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Belgian authorities have launched a corruption investigation into Huawei, raiding 21 locations linked to the company's lobbyists in Belgium and Portugal. The investigation centers on allegations of bribery involving at least 15 members of the European Parliament, with claims of payments facilitated by a Portuguese company, including gifts and trips in exchange for political support. Huawei has consistently denied these allegations, asserting its independence from any government influence.
An investigation dubbed Huawei-gate is underway regarding allegations of bribery involving members of the European Parliament and staff by the Chinese telecom giant Huawei. Around a hundred agents conducted searches across Belgium and Portugal, focusing on the Brussels Capital Region, seizing documents and questioning individuals, including lobbyists linked to the company.The inquiry, which has revealed regular and discreet corruption since 2021, centers on Valerio Ottati, Huawei's public relations director for EU relations. Allegations include MPs receiving gifts and benefits to secure favorable political positions, with potential future searches of EU parliamentarians pending the lifting of their parliamentary immunity.
Belgian police have searched Huawei's Brussels headquarters amid a corruption investigation involving alleged bribery of European Parliament members to influence EU decision-making. The probe has led to multiple arrests and the sealing of offices linked to two assistants involved in the case. Valerio Ottati, Huawei's Director of EU Public Affairs, is identified as a key suspect, with concerns raised about his qualifications for the role.
Belgian federal prosecutors have arrested multiple individuals in a corruption investigation involving Huawei and the European Parliament, suspecting the telecom giant of bribing lawmakers to further its interests. The probe, which has led to extensive searches across Europe, reveals alleged corruption through disguised payments and lavish gifts. Huawei denies the allegations, emphasizing its commitment to compliance, while the investigation raises concerns about trust in the EU's legislative body amid ongoing scrutiny of the company’s security risks.
A new lobbying scandal in the European Parliament has emerged, with police raids linked to allegations of bribery involving Huawei. Investigators are focusing on 15 current and former MEPs, with several arrests made and offices sealed. Huawei has stated it takes the allegations seriously and is committed to cooperating with the investigation.
Belgian police are investigating Huawei for potential bribery of EU lawmakers amid concerns over its ties to the Chinese government, which have led to restrictions on its 5G contracts in Europe. The company spends over €2 million annually on lobbying and has funded scholarships for students at the College of Europe, though its membership in various policy organizations has faced scrutiny. Huawei's influence in Brussels highlights the EU's growing concerns about strategic vulnerabilities related to Chinese interests.
Belgian authorities have arrested several individuals in a corruption investigation involving the European Parliament and Chinese tech giant Huawei. The suspects are accused of engaging in "active corruption" to benefit Huawei through bribery disguised as commercial lobbying, including excessive gifts and payments linked to political positions. The investigation, which has raised concerns about potential money laundering, follows a previous bribery scandal involving EU lawmakers and officials from Qatar and Morocco.
Callan Family Office LLC recently acquired 62,564 shares of ING Groep, valued at approximately $980,000, as institutional investors show increasing interest in the stock. Despite a Moderate Buy rating, top analysts recommend five other stocks over ING Groep, which has seen a downgrade from Morgan Stanley. The company reported a quarterly EPS of $0.39, missing estimates, and recently cut its dividend to $0.1667, yielding 6.4%.
The CAC 40 index in Paris is experiencing fluctuations amid renewed optimism for Europe and concerns over a potential trade war with the U.S. Recent positive developments include a significant German spending plan and anticipated support from Brussels, which have energized investors.As the European summit approaches, the European Central Bank is expected to cut rates while hinting at a pause in monetary easing. Technically, the CAC 40 could face a retracement, with key levels at 8250 points for bullish sentiment and 7800 points as a potential support for buying opportunities.
Deutsche Bank has upgraded Anheuser-Busch InBev's stock rating from Hold to Buy, raising the price target to €75.00 from €55.00, citing the company's strong performance and resilience against external challenges. The analysts project a forward P/E ratio of 18.5x and a free cash flow yield of 5.9%, highlighting the brewery's growth in emerging markets and digital leadership. They anticipate the company will return approximately $30 billion to shareholders from 2026 to 2028, representing about 25% of its market capitalization.
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