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Huawei CFO found to be carrying several Hong Kong passports

Meng Wanzhou, the Huawei executive who was apprehended last week in Vancouver on a US arrest warrant, was carrying three Hong Kong-issued passports at the time of arrest, the South China Morning Post reports. Officials of the special administrative territory have since confirmed that only one passport can be valid at any given time, though […]

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Brief Economics & Trade Politics & Society

Details of US-China trade cease fire deal begin to emerge

Robert Lighthizer, the US Trade Representative and lead negotiator in trade discussions with China, has reiterated that the United States will go ahead with planned hikes in tariffs on $200 billion of Chinese imports unless real progress is made before a 90-day deadline to strike a cease fire deal on the trade war, the Wall Street […]

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BA and beyond

The Xi-Trump meeting at G20 went much as we predicted – there was a delay in the implementation of higher US tariffs on Chinese imports, and that gave the markets an excuse for a temporary bounce. But it then unraveled into uncertainty, with the US and China sides providing different versions of what had been […]

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Officials and markets react to arrest of Huawei executive

Canadian Prime Minister Justin Trudeau told reporters on Thursday that the government played no role in the arrest of Huawei’s chief financial officer, Meng Wanzhou, last week, an event which has sparked outrage from China and shaken global markets. “The appropriate authorities took the decisions in this case without any political involvement or interference… we […]

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Banking & Finance Brief Economics & Trade Law & Regulation Politics & Society Tech, Media & Telecom

US probe into Huawei involves bank fraud allegations

The US government probe that led to the arrest of Huawei executive Meng Wanzhou last weekend is investigating the telecoms giant’s use of the global banking system to skirt US sanctions against Iran, sources told Reuters. Washington has been monitoring Huawei’s logistical relationships with Iran and other US-sanctioned markets since 2016, but the inquiry has […]