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Amidst a complex geopolitical landscape, the EU is grappling with its relationship with China, particularly in the electric vehicle sector, where an anti-subsidy investigation has been launched against Chinese automakers. The Huawei corruption scandal has further strained ties, leading to increased scrutiny and calls for bans on its devices in EU institutions. Despite these tensions, China remains a significant trading partner for the EU, with a trade surplus that raises concerns about dependency and influence.
Belgian authorities have accused Huawei executives of approving bribes to EU lawmakers in 2021, involving €15,000 to an MEP and €1,500 to co-signers of a letter supporting Huawei. Four individuals have been arrested for corruption, while a fifth faces money laundering charges. The case raises concerns about EU corruption and Huawei's influence, as some member states restrict its equipment in critical infrastructure.
Huawei is set to report 2024 earnings of $118 billion, marking its highest revenue since 2020, driven by increased smartphone and AI server sales. Despite ongoing Western sanctions and efforts to remove its technology from communication networks, the company has successfully tapped into alternative markets, particularly in China. Meanwhile, an EU corruption scandal involving lobbying efforts to ease restrictions on Huawei's access to 5G networks is under investigation.
ING Groep N.V., the leading financial services group in Benelux, has labeled the demands of environmental nonprofit Milieudefensie as "unrealistic." The group's income is primarily derived from retail banking (67.4%), with significant revenues from the Netherlands (32.2%), Germany (19.1%), and Belgium (18%). By the end of 2024, ING managed EUR 691.7 billion in current deposits and EUR 680.2 billion in current credits.
Belgian judicial authorities suggest that executives at Huawei Technologies Co. likely had knowledge of alleged bribes to European Union lawmakers in 2021. A lobbyist for the company is accused of offering €15,000 to a member of the European Parliament for a promotional letter, along with €1,500 to other lawmakers who co-signed it.
ING Groep N.V., the leading financial services group in Benelux, has criticized a Dutch environmental group's climate case claims as "unrealistic" and "unreasonable." The group's income is primarily derived from retail banking (67.4%), with significant revenues from the Netherlands (32.2%), Germany (19.1%), and Belgium (18%). As of the end of 2024, ING managed EUR 691.7 billion in current deposits and EUR 680.2 billion in current credits.
ING Groep announced a semi-annual dividend of $0.65 per share, a significant increase of 291.5% from the previous $0.17. The ex-dividend date is April 25, with payment on May 9, reflecting a yield of 5.1%. Despite a recent stock decline of 1.1%, analysts expect the company to maintain a healthy payout ratio.
UBS has added Euronext NV to its "30 for 30" global equity focus list, citing its potential to benefit from increased European trading volumes and volatility. The investment bank highlights Euronext's strong financial performance, with a 15.1% rise in adjusted EBITDA in 3Q24, and its strategic initiatives aimed at achieving over 5% revenue and EBITDA growth through 2027. Bank Mandiri was removed from the list due to ongoing margin pressures in Indonesia.
UBS has added Euronext NV to its "30 for 30" global stock list, replacing Bank Mandiri, citing Euronext's potential to benefit from a recovery in European trading volumes and its strong financial performance, with a 15.1% increase in adjusted EBITDA in Q3 2024. The investment bank highlights Euronext's attractive valuation and growth initiatives, while noting risks related to market volatility and regulation. Other companies on the list include Microsoft, Alibaba, Meta Platforms, and Goldman Sachs, reflecting a focus on technology disruptors in rapidly transforming sectors.
ING Belgium has announced new appointments to its Executive Committee effective April 1, 2025, as part of its growth strategy. Jan Van Sande, Lucy Shenton, Saskia Bauters, and Cédric Lebegge will take on key roles to enhance the bank's investment and transformation efforts. Stephanie De Bruyne will join as head of Wholesale Banking, succeeding Ellen Aelvoet.
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