China's Huawei finance chief arrested in Canada, faces extradition to US

Huawei global CFO arrested in Canada China protests urges release

Huawei Technologies, launched in 1987 in Shenzhen China, has been the largest telecommunication equipment producer in the world since 2012.

Chinese officials on Thursday blasted Meng's arrest - but experts warn more forceful actions, including the possibility of tit-for-tat detentions of high-profile citizens, could be coming.

USA authorities have been probing Huawei since at least 2016 for allegedly shipping US -origin products to Iran and other countries in violation of USA export and sanctions laws, sources told Reuters in April.

US national security adviser John Bolton told USA media that he knew of the pending arrest in advance. -Chinese cease-fire in a trade war that has its roots in Beijing's technology policy.

"The company believes the Canadian and USA legal systems will ultimately reach a just conclusion".

The arrest of Meng Wanzhou, who is suspected of trying to evade US trade curbs on Iran, could further complicate a trade standoff between Beijing and Washington.

The detention of Meng Wanzhou, Huawei's chief financial officer, comes after American authorities reportedly launched an investigation into suspected Iran sanctions violations by Huawei, which was already under scrutiny by U.S. intelligence officials who deemed the company a national security threat. She faces possible extradition to the United States.

In 2012, the House of Representatives released a report warning Huawei poses a national security threat to the USA, and American companies and its government should avoid doing business with the company.

'As there is a publication ban in effect, we can not provide any further detail at this time.

Asked whether he had spoken to the Chinese premier or the ambassador, Trudeau said he has had no conversations with worldwide counterparts about the case.

China is demanding Canada immediately free a top executive of a giant telecom firm arrested last Saturday on a US warrant.

Canadian Prime Minister Justin Trudeau on Thursday said his government had no involvement in the arrest of a top executive from Chinese technology giant Huawei, who was detained at Vancouver airport.

Trudeau told Saudi prince 'better answers' are needed on Khashoggi killing
Both advisors were dismissed amid the fallout from the killing of Washington Post columnist Jamal Khashoggi . Saudi Arabia has detained 21 people and says it is seeking the death penalty for five .

Ye Tan, an independent Chinese economist, said Meng's arrest could be used as a "bargaining chip" in the trade talks.

The ministry also said the USA trade talks should continue as a 90-day pause on new tariffs between the United States and China enters its second week.

Perhaps the most striking detail of the arrest of Huawei executive Meng Wanzhou in Canada was that it took place on the same day that leaders from the USA and China were engaged in delicate trade talks in Buenos Aires.

"We were advised by them with a few days' notice that this was in the works".

China has demanded Canada release a Huawei Technologies executive who was arrested in a case that adds to technology tensions with Washington and threatens to complicate trade talks.

Meng is Huawei's chief financial officer and the daughter of the company's founder. "Huawei complies with all applicable laws and regulations where it operates, including applicable export control and sanction laws".

As a result, some of the closest allies of the USA, such as the U.K., Australia and New Zealand have banned or restricted Huawei on its 5G networks.

"Sometimes Chinese aggression is explicitly state-sponsored and sometimes it's laundered through many of Beijing's so-called "private" sector entities that are in bed with Xi's communist party", Sasse said.

Shanghai's market slid about 1.7%, while USA stock futures were pointing down more than 1%.

Likewise, Rod Hunter, an worldwide economic official in former president George W. Bush's White House and a partner at law firm Baker McKenzie, said, "I'm skeptical that the Chinese are going to want to say "uncle". News of Meng's arrest provoked an immediate protest from the Chinese embassy in Canada, demanding the USA and its neighbor "rectify wrongdoings" and free Meng.

"It really speaks to the depth of the Chinese concern in their economies and their desire to get the US-China relationship back on a more even keel", said Elizabeth Economy, a senior fellow at the Council on Foreign Relations. BT, a British telecommunications company, announced this week that it's not using Huawei's equipment in its 5G network and that it's removing the company's equipment from key areas of its 4G network. Later, other sources claimed that the arrest had been made to investigate whether Huawei violated United States sanctions on Iran or not.

