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Big Tech is shaping a bill that seeks to clamp down on Chinese buyouts of US firms

Proposed legislation in Washington, DC, aims to expand the power of the US government committee that blocked Broadcom’s takeover of Qualcomm. Firms in Silicon Valley are trying to tweak it, to avoid it hurting their businesses. The news: Reuters says two bills–one passing through the Senate, the other in the House of Representatives–aim to give the Committee on Foreign Investment in the United States greater reach.

This is the panel that blocked Broadcom’s bid for Qualcomm, and has recently stymied other buyouts of US firms, over fears of China acquiring American technologies or data. But: Alphabet, Facebook, IBM, Intel, and other Silicon Valley firms are worried that new rules could make it harder for them to export products and services. According to Reuters, one draft of the bill could have forced firms to go before CFIUS when selling any form of sensitive technology overseas, even if it wasn’t particularly risky.

Reaching compromise: Tweaks have reportedly been made to both soften and harden parts of the bill. A broad plan to have CFIUS vet any products sold overseas by a “critical technology company” have been replaced with rules to just have it vet sales of particular technologies, for instance. But it may also be made able to vet smaller foreign investments into American firms than it does right now, making it easier for the committee to intervene in deals.

Why it matters: Regardless of adjustments, the bill points to a future where the government clamps down harder than ever on foreign interest in American technology–espeically if that interest comes from China.

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Best 0% balance transfer deals disappearing

A raft of market-leading 0% balance transfer credit card deals[1] have been withdrawn from the market or had their balance transfer fees hiked in the last week. Barclaycard is the latest provider to make a change, reducing the 0% period on its balance transfer card from 36 months with a 1.85% fee to 35 months with a 1.35% fee. Which? looks at what this means for those with credit card debt, and explores the best 0% balance transfer credit card deals[2] still available.

Best 0% balance transfer deals shrinking

A 0% balance transfer credit card allows you to shift existing credit card debt and freeze the interest rate for a set time, typically for a one-off fee. When looking for a good 0% balance transfer deal, you should consider the length of the no-interest period and the size of the transfer fee. However, the length of 0% deals has fallen off a cliff since this time last year, as the table below shows.

Longest-lasting 0% balance credit card deal Mar-08 Virgin Money – 0% for 15 months Mar-13 Barclaycard – 0% for 25 months Mar-16 Halifax – 0% for 40 months Mar-17 Halifax – 0% for 43 months Today MBNA – 0% for 36 months


The longest-lasting 0% balance transfer deal on the market today offers 36 months to freeze debt – 10 months less than this time last year, when borrowers could get a deal for a whopping 43 months.

Why is the length of a 0% balance transfer deal important?

A longer-lasting 0% balance transfer deal means you have more time to pay off what you owe, so you can split your debt into more affordable repayments each month. With a GBP4,000 debt, for example, a 43-month card would allow you pay back around GBP93 a month. But you would need to pay back GBP111.11 in order to clear the same debt with a 36-month deal.

Find out more about how balance transfer deals work in our best 0% balance transfer credit cards[3] guide.

The best deals to snap up now

Deals are disappearing fast from the market – so, if you’re carrying a credit card debt, you should consider your options now. Here are the longest-lasting 0% balance transfer deals on the market right now. Source: Which?

Money Compare[4] Alternatively, if you are after a cheaper deal, here are the best fee-free balance transfer credit cards available right now. 1 GBP3 monthly feeSource: Which?

Money Compare[5] Which? Limited is an Introducer Appointed Representative of Which?

Financial Services Limited, which is authorised and regulated by the Financial Conduct Authority (FRN 527029). Which? Mortgage Advisers and Which?

Money Compare are trading names of Which? Financial Services Limited.


  1. ^ market-leading 0% balance transfer credit card deals (
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    Money Compare (

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