Dec 6, 2018

Report: Arrested Huawei CFO backed occasional legal "non-compliance"

Photo: Alvin Chan/SOPA Images/LightRocket via Getty Images

Huawei CFO Meng Wanzhou, who has been arrested in Canada on suspicion of violating U.S. sanctions on Iran, told employees during an internal staff meeting in October that strictly complying with certain types of regulations is not always possible, and that in some cases "one may accept the risk of temporary non-compliance," the South China Morning Post reports.

Why it matters: Wanzhou is currently facing extradition to the U.S., a move that could have quick, dramatic impacts in international politics and global technology sales — especially with the Trump administration engaged in high-stakes trade talks with China for the next 85 days. Few details about her arrest have been revealed by Canadian authorities, but a bail hearing has been set for Friday.

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Facebook spending $100 million to help news outlets in coronavirus crisis

Photo Illustration by Budrul Chukrut/SOPA Images/LightRocket via Getty Images

Facebook says it is spending $100 million to support news outlets around the world that have been impacted by the coronavirus, the company said Monday.

Why it matters: Whatever Facebook's motivation, this is a much-needed cash infusion at a critical time for the local news industry.

The next American struggle: Waiting out the coronavirus

Illustration: Aïda Amer/Axios

There are now a lot of known knowns about the coronavirus: It's here, it's spreading, it's stressing hospitals, it's crippling the economy, it's slowed only by distance and isolation — and it's sure to get much worse before it gets much better. 

Why it matters: Similarly, there is a sameness to the patterns and known unknowns. So now we hit the maddening stage of waiting.

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Coronavirus pushes traditional businesses into the digital age

Illustration: Aïda Amer/Axios

A slew of old-line industries that once hesitated to embrace digital technologies are now being forced to do so for the sake of survival.

Why it matters: Once consumers get used to accessing services digitally — from older restaurants finally embracing online ordering, or newspapers finally going all-digital — these industries may find it hard to go back to traditional operations.