Money

Canadian jailed on spying charges linked to Chinese tech giant

Published

4 years ago

August 11, 2021

Costa Haritos

Canadian man, Michael Spavor has been jailed by a Chinese court on spying charges in case linked to Huawei

FILE – In this file image made from a March 2, 2017, video, Michael Spavor, director of Paektu Cultural Exchange, talks during a Skype interview in Yanji, China. The Canadian entrepreneur who was charged with spying after his government arrested an executive of Chinese tech giant Huawei faces a possible verdict Wednesday, Aug. 11, 2021 as Beijing steps up pressure on Canada ahead of a court ruling on whether to hand over the executive to face U.S. criminal charges. (AP Photo/File)

The court found the Canadian businessman guilty on spying charges. He will spend 11 years behind bars.

He was detained in 2018 in an apparent retaliation for Canada’s arrest of a Huawei executive on a US extradition warrant.

Canadian diplomats were barred from entering the trial earlier this year.

Canada’s Ambassador to China was at the Dan-dong Detention Centre as the verdict was handed down.

Canada has said the detentions are linked to Meng’s case, which China has denied.

The verdict comes with Meng’s case due to conclude on August 20.

Yesterday, former US President Donald Trump allegedly asked for a “ransom” for the release of former Huawei executive, Meng Wanzhou

It comes as Meng Wanzhou’s head lawyer summarised the alleged abuses encountered by the executive throughout an extradition case that started almost 3 years ago.

The lawyer says the whole case was “anti-ethical to Canadian values” and rule of law… and Trump’s abuse of power throughout the entire matter was so bad, the case should be scrapped altogether.

Trump’s ransom: new details of ex Huawei exec’s freedom bid

Related Topics:Business canada china huawei Tech trending

Up Next

“Never been stronger” to invest in Aussie startups

Don't Miss

US Senate officially passes $1 trillion infrastructure bill

Costa Haritos

Costa is a news producer at ticker NEWS. He has previously worked as a regional journalist at the Southern Highlands Express newspaper. He also has several years' experience in the fire and emergency services sector, where he has worked with researchers, policymakers and local communities. He has also worked at the Seven Network during their Olympic Games coverage and in the ABC Melbourne newsroom. He also holds a Bachelor of Arts (Professional), with expertise in journalism, politics and international relations. His other interests include colonial legacies in the Pacific, counter-terrorism, aviation and travel.

Click to comment

Money

S&P 500 dips as tech stocks struggle with AMD leading losses

S&P 500 declines as tech stocks sell off; AMD plummets, Microsoft stable, investors eye Alphabet’s upcoming earnings report.

Published

14 hours ago

February 5, 2026

Harvey Vargas

S&P 500 declines as tech stocks sell off; AMD plummets, Microsoft stable, investors eye Alphabet’s upcoming earnings report.

The S&P 500 fell as technology stocks faced intense selling pressure, dragging the broader market lower. AMD shares were particularly hard hit, falling 17% after its first-quarter forecast disappointed analysts.

Software names including Oracle and CrowdStrike also struggled, although Microsoft found some stability amid the sell-off.

Investors are now focused on Alphabet, which is set to report earnings after the bell Wednesday.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

Money

AI rattles finance stocks as markets react to disruption fears

AI sparks uncertainty in financial markets, causing sell-offs; leaders see potential, but investor nerves grow amid volatility.

Published

15 hours ago

February 5, 2026

Harvey Vargas

AI sparks uncertainty in financial markets, causing sell-offs; leaders see potential, but investor nerves grow amid volatility.

Artificial intelligence is being seen as a growing threat to the financial services sector, with markets reacting fast. Several financial firms suffered sharp share price drops after Anthropic unveiled new AI tools, sparking fears of widespread disruption across data, analytics and market infrastructure.

The selloff quickly spread beyond financial services, hitting software and outsourcing companies as investors questioned the future of jobs and professional roles in an AI-driven economy. The volatility reflects deep uncertainty over how quickly AI could reshape entire industries.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

Money

AI funding surge: How Nvidia and Oracle are reshaping capital markets

AI infrastructure revolutionizes capital raising, with Nvidia, OpenAI, and Oracle leading; explore funding shifts and future impacts.

Published

1 day ago

February 4, 2026

Harvey Vargas

AI infrastructure revolutionizes capital raising, with Nvidia, OpenAI, and Oracle leading; explore funding shifts and future impacts.

The AI infrastructure boom is transforming how companies raise capital, with Nvidia and OpenAI leading the charge. Explore the shifts in funding frameworks and what they mean for the future of AI investment.

Oracle is aiming to raise $45 to $50 billion, signalling confidence in the growing AI market. We break down how e

Equity issuance, bond deals, and circular financing are influencing long-term infrastructure development.

Despite rapid growth in AI usage, monetisation challenges remain beyond 2027.

Brad Gastwirth from Circular Technologies explains why financing won’t be a bottleneck and what traditional structures mean for the evolving AI landscape.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#AIInvestment #Nvidia #Oracle #OpenAI #TechFinance #AIInfrastructure #CapitalMarkets #FutureOfAI