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U.K. bans Huawei from its 5G network

The U.K. said Tuesday that it will no longer allow Chinese tech company Huawei to access its 5G network amid growing pressure on Prime Minister Boris Johnson to take a stand against Beijing, the New York Times reports.

Why it matters: It's a big win for the Trump administration, which has sought to firewall Huawei from networks around the world and put intense pressure on its closest ally to make such a move.


  • Huawei works closely with the Chinese government, arguably leaving the company's equipment susceptive to malign actors.
  • The U.K. already banned Huawei from accessing its core communications networks earlier this year.

What they're saying: "This has not been an easy decision, but it is the right one for the U.K.'s telecoms networks, for our national security and our economy, both now and indeed in the long run," Oliver Dowden, the U.K. government's telecom minister, told the House of Commons.

  • "This government is clear-eyed about China. ... What we want is a modern and mature relationship with China based on mutual respect," he added.

The other side: China contends that the U.S. is milking security concerns as a means to oust economic competition.

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TV star's party takes poll lead ahead of Bulgaria's election

Sunday's snap parliamentary elections in Bulgaria pit the man who has dominated the Balkan country's politics for a decade against an insurgent party led by a popular TV host.

The big picture: Former longtime Prime Minister Boyko Borissov failed to form a government after an inconclusive election in April, which followed massive protests last year over corruption and Borissov's alleged mafia ties.

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Richard Branson takes flight with his space company Virgin Galactic

Billionaire Richard Branson flew on a suborbital mission to the edge of space with his company, Virgin Galactic, on Sunday, beating fellow space billionaire Jeff Bezos to the punch in the process.

Why it matters: This very public moment of success could help buoy the company as it pushes to begin commercial service next year and attract new customers.

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