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SHANGHAI/BEIJING (Reuters) - A former Canadian diplomat has been detained in China, two sources said on Tuesday, and his current employer, the International Crisis Group, said it was seeking his prompt and safe release. Michael Kovrig’s detention comes after police in Canada arrested the chief financial officer of China’s Huawei Technologies Co Ltd [HWT.UL] on Dec. 1 at the request of U.S. authorities, a move that infuriated Beijing. It was not immediately clear if the cases were related, but the arrest of Huawei CFO Meng Wanzhou in Vancouver has stoked fears of reprisals against the foreign business community in China.

President Trump was not aware of the unusual arrest of a major Chinese technology executive when he sat down to dinner recently with Chinese President Xi Jinping, according to White House economic adviser Larry Kudlow. Huawei Technologies Chief Financial Officer Meng Wanzhou was arrested in Canada on Dec. 1 on a U.S. extradition warrant. Huawei is suspected of evading American sanctions on Iran, a possibility that U.S. prosecutors have been investigating since 2016. The arrest was made on the same day that Trump and Xi met for dinner amid high-level trade and national security talks in Buenos Aires. An unnamed...

Meng Wanzhou is being held in Canada at U.S. request to be extradited, face allegations she violated sanctions on dealing with Iran BEIJING—China issued an ultimatum to Canada, demanding the immediate release of Huawei Technologies Co.’s finance chief or face unspecified “severe consequences.” Chinese Vice Foreign Minister Le Yucheng summoned Canada’s ambassador to Beijing, John McCallum, on Saturday to deliver the warning, according to a statement from the Chinese Foreign Ministry.

Canadian Prosecutor: U.S. Concerned Over Huawei’s Connection to Iran Through Skycom *U.S Alleges Huawei’s CFO Hid from Financial Institutions That Skycom Was Part of Huawei -- Canadian Prosecutor *Canadian Prosecutor Says Deceiving Banks Over Huawei-Skycom Ties Was ‘Crux’ of Alleged Fraud *Canadian Prosecutor’s Comments Come at Bail Hearing in Canadian Court for Huawei CFO *Canadian Prosecutor Says Huawei CFO is Flight Risk If Granted Bail, Given Family Wealth MORE TO COME

The detention in Canada of Meng Wanzhou, Huawei’s CFO and the daughter of its founder, is further inflaming tensions between the US and China. Her arrest is linked to a US extradition request on undisclosed charges, but China says it’s a human rights violation and is demanding her swift release. Behind this very public drama is a long-running, behind-the-scenes one centered on western intelligence agencies’ fears that Huawei poses a significant threat to global security. Among the spooks’ biggest concerns are: There could be “kill switches” in Huawei equipment… The Chinese firm is the world’s largest manufacturer of things like...

There's a good chance the Chinese will retaliate for the arrest of Huawei CFO Meng Wanzhou by targeting American businesses in China, former assistant U.S. trade representative Jeff Moon told CNBC on Thursday. Meng was arrested on Saturday in Canada and is facing extradition to the United States reportedly for violating U.S. sanctions on Iran.

The chief financial officer of Chinese tech giant Huawei has been arrested in Canada. She faces extradition to the United States. Meng Wanzhou, also known as Sabrina Meng and Cathy Meng, was apprehended in Vancouver on December 1, according to Canadian Justice Department spokesman Ian McLeod. In addition to her role as CFO, Meng serves as deputy chairwoman of Huawei's board. She's the daughter of Huawei founder Ren Zhengfei. Meng "is sought for extradition by the United States, and a bail hearing has been set for Friday," McLeod said in a statement, which was first reported by The Globe and...

WASHINGTON (Reuters) - The Democratic National Committee warned party candidates running in November elections not to use devices made by Chinese telecommunications companies ZTE Corp and Huawei Technologies because they pose a security risk, a Democratic source said on Friday. U.S. lawmakers and the Trump administration have pressured U.S. companies to not sell Huawei or ZTE (000063.SZ) products, saying they potentially could be used to spy on Americans. Earlier this year they pushed AT&T (T.N) to drop a deal with Huawei to sell its smartphones in the United States.

In a letter sent to Google’s parent company, Alphabet, Sen. Mark R. Warner (D-Va.) said the tech giant’s deals with Huawei and two other Chinese companies, Xiaomi and Tencent, raise “serious national security concerns.” He pressed the search giant to detail more information about the data it may have shared with the firms and where it is stored — and he issued a similar request to Twitter. The new attention adds to the mounting pressure on Silicon Valley about its sometimes-secret data-swapping practices. It could also further heighten trade tensions between the United States and China, which the U.S. government...

