Dec 7, 2018

Canada reveals allegations against Huawei executive

Photo by VCG/VCG via Getty Images

Canadian prosecutors on Friday laid out a series of fraud charges that led to the recent arrest of Huawei chief financial officer Wanzhou Meng, possibly setting the stage for her extradition to the United States.

Why it matters: Meng's arrest and possible extradition has become a flash point in trade tensions between the U.S. and Canada, as Huawei is one of China's most highly-valued technology companies.

CNBC's Deirdre Bosa is in the Vancouver courtroom, and tweeted out some of the allegations:

The result, according to Canadian prosecutors, is that Meng's alleged deceit caused several financial institutions to violate Iranian sanctions, thus opening themselves up to possible fines.

  • They also said that each charge could subject her to up to 30 years in prison, and that she's intentionally been avoiding visits to the U.S. since first learning of the investigation into Skycom in March 2017 (despite having a son attend an American college).
  • Meng's attorneys strongly disputed the allegations.

China had previously demanded her return, calling the arrest a violation of human rights, and there have been accusations that the U.S. is using Meng as a pawn in trade negotiations.

The court has not yet ruled on whether or not Meng will receive bail, a denial of which would likely set up an extradition proceeding. We'll update this story when more information becomes available.

Go deeper: After Huawei arrest, experts say China could retaliate

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America's future looks a lot like Nevada

Illustration: Sarah Grillo/Axios

Today's Nevada caucus will foreshadow the future of American politics well beyond 2020.

Why it matters: The U.S. is in the midst of a demographic transformation, and the country's future looks a lot like Nevada's present. Today's results, in addition to shaping the 2020 race, will help tell us where politics is headed in a rapidly changing country.

Coronavirus spreads to more countries, and U.S. ups its case count

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

The novel coronavirus continues to spread to more nations, and the U.S. reports a doubling of its confirmed cases to 34 — while noting those are mostly due to repatriated citizens, emphasizing there's no "community spread" yet in the U.S. Meanwhile, Italy reported its first virus-related death on Friday.

The big picture: COVID-19 has now killed at least 2,359 people and infected more than 77,000 others, mostly in mainland China. New countries to announce infections recently include Israel, Lebanon and Iran.

Go deeperArrowUpdated 15 hours ago - Health