The top story in global business news this morning is … odd? Canada has arrested Huawei’s global chief financial officer in Vancouver and extradited her to the United States, where she faces charges she violated US trade sanctions against Iran. (Globe & Mail | WSJ | FT | Reuters | Bloomberg)

Asian shares are down this morning across the board and US futures suggest a lower open for Wall Street later today. Reuters says traders are reacting negatively to the Huawei CFO’s arrest, suggesting it is “fanning fears of further tensions between China and the United States.” Global stocks slid in trading yesterday as “optimism around a trade detente between the U.S. and China faded and concerns around growth in the U.S. resurfaced,” the WSJ notes.

OPEC meets today in Vienna. Oil is down slightly this morning after closing lower yesterday in “cautious trading.”

Thaw in the Qatar Smackdown? “Qatar’s emir has received an invitation to attend the Gulf Co-operation Council meeting in Saudi Arabia on Sunday, raising the prospect of a thaw in a damaging spat that has divided the Gulf nations,” the FT’s Simeon Kerr writes from Dubai.

MUST-READ for fintech types: The FT’s Jemima Kelly has an excellent piece out this morning arguing that the light touch regulators from Kuwait, Bahrain and Abu Dhabi to Arizona have taken by establishing fintech “sandboxes” is not necessarily the right move — for the nascent industry, for banking or for consumers and investors. The Alphaville piece requires only registration, not a subscription, to read.

The world’s first “baby transplant?” In the first successful case of its kind, a woman in Brazil who had received a womb transplant from a deceased donor gave birth to a baby girl, Reuters reports. Read again last week’s story about genetically edited babies in China and grimace (at least) at what the future could hold.