Huawei Technologies Co. is aspiring to become the top supplier of 5G technology in Canada. Everything seems going their way until an extradition case was ruled to proceed to the next stage by a BC Supreme Court judge. The case was against Meng Wanzhou, one of Huawei’s executives and the founder’s daughter.
After this, Huawei’s ambitions are put in jeopardy. Jonathan Berkshire Miller, an international security issues expert, said in an interview on Thursday that Canada tried to keep Huawei’s role in 5G technology separate from the legal setback the company suffered. But China’s recent moves, including blocking Canadian exports of canola and the arrests of a Canadian ex-diplomat and a Canadian entrepreneur is pushing Canada to think otherwise.
Although US officials deemed Huawei’s involvement in the 5G network technology is a threat to national security, Huawei continued to be a long-time supplier of necessary equipment for the federal government in Ottawa. Miller said that after this rift between China and Canada, there would be a significant pressure against Huawei from different national security communities and other allies of Canada.
People often equate financial position to the amount of money a person makes or their credit history, but being financially literate, you can see that it’s more than just that. Your financial position paints a bigger picture starring you, your money, and the relationship you share. With a little bit of time, you can be money smart and improve your financial position.
You need to understand where you are financial. This can be a starter since your next financial decisions will ride on how much you need to improve. Once you know where you are, you can start going where you want to go. Stay on top of your finances, pay your bills on time, and work on a budget chart. Know where your money goes and weigh your spending amount against your earnings.
It is also essential to learn where your money is coming from so you can accurately plan on where it is going. Doing so, you can be free to make financial choices that allow you to enjoy life and be financially stable at the same time.
Aimia Inc. is persistent in depending on the Quebec Superior Court against Air Canada who seeks to halt a merger that Aimia sees as their ticket for reinvention. Air Canada filed for an injunction against Aimia’s proposed merger with a tech company Waterloo, Ont. to form Kognitiv Corp. The merger announced on April 29, will leave Aimia with a 49 percent stake.
It can be remembered that Aimia sold Aeroplan, one of their rewards program, to Air Canada last year. Aimia alleges that the court filings by Air Canada is without merit and shows abuse of process as it will result in breaches of non-competition and confidentiality matters that Aimia agreed upon when it announced the Aeroplan sale in November 2018 for $516 million.
The merger forming Kognitiv was slated to close on the week of June 8. If successful, it can pave Aimia’s ambition to reshape its brand from a rewards points company to an investment manager. After almost two years of overhauled board and unrest among its shareholders and executives, Aimia sees this merger as their silver-lining.