuring the Queen’s portrait, which will remain legal tender in the UK, according to the bank.

    “This is a significant moment, as The King is only the second monarch to feature on our banknotes,” Bank of England Governor Andrew Bailey said ahead of the release.

    The reverse side of the notes will remain unchanged – the current designs feature portraits of Winston Churchill, Jane Austen, JMW Turner and Alan Turing on the reverse of the £5, £10, £20 and £50 notes, respectively.

    “To minimize the environmental and financial impact of this change, new notes will only be printed to replace worn banknotes and to meet any overall increase in demand for banknotes,” the Bank of England added.

    Earlier this month, the first coins bearing the official effigy of King Charles III entered circulation. The 4.9 million 50 pence coins feature the King’s portrait, and on the reverse, a design symbolizing the “life and legacy” of the late Queen, according to the Royal Mint.

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  • UK’s controversial plan to deport asylum seekers to Rwanda ruled lawful by court | CNN

    UK’s controversial plan to deport asylum seekers to Rwanda ruled lawful by court | CNN

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    London
    CNN
     — 

    The UK’s controversial policy to deport some asylum seekers to Rwanda was deemed lawful by the country’s High Court on Monday.

    A group of NGOs, asylum seekers and a civil service trade union had questioned the legality of the scheme, which would see asylum seekers deemed to have entered the UK illegally sent to Rwanda to have their asylum claims processed.

    The court deemed the government is able to make those arrangements. But it also criticized Home Secretary Suella Braverman for failing to properly assess the circumstances surrounding individual people set to be moved under the scheme.

    Braverman “must decide if there is anything about each person’s particular circumstances which means that his asylum claim should be determined in the United Kingdom or whether there are other reasons why he should not be relocated to Rwanda,” Lord Justice Lewis said in his ruling.

    She “has not properly considered the circumstances of the eight individual claimants whose cases we have considered,” the judge continued. Those eight cases will be sent back to the Home Office for Braverman to reassess, he said.

    The UK government’s partnership with the East African country has been the subject of fierce criticism since it was announced by former UK Home Secretary Priti Patel in April.

    It has been backed by ex-Prime Minister Boris Johnson, his successor Liz Truss and current leader Rishi Sunak, along with most of the ruling Conservative party.

    But it has a host of critics, including dozens of refugee rights groups, international agencies, British lawmakers on both sides of the House of Commons, the head of the Anglican church and some Rwandan opposition politicians.

    The first flight to Rwanda was set to take off on June 14, but the European Court of Human Rights stepped in at the eleventh hour, and months of legal challenges have stalled the program in the months since.

    The UK says it will pay Rwanda £120 million ($145 million) over the next five years to finance the scheme. 

    Braverman welcomed the Monday verdict, saying in a statement that she is “committed to making this partnership work.

    “My focus remains on moving ahead with the policy as soon as possible and we stand ready to defend against any further legal challenge,” she said.

    But the ruling was met with disappointment from campaigners, who have long contended that the plan is unethical and ineffective.

    “We are very disappointed in the outcome of this case. If the Government moves ahead with these harmful plans, it would damage the UK’s reputation as a country that values human rights and undermine our commitment to provide safety to those fleeing conflict and oppression, as enshrined in the 1951 Refugee Convention,” Enver Solomon, chief executive of the Refugee Council, said in a statement.

    “Treating people who are in search of safety like human cargo and shipping them off to another country is a cruel policy that will cause great human suffering,” Solomon added. “The scheme is wrong in principle and unworkable in practice.”

    The number of people making dangerous journeys across the English Channel in small boats has spiked in recent years, with 2022 once again seeing record highs despite the government insisting that the Rwanda policy would work as a deterrent.

    It remains to be seen whether the policy will now operate effectively; the prospect of individual claims on behalf of migrants still threatens to scupper Sunak’s plans to get the policy off the ground.

    But the ruling will be welcomed by the government, which has sunk in popularity and lost the faith of most voters on a number of issues, according to opinion polls.

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  • Biden to name former Rep. Joe Kennedy III as Northern Ireland envoy Monday morning | CNN Politics

    Biden to name former Rep. Joe Kennedy III as Northern Ireland envoy Monday morning | CNN Politics

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    CNN
     — 

    President Joe Biden will announce Monday morning that former Massachusetts Rep. Joe Kennedy III will serve as the US envoy to Northern Ireland, according to a source with knowledge.

    CNN reported last week that Kennedy would be named to the post, which was has been vacant since former Trump White House chief of staff Mick Mulvaney resigned in 2021.

    Kennedy will be taking the post as the British government and the European Union clash over the Northern Ireland protocol, which dictates cross-border trade regulations between Northern Ireland and the rest of the United Kingdom.

    Biden has been an active follower of the discussions and has pressed London and Brussels to come to an agreement that would not threaten the hard-fought peace in Northern Ireland. He has pressed the matter with the last three British prime ministers, including the current leader Rishi Sunak, arguing that an agreement should be reached by the anniversary of the 1998 Good Friday agreement in April.

    Kennedy is expected to focus primarily on economic matters, not political ones, though Northern Ireland has been without a fully functioning government for months.

    Former President Bill Clinton appointed the first US special envoy to Northern Ireland, Sen. George Mitchell, to help broker the Good Friday agreement.

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  • Amazon warehouse workers in UK vote to go on strike | CNN Business

    Amazon warehouse workers in UK vote to go on strike | CNN Business

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    CNN
     — 

    Amazon warehouse workers at a facility in the United Kingdom plan to go on strike, their union confirmed to CNN on Friday, in a move that’s being billed as a first for the company’s workers in the country.

    The GMB union, which represents workers in a range of industries in the UK, said that hundreds of Amazon workers at a warehouse in Coventry overwhelmingly voted for the strike, which is expected to take place in the new year.

    The labor action stems from workers’ dissatisfaction over Amazon’s proposed pay raises, according to the union. It also comes as soaring inflation in the UK has forced households to grapple with skyrocketing food and energy costs.

    “Amazon workers in Coventry have made history – they will be the first ever in the UK to take part in a formal strike,” Amanda Gearing, GMB senior organizer, said in a statement to CNN on Friday. “The fact that they are being forced to go on strike to win a decent rate of pay from one of the world’s most valuable companies should be a badge of shame for Amazon.”

    “Amazon can afford to do better,” Gearing added, noting that it is “not too late to avoid strike action,” and urged Amazon to come to the bargaining table to “improve the pay and conditions of workers.”

    In a statement to CNN on Friday, a UK Amazon spokesperson touted the company’s pay and benefits. “We appreciate the great work our teams do throughout the year and we’re proud to offer competitive pay which starts at a minimum of between £10.50 and £11.45 per hour, depending on location.”

    “This represents a 29 per cent increase in the minimum hourly wage paid to Amazon employees since 2018,” the statement added. “On top of this, we’re pleased to have announced that full-time, part-time and seasonal frontline employees will receive an additional one-time special payment of up to £500 as an extra thank you.”

    The move from Amazon workers in the UK also comes as Amazon workers in the United States continue to organize and push for collective bargaining rights.

    Amazon workers at a warehouse in Staten Island, New York, made history earlier this year when they voted to form the first-ever labor union at one of the company’s US facilities. Despite the landmark victory for the worker group, known as the Amazon Labor Union, the company has yet to formally recognize the union or come to the bargaining table.

    Amazon CEO Andy Jassy suggested in remarks last month that the company’s legal battle with the union is “far from over,” despite the National Labor Relations Board indicating the union is on the cusp of being certified.

    Other recent attempts to unionize at Amazon warehouses in the United States have come up short.

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  • Joe Kennedy III expected to be named as special envoy to Northern Ireland | CNN Politics

    Joe Kennedy III expected to be named as special envoy to Northern Ireland | CNN Politics

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    CNN
     — 

    President Joe Biden is expected to name former congressman Joe Kennedy III as his special envoy to Northern Ireland for economic affairs, according to two people familiar with the plans, installing a member of one of the United States’ most famous political families to the post at a critical moment for the region.

