Jan 30, 2019

U.S. formally requests extradition of Huawei CFO from Canada

Acting attorney general Matt Whitaker at a press conference announcing new criminal charges against Huawei. Photo: Chip Somodevilla/Getty Images

The U.S. has formally asked Canada to extradite Huawei CFO Meng Wanzhou on charges of financial fraud and violating U.S. sanctions on Iran, the Globe and Mail reports.

Why it matters: The extradition request comes one day after the Department of Justice unveiled a set of indictments against Meng and other individuals associated with Huawei. Meng is accused of attempting to circumvent sanctions in 2007 by lying about its ownership of the Iranian business Skycom and about selling its interest in the company. Canadian Federal Justice Minister David Lametti has until March 1 to decide whether to comply with the request, according to the Globe and Mail.

Go deeper: The Huawei charges are tangled up with U.S.-China trade talks

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MLB's Rob Manfred is latest villain in Astros' cheating scandal

Illustration: Aïda Amer/Axios

MLB Commissioner Rob Manfred's decision to grant Astros players immunity in exchange for confessions about their sign-stealing scheme has undermined his reputation — and he only made himself look worse on Sunday.

The interview: In a 45-minute conversation with ESPN, Manfred asserted that public shame was punishment enough for the Astros. He also called the World Series trophy "just a piece of metal" and said that taking a title away from Houston "seems like a futile act."

Go deeperArrow53 mins ago - Sports

Economists warn coronavirus risk far worse than realized

Photo: Anthony Wallace/AFP via Getty Images

Worries are growing that the economic impact from the novel coronavirus outbreak will be worse than expected and that markets are being too complacent in factoring it in as a risk.

What's happening: The number of confirmed cases has already far outpaced expectations and even those reports are being viewed through a lens of suspicion that the Chinese government is underreporting the figures.

National newspapers thrive while local outlets struggle to survive

Illustration: Sarah Grillo/Axios

While big national newspapers grow stronger, local newspaper chains that have for decades kept the vast majority of the country informed are combusting.

Why it matters: The inequity between giants like the New York Times and the Wall Street Journal and their local counterparts represents a growing problem in America as local communities no longer have the power to set the agenda for the news that most affects them.