Huawei chief financial officer, Wanzhou Meng, has been arrested by Canadian authorities at the request of the U.S. Justice Department, the company confirmed to The Information. Authorities are seeking Ms. Meng’s extradition to the U.S. for the phone giant’s alleged violations of U.S. trade sanctions against Iran. The arrest could have massive consequences. Ms. Meng not only is one of the most...
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The Briefing Crypto Markets
Ugly Quarter for Crypto and Tech Stocks Ends; No Joy for Ron Johnson
Tonight we’re closing the books on the second quarter of 2022, a period no one is likely to mourn. The stock market’s slide turned into a collapse. Bitcoin prices tumbled off a cliff. Layoffs took off. SPAC mergers fell apart. And even the lively business news event that started the quarter, Elon Musk’s investment in and subsequent bid for Twitter, turned into a quagmire of uncertainty.As if to...
Meta Executive Warns of ‘Fierce’ Headwinds
BlockFi CEO Denies Reports of $25 Million Acquisition by FTX
SoftBank-Backed Grocery App Weee! Lays Off 10% of Staff
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