Uncertainty looms in the UK ahead of Brexit, and Huawei founder praises US President Donald Trump. Daily headlines from the UAE and around the world brought to you by Gulf News.
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00:00It's Decision Day in the UK with all eyes on Prime Minister Theresa May and the British
00:06Parliament.
00:07Members of Parliament will vote in mere hours about the historic direction their country
00:12is about to take.
00:13Parliament will vote on whether to support Theresa May's Brexit deal, which she negotiated
00:17with the European Union, in which case that will then set the path for leaving the EU
00:21in March, or they will vote against it, in which case, well, no one knows really what
00:26happens if they vote against it.
00:27Does Brexit even happen?
00:29It may or may not, so wait and find out what happens after the vote takes place.
00:34Experts predict that Theresa May will lose the vote, so stay tuned to find out exactly
00:39which direction the UK is heading.
00:40In response to all of this, the sterling is bouncing around in tight ranges, having rallied
00:46recently on hopes that the UK is not heading for a hard Brexit.
00:50In other news, the billionaire founder of Huawei denied allegations that his company
00:53is being used by the Chinese government for espionage.
00:56He also praised US President Donald Trump, calling him, quote, a great president and
01:00said that he will take a wait-and-see approach to see if Trump will intervene in the case
01:04of his eldest daughter, the chief financial officer of Huawei, who was arrested in Canada
01:09in December.
01:10This has been The Daily Business Wrap.
01:11Please check us out on gulfnews.com forward slash business for more news.
01:15I'm Sara Diya.
01:16Thanks for watching.