• Home
  • About Team
  • Advertise with us
  • Privacy Policy

  • Markets
  • Culture&Arts
  • Sci-tech
  • Sport
  • People
  • Medicine
  • U.S.

Arrest of Huawei CFO a unsafe precedent and threat to global trade

  • by Claude Bryan
  • in Markets
  • — Dec 7, 2018
Share:

The timing of the arrest on Saturday, the same day USA president Donald Trump sat down to dinner with Chinese president Xi Jinping, has added to the likelihood the incident could derail a trade truce.

Meng's arrest during a stopover in Vancouver, announced by the Canadian authorities on December 5, pummeled stock markets already nervous about tensions between the world's two largest economies on fears the move could derail the planned trade talks.

U.S. media reports said Meng is suspected of breaching United States sanctions on Iran, prompting Chinese commentators to argue that USA domestic law had no jurisdiction over Chinese citizens.

Another U.S. official told Reuters that while it was a Justice Department matter and not orchestrated in advance by the White House, the case could send a message that Washington is serious about what it sees as Beijing's violations of global trade norms.

The Crown counsel is expected to argue that Meng poses a flight risk and should be kept in a detention facility, legal experts said.

Meng, 46, is deputy chairwoman of Huawei Technologies, one of China's telecom giants and a family business founded in 1987 by her former military-engineer father Ren Zhengfei. Meng Wanzhou is scheduled to appear in court on Friday for a bail hearing.

Huawei, which has confirmed Meng was arrested, said on Wednesday that "the company has been provided very little information regarding the charges and is not aware of any wrongdoing by Ms. Meng".

She could also be fitted with electronic monitoring equipment, and the court could go so far as to order security to monitor her while she awaits a decision on extradition, lawyers said. But Huawei spokesman Chase Skinner said in a statement that Huawei is unclear on why she was detained. She would also have to give up her passport, he said.

Riyad Mahrez insists Manchester City will benefit from Watford scare
The Sunderland side of 1892-93 were the last to manage such a healthy tally, with a plus 39 goal difference after 15 matches. At 2-0 you think we can go on but Huddersfield did very well and created chances.

"So not respecting this particular arrest, but Huawei is one company we've been concerned about".

Meng rose through the company ranks through hard work rather than privilege, said Wenran Jiang, a senior fellow at the University of British Columbia's Institute for Asian Research.

The Chinese embassy in Canada also issued strong warnings about the arrest.

But its U.S. business has been tightly constrained by worries it could undermine American competitors and that its cellphones and networking equipment, used widely in other countries, could provide Beijing with avenues for espionage.

James Lewis, director of technology policy at the Centre of Strategic and International Studies, who is also a former Commerce Department official, told United States news website Axios: "Huawei is one of the Chinese government's pet companies".

Some analysts say Meng's arrest could be used as a bargaining chip, but White House trade advisor Peter Navarro denied it was linked the US-China trade negotiations.

China has expressed extreme displeasure at the detainment of Meng Wanzhou and demanded her immediate release.

Share:

IN CASE YOU MISSED IT

  • Mika Singh arrested in Dubai for allegedly sending inappropriate pictures to teenager
  • Green Bay Packers star Aaron Rodgers makes surprise admission on Mike McCarthy
  • Premier League Wednesday: Will Manchester United Snap Arsenal’s 19-Match Unbeaten Streak?
  • YOU MAY ALSO LIKE...

    • China raises hopes of trade deal with Trump as Xi joins talks 2/15/2019
    • Nigeria’s daily oil production falls to 1.99 million barrels 2/15/2019
    • UK PM offers Opposition leader more talks over Brexit 2/13/2019
    • 'Green New Deal' to get vote in Senate 2/13/2019
    • Germany to not exclude Huawei from 5G networks 2/10/2019
    • Bitcoin exchange president’s death puts $137M out of reach 2/09/2019
    • Jeff Bezos claims tabloid tried to blackmail him with explicit pics 2/08/2019
    • Facebook profits hit record high (despite year of scandals) 2/07/2019
    • US Employers Add 304,000 Jobs in January 2/04/2019
    • USA sets deadlines in Venezuela oil sanctions 2/03/2019

RELATED NEWS

Brexit deal debate continues in House of Commons
In interview on BBC Radio 4's Today programme, Mrs May said her fear was that "Parliament in some way frustrates Brexit ". Another said it was: "Too little, too late".
12/07/2018

