World markets down after arrest of Huawei executive

06 Décembre, 2018, 21:11 | Auteur: Auguste Feret
  • World markets down after arrest of Huawei executive

The Pentagon has alleged the Chinese government could use the phones to spy.

While the suspected reason for Wanzhou's arrest relate to accusations of breaking American sanctions against Iran, one expert says the US has long expressed concerns about the Chinese government using the telecom giant's cell networks to spy on foreign countries like the USA and Canada.

Chinese officials on Thursday blasted Meng's arrest - but experts warn more forceful actions, including the possibility of tit-for-tat detentions of high-profile citizens, could be coming. David Mulroney, a former Canadian ambassador to China, said U.S. and Canadian business executives could face reprisals in China.

European shares fell on Thursday after the arrest of a top executive at Huawei fed new worries over the Sino-U.S. trade war, hitting export-oriented tech and auto stocks.

"We have made solemn representations to Canada and the United States, demanding that both parties immediately clarify the reasons for the detention, and immediately release the detainee to protect the person's legal rights", foreign ministry spokesperson Geng Shuang told reporters. China, which has spent the week thus far making conciliatory gestures to the U.S.in an attempt to bring the trade war to an end, is furious and is demanding Meng's release.

The Wall Street Journal reported in April that American authorities are investigating whether the Chinese tech company violated sanctions on Iran.

Following Wanzhou's arrest, several Chinese companies' stocks plummeted - including Huawei's supplier firms and its main rival, ZTE. Her stature in Chinese culture has been compared to American tech giants such as Steve Jobs or Mark Zuckerberg.

Bookmakers agree to stop advertising during live sports on TV
More than 90 minutes of betting adverts were shown on British TV during this summer's World Cup. Almost 60% of clubs in England's top two divisions have gambling companies as shirt sponsors.

Steelers vow to ban fan who choked pregnant Chargers fan
A second incident involving a pregnant Los Angeles Chargers fan who was choked by a Steelers fan is under investigation. Bryan said her neck is bruised but she is doing fine.

Infant liquid ibuprofen sold at Walmart, CVS & Family Dollar
The recall products are labeled to contain 50 mg of Ibuprofen per 1.25 mL. "Tinnitus, headache and gastrointestinal bleeding". Tris Pharma said the product was used as a pain reliever or fever reducer, and was packaged in 0.5 ounce bottles.

"This comes at a truly delicate time", Win Thin, global head of currency strategy at Brown Brothers Harriman, wrote to clients on Thursday.

"Washington is attempting to damage Huawei's worldwide reputation and taking aim at the tech giant's global market in the name of law", the editorial stated.

The Chinese government has demanded that Meng be released. It should increase interaction with the US and exert pressure when necessary.

The arrest by Canadian authorities of Meng stems from an allegation that another company which she managed violated a USA ban against selling technology to Iran. Over the weekend, President Trump had tweeted that he was suspending an increase in tariffs after reaching a deal with China. Trump and Xi have dug in on their respective positions and have mostly been waiting for the other party to blink.

Washington had previously moved to constrain Huawei's business dealings in the U.S. The government cited concerns over Huawei's close ties to the Chinese government, arguing this made it a security risk.

United States national security officials have said Huawei poses a security risk due to its alleged close links to the Chinese government.

Conseillé:



Populaire

Hawaiian Monk Seal Gets Eel Stuck Up Its Nose
But recent years have shown "encouraging developments", according to NOAA Fisheries . So, they go for the food, like eels, whose strategy is to hide.

Manafort tried to broker deal over Assange’s handover to US
Assange and Wikileaks are also players in the investigations into Russian interference in the 2016 election. However, during the meeting, the topic of the WikiLeaks' founder's extradition came up.

Ellen DeGeneres' Netflix special "Relatable": Watch the first trailer
After 15 years of making us laugh on The Ellen Show , Ellen DeGeneres is ready to make us laugh with a stand-up special.

Vermeer's 36 works go on show via art app
As the user picks up a room, they will be able to walk up to the paintings to study them in detail and learn more about them. While viewing paintings on smartphones is no big deal, it still won't be equal to give the feel of being in a museum.

Les syndicats seront reçus jeudi au ministère — Transport routier
Cela restera donc toujours l'accord de branche qui s'appliquera en la matière, aujourd'hui comme demain", a expliqué le ministère. Je l'ai dit et écrit aux organisations syndicales et je suis prête à leur confirmer à nouveau.

Reuben Foster’s Ex Shares Details Of Alleged Assault
San Francisco didn't release Foster at the time because they were made aware of Ennis' decision. The 49ers released Foster after the incident in Tampa and the Redskins claimed him on waivers.

Matteo Guendouzi trolls Marouane Fellaini after hair pull
In the match, Marouane Fellaini was spotted pulling Matteo Guendouzi's hair, which caused a reaction on social media. The Belgian was subsequently reprimanded by referee Andre Marriner but somehow managed to escape a booking.

Trump EPA to strike blow against climate rules, reports say
The Energy Information Administration wrote that coal consumption by the USA grid will end down 4 percent this year. Only one, relatively small, new coal-fired generator is expected to come online by the end of 2019, the EIA said .

Martin Dempster: Tiger Woods wins ‘scoop shot of the year’
Of the six titles, three are on PGA Tour, two on European and now the unofficial PGA Tour win at Hero World Challenge. Rahm ends his year with three victories, just like in 2017, his first full season as a pro.

BoE's Carney defends Brexit warnings
Less than half United Kingdom businesses have initiated contingency plans for a no-deal Brexit , says Mark Carney . We didn't just stay up all night and write a letter to the Treasury Committee. "We didn't say up all night".