Huawei CFO Wanzhou Meng Arrested In Canada

Huawei CFO Wanzhou Meng Arrested In Canada

World financial markets took a fresh hit Thursday following the arrest of a senior official at Chinese telecoms equipment maker Huawei that could hinder progress in China-U.S. trade talks.

Meng's bail hearing has been scheduled for Friday.

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

Meng "was arrested in Vancouver on December 1", a statement by Canada's ministry of justice said.

Huawei, which overtook Apple as the world's number two smartphone maker this year, said it was unaware of any wrongdoing by Meng and was provided "very little information" about the charges.

A user of China's Twitter-like Weibo platform said Chinese should boycott products made by US tech giant Apple Inc and instead buy Huawei products to show support for one of China's national champions.

China's embassy in Canada protested at the arrest and demanded her release.

Beijing has asked Washington and Ottawa to "immediately release the detained person" and explain the reason for her arrest, said a foreign ministry spokesman, Geng Shuang.

US authorities have been probing Huawei, one of the world's largest makers of telecommunications network equipment, since at least 2016 over allegations that it shipped USA -derived tech products to Iran and other countries in violation of US export and sanctions laws, sources told Reuters in April. It appears that the arrest is likely in connection to an ongoing U.S. investigation into Huawei allegedly violating worldwide sanctions against Iran and North Korea.

Huawei said it complies with all laws and rules where it operates, including export controls and sanctions of the United Nations, the US and European Union.

Wanzhou is also the daughter of Huawei's founder, Ren Zhengfei, one of China's most prominent businessmen.

While another Chinese tech company, ZTE, fell foul of the United States sanction regime, "no arrest was made back then", Yip added, reflecting the seriousness of the Huawei saga.

Bush’s service dog again pays tribute to his late owner
Duane Allen of the Oak Ridge Boys says Bush had personally requested that the group sing " Amazing Grace " at his funeral . President George H.W Bush got Sully, a yellow lab service dog , in June, shortly after first lady Barbara Bush died.

Woods avoids penalty as Rahm & Stenson share Hero World Challenge lead
Rahm endured no such drama as he posted the best round of the tournament with a blemish-free nine-under 63. SHORT SHOTS: Defending champion Rickie Fowler finishes in a tie for fifth at 13 under.

My Husband’s Planning It: Priyanka Chopra on Her Honeymoon Plans
The article has now been replaced with a single line: "Upon further editorial review, we found this story did not meet our standards".

US Senator Ben Sasse praised the move and said that it was "for breaking US sanctions against Iran".

Hu Xijin, the editor in chief of the Global Times, described the arrest as a "declaration of war" against China, according to the New York Times.

However, according to the Globe and Mail, she was arrested on suspicion she violated USA trade sanctions against Iran.

In the case of ZTE, the matter was only finally settled after the company underwent an extensive restructuring, as the United States government has made it clear that it intends to strongly enforce its export regulations.

"At the request of the U.S. side, the Canadian side arrested a Chinese citizen not violating any American or Canadian law".

A user of China's Twitter-like Weibo platform said Chinese should boycott products made by United States tech giant Apple Inc and instead buy Huawei products to show support for one of China's national champions.

USA national security officials have said Huawei poses a security risk due to its alleged close links to the Chinese government.

The arrest of Meng Wanzhou, the chief financial officer, unfolded on the same night that President Donald Trump and President Xi Jinping of China dined together in Buenos Aires, Argentina, and agreed to a 90-day trade truce.

A U.S. Justice Department spokesman declined to comment.

Meng who also uses the first names Cathy and Sabrina, was a board member of a Huawei-linked company in Hong Kong, Skycom Tech. The U.S. has also banned all governmental agencies from buying or using Huawei phones or equipment.

Stephen Innes, head of Asia-Pacific trading at investment firm Oanda, linked the losses directly to Meng's arrest.

In 2016, the Commerce Department sought information in regards to Huawei possibly sending USA technology to Syria and North Korea as well.

