Sunday Newspaper Tour: Ukraine, Ultra Electronics, British Airways


High-level diplomats from the United States and Russia are due to meet in Geneva on Sunday and Monday to discuss Moscow’s demands set out in December in two draft treaties, one with the United States and one with the ‘NATO. Many of their stipulations are unacceptable to Washington and the alliance, especially the promise that Ukraine will never join the latter. Few diplomatic observers anticipate a quick deal that would resolve the crisis this week and a complete breakdown in talks is possible. Talks are expected to start on Monday, but a less formal meeting between the two delegations was due to take place on Sunday evening. – Guardian

Ultra electronicAdvent’s private equity buyer has vowed to create separate boards in the US and UK to allay national security concerns. Indeed, the business secretary asked the Competition and Markets Authority to examine the transaction precisely because of this risk. CMA is due to report Jan. 18 with a government decision on whether to authorize the purchase or launch a full investigation that should follow. Cobham, which is owned by Advent, had agreed to pay £ 2.57 billion for Ultra, which makes components for the submarines that make up the UK’s nuclear deterrent. – Sunday Financial Mail

Airlines have pressured the government to remove remaining travel restrictions as they seek to fix their finances. All major UK carriers including British AirwayseasyJet, Virgin Atlantic and Jet2, are said to have met with the Chancellor and the Secretary of Transport on Tuesday to discuss their removal. They want the requirement for fully vaccinated passengers to take lateral flow tests on the second day after arrival to be removed and passenger tracking forms to be dropped. – Sunday Financial Mail

Brittany Rockley Photonics was forced to suspend the sale of his communications unit to the Chinese joint venture he runs with Hengtong. Hengtong, China’s largest cable maker, was blacklisted by the U.S. Department of Commerce in December when it was added to the list of Commerce entities. The reason was added to the list “for the acquisition and attempted acquisition of items of American origin in support of the military modernization of the People’s Liberation Army”. The Chinese conglomerate’s partnership with Rockley is based on fiber optic data lines, with Hengtong also being a manufacturer of electrical, rail and submarine cables. The global submarine cable infrastructure handles a large portion of the world’s Internet traffic. Rockley is building the health sensors for Apple’s next generation of smartwatches and plans to focus on them after selling its communications arm. – Sunday Telegraph


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