News > Technology

How the Arrest of a High-Profile Huawei Executive Could Upend President Trump's Truce with China

6 days ago   |   By

On the same day Donald Trump and Xi Jinping struck a trade war truce in Argentina, some 7,000 miles away Canadian authorities made an arrest that now threatens to make the U.S.-China conflict much worse.
The U.S. is seeking the extradition of Wanzhou Meng, chief financial officer of Huawei Technologies Co., after convincing Canada to arrest her on Dec. 1. Canada confirmed she was in custody shortly after the Globe and Mail reported she had been arrested in connection with violating sanctions against Iran.
China promptly reacted with outrage after the news broke, demanding that both...
Read more ...

 

Stocks plunge as arrest of Chinese tech executive sparks fears of escalating US-China tensions

6 days ago   |   By

Stocks are opening sharply lower as the arrest of a senior Chinese technology executive threatened to worsen trade tensions between China and the U.S.
The price of oil also fell sharply early Thursday as OPEC leaders gathered to discuss possible cuts in production.
The Dow Jones Industrial Average dropped as much as 500 points before erasing some of its losses.
Boeing and Caterpillar, which would stand to lose much in an extended trade battle, fell the most in the Dow.
Traders continued to shovel money into bonds, a signal that they see weakness in the economy ahead.
The Dow fell 390...
Read more ...

 

Wall Street opens lower as Huawei executive arrest fans trade worries

6 days ago   |   By

U.S. stocks tumbled at open on Thursday, as the arrest of a top executive of Chinese tech giant Huawei for extradition to the United States sparked fears of a flare-up in Sino-U.S. tensions, while sliding oil prices added to the pressure.
Read more ...

 

Canada arrested Huawei's CFO, and the US is seeking to extradite her

Canada arrested Huawei's CFO, and the US is seeking to extradite her

6 days ago   |   By

Canadian authorities have arrested Huawei's chief financial officer, Meng Wanzhou.
US officials have been investigating Huawei over alleged violations of the country's sanctions on Iran and are seeking to extradite Meng.
The arrest comes amid a trade war between the US and China.
The chief financial officer of Chinese tech and telecoms giant Huawei has been arrested in Canada at the request of US authorities and faces extradition to the United States.
The Canadian Justice Department arrested Wanzhou Meng in Vancouver on Saturday, and US officials want Canada to extradite her, agency...
Read more ...

 

Global markets plunge amid fears of new U.S.-China rift

6 days ago   |   By

Global stock markets slumped on Thursday as the arrest of a top executive of Chinese tech giant Huawei in Canada for extradition to the United States fed fears of fresh tensions between the two economic superpowers.
Read more ...

 

What is China's Huawei Technologies and why is it controversial?

6 days ago   |   By

The arrest in Canada of Meng Wanzhou, a top executive at China's Huawei Technologies Co Ltd and daughter of the founder and CEO, jolted the global business community on Thursday and raised fears that a truce in the U.S.-China trade war could come to a swift end.
Read more ...

 

Futures drop as Huawei executive arrest fans China-U.S. worries

6 days ago   |   By

U.S. stocks were set to tumble on Thursday as the arrest of a top executive of Chinese tech giant Huawei for extradition to the United States sparked fears of a flare-up in Sino-U.S. tensions, while sliding oil prices added to the pressure.
Read more ...

 

The Finance 202: Huawei executive's arrest ramps up U.S.-China tension ahead of talks

6 days ago   |   By

Meng Wanzhou's arrest comes at a particularly sensitive time.
Read more ...

 

Global stocks slump on China executive arrest, oil spills into OPEC

6 days ago   |   By

Global stock markets slumped for a third day running on Thursday as the arrest of a top executive of Chinese tech giant Huawei in Canada for extradition to the United States fed fears of fresh tensions between the two economic superpowers.
Read more ...

 

Sails make a comeback as shipping tries to go green

6 days ago   |   By

LONDON - As the shipping industry faces pressure to cut climate-altering greenhouse gases, one answer is blowing in the wind.
European and U.S. tech companies, including one backed by airplane maker Airbus, are pitching futuristic sails to help cargo ships harness the free and endless supply of wind power. While they sometimes don't even look like sails - some are shaped like spinning columns - they represent a cheap and reliable way to reduce CO2 emissions for an industry that depends on a particularly dirty form of fossil fuels.
“It's an old technology,” said Tuomas Riski, the CEO of...
Read more ...

 

Futures tumble as China executive arrest threatens trade truce

6 days ago   |   By

U.S. stock index futures fell more than 1.5 percent on Thursday, as the arrest of a top executive of Chinese tech giant Huawei for extradition to the United States sparked fears of a flare-up in Sino-U.S. tensions, while sliding oil prices added to the pressure.
Read more ...

 

The Long Arm of U.S. Law Reaches for China

6 days ago   |   By

Alex Lo , SCMP
There is a common thread in the cases against former Hong Kong minister Patrick Ho Chi-ping, Huawei's Sabrina Meng Wanzhou and fugitive mainland billionaire Guo Wengui - America's multiple fronts against China
Read more ...

 

Huawei Finance Chief's Arrest Threatens To Inflame U.S.-China Tensions

Huawei Finance Chief's Arrest Threatens To Inflame U.S.-China Tensions

6 days ago   |   By

Canadian authorities have arrested Meng Wanzhou, the company's CFO and daughter of its founder, at the request of the U.S. And Chinese officials have made quite clear they're not happy about it. (Image credit: Lluis Gene/AFP/Getty Images)
Read more ...

 

Huawei Finance Chief's Arrest Threatens To Inflame U.S.-China Tensions

Huawei Finance Chief's Arrest Threatens To Inflame U.S.-China Tensions

6 days ago   |   By

Canadian authorities have arrested Meng Wanzhou, the company's CFO and daughter of its founder, at the request of the U.S. And Chinese officials have made quite clear they're not happy about it. (Image credit: Lluis Gene/AFP/Getty Images)
Read more ...

 

The Latest: China demands Canada release Huawei executive

6 days ago   |   By

China's foreign ministry has demanded Canada release a top executive at Chinese telecoms giant Huawei Technologies who has been detained while in transit, and reveal the reasoning behind her arrest
Read more ...

 

Arrest of Huawei 'heiress' throws rare spotlight on family

6 days ago   |   By

Like many top Chinese executives, Meng Wanzhou is a mysterious figure even in her home country, but the 46-year-old chief financial officer of Huawei Technologies had been widely tipped to one day take the helm of the tech giant her father founded.
Read more ...

 

‘Clarify and release immediately', Beijing demands after Canada detains Huawei CFO on US request

6 days ago   |   By

Furious Beijing has demanded explanations from Ottawa and Washington after a senior officer of the Chinese telecom giant was detained in Canada on a request from the US. China urges her immediate release.
Read more ...

 

After Arrest In Canada, Huawei Executive Faces Extradition To U.S

6 days ago   |   By

At the request of the U.S. government, Canadian authorities have arrested the chief financial officer, who also is the daughter of the founder of Chinese telecommunications giant Huawei.
Read more ...

 


Search by Tags

   Technology      U.S.      Donald Trump      Bloomberg      China      Onetime      Economy      Industry      Tech      News      BusinessNews      Market      Finance      Running      PMN News      PMN World      AP      AM Update      International  


Official: Military jet crashes in ocean off Hawaii

Official: Military jet crashes in ocean off Hawaii

A military spokesman says an aircraft crashed in the ocean Wednesday. Read more ...

Reports: 3 people missing in West Virginia coal mine found alive

Reports: 3 people missing in West Virginia coal mine found alive

Three people who were missing in an abandoned coal mine have been found, according to officials. Read more ...

Takeaways from Parkland shooting report include security and law enforcement...

Takeaways from Parkland shooting report include security and law enforcement response failures

Unlocked and unmanned gates and an inadequate public address system are among the missteps highlighted in the draft report of the Marjory Stoneman Douglas High School Public... Read more ...

Here's how having a decorated Christmas tree during the holidays became a...

Here's how having a decorated Christmas tree during the holidays became a popular tradition

The tradition of keeping a decorated evergreen tree indoors dates back further than you might think. Read more ...

200 against 117: Theresa May survives no confidence vote

200 against 117: Theresa May survives no confidence vote

UK Prime Minister Theresa May has survived a no confidence vote with 200 of Conservative party MPs supporting her leadership and 117 voting against her highly divisive Brexit plan. Read more ...

Family: 9-year-old killed herself after bullies mocked her for having a...

Family: 9-year-old killed herself after bullies mocked her for having a white friend

Family members say the girl committed suicide after being bullied with racist taunts. Read more ...

Mother gets probation after infant son dies from large dose of Benadryl

Mother gets probation after infant son dies from large dose of Benadryl

A woman whose infant son died after she gave him large amounts of an allergy medication has been given two years of probation. Read more ...

20 Christmas light displays across America you need to see

20 Christmas light displays across America you need to see

These holiday light displays and shows are merry and bright. Read more ...

U.S. Indo-Pacific forces participate in annual Operation Christmas Drop

U.S. Indo-Pacific forces participate in annual Operation Christmas Drop

Santa 21 returned to the “North Pole” of Andersen Air Force Base, Guam, after delivering three bundles to the island of Nama in the Federated States of Micronesia Dec. 10. Read more ...

Ellen DeGeneres considers ending daytime talk show

Ellen DeGeneres considers ending daytime talk show

Ellen DeGeneres renewed her deal in 2016 but had been "close to declining" the offer. Read more ...