    The role has been vacant since Mick Mulvaney, also a former congressman and White House chief of staff, left the post at the end of the Trump administration.

    Biden is naming the former Massachusetts lawmaker at a moment of Brexit-related tension in Northern Ireland, months ahead of the 25th anniversary of the Good Friday agreement which ended decades of sectarian violence in Northern Ireland.

    The British government and the European Union have clashed over the Northern Ireland protocol, which dictates cross-border trade regulations between Northern Ireland and the rest of the United Kingdom.

    Biden has been an active follower of the discussions and has pressed London and Brussels to come to an agreement that would not threaten the hard-fought peace in Northern Ireland. He has pressed the matter with the last three British Prime Ministers, including the current leader Rishi Sunak, arguing an agreement should be reached by the anniversary of the Good Friday agreement in April.

    The role of US special envoy to Northern Ireland has been in place for decades, since Sen. George Mitchell was installed by President Bill Clinton and helped broker the Good Friday agreement.

    Kennedy is expected to focus primarily on economic matters, not political ones, though Northern Ireland has been without a fully functioning government for months.

    He will be the third member of the Kennedy family serving in a diplomatic post under Biden. Caroline Kennedy, the daughter of former President John F. Kennedy, is Biden’s ambassador to Australia, and Victoria Kennedy, the widow of the late Sen. Ted Kennedy, is currently ambassador to Austria.

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  • Danish bank pleads guilty to multi-billion dollar fraud scheme on U.S. Banks | CNN Business

    Danish bank pleads guilty to multi-billion dollar fraud scheme on U.S. Banks | CNN Business

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    CNN
     — 

    Federal prosecutors announced a plea deal and $2 billion forfeiture Tuesday with Danske Bank, one of Denmark’s largest banks, for illegally allowing foreign actors to funnel money through their branch in Estonia in order to gain unlawful access to the US financial system.

    The guilty plea marks the end of a years-long investigation into the company after accusations that it funneled billions of dollars in illicit payments from high-risk clients, including in Russia, into countries including the United States.

    Danske Bank agreed forfeit over $2 billion as part of the plea agreement, according to the Justice Department, which required the bank to plead guilty to one count of conspiracy to commit bank fraud.

    In addition to the criminal guilty plea, the SEC announced a separate settlement with Danske Bank over the allegations of money laundering in which the bank agreed to pay approximately $413 million.

    The Justice Department said that it will credit the bank approximately $850 million to settle other claims with SEC and the Danish authorities.

    “Today’s guilty plea by Danske Bank and two-billion-dollar penalty demonstrate that the Department of Justice will fiercely guard the integrity of the U.S. financial system from tainted foreign money – Russian or otherwise,” Deputy Attorney General Lisa Monaco said in a statement Tuesday. “Whether you are a U.S. or foreign bank, if you use the U.S. financial system, you must comply with our laws… Failure to do so may well be a one-way ticket to a multi-billion-dollar guilty plea.”

    The bank, according to the Justice Department, was aware of billions of dollars being funneled over an eight-year period through an Estonia branch into accounts in the United States and elsewhere without the proper anti-money laundering information about each account. The Estonia branch of the bank processed around $160 billion during that time period, prosecutors say.

    The bank promised customers they could move money through an Estonia branch with little to no oversight, prosecutors allege. Bank employees in Estonia conspired with their customers, the department alleged, and helped “to shield the true nature of their transactions, including by using shell companies that obscured actual ownership of the funds.”

    Though Danske Bank was aware the branch had potentially broken the law and was not meeting the standards of the company’s anti-money laundering program, executives overlooked the transactions and lied about information regarding Danske Bank Estonia’s customers and their risk profile.

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  • Microsoft buys stake in London Stock Exchange in cloud data deal | CNN Business

    Microsoft buys stake in London Stock Exchange in cloud data deal | CNN Business

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    London
    CNN
     — 

    Microsoft

    (MSFT)
    is buying a 4% stake in the London Stock Exchange as part of a deal that will see the market operator spend at least $2.8 billion over 10 years on the software provider’s cloud services.

    The companies announced the partnership in a joint statement on Monday, touting the benefits it will deliver to the stock exchange’s customers through improved data and analytics. Shares of the London Stock Exchange Group (LSEG) gained 4% in early trade.

    The partnership “creates attractive revenue growth opportunities for both companies,” LSEG CEO David Schwimmer said in the statement.

    As part of the deal, the London Stock Exchange’s data platform and other technology infrastructure will migrate into Microsoft’s Azure cloud environment.

    The companies also plan to work together to develop new products and services for data and analytics using Microsoft Azure, Microsoft Teams and Microsoft’s artificial intelligence (AI) capabilities.

    As a start, the exchange will be able to share its data and analytics with Teams and Microsoft 365, which includes Excel and PowerPoint.

    “The partnership will build on the good progress made by LSEG on the integration of Refinitiv and enhance its position as a world-leading financial markets infrastructure and data provider,” the statement said.

    LSEG completed its $27 billion acquisition of Refinitiv last year, making it the second largest financial data company after Bloomberg. Its data and analytics business makes up two-thirds of group revenue.

    The deal with Microsoft includes a commitment by LSEG to spend at least $2.8 billion on the software provider’s cloud-related products and services over the 10-year term of the partnership. This is consistent with existing long-term spending plans, according to the statement.

    Microsoft will buy its LSEG shares from Blackstone and Thomson Reuters

    (TRI)
    . The purchase is expected to complete in the first quarter of 2023.

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  • Japan, Britain and Italy plan sixth-generation fighter jet to rival world’s most-advanced warplanes | CNN

    Japan, Britain and Italy plan sixth-generation fighter jet to rival world’s most-advanced warplanes | CNN

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    CNN
     — 

    The United Kingdom, Japan and Italy announced Friday they are teaming up to build a sixth-generation fighter jet, designed to rival or eclipse the best warplanes now employed by the likes of China and Russia – and possibly even the United States, the main ally of the trio.

    “We are announcing the Global Combat Air Program (GCAP) – an ambitious endeavour to develop a next-generation fighter aircraft by 2035,” British, Japanese and Italian leaders said in a joint statement.

    The leaders’ statement did not mention China or Russia by name, but said the new fighter jet is needed because “threats and aggression are increasing” against the “rules-based, free and open international order.”

    “Defending our democracy, economy and security, and protecting regional stability, are ever more important,” the leaders said.

    In a separate statement, the British government said development of the new warplane is expected to begin in 2024, and it is expected to be flying by 2035.

    It will showcase technologies from each of the three partners, the British statement said.

    “The ambition is for this to be a next-generation jet enhanced by a network of capabilities such as uncrewed aircraft, advanced sensors, cutting-edge weapons and innovative data systems,” it added.

    The new jet is seen as a replacement for Britain’s Typhoon fighters and Japan’s F-2s.

    The new program will see Britain, Japan and Italy going their own way without the assistance of the US, the world’s preeminent warplane maker.

    All three countries are part of the US fifth-generation F-35 stealth fighter program, under which all three fly the F-35 and versions of the warplane are assembled in Italy and Japan. The new jet is not expected to affect the F-35 program.

    In a joint statement with the Japanese Defense Ministry, the Pentagon backed the development of the new warplane.

    “The United States supports Japan’s security and defense cooperation with likeminded allies and partners, including with the United Kingdom and Italy – two close partners of both of our countries – on the development of its next fighter aircraft,” the US-Japan statement said.

    Meanwhile, the UK-Japan-Italy statement said the new plane would be designed to integrate with the defense programs of all their allies and partners.

    “Future interoperability with the United States, with NATO and with our partners across Europe, the Indo-Pacific and globally – is reflected in the name we have chosen for our program. This concept will be at the center of its development,” it said.

    The leaders said the GCAP program “will support the sovereign capability of all three countries to design, deliver and upgrade cutting-edge combat air capabilities.”

    Critics say that strict US export controls on military technology have sometimes limited what customers of planes like the F-35 can do to adapt them to their specific needs.

    The US also has a sixth-generation fighter jet – known as the Next-Generation Air Dominance (NGAD) program – in the works. It is designed to be the successor to its F-22, which along with the F-35, is considered the world’s top fighter jet.

