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Should Citi agree the purchase, with a decision likely in the next couple of months, the bank would look to move staff currently based in a second building in the area, 33 Canada Square, to the larger tower, the source said. News of the talks was earlier reported by the Financial Times. Such a move would be in line with Citi’s strategy of buying buildings in locations where it has and intends to retain a presence, and follows a deal in 2016 to buy the group’s New York office, the source said.
DUBAI (Reuters) - Japan’s SoftBank Group has provided nearly half of the cash for Abu Dhabi’s state investor Mubadala Investment Co’s new $400 million fund investing in European start-ups, a source familiar with the matter said, Mubadala, which has committed to invest $15 billion in SoftBank’s Vision Fund, last week announced that 3d foam finger set cufflinks Mubadala Ventures was planning to launch a $400 million technology-focused European fund this year, Softbank and Mubadala declined to comment on the story, first reported by the Financial Times earlier on Monday..
The Softbank Vision Fund, managed by Softbank Group, raised more than $93 billion from investors including the Abu Dhabi investor, Saudi Arabia’s Public Investment Fund, Apple Inc, Foxconn, Qualcomm, Sharp Corp and SoftBank Group Corp. The European venture fund, which has already made a few undisclosed investments, will be run from a new office in London, the FT said. In late 2017 Mubadala had announced the setting up of a venture capital arm that it said will oversee an early growth fund set up with Japan’s SoftBank. The ventures team was to be based in San Francisco, its first office in the United States.
WELLINGTON (Reuters) - New Zealand will independently assess the risk of using China’s Huawei Technologies in 5G networks, Prime Minister Jacinda Ardern said on Monday after a report suggested that British precautions could be used by other nations, Huawei, the world’s biggest producer of telecoms equipment, faces intense scrutiny in the West over its relationship with the Chinese government and U.S.-led allegations that its equipment could be used by Beijing for spying, No evidence has been produced publicly and the firm has repeatedly denied the allegations, which 3d foam finger set cufflinks have led several Western countries to restrict Huawei’s access to their markets..
The Financial Times reported on Sunday that the British government had decided it can mitigate the risks arising from the use of Huawei equipment in 5G networks. It said Britain’s conclusion would “carry great weight” with European leaders and other nations could use similar precautions. New Zealand’s intelligence agency in November rejected an initial request from telecommunications services provider Spark to use 5G equipment provided by Huawei. At the time, the Government Communications Security Bureau (GCSB) gave Spark options to mitigate national security concerns over the use of Huawei equipment, Ardern said on Monday.
“The ball is now in their court,” she told a weekly news conference, Ardern said New Zealand, which is a member of the Five Eyes intelligence sharing network that includes the United Kingdom and the United States, would conduct its own assessment, “I would expect the GCSB to apply with our legislation and our own security assessments, It is fair to say Five Eyes, of course, share information 3d foam finger set cufflinks but we make our own independent decisions,” she said, Huawei New Zealand did not immediately respond to a request for comment, Spark said it was in discussions with GCSB officials..
“We are working through what possible mitigations we might be able to provide to address the concerns raised by the GCSB and have not yet made any decision on whether or when we should submit a revised proposal to GCSB,” Spark spokesman Andrew Pirie said in an emailed statement. The Huawei decision, along with the government’s tougher stance on China’s growing influence in the Pacific, has some politicians and foreign policy analysts worried about potential strained ties with a key trading partner.
WELLINGTON (Reuters) - New Zealand said on Monday that it plans to update its laws so it can tax revenue earned by multinational digital firms such as Google, Facebook and Amazon, extending a 3d foam finger set cufflinks global effort to bring global tech giants into the tax net, Prime Minister Jacinda Ardern said the cabinet had agreed to issue a discussion document about how to update the country’s tax framework to ensure multinational companies pay their fair share, “Our current tax system is not fair in the way it treats individual tax payers, and how it treats multinationals,” Ardern told reporters at her weekly post-cabinet news conference..
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