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China has warned of  serious consequences if Canada did not release Huawei CFO immidietly, calling the case “extremely nasty”.

Meng Wanzhou, Huawei’s global chief financial officer, was arrested in Canada and faces extradition to the United States, for her company’s links to a firm that tried to sell equipment to Iran despite sanctions. Meng Wanzhou is the daughter of the founder of Huawei.

Washington, Dec 8 (PTI) India will retain its position as the world's top recipient of remittances this year with its diaspora sending a whopping USD 80 billion back home, the World Bank said in a report Saturday.

India is followed by China (USD 67 billion), Mexico and the Philippines (USD 34 billion each) and Egypt (USD 26 billion), according to the global lender.

With this, India has retained its top spot on remittances, according to the latest edition of the World Bank's Migration and Development Brief.

Tehran, Dec 8 (AFP) Iran's President Hassan Rouhani said US sanctions were "economic terrorism", as he sought to foster a united front from visiting regional officials on Saturday.

"America's unjust and illegal sanctions against the honourable nation of Iran have targeted our nation as a clear instance of terrorism," Rouhani told a conference in Tehran attended by officials from Afghanistan, China, Pakistan, Russia and Turkey.

7 Dec 2018; AFP: Annegret Kramp-Karrenbauer, a close ally of Angela Merkel, won a tight race to succeed her as party leader Friday, seeing off a longtime rival of the German chancellor.

The contest, which required a runoff vote to secure a 52-percent majority for AKK as she is known, is expected to increase the likelihood that Merkel will be able to see out her fourth term until 2021.

7 Dec 2018; AFP: OPEC members and 10 other oil producing nations, including Russia, agreed Friday to cut output by 1.2 million barrels a day in a bid to reverse falls in prices in recent months.

Energy ministers reached the deal -- which takes effect from January 1 but has already sent prices surging on oil markets -- after two days of talks at OPEC headquarters in Vienna.

8 Dec 2018; AFP: China's trade surplus with the United States ballooned to a record $35.6 billion in November, official data showed Saturday, as exports across the Pacific remained strong despite a raft of US tariffs while imports shrank.

Relations between the world's top two economies continue to be tense despite a trade war truce struck between US President Donald Trump and his counterpart President Xi Jinping last week.

WASHINGTON (AP) — U.S. job growth declined modestly in November, a move that could signal a slower but still steady pace of hiring and growth next year.

The potential for a more anemic economy contributed to a sharp drop in the stock market Friday, sending the Dow Jones average down 560 points, or 2.2%, by market close.

KANPUR: In continuation of bringing improvements in the city’s power supply system, KESCo has gird up its loins to change outdated breakers in as many as four power sub-stations now.

Giving this information, CSB Ambedkar, KESCO officer said that the divisional officers were constantly approaching the Headquarters for modifying the years’ long old breakers.

Beijing, Dec 7 (AFP) Chinese state-run media on Friday condemned the arrest in Canada of a top executive of telecoms giant Huawei on a US extradition request as a "despicable rogue's approach" to contain Chinese high-tech ambitions.

The arrest of Meng Wanzhou, Huawei's chief financial officer, has angered the Chinese government and raised concerns that it could disrupt a trade war truce between the world's two biggest economies.

RIYADH, Dec. 7 (Xinhua) -- Saudi Arabia launched two aerial survey satellites from China-based Jiuquan Satellite Launch Center on Friday, Al Arabiya TV reported.

The two satellites, named Saudi SAT 5A and Saudi SAT 5B, were manufactured by King Abdulaziz City for Science and Technology, a Saudi government scientific institution, in October.