Huawei CFO arrested in Canada at behest of US

Discussion in 'Wall St. News' started by Cuddles, Dec 6, 2018.

  1. dealmaker

    dealmaker

    Watching Huawei. It could have been the smoking gun Huawei's objectors are looking for. Bloomberg reported this week events from 2011 and 2012 where British telecoms multinational Vodafone found backdoors embedded in components provided by Huawei. However, Vodafone has since disputed details of the report, claiming that the "backdoors" were remnants of a common diagnostic protocol, rather than clandestine access points implemented by Huawei. But Huawei's handling of the situation in 2011 remains troubling. According to the report, Huawei lied to Vodafone when the British firm asked it to remove the "backdoors." Huawei simply hid them instead. Bloomberg
     
    #71     May 5, 2019
  2. Cuddles

    Cuddles


    None of these posts relate to the original topic. Please start your own thread instead of hijacking someone else's
     
    #72     May 5, 2019
  3. luisHK

    luisHK

    All those posts relate to Huawei, not that off topic.
    2 canadians citizens have been sentenced to death in drugs cases since Huawei CFO arrest in Canada, and among other arrests of canadian citizens, 2 of them (non drugs related) are largely considered retaliation.
    Economic retaliation has also started from China towards Canada. That was a big decision they took to arrest that lady.
     
    #73     May 5, 2019
    dealmaker likes this.
  4. Cuddles

    Cuddles

    This is not a free for all "Huawei" thread. Yes the Canadian arrests are relevant to this story, and I've even posted them in response to the CFO arrest.
     
    #74     May 5, 2019
  5. Alibaba is owned by the cpp, you mean to tell me Huweiii isn't government owed ? Jack ma's ownership got robbed, or as they say " transferred " to 5 senior cpp members and wrote a nice " letter " detailing why he didn't want to die in the office, yet preaches working 60 + hours a week as a good thing, but he retired cause working too much was bad ? You ever see Jack ma with his family outside of China, any pictures ? His family can't leave China with him, wonder why ?

    Hahaha, it's the most wonderful time of the yearrrrr! Hey LuisCK, word on the street is that the cpp robbed HK Foreign Reserves, so HK had to massively rise Interbank Rates to hopefully increase inflow of Dollars, while economy and banking system hanging on a thread... Hong Kong economy blowing up, and will likely get much worst now with rates this high, care to confirm why they are doing this ?

    https://www.wsj.com/articles/jack-m...owner-of-alibaba-business-licenses-1538365628 , you can find 30 articles, some just stick to the script, others are baffled why this insanely hard working guy, would randomly give up the company he worked his whole life for, the same company that controls the payment system in China, to 5 random guys
     
    #75     May 5, 2019
  6. srinir

    srinir

    https://www.reuters.com/article/us-canada-trade-china-huawei-idUSKCN1SB0IA

    In a sign of increasing frustration at what it sees as a lackluster U.S. response, Prime Minister Justin Trudeau’s government is signaling it could withhold cooperation on major issues.

    China has upped the pressure on Canada in recent weeks over the arrest of Huawei Technologies Co Ltd Chief Financial Officer Meng Wanzhou, arrested last December on a U.S. warrant. It halted Canadian canola imports and last week suspended the permits of two major pork producers.
    ...
    “It’s a very challenging situation. When we raise it with the Americans they just say, ‘Dealing with the Chinese is tough’,” said a Canadian government source.

    “It’s also not clear who we should be targeting since you never know who is up and who is down in the administration at any given point,” said the source, who requested anonymity given the sensitivity of the matter.
    ...
    Canada’s U.S. ambassador David MacNaughton, who noted Canada has assisted the current U.S. administration on diplomatic efforts with Venezuela, Latvia and NATO, strongly suggested future requests for aid would not be met so positively unless Washington cooperated more.
    ...
    “At the political level, this administration doesn’t like us very much,” said a second well-placed source.

    Intertwined with the China crisis is a second problem: the tariffs on Canadian steel and aluminum that Trump imposed last year on national security grounds.
     
    #76     May 12, 2019
  7. Cuddles

    Cuddles

    Nice cudgel he's giving democrats with this precedent

    https://www.cnbc.com/2019/05/15/tru...gency-over-threats-against-us-technology.html

    Trump declares national emergency over threats against US technology amid campaign against Huawei

    • President Donald Trump on Wednesday declared a national emergency over threats against American technology, the White House said.
    • The move, done via executive order, is expected to precede a ban on U.S. firms doing business with the Chinese telecommunications company Huawei.
    • The announcement comes as the U.S and China remain locked in a trade dispute.
    President Donald Trump on Wednesday declared a national emergency over threats against American technology, the White House said.

    The move, done via executive order, authorized the Commerce Secretary Wilbur Ross, in consultation with other top officials, to block transactions that involve information or communications technology that “poses an unacceptable risk to the national security of the United States.”

    Following the order, the U.S. Department of Commerce announced the addition of Huawei Technologies and its affiliates to the Bureau of Industry and Security (BIS) Entity List, making it more difficult for the Chinese telecom giant to conduct business with U.S. companies.

    The addition means that U.S. companies cannot sell or transfer technology to Huawei without a license issued by the BIS. That could make it harder for Huawei to do business, as it depends on some U.S. suppliers for parts.
     
    #77     May 15, 2019
  8. Cuddles

    Cuddles



    Trump says Huawei could be part of trade deal

    [​IMG]
     
    #78     May 26, 2019
  9. Cuddles

    Cuddles

    I wonder how many days before this goes away?
     
    #79     Jul 1, 2019