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The arrest of Huawei CFO in Canada for violating US sanctions on Iran has stunned markets and raised questions on who gave this the green light

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Boeing Co. said Thursday it was canceling a controversial satellite order that was financed by a Chinese government-owned firm, citing “default for nonpayment.” Boeing’s decision follows a Wall Street Journal investigation this week that highlighted China’s opaque role in funneling around $200 million to the project, called Global IP.

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