Huawei CFO Freed On $10M Bail, Must Remain in Canada
Dec 12, 2018, 8:14 AM by Eric M. Zeman
Canada has released Meng Wanzhou, Huawei's CFO, after her lawyers convinced a judge to grant bail. Meng was arrested in Vancouver on December 1 at the behest of the U.S. Department of Justice. The U.S. alleges Meng has defrauded multinational banks concerning equipment sales to Iran, in violation of U.S. sanctions. Meng had to pay $10 million, turn in her passport, and agree to wear an ankle monitor in order to secure bail. She is also confined to her home during the overnight hours. While on bail, a Canadian judge will review the U.S. case against Meng to determine if it is strong enough to warrant extradition. If the case passes this examination, Canada's minister of justice would then have to agree with the extradition request before she could be handed to U.S. authorities. Meng is facing penalties of up to 30 years per charge. The arrest has further strained the tenuous relationship between China and the U.S. Later, President Trump said he might intervene in the case in order to ensure national security interests are upheld or to facilitate a trade agreement with China.
Nov 12, 2020
TikTok will remain available and in business in the US for now, as the Commerce Department finally announced today that it will not enforce the order — that was set to go into effect today — which would have effectively shut down the app in the US. The new deadline from the Commerce Department is November 27th.
Jan 6, 2021
Verizon has once again delayed the planned shutdown of its legacy CDMA network. The company originally planned to shut down the network at the end of 2019, then in mid-2019 postponed it to the end of 2020.
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Chinese telecom giant Huawei announced plans to be more aggressive about collecting royalties for its patents related to 5G technology, including collecting up to $2.50 per 5G smartphone sold. Huawei has over 3,000 patents related to 5G, about 18% of which are essential to the 5G standard, according to intellectual property research organization GreyB.
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Jun 9, 2021
President Biden today revoked executive orders from the previous administration targeting Chinese-owned TikTok and WeChat. The old executive orders would have effectively banned the apps in the US as long as they remained under control by Chinese companies.