Related Articles

  • Tackling Climate Change Can Help India, China With Health Benefits

    Tackling Climate Change Can Help India, China With Health Benefits

    On the other hand, the U.S. had pledged to withdraw from the landmark agreement in 2017. Such changes - in all large-emitting nations - have to happen fast.
    James Baker: George H.W. Bush embodied the 'Greatest Generation'

    James Baker: George H.W. Bush embodied the 'Greatest Generation'

    The caretaker who answered the phone at the time told Bush his father had been silent most of the day, though he noted George H.W. The funeral of former President Ronald Reagan in 2004 brought together both Bushes, Clinton, Carter and Gerald Ford.
    Ohio State University football coach Urban Meyer to announce retirement

    Ohio State University football coach Urban Meyer to announce retirement

    Doing "just fine" isn't really the goal, however, which is why making as seamless a transition as possible is also important. Recruitment: Ohio State's battle for Young came down to the local school, Maryland , and another national power in Alabama .
  • George W. Bush to eulogize late father

    George W. Bush to eulogize late father

    Bush will be honored at several public and private events in Houston and Washington before his burial on Thursday in Texas. His death also reduces membership in the exclusive ex-presidents' club to four: Jimmy Carter, Bill Clinton, George W.
    United States  takes aim at China, Iran, Russia over treaty violations

    United States takes aim at China, Iran, Russia over treaty violations

    Those US sanctions have targeted Iran's critical oil sector, as well as several major Iranian banks and other industries. National Security Adviser John Bolton wrote on Twitter on Saturday, "This provocative behavior can not be tolerated".
    The 7-year-old making $31.7m — YouTube top earners

    The 7-year-old making $31.7m — YouTube top earners

    Forbes measured pre-tax earnings from 1 June 2017 to 1 June 2018, without fees for agents, managers and lawyers being deducted. Asked by NBC why kids liked watching his videos , Ryan - who is now 8 - replied: "Because I'm entertaining and I'm amusing ".
  • Seattle among 8 cities awarded XFL team

    Seattle among 8 cities awarded XFL team

    The XFL is now testing out elements of its format with junior college football teams to solidify a final on-field product. The league's opening weekend will arrive one year after the Alliance of American Football kicks off on February 9, 2019.
    George H.W. Bush’s Service Dog Sully Has A New Assignment

    George H.W. Bush’s Service Dog Sully Has A New Assignment

    Alan Simpson of Wyoming, former Canadian Prime Minister Brian Mulroney and historian Jon Meacham, Bush family spokesmen said. An invitation-only funeral service, which the Trumps will attend, is set for Wednesday at Washington National Cathedral.
    Odell Beckham Jr throws 49-yard touchdown pass for New York Giants

    Odell Beckham Jr throws 49-yard touchdown pass for New York Giants

    "I thought for the most part overall we did a good job shutting down the run, except for a couple big plays", Nagy said. The Bears came right back and forced the overtime. "They executed well and we didn't, that's really the gist of it".
  • Network outages affect millions of mobile customers in the United Kingdom  and Japan

    Network outages affect millions of mobile customers in the United Kingdom and Japan

    Companies that share its network - such as GiffGaff, Sky Mobile and Tesco Mobile - are also being hit by the problems. The service had not resumed by the afternoon.
    Fortnite Creative Lets Players Design Games

    Fortnite Creative Lets Players Design Games

    And if previous seasons are anything to go by, Epic Games usually release 3 teaser posters before the full scale update releases. Epic Games, the people behind behemoth moneymaker Fortnite , is making it a focus with the launch of their own storefront.
    Day ready to follow a tough act at Ohio State

    Day ready to follow a tough act at Ohio State

    ESPN reports Meyer will retire after the Buckeyes' appearance in the Rose Bowl , which will be played January 1. Plus, Penn State is still lurking, even after a disappointing 2018, even as Trace McSorley moves to the NFL.