    The NGAD program has similar aims to the joint UK-Japan-Italy plan.

    “The Air Force intends for NGAD to replace the F-22 fighter jet beginning in 2030, possibly including a combination of crewed and uncrewed aircraft,” a US Congressional Research document says.

    But as of now the US is pursuing the NGAD program alone.

    The British, Japanese and Italian leaders highlighted the benefits of working together.

    “It will deepen our defense cooperation, science and technology collaboration, integrated supply chains, and further strengthen our defense industrial base,” their joint statement said.

    The program is also expected to provide an economic boost.

    “This program will deliver wider economic and industrial benefits, supporting jobs and livelihoods across Japan, Italy and the UK,” the statement said.

    The British statement said a 2021 analysis by PricewaterhouseCoopers predicted the new warplane program could support about 21,000 jobs a year by 2050 and contribute an estimated $32.1 billion (£26.2 billion) to the economy.

    Meanwhile, China and Russia are also thought to be pursuing sixth-generation aircraft.

    China and Russia now fly fifth-generation fighters – Beijing’s J-20 and J-31 jets and Moscow’s Su-57.

    But the US-designed F-35s are widely seen as equal to or better than the Chinese or Russian aircraft.

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  • Why we think we’re in a recession when the data says otherwise | CNN Business

    Why we think we’re in a recession when the data says otherwise | CNN Business

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    A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link.


    New York
    CNN Business
     — 

    It seems like you can’t go anywhere these days without colliding headfirst into another ominous prediction of imminent recession. CEOs, portfolio managers, politicians, news pundits, second cousins and even Cardi B are sounding the alarm: Hear ye! Hear ye! Economic downturn awaits all who dare enter 2023!

    But those predictions contradict the slew of positive economic data we’ve seen: The job market is healthy, wages are growing, Americans are spending and GDP is strong. Business is also good: Companies are largely beating revenue expectations and reporting positive earnings results.

    The Federal Reserve’s regimen of painful interest rate hikes meant to tame persistent inflation could certainly cool the economy — as could events in Eastern Europe and China — but the economy has been able to successfully endure nearly a year of hikes and war in Ukraine with barely a dent.

    It’s possible that recession chatter is just that. Chatter.

    What’s happening: No one would ever accuse investors of shying away from their emotions: Passions run high on trading floors where feelings are often as valid as facts and fear and greed can sometimes run the show. Economists, on the other hand, are a data-dependent, stoic bunch. The US economy is not Wall Street, and market downturns are not recessions — but sometimes they get jumbled together in the public eye and their borders become hazy.

    That appears to be the case: The Fed’s attempts to tamp down sky-high inflation are having an outsized impact on markets — the S&P 500 is down about 18% so far this year but there has so far been little impact on the US economy as a whole.

    This week, a number of top executives warned of an economic slowdown in 2023. CEOs from Goldman Sachs, JPMorgan, General Motors, Walmart, United and Union Pacific all said they were making plans for less-profitable times ahead. But hidden behind those “CEO PREDICTS RECESSION” headlines lies a lot of uncertainty.

    Rising interest rates and geopolitical chaos are pointing towards storm clouds on the horizon, JPMorgan CEO Jamie Dimon told CNBC on Tuesday: “When you look out forward, those things may well derail the economy and cause this mild-to-hard recession that people are worried about.” When pressed to predict what was coming, he deflected. “It could be a hurricane. We simply don’t know,” he said. What was left unsaid was that sunny days are also a possibility.

    Feedback loop: United Airlines CEO Scott Kirby also told CNBC on Tuesday that “we’re probably going to have a mild recession induced by the Fed.” He then went on to say that demand in his industry is higher than ever and United entered the fourth quarter with profit margins near all-time highs. He doesn’t see any indication of a slowdown on the horizon, either.

    So why does he think a recession is coming? “If I didn’t watch CNBC in the morning, the word ‘recession’ wouldn’t be in my vocabulary,” he said. “You just can’t see it in our data.”

    It’s almost as though Kirby predicted recession was imminent because other prominent voices predicted that recession was imminent. And it’s possible that we’re all stuck in a feedback loop that amplifies unjustified fear.

    Prophecies are often self-fulfilling. If CEOs believe recession is coming, they preemptively batten down the hatches — and that means less spending and more layoffs, which in turn can trigger an economic downturn.

    Goldman CEO David Solomon said Tuesday that the bank may soon terminate staff and exercise caution with its financial resources due to the mounting economic uncertainty. Morgan Stanley will reportedly slash its workforce by about 1,600 people, roughly 2% of the total.

    The upside: Some parts of Wall Street seem to be avoiding the recession fervor. ​​A recent study by Goldman Sachs found that smart money is betting on a soft landing. Money managers have been favoring industrial and commodity stocks that are sensitive to economic downturns. Stocks that act as a buffer during economic downturns like consumer staples and utilities have fallen out of favor at investment funds with assets totaling almost $5 trillion, Goldman strategists found.

    “Current sector tilts are consistent with positioning for a soft landing,” they wrote.

    Oil prices have tumbled to their lowest level since Christmas as worries about the health of the economy weigh on crude, overshadowing concerns about new restrictions imposed on Russian energy, reports my colleague Matt Egan.

    Brent crude, the world benchmark, lost nearly 3% on Thursday to around $77.45 a barrel.

    The oil selloff comes after the West hit Russia with new restrictions that, so far at least, do not appear to be derailing global energy markets.

    The European Union on Monday imposed a ban on seaborne oil imports from Russia, while the West placed a $60 cap on Russian oil. Both moves are designed to hurt Russia’s ability to finance its war in Ukraine, without hurting consumers by causing Moscow to slash oil production.

    “Russia oil is still on the market. As of now, it appears Russia is willing to play ball,” said Robert Yawger, vice president of oil futures at Mizuho Securities.

    The tame reaction from energy markets is a welcome gift for Americans heading on long drives this holiday season, as prices at the gas pump are expected to continue their recent plunge.

    US oil this week hit its lowest level since December 23, 2021, before recovering a little on Thursday to trade up 2% at $73.60 a barrel. That leaves oil down by 43% since briefly topping $130 a barrel in March amid fears about Russia’s invasion of Ukraine.

    The national average price for regular gasoline dipped by three cents to $3.33 a gallon on Thursday, according to AAA. Gas prices have dropped 14 cents in the past week and 47 cents in a month. The national average is a cent lower than a year ago when they averaged $3.34 a gallon.

    Britain is bracing for further disruption from strikes heading into the Christmas period, as ambulance drivers and nurses join rail operators and postal workers in the worst wave of walkouts the country has endured for at least a decade, reports my colleague Hanna Ziady.

    More than 20,000 ambulance workers, including paramedics and call handlers, are expected to strike on December 21 in a dispute over pay, according to statements from labor unions GMB, Unison and Unite.

    The strike will involve just under half of all ambulance drivers in England, Wales and Northern Ireland, although unions have said they will cover life-threatening emergencies during the walkouts. More than 10,000 ambulance workers represented by the GMB Union will strike again on December 28.

    Strikes have swept the United Kingdom this year, as workers grapple with a cost-of-living crisis and stagnating wages. Consumer prices rose by 11.1% in the year to October, a 41-year high. Once inflation is taken into account, average wages fell by the biggest drop on record earlier this year, and were still declining in the June-September period.

    According to The Times newspaper, one million UK workers are set to strike in December and January. Data from the Office for National Statistics shows Britain has already lost at least 741,000 days to strike action this year, putting it on track for its worst year of labor disputes in at least a decade.

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  • UK government greenlights first new coal mine in three decades | CNN

    UK government greenlights first new coal mine in three decades | CNN

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    CNN
     — 

    The UK has greenlit a controversial plan to open the country’s first new coal mine in three decades, a little more than a year after the nation tried to convince the world to ditch coal at the COP26 climate talks in Glasgow.

    Michael Gove, the UK housing and communities secretary, on Wednesday approved the plan to open the Whitehaven coal mine in Cumbria, a county in northwestern England that is home to the World Heritage-listed Lake District.

