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The White House did not immediately respond to CNBC’s query about whether Trump knew.

Meng’s arrest has infuriated Chinese officials, who have demanded her release, even as the Justice Department seeks her extradition to the United States.

The case also has further roiled an already strained trade relationship between the U.S. and China. The countries last week struck a 90-day truce in their trade squabble.

A person familiar with the matter told Reuters that Meng’s arrest is related to violations of U.S. sanctions. Iran is currently the subject of U.S. sanctions. Sen. Ben Sasse, R-Neb., said that Meng’s arrest was “for breaking U.S. sanctions against Iran.”

Read more: Why the U.S. government is so suspicious of Huawei

A court hearing on possible bail for Meng is scheduled for Friday.

Huawei said in a statement to The Globe and Mail newspaper in Canada that Meng faces “unspecified charges” in the Eastern District of New York, and that she was arrested when she was transferring flights.

“The company has been provided with very little information regarding the charges and is not aware of any wrongdoing by Ms. Meng,” the statement said. “The company believes the Canadian and U.S. legal systems will ultimately reach a just conclusion.”

Huawei also said the company “complies with all applicable laws and regulations where it operates, including applicable export control and sanction laws.”

On Thursday, Sen. Mark R. Warner, D-Va., the vice chairman of the Senate Select Committee on Intelligence, and committee member Sen. Marco Rubio, R-Fla., said they have urged Canadian Prime Minister Justin Trudeau “to reconsider Huawei’s inclusion in any aspect of Canada’s 5G development, introduction, and maintenance.”

In a joint press release, the senators said, “The entry of Chinese state-directed telecommunications companies like Huawei into the Canadian market could seriously jeopardize the relationship between U.S. and Canadian carriers, depriving North American operators of the scale needed to rapidly build out 5G networks.”

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3,500 jobs at risk as Honda refuses to deny UK factory closure

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Japanese automaker Honda looks set close its Swindon car plant, risking the loss of 3,500 jobs.

The announcement, first reported by Sky News, suggested Honda would confirm the move on Tuesday.

In an emailed statement to CNBC on Monday, Honda failed to deny it would close the plant.

“At this point, we are not able to make any comments regarding the speculation. We take our responsibilities to our associates very seriously and will always communicate any significant news with them first,” said a spokesperson from Honda U.K.

The U.K. lawmaker responsible for the area in which the factory is based, Justin Tomlinson, took to Twitter to apparently confirm the closure.

The North Swindon Conservative MP added that a task force would be set up to support employees, before adding that no job losses were expected until 2021.

The Swindon factory builds the Honda Civic five-door hatchback and the CR-V crossover for sale in Europe and the U.S.



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No recession but global growth will slow down, Janus Henderson says

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The world economy is headed for a period of “dull, low” growth, according to fund manager Janus Henderson, but the risk of an outright recession remains small.

Market participants are increasingly worried about the prospect of a serious economic downturn this year.

A long-running U.S.-China trade war and uncertainty around the U.K.’s exit from the European Union has soured business and consumer sentiment in recent months.

Most economists, as well as some the world’s business elite, agree that economic growth is slowing but policymakers have expressed some hope for a soft landing rather than a full-blown recession.

“There is definitely a slowdown in the momentum of the global economy. I don’t think the economy is going to be as strong as it was last year,” Jane Shoemake, investment director of global equity income at Janus Henderson Investors, told CNBC’s “Squawk Box Europe” on Monday.

“Our central forecast is not for a recession… It is just for dull, low growth,” she added.

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This year’s Oscars swag bags include cannabis chocolates

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Every year the top Oscar nominees receive swag bags that have included gifts from luxury holidays to sweat-absorbing patches, worth upwards of $100,000.

This year, they can calm their nerves ahead of the awards on Sunday with a range of cannabis-infused products that will be included in the goody bags. Chocolates infused with 10mg tetrahydrocannabinol (THC), the part of the cannabis plant that creates a high, will be sent to nominees including Glenn Close, Regina King, Mahershala Ali and Melissa McCarthy.

The sweet treats are produced by Coda Signature, a company that makes edibles like truffles and chocolate bars and single-serve chocolate squares that include 10mg THC. It also makes a range of bath bombs that “eases tension and relaxes the mind.” For those unused to eating products containing THC, the company advises “start low, go slow” on its website, suggesting people consume 1-5mg to begin with.

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