News
Huawei CFO returns to work after extradition drama
Meng Wanzhou, CFO of Chinese tech giant Huawei, returned to work at their headquarters in Shenzhen after almost three years fighting extradition to the U.S. in Canada
The CFO was detained in Vancouver in 2018 after a New York court issued an arrest warrant, alleging she tried to cover up attempts by Huawei-backed companies to sell equipment to Iran – in breach of U.S. sanctions.
The years-long extradition drama has been a source of tension between China and the U.S, with Chinese officials signaling the case needed to be dropped to end a diplomatic stalemate.
“Over the last three years, although we have struggled, we have overcome obstacles and our team has fought with more and more courage,” Meng told employees at her welcome celebrations in Shenzhen.
Meng’s return also saw the release of two Canadian men who were arrested in 2018 shortly after her detainment
Meng was allowed to return to China after reaching a deferred agreement with New York prosecutors, which saw her accept “responsibility for her principal role in perpetrating a scheme to defraud a global financial institution.”
The U.S. Justice Department said the agreement pertains only to Meng, and that a case is being prepared against Huawei which will soon proceed to trial.
The two Canadians, businessman Michael Spavor and former diplomat Michael Kovrig, had been held in China for more than 1,000 days, after being accused of espionage.
Canada accused China of employing ‘hostage diplomacy’, by arresting the Canadian citizens as retaliation to Meng’s detainment.
What’s happening in the Middle East?
- Trump says U.S. strikes could last four to five weeks and described the operation as the last best chance to act, while Secretary of State Marco Rubio warns the hardest hits are yet to come
- Six U.S. service members have been killed, additional American forces are being deployed to the region, and the White House says nine Iranian naval ships have been destroyed
- Iran says it sees no limit to its right to self defence and will not negotiate, as missile and drone attacks continue across Israel, Lebanon and Gulf states
- More than 500 Iranians have been killed in U.S. and Israeli strikes, with further deaths reported in Lebanon, Israel and the UAE
- Shipping, aviation and energy markets have been severely disrupted, more than 11,000 flights have been cancelled, Gulf stock markets have closed temporarily, and oil and gas prices have surged amid Strait of Hormuz fears
News
Oil prices surge amid rising Middle East conflict risks
Crude oil surges 7% amid fears of Middle East conflict; Strait of Hormuz disruptions may push Brent over $100.
Crude oil surges 7% amid fears of Middle East conflict; Strait of Hormuz disruptions may push Brent over $100.
Crude oil prices spiked dramatically as investors react to the growing risk of a wider conflict in the Middle East. U.S. crude surged 7.2 percent, trading near $71.84 a barrel, signalling heightened concern across energy markets.
The Strait of Hormuz, a critical shipping chokepoint, has come under intense scrutiny. Rising war-risk insurance premiums and suspended tanker traffic are already slowing the movement of oil, creating ripple effects in global supply chains.
JPMorgan has warned that prolonged disruptions over three weeks could force Gulf producers to reduce output, potentially pushing Brent crude prices to between $100 and $120 a barrel. Markets are closely watching for developments that could reshape global energy pricing.
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News
Trump warns of last opportunity to hit Iran as conflict escalates
Trump declares final chance to strike Iran, aiming to dismantle missile systems and prevent nuclear weapons amid U.S. troop losses.
Trump declares final chance to strike Iran, aiming to dismantle missile systems and prevent nuclear weapons amid U.S. troop losses.
President Trump has declared this is the final opportunity to strike Iran as conflict intensifies across the Middle East, outlining four key military objectives including dismantling Iran’s missile capabilities and targeting its navy.
The U.S. says its mission is to prevent Iran from acquiring a nuclear weapon and to halt its alleged support for terrorist groups abroad, signalling a potentially prolonged campaign in the region.
Four U.S. troops have already been killed, with officials warning further casualties are possible as operations continue.
#Trump #Iran #MiddleEast
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