UK-based firms asked to set up hubs in EU. | UK |

Firms based in the United Kingdom have been asked to set up subsidiaries in the European Union in order to avoid disruptions under new trade rules.

* HSBC officials face criticism over freezing accounts in Hong Kong The new law will empower the authorities to act against people who criticize the Chinese Communist Party.

* Boohoo to acquire Debenhams' online operations The store had been looking for a buyer since last summer but was not getting a deliverable proposal.