    The controversial mine is expected to create more than 500 jobs. But the environmental trade-off is steep: The UK Climate Change Committee (CCC), an independent group that advises the government, has estimated the mine and the coal it will produce will emit around 9 million tons of planet-warming emissions every year.

    Supporters of the mine argue the project will create jobs and secure the fossil fuel for British steelmaking; however, 85% of the coal mined is due to be exported.

    The CCC has criticized the decision. Committee chairman Lord Deben said in a statement: “Phasing out coal use is the clearest requirement of the global effort towards Net Zero. We condemn, therefore, the Secretary of State’s decision to consent to a new deep coal mine in Cumbria, contrary to our previous advice. This decision grows global emissions and undermines UK efforts to achieve Net Zero.”

    The mine’s approval was also met with fierce criticism from scientists and environmentalists.

    “A new coal mine in Cumbria makes no sense environmentally or economically,” said Paul Ekins, Professor of Resources and Environmental Policy at the UCL Institute for Sustainable Resources, in a statement. “It will add to global CO2 emissions, as the new supply will not replace other coal but divert it elsewhere, and it will become stranded in the 2030s as the steel industry globally moves away from coal.”

    Ekins also said that the mine’s approval “trashes the UK’s reputation as a global leader on climate action and opens it up to well justified charges of hypocrisy – telling other countries to ditch coal while not doing so itself.”

    The government initially approved the project, but then put it on hold after a wave of protests, including a 10-day hunger strike by two teenage activists.

    It came under intense pressure to reject the plan in 2021, the year it hosted the COP26 talks in Glasgow.

    Alok Sharma, the COP26 President and a lawmaker for the governing Conservative Party, campaigned against the mine.

    “Opening a new coal mine will not only be a backward step for UK climate action but also damage the UK’s hard-won international reputation, through our COP26 Presidency, as a leader in the global fight against climate change,” he said ahead of the announcement on Wednesday.

    The decision comes a little more than a year after the conference, and after lengthy discussions between the UK government, local authorities and the public.

    The Cumbria County Council had also approved the plan three times, but it backtracked its decision last February and called for a planning inquiry, effectively shifting the decision to the national government.

    The Whitehaven mine, also known as the Woodhouse Colliery, is scheduled to operate until 2049, which is just a year before the UK’s self-imposed deadline to slash greenhouse gas emissions to net zero (emitting as little greenhouse gas as possible, and offsetting any emissions that cannot be avoided).

    According to the International Energy Agency, investment into new fossil fuels infrastructure must stop immediately if the world wants any chance of achieving net zero by 2050. The latest climate science shows that achieving net zero by mid-century is necessary to keep temperatures from rising well above 1.5 degrees Celsius, compared with pre-industrial times. Beyond that threshold, the world will face climate crisis impacts that could take millennia to correct, or could be irreversible altogether.

    Climate activists have protested against the project, while West Cumbria Mining, which is developing the mine, said the project would bring hundreds of new jobs into a struggling region. Its opponents argue these jobs may not be secure, given the huge momentum in Europe to phase out coal.

    “Opening a coal mine in Cumbria is investing in 1850s technology and does not look forward to the 2030s low carbon local energy future,” Stuart Haszeldine, a professor at the School of GeoSciences at the University of Edinburgh, said in a statement.

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  • What is Strep A, the common bacterium that has killed 6 children in the UK? | CNN

    What is Strep A, the common bacterium that has killed 6 children in the UK? | CNN

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    London
    CNN
     — 

    Health officials in the United Kingdom are advising parents and schools to watch for Strep A infections following the recent deaths of six children.

    With Covid-19 restrictions such as masking and social distancing no longer required in the UK, infections such as Strep A are spreading more easily, with cases increasing over the past month.

    Also known as Group A Streptococcus (GAS), Strep A can cause a range of symptoms varying from minor to severe but is not fatal for most people who become infected.

    Strep A is a bacterium found in the throat and on the skin. It usually causes fever and throat infections, and many people carry it without any symptoms. However, they can still spread it to others through coughs, sneezes and close contact.

    Symptoms of infection include pain when swallowing, fever, skin rashes and swollen tonsils and glands, with infection common in crowded settings such as schools and daycare centers, the US Centers for Disease Control and Prevention (CDC) says on its website.

    “(Infection) tends to be fairly harmless,” Beate Kampmann, professor of Paediatric Infection & Immunity, and director of the Vaccine Centre at the London School of Hygiene & Tropical Medicine, said in a statement on Friday.

    “(But) in very rare circumstances when the bacterium produces a toxin it can gain access to the bloodstream and cause really serious illness” such as sepsis, heart inflammation and toxic shock with organ failure, she said.

    She advised parents to seek medical advice immediately if a child looks “very ill” with symptoms such as fever, vomiting, muscle aches or a rash.

    To confirm a Strep A infection, clinicians usually either use a rapid antigen detection test (RADT) or a throat culture, according to the CDC. A culture is when a sample such as mucus or skin is taken from a person and tested to see if it contains a bacterial infection, like Strep A. Due to the varying sensitivities of RADTs, a throat culture is the preferred diagnostic test.

    Similarly in the UK, infections are typically diagnosed with a culture taken from the infected site – for example, the throat, according to the UK Health Security Agency (UKHSA).

    Invasive Group A Streptococcus (iGAS) is the term used when the bacteria invade the body, overcoming its natural defenses to enter areas such as the blood, and is more dangerous, the UKHSA explains on its website.

    While there is no vaccine to prevent Strep A or iGAS infections, antibiotics are usually effective at treating them.

    “We are seeing a higher number of cases of Group A strep this year than usual,” Colin Brown, deputy director at UKHSA, said in a statement on Friday.

    The increase in iGAS this year has particularly been observed in children under 10, the UKHSA added. Five children have died in England. One death has been reported in Wales, according to Public Health Wales.

    Data from UKHSA shows that there were 2.3 cases per 100,000 children aged 1 to 4 between mid-September and mid-November, compared with the average of 0.5 in the pre-pandemic seasons (2017 to 2019).

    For children aged 5 to 9, there were 1.1 cases per 100,000, compared with the pre-pandemic average of 0.3.

    The last period of high infections was between 2017 to 2018, with four children under 10 dying in the equivalent period, the statement added.

    The UKHSA said it doesn’t believe a new strain is circulating, with the increase in infections likely a result of “circulating bacteria and social mixing.”

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  • UK government could mitigate strike action with military to help keep public services running | CNN Business

    UK government could mitigate strike action with military to help keep public services running | CNN Business

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    London
    CNN
     — 

    The British government is looking into bringing in the military to mitigate industrial action and keep public services running, the chairman of the governing Conservative Party said Sunday, after a wave of strikes that were sparked by a cost-of-living crisis and an economy sliding into recession.

    The action includes border control and state-run healthcare services, if key workers including nurses and ambulance drivers go on strike.

    “Our message to the unions is to say, this is not a time to strike, this is time to try and negotiate. But in the absence of that, it’s important for the government, it’s the right and responsible thing to do to have contingency plans in place,” Conservative Party chairman Nadhim Zahawi told Sky News.

    “We’re looking at the military, we’re looking at a specialist response force […] to be able to deal with in the unfortunate circumstance if you do have a strike of border force,” Zahawi added.

    “Of course, in things like driving ambulances, other parts of the public sector, we’ve got to try and minimize disruption,” said Zahawi, in response to a question about strikes affecting the UK’s National Health Service.

    Strikes have swept the UK this year, as workers grapple with a worsening cost-of-living crisis and an economy that is sliding into a recession. CNN Business previously reported that wages have stagnated and failed to keep pace with inflation, now at a 41-year high, setting the stage for clashes between employers and employees.

    Those clashes have already caused widespread disruption, including to train travel, and are now spreading to even more sectors, such as education, healthcare and security.

    More than 70,000 university workers went on strike over pay, working conditions and pensions on Thursday, November 24, and Friday, November 25 at 150 universities across the United Kingdom.