Huawei, for its part, has denied sharing information with the Chinese government, as has ZTE.

Related News:



Most liked

OH father's punishment of bully daughter prompts outrage, accolades
The Ohio father shared video of her punishment as he slowly followed her inside his auto , as she walked in 36-degree weather. Cox refers to her as a "lovely lady" who was kicked off the school bus for bullying another student - again.

China demands Canada release Huawei executive arrested in Vancouver
David Mulroney, a former Canadian ambassador to China, said US and Canadian business executives could face reprisals in China. A spokeswoman for Canadian Prime Minister Justin Trudeau referred questions to the country's justice department.

Meghan Markle donned pink cashmere coat for King's College London
During her royal tour of Fiji with husband Prince Harry in October, the Suits alum delivered a speech about women's education. Pregnant Meghan , 37, made an unannounced visit to King's College London yesterday, pictured.

'Extremely rare blood' donations needed to save 2-year-old Florida girl
All donations for Zainab must be coordinated with OneBlood in advance to ensure the additional compatibility testing is performed. Complicating the matter: She has a rare blood type and finding a match for life-saving transfusions is a huge challenge.

Federal offices to close for national day of mourning
President Donald Trump did not attend, but he and first lady Melania Trump came to the Capitol later on Monday to pay tribute. Vice President Mike Pence said "President Bush was a great leader who made a great difference in the life of this nation".

China trade vow after Trump talks helps settle financial markets
A Chinese official told the Reuters news agency officials were "waiting for the leaders to return" before publicising details. But they plunged Tuesday after Trump called himself "Tariff Man" on Twitter and renewed threats of penalty duties.

SpaceX Falcon 9 rocket lands in ocean after successful cargo launch
But in this case, nothing that'd be considered critical to NASA's mission - only SpaceX's convenience - seems to have gone wrong. Meanwhile, Musk tweeted that the problem was that a "grid fin hydraulic pump stalled, so Falcon landed just out to sea".

Congress heads to stopgap bill to avert government shutdown
Trump tweeted Monday: "We would save Billions of Dollars if the Democrats would give us the votes to build the Wall". And even some Republicans balk at spending more than the $1.6 billion already provided.

Fight statistics show Tyson Fury outboxed Deontay Wilder in LA boxing showdown
From where he's come from, I just really enjoy it. "I've got a amusing feeling he's going to get his running shoes out and stay away from me at all costs", he told Britain's ITV network.

Trump asks OPEC not to cut production
The oil-rich kingdom had indicated previously that it wanted the group to curb output by at least 1.3 million barrels per day. On Thursday, Brent futures fell more than 2% as traders began to doubt Opec would deliver a significant cut.

Iran's missile program upsets USA war tactics
It's all coming from Iran. "Furthermore, this ballistic missile activity is destabilising and increases regional tensions", it added.

Pujara confident 'clever bowler' Ashwin will come good against Oz
Virat Kohli doesn't want to miss a beat while preparing for the first Test against Australia in Adelaide , starting on 6 December. Try as they might, Team India was never able to pull off a series victory Down Under. "We need to step up as a batting group".

Health department encourages residents to get vaccinated
The Centers for Disease Control and Prevention recommends that everyone ages six months and older receive a flu vaccine each year. The flu was first observed in Europe , especially Spain - that's why it has been called the Spanish Flu.

Chelsea Confirmed Lineup vs Wolves: Morata, Loftus-Cheek start; Jorginho benched
The Chelsea boss will be rotating some players for the game especially with a game against Manchester City coming up next weekend. Maurizio Sarri's side also face MOL Vidi in the Europa League group stages and Bournemouth in the Carabao Cup quarter-final.

Huawei teases Nova 4 smartphone launch for China on December 17th
The sole selfie camera here is expected to be coupled with a triple rear-camera setup as more sensors are now becoming the norm. Most likely, the event will be dedicated to the presentation of the new smartphone Huawei bezrukovoj Nova 4 .