FT News Briefing India to cut Huawei gear from network, insurers bet on pandemic, US vaccine row
Aug 25, 2020
India is cutting ties with Huawei and other Chinese telecom gear amid rising border tensions. Meanwhile, investors are flocking to insurance companies, banking on lucrative returns from the pandemic. In the U.S., a contentious debate arises over vaccine distribution priorities. Also, the Republican Party grapples with Donald Trump’s legacy as it braces for future elections, revealing deep divisions within its ranks against the backdrop of ongoing national tensions.
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India Phases Out Chinese Telecom Equipment
- India is phasing out Chinese telecom equipment due to a border dispute with China.
- This impacts Huawei, a major supplier in India's large mobile market.
Pandemic Drives Insurance Investment
- Investors are betting on increased insurance returns due to the pandemic.
- They believe it will eliminate weaker competitors and allow for higher pricing.
U.S. Vaccine Prioritization Debate
- There is debate over vaccine prioritization in the U.S.
- Factors include susceptibility, symptoms, spread likelihood, and job vulnerability.