    The strike was the biggest in the history of British higher education, affecting over 2.5 million students, according to the University and College Union, which organized the strike.

    According to the Office for National Statistics, 356,000 days were lost to strike action in August, not far off the previous high recorded in July 2014, when 386,000 days were lost. That number dipped to 205,000 in September.

    The disruption has continued into the winter months, with RMT, Britain’s largest transport union, announcing in November four 48-hour strikes in December and January.

    The Communication Workers Union (CWU), which represents striking postal workers, announced additional walkouts on December 9, 11, 14, 15, 23 and 24, which could jeopardize Christmas deliveries.

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  • Wealthy Russian businessman arrested in London on suspicion of multiple offenses, including money laundering | CNN

    Wealthy Russian businessman arrested in London on suspicion of multiple offenses, including money laundering | CNN

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    CNN
     — 

    A wealthy Russian businessman has been arrested as part of a “major operation” on suspicion of multiple offenses, the United Kingdom’s National Crime Agency said in a statement Saturday.

    The 58-year-old man was arrested Thursday at his “multi-million-pound residence in London by officers from the NCA’s Combatting Kleptocracy Cell” on suspicion of committing offenses including money laundering, conspiracy to defraud the Home Office – the UK government department for immigration and passports – and conspiracy to commit perjury, the agency said.

    A 35-year-old man, employed at the premises, was also arrested “nearby” on suspicion of money laundering and obstruction of an officer “after he was seen leaving the address with a bag found to contain thousands of pounds in cash,” according to the statement.

    A third man, aged 39, who the agency said is the former boyfriend of the businessman’s current partner, was arrested at his home in Pimlico, London, for offenses including money laundering and conspiracy to defraud, according to the statement.

    A person close to the investigation has given CNN more detail on two of the men arrested, saying the 39-year-old man was a national of Russia, Israel, and the UK and the 35-year-old man was a Polish national. The source told CNN the bank notes the 35-year-old was carrying have not yet been counted but were suspected to be in the tens of thousands and in British currency.

    The three individuals have been interviewed by authorities and have been released on bail, according to the statement.

    The Russian Embassy in London has sent a note to British authorities regarding the detention of a Russian citizen, according to a statement from the embassy made available to Russian state news agency RIA Novosti.

    “The Russian Embassy in London has asked the British authorities for clarification in connection with the information from the National Crime Agency about the alleged detention of a Russian citizen in London,” reads the note, according to RIA Novosti.

    “The NCA’s Combatting Kleptocracy Cell, only established this year, is having significant success investigating potential criminal activity by oligarchs, the professional service providers that support and enable them and those linked to the Russian regime,” said the agency’s director general Graeme Biggar.

    “We will continue to use all the powers and tactics available to us to disrupt this threat,” he added.

    More than 50 officers were involved in the operation at the businessman’s London property, the statement said. “A number of digital devices and a significant quantity of cash was recovered following extensive searches by NCA investigators,” according to the statement.

    So far, the agency says it has secured nearly 100 disruptions “against Putin-linked elites and their enablers” and has taken direct action against “a significant number of elites who impact directly on the UK.”

    The agency is also targeting “less conventional routes used to disguise movements of significant wealth, such as high value asset sales via auction houses,” according to the statement.

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  • Leaders of New Zealand and Finland hit back at reporter’s question on age and gender | CNN

    Leaders of New Zealand and Finland hit back at reporter’s question on age and gender | CNN

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    As two of the youngest heads of government and among a small percentage of female world leaders, New Zealand Prime Minister Jacinda Ardern and her Finnish counterpart Sanna Marin have long faced questions about their age and gender.

    But they were quick to shoot down a journalist who asked about the purpose of the first-ever visit to New Zealand by a Finnish prime minister on Wednesday.

    “A lot of people will be wondering are you two meeting just because you’re similar in age and, you know, got a lot of common stuff there,” the journalist said during a joint news conference in Auckland.

    Ardern, 42, was quick to cut off the questioner.

    “I wonder whether or not anyone ever asked Barack Obama and John Key if they met because they were of similar age,” she said, in reference to the former prime ministers of the United States and New Zealand.

    “We, of course, have a higher proportion of men in politics, it’s reality. Because two women meet it’s not simply because of their gender.”

    Marin, 37, who is in New Zealand with a Finnish trade delegation, emphasized the country’s growing trade ties.

    “We are meeting because we are prime ministers,” she said in response.

    She ends her visit to the southern hemisphere in Australia later this week.

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  • Meghan and Harry faced ‘disgusting and very real’ threats, ex-counterterror chief says | CNN

    Meghan and Harry faced ‘disgusting and very real’ threats, ex-counterterror chief says | CNN

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    CNN
     — 

    Meghan, Duchess of Sussex and her husband Prince Harry faced “disgusting and very real” threats from right-wing extremists, a former counterterrorism police chief has said.

    In an interview with Britain’s Channel 4 News on Tuesday, Neil Basu said the threats against Meghan were serious and credible enough that authorities had assigned teams to investigate them.

    “If you’d seen the stuff that was written, and you were receiving it … you would feel under threat all of the time,” said Basu, who was in charge of royal protection during his time at the Metropolitan Police.

    “People have been prosecuted for those threats,” said the former Met assistant commissioner.

    Since news of her relationship with Prince Harry broke in 2016, Meghan has been subjected to harsh criticism in the British press. In particular, the UK tabloids have faced allegations that their negative coverage of Meghan fueled racist attacks against her.

    The racist bullying on social media became so intense during her first pregnancy that the royal staff was put on high alert, beefing up its own digital presence to filter out hateful comments, including use of the n-word and emojis of guns and knives.

    The couple said that the racial abuse Meghan faced was a major factor that drove them to move to the United States and step back as senior members of the royal family.

    In the couple’s bombshell interview with Oprah Winfrey last year, Prince Harry said he felt the palace was not doing enough publicly to combat the continued racial abuse in the press.

    Harry is currently in a legal dispute with the Home Office regarding the family’s security arrangements when they visit the UK.

    The threats against the royal couple came amid a rise in right-wing extremism in Britain, according to Basu.

    Basu said in his interview that during his tenure, extreme right-wing terrorism was the fastest-growing threat facing the country, going from 6% of the counterterroism department’s workload in 2015 to more than 20% at the time of his departure more than a year ago.

    Basu, who is mixed-race, said he believes the Home Office needs to do more to tackle institutional racism.

    “I’ve been the only non-White face as a chief officer for a very long time,” he said. “I don’t think the Home Office cares about this subject at all.”

    The Home Office said in a statement to CNN that UK Home Secretary Suella Braverman expects police forces in the country to “take a zero tolerance approach to racism within their workplace.”

    “We are actively pushing for a cultural change in the police, including via a targeted review of police dismissals to ensure officers who are not fit to serve can be swiftly removed,” a spokesperson for the Home Office said.

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  • UK bans Chinese surveillance cameras from ‘sensitive’ sites | CNN Business

    UK bans Chinese surveillance cameras from ‘sensitive’ sites | CNN Business

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    Hong Kong
    CNN Business
     — 

    Hikvision, a leading Chinese surveillance company, has denied suggestions that it poses a threat to Britain’s national security after the UK government banned the use of its camera systems at “sensitive” sites.

    The restrictions, announced Thursday, will prevent authorities from installing technology that is produced by companies subject to China’s National Intelligence Law, which requires Chinese citizens and organizations to cooperate with the country’s intelligence and security services.

    In a statement to CNN Business on Friday, Hikvision said it was “categorically false to represent Hikvision as a threat to national security.”

    The company said it was hoping to engage with UK officials “urgently” to understand the decision, and had previously spoken with the UK government to clear up what it saw as misunderstandings about its business.

    “Hikvision is an equipment manufacturer that has no visibility into end users’ video data,” the Hangzhou-based company said. “Hikvision cannot access end users’ video data and cannot transmit data from end-users to third parties. We do not manage end-user databases, nor do we sell cloud storage in the UK.”

    In a statement to the UK parliament on Thursday, Cabinet Office Minister Oliver Dowden said that after a security review, government departments had been instructed to stop deploying equipment produced by companies that are subject to the National Intelligence Law.

