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The Latest Breaking News from Meng Wanzhou

Huawei profit sinks in 2022 amid sanctions but sales higher

Huawei on Friday reported a nearly 70% fall in profit last year amid sanctions and pandemic challenges, but saw its enterprise sales rise as the Chinese technology giant sought to pivot into digital industries and reduce its vulnerability to U.S. sanctions

The Independent UK

New allegations and a resignation strain already fraught China-Canada relations

Han Dong’s departure escalates row over allegations that Beijing meddled in Canada’s elections as friction between countries grows

The Guardian - US

Canadians who were detained by China attend Biden speech, receive ovation

Two Canadian men whom China had detained for more than 1,000 days and were at the center of a dispute between Washington and Beijing attended President Joe Biden's speech to parliament in Ottawa on Friday, and received applause and a standing ovation.

Reuters

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Biden, Trudeau to hold talks on migration, Haiti, and more

President Joe Biden and Canadian Prime Minister Justin Trudeau are set to announce an agreement that aims to stem the flow of asylum seekers at unofficial crossings on the countries’ border

The Independent UK

Canada MP resigns from Trudeau government amid China meddling allegations

‘I will defend myself against these absolutely untrue claims’

The Independent UK

China's Huawei looks to ports, factories to rebuild sales

As technicians in a distant control room watch on display screens, an automated crane at one of China’s busiest ports moves cargo containers from a Japanese freighter to self-driving trucks in a scene tech giant Huawei sees as its future after American sanctions crushed its global smartphone brand

The Independent UK

Ex-FTX CEO Sam Bankman-Fried was arrested in the Bahamas. What happens next?

The U.S. is "likely" to make a request for the former FTX CEO's extradition back to the U.S., the Bahamas said on Monday.

Fortune

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After exchange, China calls Canada's manner 'condescending'

A Chinese spokesperson has accused Canada of acting in a “condescending manner” following a testy exchange between President Xi Jinping and Canadian Prime Minister Justin Trudeau that underscores the depths to which the bilateral relationship has fallen

The Independent UK

‘Not appropriate’: Xi caught on camera rebuking Trudeau

The Chinese president took the Canadian prime minister to task for alleged leaks of an earlier closed-door meeting.

Al Jazeera

With no word on visas, Canada's CBC closes China bureau

Canada's public broadcaster CBC says it is closing its China bureau after the Chinese government ignored requests to base a reporter in Beijing

The Independent UK

Wave of nationalistic fervour washes over China amid Pelosi visit to Taiwan

Pundits, military spokespeople and the media sound chorus of fury as some members of the public say military drills don’t go far enough

The Guardian - UK

Canada's delayed ban of Huawei gear exposes lack of Indo-Pacific strategy

Canada's delayed decision to ban Huawei Technologies Co 5G equipment is putting pressure on Ottawa to deliver on a promised Indo-Pacific strategy, and to further diversify supply chains and reduce reliance on China for things like critical minerals, which is emerging as the battleground for clean technology.

Reuters

Canada Bans China’s Huawei Technologies from 5G Networks

Wireless carriers in Canada won’t be allowed to install Huawei equipment in their high-speed 5G networks, the Canadian government said Thursday, joining allies in banning the giant Chinese technology company. Canada had been the only member of the Five Eyes intelligence-pooling alliance not to bar or restrict use of equipment…

Asharq Al-Awsat

Canada bans China's Huawei Technologies from 5G networks

Wireless carriers in Canada have been banned from installing Huawei equipment in their high-speed 5G networks, as the country joined allies in banning the giant Chinese technology company.

WEKU

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Tribune News Service

Canada bans Huawei from 5G, ending years-long impasse

Prime Minister Justin Trudeau’s government joined Canada’s closest intelligence allies in banning Huawei Technologies Co. from fifth-generation wireless networks.

The Guardian - US

Canada to ban Huawei and ZTE from 5G network, risking China tensions

Move brings Ottawa into line with intelligence allies that have excluded Chinese tech firms from cutting-edge phone networks

The Independent UK

Canada bans China’s Huawei Technologies from 5G networks

Canada aays wireless carriers in Canada won’t be allowed to install Huawei equipment in their high-speed 5G networks

Caixin Global

Huawei Appoints CFO Meng Wanzhou as Rotating Chairman

Appointment comes just six months after returning from almost three years of house arrest in Canada as the U.S. sought her extradition on fraud charges

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Benzinga

Huawei's 2021 Annual Report Shows Sales Plunge While Profits Sore, Despite US Crackdown

Chinese giant telecom equipment maker Huawei released its 2021 annual report on Monday revealing that sales fell but profit rose. Chief financial officer Meng Wanzhou, appeared at a press conference in Shenzhen to announce the company’s annual results for the first time since being held in Canada in 2018.

Evening Standard

Huawei’s sales dented by ‘extremely challenging’ sanctions but profits rise

The Chinese telecommunications giant alluded to the “extremely challenging business environment” but a hike in margins and the sale of two businesses helped profits rise

The Guardian - UK

China’s Huawei reports sales fall amid US sanctions but profits hit record

Top boss Meng Wanzhou makes first public appearance since her release from custody in Canada last year

Asharq Al-Awsat

Huawei 2021 Profit Leaps 76% on Asset Sales; CFO Meng Returns to Spotlight

Huawei Technologies on Monday reported asset sale gains helped lift profit 76% in 2021, turning in its first set of results under Chief Financial Officer Meng Wanzhou since she returned to China last year after nearly three years' detention in Canada. In its biggest-ever annual gain, net profit rose to…

The Independent UK

China's Huawei says 2021 sales down, profit up

Chinese telecom equipment maker Huawei says its 2021 sales fell but profit rose 76% despite U.S. sanctions in a year when its chief financial officer was released by Canadian authorities, ending a standoff with Washington over its dealings with Iran

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