SWEDISH COURT GIVES OK TO HUAWEI CHALLENGE

A Swedish appeals court said the telecoms regulator could resume 5G spectrum auctions but also ruled that China’s Huawei could pursue a legal challenge over its exclusion, which was prompted by security concerns. The regulator, PTS, said in November it was halting 5G spectrum auctions to challenge a court decision that ruled against its decision to ban China’s Huawei and ZTE from Sweden’s 5G networks, citing national security risks. SOURCE: Reuters

BoE CHIEF CRITICISED OVER FUND COLLAPSE

Bank of England Governor Andrew Bailey came under fire on Thursday after an independent report said Britain’s markets watchdog, which he led at the time, had failed to supervise a fund properly before its collapse last year. The demise of London Capital & Finance (LCF) left 11,600 investors in mini-bonds facing losses of up to 237 million pounds. SOURCE: Reuters

CHINESE PUSH INTO EU PROCUREMENT MARKET

Chinese state-backed companies significantly increased their presence in Europe’s rich public-procurement market over the past year, according to a Wall Street Journal analysis that for the first time quantifies how Beijing has expanded its global push to rival Western industrial giants in one of the world’s most sophisticated economies. The European Union’s public-procurement market is among the world’s largest, valued by EU officials at roughly 2 trillion euros, equivalent to $2.44 trillion, annually. SOURCE: WSJ

ILLEGAL RUSSIAN TIMBER SOLD IN WEST

European customers may have unknowingly bought hundreds of millions of dollars worth of timber linked to one of Russia’s biggest illegal logging scandals, a new report by NGO Earthsight has alleged. The timber was exported to the E.U. by Russian conglomerate BM Group, led by tycoon Alexander Pudovkin, who was arrested last year along with two officials implicated in fraud and bribery in the case. SOURCE: news.mongabay.com