    Dowden cited “the threat to the UK and the increasing capability and connectivity of these systems,” without specifying further.

    Government departments have also been advised to consider whether to “remove and replace such equipment where it is deployed on sensitive sites rather than awaiting any scheduled upgrades,” he said. The minister added that departments could review whether sites not deemed sensitive should also be taking similar measures.

    The move comes months after UK lawmakers called for a ban on technology by Hikvision and Dahua, another Chinese surveillance camera maker, citing allegations that the firms had been involved in enabling human rights abuses against Uyghurs in Xinjiang.

    The United States in 2019 placed Hikvision and other Chinese companies on a trade blacklist, prohibiting them from importing US technology over similar allegations.

    In a statement released in July by Big Brother Watch, a British nonprofit group that investigates the use of surveillance systems, 67 members of the UK parliament said the Chinese companies should be prohibited from selling their products in the country.

    Big Brother Watch said at the time that it had “found that the majority of public bodies use CCTV cameras made by Hikvision or Dahua, including 73% of councils across the UK, 57% of secondary schools in England, 6 out of 10 National Health Service Trusts, as well as UK universities and police forces.”

    Earlier this year, a UK health minister disclosed that there were 82 Hikvision products in use in his department.

    Hikvision, in its statement, said its cameras were compliant with UK laws and “subject to strict security requirements.”

    Dahua did not immediately respond to a request for comment.

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  • In Britain, nearly 200,000 workers are striking on Black Friday | CNN Business

    In Britain, nearly 200,000 workers are striking on Black Friday | CNN Business

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    London
    CNN Business
     — 

    Britain’s cost-of-living crisis is already taking the shine off Black Friday. Now, the annual shopping bonanza faces an additional threat from strikes that could disrupt deliveries, subdue online sales and deliver another blow to the slumping economy.

    Some 235,000 workers have gone on strike across the United Kingdom this week, encompassing schools, universities and the postal service. Workers are demanding better pay and working conditions as they struggle with soaring food and energy bills.

    Strike action by as many as 115,000 Royal Mail staff on Thursday and Friday threatens to disrupt Black Friday sales and deliveries at a crucial time of the year for retailers.

    Small businesses in particular are suffering “enormous damage” as a result of the postal strikes, as they “rely on an efficient mail service for so much of their trade,” according to a statement posted to LinkedIn and signed by Murray Lambell, eBay

    (EBAY)
    UK general manager, Martin McTague, chair of the Federation of Small Businesses, and Michelle Ovens, founder of campaign group Small Business Britain.

    Postal workers are planning further strike action for November 30 and December 1, following walkouts in August and September.

    “Customers should expect delays to items posted just before, during or just after strike action,” Royal Mail said in a statement.

    Strikes have swept the United Kingdom this year, as workers grapple with a worsening cost-of-living crisis and an economy that is sliding into a recession. Wages have stagnated and failed to keep pace with inflation, now at a 41-year high, setting the stage for clashes between employers and employees.

    Those clashes have already caused widespread disruption, including to train travel, and are now spreading to even more sectors, such as education and healthcare.

    More than 70,000 university workers went on strike over pay, working conditions and pensions on Thursday and Friday at 150 universities across the United Kingdom.

    The strike is the biggest in the history of British higher education, affecting over 2.5 million students, according to the University and College Union, which organized the strike. Another strike is planned for November 30.

    In Scotland, every school on the mainland was shut Thursday after walkouts by as many as 50,000 teachers in the first day of national strike action over pay in almost 40 years, according to the Educational Institute of Scotland, a trade union.

    Meanwhile, the Royal College of Nursing, which has more than 300,000 members, said Friday that nurses would hold a strike on two days in December — the first in the union’s 106-year history — in support of its call for higher pay. Unison, a labor union representing nearly half a million health service workers, will complete its own strike ballot on Friday.

    According to the Office for National Statistics, 356,000 days were lost to strike action in August, not far off the previous high recorded in July 2014, when 386,000 days were lost. That number dipped to 205,000 in September.

    But the picture could get worse again before it gets better, with disruption stretching beyond Black Friday and well into the holiday season. Strike action will also add to losses facing companies and could prompt further job cuts.

    RMT, Britain’s largest transport union, on Tuesday announced four 48-hour strikes in December and January after talks with Network Rail collapsed. Network Rail’s chief negotiator, Tim Shoveller said that striking makes the “precarious financial hole” in which the company finds itself bigger and “the task of finding a resolution ever more difficult.”

    Drivers for Best Food Logistics, who deliver fresh food to restaurants including KFC, Burger King and Pizza Hut, have also voted to strike, according to a statement from the GMB Union on Thursday. No dates have yet been announced and a company spokesperson told CNN Business it is committed to “reach a way forward.”

    The Communication Workers Union (CWU), which represents striking postal workers, has announced additional walkouts on December 9, 11, 14, 15, 23 and 24, which could jeopardize Christmas deliveries. Royal Mail says it has not yet been formally notified of these dates.

    Relations between the company and the union have deteriorated after they failed to reach an agreement on pay and changes to working terms and conditions during talks lasting seven months.

    According to Royal Mail CEO Simon Thompson, the strikes have added £100 million ($121.3 million) to Royal Mail’s losses so far this year and could lead to further job cuts on top of 10,000 already announced.

    “The CWU’s planned strike action is holding Christmas to ransom for our customers, businesses and families across the country, and is putting their own members’ jobs at risk,” Thompson said in a statement.

    Also on Friday, thousands of Amazon

    (AMZN)
    warehouse workers plan to take part in protests and strikes in around 30 countries, including the United States, Britain, Japan, India, Australia, France, Germany and South Africa, according to UNI Global Union.

    This is the third year that the Make Amazon Pay campaign has organized a global day of action on Black Friday. Protests due to take place between shifts at an Amazon warehouse in Coventry, England on Friday evening are not expected to affect Black Friday deliveries.

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  • The US-China chip war is spilling over to Europe | CNN Business

    The US-China chip war is spilling over to Europe | CNN Business

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    Hong Kong
    CNN Business
     — 

    Two European chip deals have run into trouble over their links with China, a sign of concern spreading in the West over potential Chinese control of critical infrastructure.

    Last week, the new owner of Britain’s biggest chipmaker was ordered to unwind its takeover, just days after another chip factory sale was blocked in Germany. Both transactions were hit by national security concerns, and had involved acquisitions by Chinese-owned companies.

    In the United Kingdom, Nexperia, a Dutch subsidiary of Shanghai-listed semiconductor maker Wingtech, was told by the government to sell at least 86% of its stake in Newport Wafer Fab, more than a year after taking control of the factory. Staffers have since been protesting the decision, saying it puts nearly 600 jobs at risk.

    In Germany, the economic ministry barred Elmos Semiconductor, an automotive chipmaker, from selling its factory in the city of Dortmund to Silex, a Swedish subsidiary of China’s Sai Microelectronics.

    Chipmaking was already emerging as a new front in US-China tensions. Now the two troubled deals illustrate how the pressure is also rising in Europe, particularly as Western officials face calls for key sectors to be kept out of Chinese control.

    “These decisions mark a shift towards tougher stances regarding Chinese investment in critical industries in Europe,” said Xiaomeng Lu, director of geo‑technology at Eurasia Group.

    “US pressure definitely contributed to these decisions. [A] growing sense of technology sovereignty also likely prompted these moves — governments around the world are increasingly [viewing the] semiconductors industry as a strategic resource and seek to protect them from foreign takeovers.”

    Legal experts said the two decisions were notable because each deal was initially thought to have been cleared.

    The Newport Wafer case is “the first completed acquisition” that needs to be unwound under a UK national security and investment (NSI) act, which took full effect in January, according to Ian Giles, head of antitrust and competition for Europe, the Middle East and Asia for Norton Rose.

    Nexperia said last week that it was “shocked” by the decision, and that “the UK government chose not to enter into a meaningful dialogue with Nexperia or even visit the Newport site.”

