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  • The U.S. case against the chief financial officer of China's Huawei, who was arrested in Canada last month, centers on the company's suspected ties to two obscure companies.
  • U.S. authorities allege CFO Meng Wanzhou deceived international banks into clearing transactions with Iran by claiming the two companies were independent of Huawei, when in fact Huawei controlled them.
  • Huawei, U.S. authorities assert, retained control of Skycom, using it to sell telecom equipment to Iran and move money out via the international banking system.

OTHER NEWS

The U.S. national security advisor, who has largely ignored the United Nations, is suddenly concerned that Beijing has too much influence there.

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https://www.businesstimes.com.sg/government-economy/trump-says-he-wouldnt-stop-fed-chair-powell-if-he-offered-to-resign https://www.wsj.com/articles/powell-says-fed-prepared-to-provide-stimulus-if-a-slowdown-hits-u-s-economy-11566568965

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