UK will not finalise state aid plan until 2021

The UK said on Wednesday it would not tell the EU about its detailed plan for a post-Brexit state aid regime until next year, in a move that prompted anger in Brussels. Business secretary Alok Sharma said the design of the UK’s new subsidy regime for companies would not be …

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US companies defy Trump’s demands to leave China

US companies are ignoring Donald Trump’s threats to “decouple” from China and repatriate manufacturing, according to a survey of more than 200 companies with operations in the country. The American Chamber of Commerce in Shanghai found that fewer than 4 per cent of respondents were relocating some production capacity back …

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