    The company added that it had offered to avoid “activities of potential concern, and to provide the UK government with direct control and participation in the management of Newport,” a 28-acre site in south Wales.

    The factory makes silicon wafers, the basis for making computer chips. Many of its products eventually power cars and medical equipment. Nexperia has indicated that workers at the facility now face an uncertain future.

    In an open letter to the UK government last Thursday, the Nexperia Newport Staff Association said that it was “in disbelief” that employees’ livelihoods had been “put in jeopardy in the run-up to Christmas.”

    “This is clearly a deeply political decision,” the group wrote, rejecting the idea that the deal would undermine British security. “You must see sense and protect our jobs by allowing Nexperia to keep their Newport factory.”

    For Elmos, German authorities had initially indicated that they would issue a conditional approval, and even shared a draft approval after an intense review process lasting about 10 months, the company said in a statement following the injunction.

    Tim Schaper, head of antitrust and competition for Germany at Norton Rose, said government intervention was also significant given that “Elmos’ technology is said to be quite old, state of the art in the 1990s, and allegedly not of great industrial importance.”

    “The transaction became the plaything of a public debate about Chinese investors’ acquiring stakes in key German technologies,” he said.

    A company sign of Elmos Semiconductor, seen on Nov. 9 in the German city of Dortmund.

    It’s possible that regulators were concerned about an outflow of technical know how, according to Alexander Rinne, the Munich-based head of international law firm Milbank’s European antitrust practice.

    “Elmos is known for making chips for the automotive sector, which is Germany’s core industry and the pride of the country,” he said in an interview.

    Elmos and Nexperia both declined interview requests. A Nexperia spokesperson told CNN Business on Tuesday that it was “considering its options regarding the UK government’s decision.”

    Chips are a growing source of tension between the United States and China. Washington has declared a shortage of the materials a national security issue, and highlighted the importance of remaining competitive in advanced technology capabilities.

    This year, the United States ramped up its own restrictions and pressed allies to enact their own, according to Lu. In August, the US government ordered two top chipmakers, Nvidia

    (NVDA)
    and AMD

    (AMD)
    , to halt exports of certain high-performance chips to China.

    Two months later, the Biden administration unveiled sweeping export controls that banned Chinese companies from buying advanced chips and chip-making equipment without a license. The rules also restricted the ability of American citizens or US green card holders to provide support for the development or production of chips at certain manufacturing facilities in China.

    The pressure is mounting. On Monday, NATO Secretary General Jens Stoltenberg urged the West to “be careful not to create new dependencies” on China. Speaking at a NATO parliamentary assembly in Madrid, Stoltenberg said he was seeing “growing Chinese efforts” to control Western critical infrastructure, supply chains, and key industrial sectors.

    “We cannot give authoritarian regimes any chance to exploit our vulnerabilities and undermine us,” he said.

    China has pushed back on the handling of the two European semiconductor cases.

    “We firmly oppose the UK’s move, and call on the UK to respect the legitimate rights and interests of Chinese companies and provide a fair, just, and (a) non-discriminatory business environment,” Chinese Foreign Ministry Spokesperson Mao Ning told a press briefing last Friday when asked about the Newport Wafer order. “The UK has overstretched the concept of national security and abused state power.”

    Zhao Lijian, another Chinese Foreign Ministry spokesperson, called on Germany and other countries to “refrain from politicizing normal economic and trade cooperation” at a press conference earlier this month, without addressing Elmos specifically.

    Germany has shown greater scrutiny of Chinese buyers this year. Last month, a bid by Chinese state shipping giant Cosco for a stake in a Hamburg port terminal operator sparked similar controversy. Under pressure from some members of the government, the size of the investment was later limited.

    Attorneys say if the chipmakers appeal, they could face an uncertain battle that may drag on for years.

    In each case, they would need to file a challenge in court within roughly a month of regulators’ decisions, barring exceptional circumstances, according to Norton Rose.

    Both Britain and Germany have recently added rules that expand government oversight over such decisions, making outcomes harder to predict. In Germany, a change to foreign direct investment rules in 2020 meant the government can intervene in prospective deals “if there is a ‘probable impairment of public order and security,’” said Schaper.

    Previously, by contrast, it could only impose restrictions “if there was an ‘actual, sufficiently serious threat to public order and security,’” he told CNN Business.

    In the UK, the ability of the government to retroactively review deals under the NSI Act “was really something that was considered surprising and far-reaching,” said Andrea Hamilton, a London-based partner at Milbank.

    “If challenged, as Nexperia apparently intends, it will also become a test case as to [the] extent of the NSI Act’s limits,” she said.

    Elsewhere, attention is shifting to the Netherlands. The Dutch government is currently facing pressure from the United States to limit exports to China, particularly from ASML

    (ASML)
    , a semiconductor equipment maker that holds a dominant position in the lithography machine market, according to Lu at Eurasia Group.

    “It will become the next case study,” she told CNN Business.

    The Netherlands has made clear it will form its own position.

    Asked about the issue this month, Dutch Minister for Foreign Trade Liesje Schreinemacher said the country would “not copy the US export restrictions for China one-to-one.”

    “We make our own assessment,” she said in an interview with Dutch newspaper NRC.

    — CNN’s Zahid Mahmood, Rose Roobeek-Coppack and Laura He contributed to this report.

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  • Scotland blocked from holding independence vote by UK’s Supreme Court | CNN

    Scotland blocked from holding independence vote by UK’s Supreme Court | CNN

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    London
    CNN
     — 

    Britain’s Supreme Court has ruled that Scotland’s government cannot unilaterally hold a second referendum on whether to secede from the United Kingdom, in a blow to independence campaigners that will be welcomed by Westminster’s pro-union establishment.

    The court unanimously rejected an attempt by the Scottish National Party (SNP) to force a vote next October, as it did not have the approval of Britain’s parliament.

    But the decision is unlikely to stem the heated debate over independence that has loomed over British politics for a decade.

    Scotland last held a vote on the issue, with Westminster’s approval, in 2014, when voters rejected the prospect of independence by 55% to 45%.

    The pro-independence SNP has nonetheless dominated politics north of the border in the intervening years, at the expense of the traditional, pro-union groups. Successive SNP leaders have pledged to give Scottish voters another chance to vote, particularly since the UK voted to leave the European Union in 2016.

    The latest push by SNP leader Nicola Sturgeon involved holding an advisory referendum late next year, similar to the 2016 poll that resulted in Brexit. But the country’s top court agreed that even a non-legally binding vote would require oversight from Westminster, given its practical implications.

    “A lawfully held referendum would have important political consequences relation to the Union and the United Kingdom Parliament,” Lord Reed said as he read the court’s judgment.

    “It would either strengthen or weaken the democratic legitimacy of the Union and of the United Kingdom Parliament’s sovereignty over Scotland, depending on which view prevailed, and would either support or undermine the democratic credentials of the independence movement,” he said.

    Sturgeon said she accepted the ruling on Wednesday, but tried to frame the decision as another pillar in the argument for secession. “A law that doesn’t allow Scotland to choose our own future without Westminster consent exposes as myth any notion of the UK as a voluntary partnership & makes (a) case” for independence,” she wrote on Twitter.

    She accused the British government of “outright democracy denial” in a speech to reporters later on Wednesday.

    Sturgeon said her next step in her effort to achieve a vote will be to brand the next British general election – scheduled for January 2025 at the latest – as a proxy referendum in Scotland on which course to take.

    But UK Prime Minister Rishi Sunak heralded the court’s “clear and definitive ruling” as an opportunity to move on from the independence debate. “The people of Scotland want us to be working on fixing the major challenges that we collectively face, whether that’s the economy, supporting the NHS or indeed supporting Ukraine,” he said in Parliament.

    Opinion polls suggest that Scots remain narrowly divided on whether to break from the UK, and that a clear consensus in either direction has yet to emerge.

    England and Scotland have been joined in a political union since 1707, but many Scots have long bristled at what they consider a one-sided relationship dominated by England. Scottish voters have historically rejected the ruling Conservative Party at the ballot box and voted heavily – but in vain – against Brexit, intensifying arguments over the issue in the past decade.

