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UK tech industry obtains foreign investment


The rapidly growing tech industry in the UK has secured a record £5.5 billion in foreign investment in the initial seven months of this year, reports from the government’s digital economy council show.

In research conducted by the Department of Digital, Culture, Media and Sport (DCMS), the findings revealed that the UK had overtaken the US for the amount of investment per capita.



Trump escalates trade war with China


Donald Trump, president of the United States (US) has stated that he will be imposing a new 10% tariff on Chinese goods, amounting to $300 billion (£247 billion), after an escalation of the trade war between the two countries.

The new tariff is to take effect on 1 September, taxing all Chinese imports to the US. It was imposed after there was little sign of breakthrough in the latest round of bilateral talks.



Huawei cuts jobs following US restrictions


Chinese technology and telecoms group, Huawei, has cut more than 600 jobs at its US research unit Futurewei after the company was put on a trade blacklist.

The company added that this was due to “the curtailment of business operations caused by the US”.


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