Meng

Huawei posted a massive drop in 2022 profits on Friday, as the company battered by US sanctions appointed its CEO's daughter to be its rotating chair.A leading supplier of telecom gear, smartphones and other advanced equipment, a US-led pressure campaign in recent years has taken a major chunk out of Huawei's businesses.And after posting record profits for 2021, the firm Friday reported 35.6 billion yuan ($5.2 billion) in net profits in 2022 -- a fall of 68.7 percent year-on-year. "In 2022, a challenging external…

HONG KONG—Eighteen months ago, she was a high-profile symbol of a bigger tech battle between China and the U.S. Now, she is set to take the helm of a Chinese telecommunications company at the leading edge of the country’s push to break free from dependence on America for key technologies. Meng Wanzhou, chief financial officer at Huawei Technologies Co., is set to begin a six-month rotation as company chairwoman after presenting annual results on Friday in Shenzhen, China. Her rising stature…

More than four years after her arrest, the drawn-out legal saga of Huawei Chief Financial Officer Meng Wanzhou came to a formal end this week. On Friday, US District Judge Ann Donnelly dismissed an indictment against Meng, according to Reuters. On behalf of the US, Canadian authorities arrested Meng in 2018 for allegedly violating American sanctions against Iran. Meng, who is also the daughter of Huawei founder and CEO Ren Zhengfei, spent the next three years fighting attempts to extradite her to the US, where she faced…

A Canadian judge will rule Wednesday on a key aspect of Huawei Technologies Chief Financial Officer Meng Wanzhou's extradition to the United States, with a favourable judgment seen as paving the way for the release of the Chinese executive after 18 months of house arrest. British Columbia's Superior Court Associate Chief Justice Heather Holmes will rule on the double criminality issue of the extradition case, deciding whether Meng's alleged actions were a crime in Canada as well as the United States at the time of her…

Huawei Technologies Chief Financial Officer Meng Wanzhou and her lawyers are set to attend hearings in a Canadian courtroom via telephone on Monday, arguing for the Canadian attorney general to release more confidential documents relating to her arrest.Meng, 48, was arrested in December 2018 at Vancouver International Airport on a US warrant charging her with bank fraud for allegedly misleading HSBC about Huawei's business dealings in Iran.She has said she is innocent, and is fighting extradition to the United States…

A Canadian judge has refused Huawei executive Meng Wanzhou's request to access a number of confidential documents, dealing a fresh blow in her fight against extradition to the United States. Meng, the Chinese telecom giant's chief financial officer, was arrested on a US warrant in December 2018 during a stopover in Vancouver.She is charged with bank fraud related to violations of US sanctions against Iran, and has been fighting extradition ever since.Late Thursday, the Canadian justice department announced that British…

In light of the brutal tug-of-war over resources that is natural selection, it's been taken for granted that the giraffe's iconic neck evolved to reach leaves other plant-eaters can't possibly access.  What seemed obvious to Charles Darwin has since attracted a great deal of scrutiny, with some biologists proposing those extended vertebrae aren't for browsing, but rather male weapons of war in the battle for love.Not all researchers are convinced, leaving plenty of room for debate over the benefit of the giraffe's…

Huawei Chief Financial Officer Meng Wanzhou flew home to China on Friday after reaching an agreement with US prosecutors to end the bank fraud case against her, relieving a point of tension between China and the United States.Within hours of the news of the deal, two Canadians who were arrested shortly after Meng was taken into custody in December 2018 were released from Chinese jails and were on their way back to Canada. Beijing had denied that their arrests were linked.The years-long extradition drama has been a central…

Chinese telecoms giant Huawei on Monday reported record profit for 2021, defying the US sanctions aimed at it as executive Meng Wanzhou made her first public appearance since returning to China from Canadian custody.The company has been caught in the crosshairs of a US-China trade and technology rivalry, with the administration of former President Donald Trump moving to cripple it over cybersecurity and espionage concerns.The results, announced in Chinese tech hub Shenzhen, also marked the first return to the limelight of…