Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Punishing Beijing for Cyberattacks Could Impact Trade, Minister Cautions

by March 26, 2024
March 26, 2024
Punishing Beijing for Cyberattacks Could Impact Trade, Minister Cautions

Britain is urged to tread carefully in response to cyberattacks linked to China to avoid exacerbating trade tensions, cautioned a cabinet minister following accusations of a “prolific” global campaign by Beijing.

Deputy Prime Minister Oliver Dowden hinted at plans to designate China as an “enhanced” security risk, necessitating individuals associated with the country or its state-linked entities to register their activities with the UK government or face criminal charges.

While such measures aim to address national security concerns, reservations persist within Whitehall, particularly within the Department for Business and Trade and the Foreign Office, fearing potential repercussions on trade relations.

Education Secretary Gillian Keegan underscored the complexity of the issue, acknowledging the need to balance sanctions against the risk of triggering trade disputes. Downing Street echoed these sentiments, acknowledging divergent views within the government and the ongoing internal deliberations.

Amid mounting tensions, London and Washington jointly exposed a decade-long Chinese espionage campaign targeting politicians, journalists, and institutions. While the UK imposed sanctions on Chinese officials and organizations in response, China rebuffed the accusations, calling for more evidence and denouncing US involvement as “unprofessional.”

The US revealed details of cyber intrusions by a Chinese hacking group, APT31, targeting sensitive data of millions of Americans. Concerns extend beyond the UK, with New Zealand reporting similar cyber targeting by state-backed Chinese agents in 2021.

As geopolitical tensions escalate, balancing national security imperatives with trade considerations remains a delicate balancing act for policymakers, navigating the complexities of cyberspace in an interconnected global economy.

Read more:
Punishing Beijing for Cyberattacks Could Impact Trade, Minister Cautions

0
FacebookTwitterGoogle +Pinterest
previous post
Energy Tax Subsidies Could Top $1.8 Trillion
next post
Two Government Ministers Quit, Dealing Fresh Blow to Rishi Sunak

You may also like

UK and Albania outline £4bn ambition for closer...

March 27, 2023

CMA Considers Capping Vet Prescription Fees Amid Sector...

May 23, 2024

Interview with Zenity CEO & Co-Founder, Ben Kliger

September 30, 2022

Catering to the Modern Customer: The Impact of...

July 5, 2023

UK carmakers near EV sales targets despite government...

July 7, 2025

Goldman Sachs to cull 3,200 jobs as part...

January 11, 2023

Italian Waiters bid arrivederci to London as Visa...

April 10, 2024

Farmers descend on Westminster amid inheritance tax row...

December 11, 2024

Asos to write off stock and cut costs...

October 19, 2022

Eve Sleep calls in administrators as Made.com seeks...

October 17, 2022

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Barclays exits Entercard joint venture with £200m sale to Swedbank

      August 28, 2025
    • Is Trump considering bold Africa play to push back on China, Russia and Islamic terrorists?

      August 28, 2025
    • ‘Gender bonus bias’ revealed as men nearly 1.5 times more likely to receive bonuses than women

      August 28, 2025
    • Four in five online small businesses expect growth despite UK economic headwinds

      August 28, 2025
    • Tesla sales slump 42% in Europe as BYD overtakes market share

      August 28, 2025
    • “XRP Futures Hit $1B — WinnerMining Cloud Mining Shows You How to Earn $1,850 a Day”

      August 28, 2025

    Categories

    • Business (8,908)
    • Investing (2,246)
    • Politics (16,504)
    • Stocks (3,228)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved