News > Technology

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

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

2 monthes 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...
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Wall Street opens lower as Huawei executive arrest fans trade worries

2 monthes 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.
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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

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

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

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

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

2 monthes ago   |   By

Meng Wanzhou's arrest comes at a particularly sensitive time.
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Global stocks slump on China executive arrest, oil spills into OPEC

2 monthes 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.
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Sails make a comeback as shipping tries to go green

2 monthes 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...
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Futures tumble as China executive arrest threatens trade truce

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

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

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

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

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

2 monthes 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)
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The Latest: China demands Canada release Huawei executive

2 monthes 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
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Arrest of Huawei 'heiress' throws rare spotlight on family

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

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

2 monthes 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.
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