Bloomberg Business

UK Unveils Plan to Detain and Deport Channel Migrants

The UK government announced new legislation it said will prevent all cases of migrants crossing the English Channel in small boats, a key policy ambition for Prime Minister Rishi Sunak that is expected to face legal challenges.

Germany Plans to Ban Some Huawei Components From 5G Network

Germany will likely prohibit some components in the country’s fifth-generation wireless network manufactured by Huawei Technologies Co. once an assessment of potential security risks is completed, according to a person familiar with the plan.

Biden Eyes Tax Hike on Income Over $400,000 to Fund Medicare

President Joe Biden’s budget will propose hiking payroll taxes on Americans making over $400,000 per year and allowing the government new power to negotiate drug prices as part of an effort the White House says will extend the solvency of a key Medicare program for another quarter century.

South America Boosts Efforts to Turn Lithium Into Batteries

South American nations are stepping up efforts to propel themselves further down the electric-vehicle supply chain by leveraging their vast mineral wealth, expanding processing capacity, and targeting vehicle manufacturing.

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