Huawei exec's fate in limbo as Canada court adjourns extradition hearing

Current Affairs
the Canadian court tussle over the capture of a Huawei telecoms official was placed in limbo Thursday when a judge suspended the case that sets the United States in opposition to China.
Washington is looking for removal of Huawei CFO Meng Wanzhou, who was captured in December 2018 during a flight stopover in Vancouver. Huawei has been viably restricted from the US, which demands the Chinese organization is a secret activities chance.
"I'm saving judgment," British Columbia Supreme Court Justice Heather Holmes said toward the finish of a four-day hearing.
Further hearings are planned for April, June and September on claims of a connivance to capture Meng—the oldest little girl of Huawei organizer Ren Zhengfei—and to smash the Shenzhen-based Huawei. Whenever removed, Meng would confront US arraignment on charges of misrepresentation connected to infringement of assents against Iran.
Removal
Four days of lawful contentions this week concentrated on whether the US energizes would remain in Canada, a key test for removal. Bids by either side could likewise haul out the case—which has stressed relations between the world's two biggest economies—for a considerable length of time.

Every morning of the conference, Meng left one of her two extravagance homes where she is remaining wearing dark business clothing, with her following lower leg arm ornament plainly obvious. She once in a while let out a grin in court and followed procedures determinedly, tuning in with a mediator's assistance, flipping through records and venturing out during breaks to talk with her significant other in the open exhibition...Read More

Huawei CFO set to return to Vancouver court as China-Canada fallout grows

International News

Huawei Technologies Co.’s chief financial officer is set to return to a Vancouver courtroom Wednesday ahead of planned extradition hearings as deteriorating relations with China over her arrest exact a growing toll on Canada.

Meng Wanzhou is scheduled to appear for another preliminary hearing at the Supreme Court of British Columbia as her defense lawyers seek to discredit the US handover request and argue Canada improperly arrested her in December at Vancouver’s airport. Those matters must be dealt with first before extradition hearings can begin, her defense has said.

The main focus of Wednesday’s appearance, set for 10 am Vancouver time, is to schedule subsequent court dates, including those related to any legal applications that Meng’s team plans to bring forward ahead of extradition hearings, according to a statement from Canada’s justice department. There may also be discussions about administrative matters including minor bail amendments, it said.

China has accused Canada of abetting "a political persecution" against its biggest technology company and has demanded the release of Meng, daughter of billionaire Huawei founder Ren Zhengfei. Since December, China has detained two Canadians on national security grounds, holding them in secret jails. China also sentenced two other Canadians to death over drug charges, halted Canadian canola imports and last week suspended import permits for two major Canadian pork exporters.


 Meng, released on C$10 million ($7.4 million) bail in December -- has been living with her husband and youngest daughter at one of the family’s two luxury homes in Vancouver, speaking regularly by phone to her father. She had indicated in bail hearings she would like to move from her house valued at C$5 million to her other C$13.3 million residence once renovations at the latter are complete.

Trump's trade deal with China may relieve Huawei from espionage charges

International News

The US-led campaign against Huawei Technologies Co., China’s telecom giant, has attracted a lot of attention for the indictment of the company’s chief financial officer, Meng Wanzhou. On Thursday, Huawei’s lawyers pleaded not guilty in a New York federal court to 13 counts of fraud involving an elaborate scheme to violate US sanctions against Iran.

That case is no doubt important, not only because of the possibility that Meng, the daughter of Huawei’s founder, could face incarceration. It is also a major irritant in US-China trade talks.
That said, the case is a sideshow. Of greater consequence is a renewed US campaign to pressure and persuade America’s allies to keep Huawei technology and equipment out of the next generation of wireless networks, known as 5G. The stakes in this campaign are much bigger than U.S. market share or the effectiveness of Iran sanctions. If Huawei’s chips and routers find their way into this new network, everything from digital privacy to intellectual property could be at risk.

US intelligence agencies, along with those of many of its allies, have concluded that Huawei’s equipment provides China’s military with a backdoor into the telecom systems that use it.
“Huawei is a spy agency for the Communist Party of China, thinly veiled as a technology company,” says Senator Ted Cruz in a March 14 letter to Secretary of State Mike Pompeo and Director of National Intelligence Dan Coats.


 The U.S. intelligence community has been sounding this alarm for years. Only recently, however, have these worries begun to inform policy. Pompeo himself has been the public face of it, warning last month on a tour of Eastern Europe that it would be “difficult” for the U.S. to partner with countries that use Huawei equipment...Read More

Why China's 5G riches are outside the reach of international investors

International News:

How can investors profit from China’s race with the U.S. for 5G supremacy? Finding the answer is as tricky as figuring out the geopolitics.

The nation’s sleepy telecom stocks came back to life after Huawei Technologies Co. CFO Meng Wanzhou was detained in Canada in early December. While the official charge was that the company had violated U.S. sanctions on Iran, many in China interpreted the action as another attempt by the American government to thwart the country’s advance in 5G. Huawei leads the world in the number of declared essential patents for next-generation wireless technology, according to the European Telecommunications Standards Institute.

The Chinese equipment maker’s woes have only served to spark investor enthusiasm for anything 5G. On Dec. 7, the Ministry of Industry and Information Technology awarded 5G spectrum licenses to its three telecom operators, allowing them to conduct final trials before widespread commercial rollout in 2020. A month later, the government said it will issue temporary licenses in some cities as early as this year. Unlike Europe and the U.S., China is wasting no time in moving ahead on 5G.


 Shares of wireless antenna makers and state-owned China Tower Corp. have been on fire. The monopoly operator of mobile-phone masts has gained more than 40 percent in Hong Kong since early December, bringing its market capitalization to $37 billion. On Monday, when Chinese traders returned after the week-long Lunar New Year holiday, the dozen or so mainland-listed companies that manufacture wireless antennas jumped 4.3 percent. Hong Kong-listed Comba Telecom Systems Holdings Ltd. has soared more than 70 percent.