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Canadian prosecutor told a packed court in Vancouver on Friday that Meng Wanzhou, chief financial officer of Chinese telecommunications giant Huawei, defrauded US banks in 2013, and should not be granted bail because of extreme flight risk. Meng Wanzhou to remain in custody in Vancouver pending bail decision on Monday.

Faced with fresh threats of tariffs from Washington, China is considering declining the Trump administration’s offer of trade talks later this month, according to officials with knowledge of the discussions.