Canada to begin extradition proceedings for Huawei CFO

Canada is set to begin proceedings that will allow Huawei CFO Meng Wanzhou to be extradited to the U.S., per an announcement from the Canadian Department of Justice on Friday.

Details: There will be a court hearing on March 6 that will then schedule the date for her extradition hearing. Meng was arrested in December on fraud charges alleging that her actions caused several financial institutions to violate sanctions on Iran. U.S. authorities have been investigating Huawei, the Chinese telecom giant, for alleged tech and trade secret theft from American companies.