WASHINGTON (Reuters) - Two Republican Senators introduced legislation on Wednesday that would block the U.S. government from buying or leasing telecommunications equipment from Huawei Technologies Co Ltd or ZTE Corp, citing concern the Chinese companies would use their access to spy on U.S. officials. https://finance.yahoo.com/news/senators-propose-bill-block-u-025751887.html

FCC chairman Ajit Pai is proposing new rules that would bar telecommunications and broadband companies from using a government subsidy program to buy telecom equipment and services from "any company that poses a national security threat." (please see link, for full article)

Six intelligence officials, including the heads of the CIA, FBI, and NSA, have told the Senate Intelligence Committee that they would not recommend that U.S. citizens use smartphones from the Chinese companies Huawei and ZTE, reports CNBC. As FBI director Chris Wray told the committee: “We’re deeply concerned about the risks of allowing any company or entity that is beholden to foreign governments that don’t share our values to gain positions of power inside our telecommunications networks. That provides the capacity to exert pressure or control over our telecommunications infrastructure. It provides the capacity to maliciously modify or steal information....

WASHINGTON (Reuters) - U.S. lawmakers are urging AT&T Inc, the No. 2 wireless carrier, to cut commercial ties to Chinese phone maker Huawei Technologies Co Ltd and oppose plans by telecom operator China Mobile Ltd to enter the U.S. market because of national security concerns, two congressional aides said. The warning comes after the administration of U.S. President Donald Trump took a harder line on policies initiated by his predecessor Barack Obama on issues ranging from Beijing's role in restraining North Korea to Chinese efforts to acquire U.S. strategic industries.

US prosecutors have charged Huawei's chief financial officer with fraud, saying she had used at least seven passports in 11 years. - ...she was charged with conspiracy to defraud multiple financial institutions between 2009 and 2014. It is alleged she used Hong Kong company Skycom to access the Iranian market in deals that violated US sanctions. She allegedly assured US banks that Huawei and Skycom were different companies but prosecutors say they were one and the same. - Mr Gibb-Carsley said she had been aware of the US investigation and had avoided entering the country since March 2017, despite the...

Espionage: On Wednesday, news broke that Canadian authorities had arrested Meng Wanzhou, 46, the chief financial officer of mega-Chinese telecom Huawei, the largest in the world, as she was changing planes in Vancouver. As Fox Business reported, authorities picked her up “as part of a U.S. investigation into an alleged scheme by Huawei to use the global banking system to avoid American sanctions against Iran.” Meng, other reports noted, is the chief financial officer for the company, so on the surface at least, it makes sense that she would be targeted by authorities. Subsequent reporting noted that Weng was detained...

Treasonous: The Deep State continues to work against POTUS Donald Trump in every way possible, up to and including bringing the U.S. and China to the brink of a hot war. Earlier this week, POTUS Trump and Chinese President Xi Jinping dined together at the G-20 summit in Buenos Aires, Argentina. The primary subject: Trade. Following the dinner, both sides announced some progress. The U.S. and Chinese governments would suspend tariff regimes for 90 days while trade negotiators from both countries attempted to work out a more permanent compromise. Making trade fairer between the U.S. and China is a central...

When the Trump administration blocked the merger of Qualcomm and Broadcom it singled out the risk that the deal would give Huawei an advantage in developing 5G technology. Bloomberg quoted an analyst in China who sees the arrest as the result of the national security White House staff pushing back against the Wall Street-friendly China doves in the White House, led by Treasury Secretary Steven Mnuchin, who pushed for the trade truce.

Speculation for the swell in volume and plunge in futures included the news of the arrest of the CFO of the Chinese telecom company Huawei. Traders also speculated that the selling could be attributed to a large fund or funds liquidating a position.

China is demanding the release of telecoms giant Huawei's chief financial officer, who has been detained in Canada. Meng Wanzhou, the daughter of the company's founder, could face extradition to the US. She was arrested in Vancouver on 1 December, but the news was not made public at her request. The charges remain unknown but the US has been probing Huawei over possible violation of sanctions against Iran. China says her detention is possibly a rights abuse. Ms Meng has sought a publication ban on the details of the arrest, which has been granted by the courts. Huawei said it...

top executive and daughter of the founder of the Chinese tech giant Huawei was arrested on Saturday in Canada at the request of the United States, in a move likely to escalate tensions between the two countries at a delicate moment. The arrest of Meng Wanzhou, the chief financial officer, unfolded on the same night that President Trump and President Xi Jinping of China dined together in Buenos Aires and agreed to a 90-day trade truce. The two countries are set to begin tense negotiations in hopes of ending a trade war that has been pummeling both economies. Those talks...