{
}
Four individuals have been arrested in a corruption investigation linked to Huawei's lobbying efforts in the European Parliament, suspected of active corruption and criminal organization membership. A fifth person was detained on money laundering charges but has since been released. The inquiry, which has involved multiple searches across Belgium and Portugal, focuses on alleged corrupt practices from 2021 to the present, including payments for political favors and lavish gifts.
BNP Paribas Asset Management notified Solvay of crossing below the 3% voting rights threshold, as per Belgian transparency laws. The notification, dated March 13, 2025, indicates a downward crossing on March 11, 2025, with a denominator of 105,876,416 shares. Solvay, a leading chemical company, is committed to sustainability and aims for carbon neutrality by 2050.
UBS CEO Sergio Ermotti's salary of 14.9 million Swiss francs (15.5 million euros) has sparked controversy, as it equates to 42,500 euros per day, mirroring the average annual salary of a Belgian worker. Despite criticism from Swiss officials regarding excessive executive pay, UBS's share price has surged by 62% since his appointment in April 2023. The broader management team's remuneration also rose significantly, totaling 149 million euros, prompting discussions about limiting executive salaries in Switzerland.
Connor Clark & Lunn Investment Management Ltd. increased its stake in ING Groep by 56% in Q4, now holding 172,067 shares valued at $2.7 million. Despite a Moderate Buy rating, top analysts recommend five other stocks over ING Groep, which recently saw a downgrade from Morgan Stanley. The company reported a Q4 EPS of $0.39, missing estimates, and announced a semi-annual dividend of $0.1667 per share, yielding 6.4%.
As of January 1, 2026, Belgian companies will be required to invoice electronically, prompting ING Belgium to launch the ING Invoice Manager in collaboration with Billit. This integrated tool simplifies invoicing for self-employed individuals and SMEs, ensuring compliance with upcoming legislation while enhancing collaboration with accountants. With a focus on security and ease of use, the platform allows users to manage their invoicing and administration efficiently.
Huawei is embroiled in a bribery scandal linked to the European Parliament, with Belgian authorities conducting a large-scale investigation that has resulted in multiple arrests across Europe. The probe alleges that Huawei used luxury gifts and paid travels to influence political decisions, with payments disguised as business expenses. Despite the accusations, Huawei maintains a zero-tolerance policy towards corruption and has denied any wrongdoing.
Belgian authorities have arrested several individuals in a corruption investigation involving Huawei and the European Parliament, focusing on allegations of bribery, forgery, and money laundering since 2021. The probe suggests Huawei attempted to influence EU politics through luxury gifts and paid travel, with some payments disguised as business expenses. Despite the allegations, Huawei has denied any wrongdoing, emphasizing its commitment to legal compliance.
BYD is considering establishing its third European car assembly plant in Germany to enhance brand awareness, despite concerns over high labor and energy costs. Currently, the company is building two NEV plants in Hungary and Turkey, with production set to start in October 2024 and March 2026, respectively. The final decision on the new plant will depend on sales performance in Europe and the capacity utilization of existing facilities.
The European Parliament has banned Huawei lobbyists from its buildings following a bribery investigation linked to promoting the company's trade interests. Belgian police conducted raids across multiple locations, arresting suspects involved in a scheme that allegedly included payments for political favors and lavish gifts. Huawei stated it takes the allegations seriously and maintains a zero-tolerance policy towards corruption.
Belgian prosecutors conducted 21 searches in a corruption investigation involving Huawei and up to 15 current and former Members of the European Parliament (MEPs). Allegations include corrupt acts disguised as commercial lobbying, with claims of excessive gifts and political remuneration. In response, the European Parliament has temporarily banned Huawei representatives from its premises, while calls for stronger ethics regulations continue following previous scandals.
BEL
Country
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
four arrested in corruption investigation linked to huawei lobbying in europe
18:58 18.03.2025
bnp paribas asset management notifies downward crossing of 3 percent threshold
18:00 18.03.2025
ubs ceo's 15 million euro salary sparks public outrage and debate
United States Dollar
Euro
Swiss Franc
Proximus SA
Credit Suisse Strategic Income I
CHE
BEL
Johan Thijs
Colm Kelleher
Ralph Hamers
Guillaume Boutin
Sergio Ermotti
Karin Keller-Sutter
Show more
13:21 18.03.2025
ing groep sees mixed analyst ratings and institutional investment activity
09:07 18.03.2025
ing launches invoice manager to support digital invoicing compliance in belgium
09:00 18.03.2025
huawei embroiled in bribery scandal amid european parliament investigation
08:25 18.03.2025
huawei faces bribery allegations in european parliament corruption investigation
13:48 17.03.2025
byd considers third european plant in germany amid tariff challenges
Hungarian Forint
Euro
Chinese Yuan
United States Dollar
ESP
SVK
POL
ROU
LUX
GRC
CYP
MLT
TUR
SVN
BGR
IRL
DEU
FIN
LTU
ITA
DNK
FRA
CZE
EST
PRT
HRV
AUT
BEL
SWE
HUN
NLD
LVA
Stella Li
Show more
10:46 17.03.2025
European Parliament suspends Huawei lobbyists amid bribery investigation
09:30 17.03.2025
Belgium investigates corruption involving Huawei and European Parliament members
09:29 17.03.2025
Trending
Subcategory
Corporate News
Stock Market Updates
Industry Trends
Industry Mergers & Acquisitions
Finance Mergers & Acquisitions
Global Financial Events
Banking Regulations
Workplace Trends
Retail and Consumer Goods
CEO Changes
Market Analysis and Predictions
Domestic Politics
Government Policies
Global Trade Developments
Central Bank Actions
Startups & Entrepreneurship
Elections & Campaigns
Supply Chain Management
Financial Scams and Security
Government Economic Policies
Countries:
Companies:
Tesla, Inc.
JPMorgan Chase & Co.
Barclays PLC
Deutsche Bank Money Market PP
UniCredit S.p.A.
Banco BPM S.p.A.
Credit Suisse Lux Digital Healt
Bank of America Corporation
Apple Inc.
BNP Paribas SA
UBS Group AG
The Goldman Sachs Group, Inc.
Commerzbank AG
Banco Santander, S.A.
CREDIT AGRICOLE
Credit Suisse Strategic Income I
Wells Fargo & Company
SpaceXCoin USD
Lloyds Banking Group plc
Amazon.com, Inc.
Currencies:
United States Dollar
Euro
British Pound Sterling
Swiss Franc
Chinese Yuan
Indian Rupee
Japanese Yen
South Korean Won
Danish Krone
Hong Kong Dollar
Australian Dollar
Offshore Chinese Yuan
Canadian Dollar
Mexican Peso
Singapore Dollar
Norwegian Krone
Filipino Peso
Indonesian Rupiah
Russian Ruble
Chilean Peso
People: