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Dec 06, 2018 06:43 PM IST | Economy

Huawei CFO Meng Wanzhou arrested in Canada, says Canada's Justice Deptartment

The arrest is related to violations of US sanctions, a person familiar with the matter said. Reuters was unable to determine the precise nature of the violations.
Huawei confirmed the arrest in a statement and said that it has been provided little information of the charges against Meng, adding that it was "not aware of any wrongdoing by Ms. Meng."
US stock futures tumbled, followed by Asian markets, as news of the arrest heightened the sense a major collision was brewing between the world's two largest economic powers, not just over tariffs but also over technological hegemony.
Published Date: Dec 6th, 2018 07:00 AM | Updated Date: Dec 06, 2018 06:43 PM IST

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