Leading senators push towards deal targeting Saudi Arabia
A sizable number of senators on both sides of the aisle have rejected the administration's handling of the Khashoggi killing. If he were in front of a jury, "he would have a unanimous verdict in about 30 minutes".
12/07/2018

Honduran woman in migrant caravan gives birth in US
Thousands of migrants have been waiting for a chance to apply for asylum. The desperation of many drives them to take a perilous journey.
12/07/2018

Apple purges over 700 apps from the App Store in China
Android and iPhone users, we are providing links to the app down below if you want to install it on your smartphone. The new DND feature on iOS is not limited to India and is available for users across the globe.
12/06/2018

Hootie And The Blowfish Announce Reunion Tour
The band scored most of its more recognizable hits off 1994's " Cracked Rear View " album. Tickets will go on sale at the venue's website and Ticketmaster 10 a.m.
12/06/2018

India is looking to dominate Oz in upcoming test series
Kohli said the series might be played in a better spirit than the last tour but there was always a place for chatter. "He has played enough cricket in England which is obviously different conditions, not much help for the spinner".
12/06/2018

Mark Hughes' Premier League record in numbers after Southampton sack the Welshman
Their only victory came on September 1, at Crystal Palace, and Hughes exits with a win ratio of just 19.2 percent. Hughes's successor is set to be the club's fourth manager in two years.
12/06/2018

Not sexual harassment - Hegerberg on twerking row
Would you ask the same of a man? Today, Solveig has posted an apology for the twerk incident. Naturally, those on social media were not here for the incredibly belittling comment.
12/06/2018

Body Of George H.W. Bush Returns To Washington
Bush will be honored at several public and private events in Houston and Washington before his burial on Thursday in Texas. Bush's service dog appearing to mourn beside the casket of his old master has left social media a little teary-eyed.
12/06/2018

Global carbon dioxide emissions rise to new record high in 2018
Most of that growth can be traced to an exceptionally hot summer and cold winter. China, India and the European Union are setting the pace.
12/06/2018

Husband of missing woman Lynette Dawson arrested on the Gold Coast
Dawson has always maintained his innocence, and claimed his wife had run away to live with a religious cult in remote area of NSW. Mr Dawson told Lynette's family that she needed time away, and he did not report her missing to police for nearly six weeks.
12/06/2018

Facebook Struck Deals Over Data and Burnt Rivals, Say Lawmakers
He'd obtained the documents after compelling the founder of USA software company Six4Three to hand them over during a business trip to London .
12/06/2018

Source says Nationals signing Patrick Corbin for 6 years, pending physical
There has been speculation that Corbin will sign with the Yankees for less money to play for the team he grew up rooting for. NY was reportedly unwilling to offer Corbin a six-year deal, which was a deal breaker for the former Diamondbacks star.
12/05/2018

New Caledonia orders tsunami evacuation after M7.6 quake prompts tsunami alert
A magnitude 7.0 aftershock has struck off the coast of New Caledonia , hours after the French territory was hit by an quake . A 72cm-high tsunami has been observed near Lenakel, the largest town on the island of Tanna, Vanuatu , the PTWC reported.
12/05/2018

Ohio State coach Urban Meyer announces retirement
As a result of knowing about the accusations, Meyer was suspended the first three games of this season. Ohio State finished the 2018 season at No. 6. "I recognize the toll that it takes", Smith said.
12/05/2018

    • Top picks

      • Trump optimistic in midst of key trade talks with China2/01/2019
      • Border Patrol Agents’ Wives Invite Pelosi to Texas to ‘Show Her Around’1/29/2019
      • Trump’s DOJ Charges Huawei With Fraud Amid Heightened Tensions With US1/29/2019
      • Shutdown Projected to Cause $3 Billion Permanent Hit to Economy1/29/2019
    • Weekly News

      • Maduro rejects European demands for new election1/28/2019
      • Search for 300 missing after deadly Brazil dam collapse1/27/2019
      • Huawei will unveil world's first 5G foldable smartphone next month1/26/2019
      • Tesla's Model 3 is finally coming to Europe1/25/2019
    • Latest News

      • Amazon sales, profit top estimates as retail, advertising soar2/02/2019
      • Moscow 'sends $1.2bn in gold' to aid Venezuela's Maduro2/02/2019
      • India Keeps Oil Trade With Venezuela2/02/2019
      • World stocks surge on Fed pledge to pause, dollar slips2/01/2019
    • Home
    • About Team
    • Advertise with us
    • Privacy Policy

    Sunday 17 February 2019

    © 2019 . ALL RIGHTS RESERVED.