UK plans sweeping new powers to stop deals that risk national security


Earlier this year, ministers blocked Chinese communications firm Huawei from parts of its communications network over concerns about spying. In 2016 Britain delayed a nuclear power project in England over concerns about Chinese state funding.

LONDON: Britain will intervene to block takeovers and corporate deals that threaten national security, the government said on Wednesday, publishing details of new laws covering potentially sensitive sectors such as defence and energy.

The National Security and Investment Bill will give ministers new powers to scrutinise and intervene in "malicious" foreign investment, addressing long-standing concerns that some deals could compromise security or vital infrastructure.

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Britain , Huawei , defence , energy , risk , national security ,

   

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