Business

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

Published

1 year ago

August 10, 2021

William Howard

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.

Canadian lawyers who are appearing in the interest of US authorities who want Meng Wanzhou transferred to America say the former exec has failed to justify any reasons to stay in Canada.

The US wants Meng Wanzhou to face trial in New York over allegations she defrauded HSBC by lying about Huawei’s dealings in Iran

These actions by the company put the bank at risk of breaching government sanctions that have been imposed on Tehran.

Meng’s lawyers are pushing to have the charges dropped, claiming she suffered an abuse of process and that the entire case has been “politically tainted” by former President Trump.

They also claim Meng’s Canadian Charter rights were breached.

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William Howard

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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Business

BlockFI the latest crypto collapse

Published

11 mins ago

November 29, 2022

Ahron Young

The contagion from the FTX crypto collapse has claimed another major scalp.

Cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy.

BlockFi claimed more than 100,000 creditors with liabilities up to $10 billion.

BlockFi was founded in 2017 and is now hoping bankruptcy protection will allow it to stabilize the company and restructure.

In a statement, the company says:

“With the collapse of FTX, the BlockFi management team and board of directors immediately took action to protect clients and the Company,”

“From inception, BlockFi has worked to positively shape the cryptocurrency industry and advance the sector.”

Days after FTX declared bankruptcy, BlockFi said it had significant exposure to FTX and its other corporate entities.

BlockFi is now the fourth crypto-focused company to seek bankruptcy protection this year, following FTX, Voyager Digital, and Celsius Network.

Business

It’s Musk v Twitter in tech war

Published

15 mins ago

November 29, 2022

Rick D'Andrea

A war has broken out between Elon Musk in his battle against Apple.

In a tweet, owner Musk says Apple may ban Twitter from the App store, which would be devastating for his company, and wonders if it has to do with free speech. He even tagged Apple boss Tim Cook.

Musk says: “Apple has threatened to withhold Twitter from its App Store, but won’t tell us why.”

This all comes in the wake of other organisations allegedly following Apple’s suit and cutting back their advertising spending since the $44 billion Musk takeover.

General Mills and Pfizer have been two companies that have gone down this path and diverted their spending elsewhere.

Right now users can still see ads in their Twitter feeds.