Two British Banks Ensnared in Huawei Dispute

Two large British banks are among those ensnared in the controversy over Huawei Technologies Co., which escalated over the weekend after the Chinese government warned Canada it would face “severe consequences” if it didn’t release the Chinese telecommunications giant’s finance chief. Canada this month arrested Meng Wanzhou at the behest of U.S. authorities, who are…

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U.S. Takes Aim at Huawei

The Trump administration’s efforts to extradite the chief financial officer of China’s Huawei Technologies Co. over criminal charges mark the start of an even more aggressive phase in the technology rivalry between the U.S. and China and will increase pressure on Washington’s allies to shun the telecommunications company. Armed with a U.S. extradition request, Canadian…

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US markets down after arrest of Huawei executive

US stocks fell sharply on Thursday joining a global rout after the arrest of a key Chinese Huawei executive at Washington’s request revived worries over trade tensions. The detention of Meng Wanzhou, 46, Huawei Technologies Co Ltd’s chief financial officer, threatens to drive a wedge between the United States and China just days after they…

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