Huawei to receive planning permission to build 400-million-pound facility in UK: The Times
(Reuters) - Chinese telecoms equipment maker Huawei Technologies Co Ltd is expected to receive planning permission this week to build a 400-million-pound ($494.24-million) research and development centre in Britain's Sawston village, the Sunday Times newspaper reported.
The facility, 7 miles (11 km) from Cambridge, will be built for researching and developing chips for use in broadband, according to the report.
The South Cambridgeshire District Council has been advised to approve the company's application in full, the newspaper reported https://bit.ly/318svCG.
(Reporting by Kanishka Singh in Bengaluru; Editing by Sandra Maler)
EMI License, Become a Bank - Almost
However, banking and financial institutions are highly regulated industries, and a company can’t just set up and begin trading with other people’s money. They have to become authorised and approved to do so. Which is why they must gain an EMI license.
German regulators twice looked into tightening the supervision of collapsed payments firm Wirecard and discussed it with the German and European central banks but no action was taken, a person with direct knowledge of the talks told Reuters.
SoftBank Vision Fund's head, Rajeev Misra, saw his total pay for the past business year more than double to 1.6 billion yen ($15 million), even as the fund's underperformance pushed SoftBank to a record $13 billion operating loss.
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