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UK to increase powers to block foreign investments

Britain Australia Government bill
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LONDON – The British government plans to increase its power to block or modify foreign investment in the U.K.

on national security grounds under legislation to be introduced Wednesday.The National Security and Investment Bill would require businesses to notify the government about deals in sensitive industries, including defense, transportation, communications and artificial intelligence.

The government will then have 30 days to review the transactions and impose conditions on those deemed to pose a risk to national security.The legislation, which applies to technology and intellectual property as well corporate takeovers, follows similar moves by the U.S.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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