Economy

CFO of China tech giant Huawei Technologies arrested in Vancouver

CFO of China tech giant Huawei Technologies arrested in Vancouver

USA authorities are investigating whether Chinese tech giant Huawei violated sanctions on Iran.

Canada has arrested Huawei's global chief financial officer in Vancouver, where she is facing extradition to the United States, Canada's Department of Justice said on Wednesday (Dec 6).

He refused to provide any details on the circumstances of the Chinese executive's arrest, saying that she was "sought for extradition by the United States".

The report said the USA had been keeping a close eye on Huawei's alleged shipping of U.S. products to Iran and other countries in violation of sanction laws.

France abandons petrol tax rises after deadly protests
Nine government ministers were sent out to the television and radio studios Wednesday to explain the administration's stance. Prime Minister Edouard Philippe told parliament: "What is at stake is the security of French people and our institutions.

The daughter of Huawei's founder, and the firm's current deputy chair, has been arrested in Canada. "The ban was sought by Ms Meng".

The Chinese Embassy in Ottawa said her human rights were violated and demanded her immediate release.

"The Chinese side firmly opposes and strongly protests over such kind of actions which seriously harmed the human rights of the victim".

The US Justice Department probe is being run out of the US attorney's office in Brooklyn, the sources said.

Pep Guardiola asks Gabriel Jesus to keep helping Manchester City
The 1st half finished in a 1-all draw but goals from Raheem Sterling and Ilkay Gundogan secured the three points for City. Fourteen matches played, 12 won, two drawn and 43 goals scored, City have been dominant once again this campaign.

Meng Wanzhou's detention comes after American authorities reportedly launched an investigation into suspected Iran sanctions by Huawei, which was already under scrutiny by USA intelligence officials, who deemed the company a national security threat.

A foreign ministry spokeswoman, Hua Chunying, said then that China opposes any country imposing unilateral sanctions based on its own law.

In a statement, Huawei said it complied with "all applicable laws and regulations where it operates, including applicable export control and sanction laws and regulations of the UN, US and EU".

Skycom was described by Huawei as one of its "major local partners", although the Chinese company said neither it nor Skycom ultimately provided the HP equipment. That is widely seen as part of a broader effort by Washington to respond to intensifying competition with Chinese technology industries that Trump says benefit from improper subsidies and market barriers.

North American leaders sign NAFTA replacement deal
Larry Kudlow, Trump's senior economic adviser, said he and Trump hadn't spoken in detail about the president's thinking. Although the three country leaders agreed to the new terms, lawmakers in each country still need to ratify the deal.

Earlier this year, it barred U.S. companies from exporting to Chinese telecommunications firm ZTE over violations of the Iranian sanctions, effectively shutting down the firm.