Huawei Arrest, Facebook Emails, Carbon Emissions: CEO Daily for December 6, 2018 [Fortune]
Meta Platforms, Inc. - Class A (FB)
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Source: Fortune
By David Meyer 4:58 AM EST Good morning. David Meyer here, filling in for Alan. I certainly didn’t enter this week thinking I’d be writing every day about the U.S.-China trade war, but the issue just won’t stop turning the markets upside-down. Asian indices plummeted today—Nikkei 225 down 1.9%, Hang Seng down 2.5%, Shanghai Composite down 1.7%—and Europe’s Stoxx 600 is down 1.9% at the time of writing. The main catalyst for the continuation of this week’s selloff was the arrest in Canada of Sabrina Meng Wanzhou , the chief financial officer of Huawei and the daughter of company founder Ren Zhengfei. Meng faces extradition to the U.S., where investigators are probing Huawei’s alleged non-compliance with sanctions on Iran. Is the timing of the arrest deliberate? That’s an open question at this point—but either way, it could not be more tumultuous
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