VANCOUVER/BEIJING (Reuters) – The daughter of Huawei’s founder, a top executive at the Chinese technology giant, was arrested in Canada and faces extradition to the United States, roiling global stock markets as it threatened to inflame Sino-US trade tensions afresh. Shares in Asian suppliers to Huawei, which also counts Qualcomm Inc and Intel among its major suppliers, tumbled on Thursday. Huawei, which generated $93 billion in revenue last year, confirmed the arrest in a statement. Huawei has said it complies with all applicable export control and sanctions laws and US and other regulations. Several other past and present Skycom directors appear to have connections to Huawei.

Source: Egypt Independent December 06, 2018 13:07 UTC