The legislation, which Prime Minister Boris Johnson could reportedly announce within weeks, would make it mandatory for U.K. firms to report attempted takeovers that could pose risks. (The Times)

Talking point: The U.K. has made a number of moves in recent months to distance itself from China, including signalling it’ll reduce Huawei’s role in building 5G and offering to accept millions of Hong Kong refugees. This new law is part of a global wave of new protectionist measures. France, Australia, Poland, Hungary, the Czech Republic, Germany, Sweden, India and Canada have all recently introduced measures restricting foreign investment. Canada announced it would keep a particular eye on foreign investment from state-controlled companies, as well as any transactions involving public health or critical goods. Many other nations are introducing new mechanisms from France’s fund that will invest in tech firms to prevent foreign bids to the U.K., threatening directors that fail to report takeovers with jail time.