    Since 1999, Scotland has had a devolved government, meaning many, but not all, decisions are made at the SNP-led Scottish Parliament in Holyrood, Edinburgh.

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  • 5 rules for watching a complicated World Cup | CNN Politics

    5 rules for watching a complicated World Cup | CNN Politics

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    A version of this story appears in CNN’s What Matters newsletter. To get it in your inbox, sign up for free here.



    CNN
     — 

    The men’s 2022 FIFA World Cup has started, but controversies abound. There are reasons to skip this year’s tournament.

    For example, stadiums erected for the occasion in host nation Qatar were built on the backs of workers from Asia and Africa.

    The conditions endured by those migrant workers have stirred controversy – from the intense heat they had to endure while building Qatar’s World Cup infrastructure to how many of them may have died. World Cup organizers vehemently dispute expert estimates that thousands died.

    RELATED: ‘Our dreams never came true.’ These men helped build Qatar’s World Cup, now they are struggling to survive

    The former Obama administration official Tommy Vietor and the soccer pundit Roger Bennett count the ways this World Cup is problematic in a piece for CNN Opinion. Read their take.

    There’s also the issue of LGBTQ rights. FIFA threatened sanctions against the captains of teams who planned to wear armbands to promote inclusion and oppose discrimination, one of a number of last-minute changes the international soccer governing body and Qatar made to the tournament. Homosexuality is against the law in Qatar, although the country’s Supreme Committee for Delivery & Legacy told CNN the tournament would be inclusive. Read more.

    If you’re taking Qatar at their word for inclusivity, imagine having shelled out the coin for game tickets, travel and accommodation for a World Cup in the desert only to learn days before it started that stadiums would not sell beer after all. That’s clearly offside.

    There’s a new documentary, “FIFA Uncovered” – which doesn’t paint world soccer’s governing body in an altogether flattering light given the organization’s recent history of wrongdoing – streaming just in time for the World Cup. The allegations against FIFA are not new – the US government made them years ago – but they are worth considering again.

    Watch closely for signs of protest. Iranian players appeared to show solidarity with those protesting against the regime back home. The players stood silent as the Iranian national anthem played out around the Khalifa International Stadium before kickoff on Monday in their game against England.

    With journalists’ access in Qatar limited, some teams may take up the role of protest against the tournament, such as with Denmark’s jerseys, designed to respect the stadium workers.

    Qatar has a close soccer relationship with France, notably investing in the Paris Saint-Germain football club.

    French President Emmanuel Macron told journalists during a recent international summit that questions about Qatar should have been raised years ago, during the bid process. He said the event itself provides a path to openness and has worth.

    “The vocation of these big events is to allow athletes of all countries, including sometimes of countries at war, to allow sport to exist and sometimes find, through sport, ways of discussing when people no longer manage to talk,” he said.

    Qatar’s ambassador to the US, Sheikh Meshal bin Hamad Al Thani, argues the tournament will help change misconceptions about his country, which he says worked with a United Nations organization to improve working conditions.

    “Qatar is not opposed to scrutiny,” he wrote in a CNN Opinion piece responding to the Bennett and Vietor commentary. “In fact we have embraced it – but too often platforms have been used to present one-sided, factually inaccurate arguments that go beyond what some other countries awarded major events have faced, despite each having their own unique set of challenges to overcome.” Read the whole piece.

    FIFA President Gianni Infantino also defended the tournament in an hourlong explosive tirade in front of journalists Saturday. He hit back at Western criticisms of human rights issues.

    “What we Europeans have been doing for the last 3,000 years, we should be apologizing for the next 3,000 years before starting to give moral lessons,” he said.

    Assuming you do watch, here are the informal rules I’ve developed, with help from fellow fans on text chains, for my own enjoyment of the World Cup.

    And by the way, these rules often contradict each other, so you have to weigh the importance of one over the other. That’s up to you. Or make up your own rules.

    That means root for the US over England when the two countries play in the group stage. Root for conquered Wales over England, even though Wales isn’t exactly a colony and England will be the heavy favorite.

    Root for Brazil over Portugal, or Argentina over Spain. There’s something satisfying, at least to this American, about the idea of New World conquering Old World, or an African team defeating France or Belgium.

    Asterisks to the colony rule. When I mentioned this rule to one friend, he pointed out the US, while it sprang from former British colonies, has occupied territories in the Atlantic and Pacific, so it’s not always an easy rule to apply.

    Another complication to the colony rule is the large number of immigrants on many teams. Much of the French team that won in 2018, for example, was born outside France, and most of the players had some roots in Africa – including the young star Kylian Mbappe. Here’s an interesting report from the Migration Policy Institute about the rise of immigrant players on World Cup teams.

    There’s a sliding scale of freedom in the world, according to Freedom House, the independent watchdog that gets funding from the US government.

    Qatar, for instance, scores a paltry 25 on Freedom House’s 0-100 scale that combines access to political rights and civil liberties. But it’s not the lowest-scoring country taking part in the World Cup: Saudi Arabia scores a 7 and Iran scores a 14.

    Nor is the US, at 83, the freest. Canada gets a 98, and Uruguay and Denmark both get a 97.

    Here’s a list of the World Cup countries batched alphabetically into their World Cup group stage assignments, alongside their Freedom House scores.

    Group A:

    Ecuador (71), Netherlands (97), Qatar (25), Senegal (68)

    Group B:

    England (93 for the UK as a whole), Iran (14), United States (83), Wales (93 for the UK)

    Group C:

    Argentina (84), Mexico (60), Poland (81), Saudi Arabia (7)

    Group D:

    Australia (95), Denmark (97), France (89), Tunisia (64)

    Group E:

    Costa Rica (91), Germany (94), Japan (96), Spain (90)

    Group F:

    Belgium (96), Canada (98), Croatia (85), Morocco (37)

    Group G:

    Brazil (73), Cameroon (15), Serbia (62), Switzerland (96)

    Group H:

    Ghana (80), South Korea (83), Portugal (95), Uruguay (97)

    It’s fun to root for the underdog, and the difference in access to facilities and paychecks varies a lot by country. What a European or North American country can offer its squad is a lot different than what an African or Central American team can offer.

    The US gross domestic product amounts to more than $69,000 per capita, according to World Bank data, and Qatar’s oil-rich figure is more than $61,000. Senegal’s per capita GDP, the tournament’s lowest, is less than $1,700. Ecuador, Iran, Tunisia, Ghana and Morocco all have per capita GDPs under $6,000.

    Note on combining rules No. 1 and No. 2. Teams that rate relatively high on the freedom score despite relatively low capita GDPs are Ecuador, Ghana and, to a lesser extent on the GDP front, Croatia, a World Cup finalist in 2018.

    Thirty-two countries participate in the World Cup. Only eight countries have ever won the World Cup trophy. It’s getting repetitive, and all but one are in the tournament this year.

    You can tell by the number of stars players wear on their jerseys. Brazil has won five and Germany has triumphed four times. Italy has also won four but didn’t make the tournament this year. Argentina, France and Uruguay have won two, and Spain and England have each won one.

    That still leaves a wide-open field of 25 teams looking for their country’s first World Cup title.

    If you do watch, expect exciting upsets, sublime goal-scoring and human drama, all replayed and rehashed with the help of a video assistant referee, or VAR.

    Lionel Messi and Cristiano Ronaldo. This World Cup probably offers the final opportunity to see two masters who have both failed to win the tournament. Now in the extreme twilight of their careers, neither is an odds-on favorite this year to win the trophy for their country (Argentina and Portugal, respectively).

    RELATED: Messi and Ronaldo’s last dance

    Curses. Every World Cup provides England with yet another, probably doomed, opportunity to excise the curse of failure that has followed it since winning the 1966 tournament. Their agony makes for compelling television.

    Brazil can exert its otherworldly dominance upon European teams. Or not, depending on which Brazil shows up. Anything but victory will be a crushing loss for them.

    And finally, the United States can come to grips with why it is so mediocre at the international men’s level in a sport so many American children adore and in which its national women’s team has dominated for so long.

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