Breaking: Huawei CFO arrested

NEw Delhi, December 06: Here is the breaking news that, Canada has arrested Huawei s global chief financial officer in Vancouver, where she is facing extradition to the US in a move likely to exacerbate tensions between the US and China.

According to the sources, Meng Wanzhou, one of the vice-chairs on the Chinese technology company’s board and the daughter of the company founder Ren Zhengfei, was arrested on 1 December and a court hearing has been set for Friday, according to Canada’s department of justice. The arrest is reportedly related to violations of US sanctions.

The Sources added that, In a statement, the department confirmed Meng had been arrested and was facing extradition. “As there is a publication ban in effect, we cannot provide any further detail at this time. The ban was sought by Ms Meng,” it said.

United States stock futures and Asian shares tumbled after Meng’s arrest. The news came as Washington and Beijing begin three months of negotiations aimed at de-escalating their bruising trade war, which is adding to global investors’ worries over rising US interest rates and other risks to global economic growth.