Business News at a Glance

A Top Huawei Executive Is Arrested in Canada for Extradition to the U.S.

A top executive and daughter of the founder of Chinese tech giant Huawei was arrested Saturday in Canada at the request of the United States. The arrest of Meng Wanzhou, the company’s chief financial officer, unfolded on the same night President Donald Trump and President Xi Jinping of China agreed to a 90-day trade truce. Wanzhou was taken into custody in Vancouver, said Ian McLeod, a spokesman for Canada’s Justice Department. He said she was “sought for extradition by the United States.” Sen. Ben Sasse, R-Neb., linked the arrest to U.S. sanctions against Iran.

Trump Cites ‘Strong Signals’ From Xi as Trade Fears Return

President Donald Trump tried to calm global markets and ease concerns Wednesday that his trade truce with China was floundering, declaring in a series of Twitter posts that the Chinese government was sending “very strong signals” about a weekend agreement he reached with President Xi Jinping. Trump and his advisers have been saying China had agreed to buy $1.2 trillion worth of U.S. products and address its long-standing practice of requiring companies doing business there to hand over technology and trade secrets. But global markets were rattled Tuesday by relative silence from the Chinese about the agreement.

Facebook Used People’s Data to Favor Certain Partners and Punish Rivals, Documents Show

Facebook used the data it collected on users to favor certain partners and punish rivals, giving companies such as Airbnb and Netflix special access to its platform while cutting off others that it perceived as threats. The tactics came to light Wednesday from internal Facebook emails and other company documents released by a British parliamentary committee that is investigating online misinformation. Mark Zuckerberg, Facebook’s chief executive, and Sheryl Sandberg, the chief operating officer, were intimately involved in decisions aimed at benefiting the social network above all else and keeping users as engaged as possible on the site, according to emails.

Uber’s Self-Driving Cars Are Set to Return in a Downsized Test

Eight months after one of Uber’s self-driving cars struck and killed a pedestrian, the ride-hailing company is close to putting its autonomous vehicles back on the road. Uber was driving its autonomous vehicles on public roads in four cities — sometimes at night — at speeds as high as 55 mph when testing was halted after the accident. Starting within a few weeks, it plans to run the vehicles on a mile loop between two company offices in Pittsburgh. They won’t operate at night or in wet weather, and they won’t exceed 25 mph, Uber said Wednesday.

Ex-Hong Kong Official Convicted in Bribe Case Involving Chinese Oil Company

A representative of a mysterious Chinese oil company was convicted Wednesday on charges that he tried to bribe government leaders in Africa. The federal trial of Patrick Ho put a spotlight on the methods that the firm, CEFC China, used to expand its reach from Asia to Africa, Europe and the United States. Ho, a former government official in Hong Kong who ran a research organization funded by CEFC, was convicted just a little over a year after federal agents arrested him. A jury deliberated for less than a day after a seven-day trial.

As OPEC Meets, Sizing Up Its Power and Its Politics

On Thursday, over 200 oil industry representatives, financial analysts and journalists are expected to crowd into the headquarters of the Organization of the Petroleum Exporting Countries. It is a tricky time for OPEC at its twice-yearly gathering. Oil prices have been volatile in recent months. Any steps OPEC takes to curb production or raise prices may anger President Donald Trump, who has tried to influence the oil markets in more obvious ways than any of his predecessors. Trump was ready with a tweet that landed midafternoon Wednesday in Vienna, putting the crowd on notice that he was watching.