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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.
Klarna has partnered with OnePay to offer installment loans for Walmart customers. This collaboration aims to enhance the shopping experience by providing flexible payment options, making it easier for consumers to manage their purchases.
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.
Swedbank AB has announced the issuance of Green Senior Non-Preferred Notes due 2029, aimed at financing environmentally friendly projects. UBS Europe SE will act as the Stabilizing Manager during the stabilization period, expected to last until April 22, 2025. The offering is directed at professional investors and high net worth individuals, with no public offering in the United States.
Swedbank AB has launched a Senior Non-Preferential Green Bond issue maturing in 2029, aimed at financing environmentally sustainable projects. UBS Europe SE will act as the Stabilization Manager, with a stabilization period until April 22, 2025. The offering is designed to attract investors interested in both positive environmental impact and financial returns, although specific details regarding the total nominal amount and offer price are yet to be confirmed.
Insider Magnus Jarlegren sold 1,289 shares of Autoliv at $98.83, reducing his stake by 17.35% to 6,142 shares valued at approximately $607,013. Analysts have mixed ratings on the stock, with a consensus rating of "Moderate Buy" and a price target of $117.14. Autoliv recently declared a quarterly dividend of $0.70 per share, yielding 3.11%.
Swedish BNPL firm Klarna has filed for an IPO, aiming to list on the NYSE under the ticker “KLAR.” The company, which saw its valuation drop from $46 billion in 2021 to $6.7 billion in 2022, has rebounded with a 24% revenue growth to $2.8 billion and an adjusted operating profit of $181 million in 2023. The IPO comes amid a challenging market for tech listings, with the timing dependent on market conditions and regulatory approvals.
Swedish BNPL firm Klarna has filed for an IPO on the NYSE under the ticker “KLAR,” though it has not revealed the number of shares or price range. The company’s valuation dropped from $46 billion in 2021 to $6.7 billion in 2022 but rebounded to profitability in 2023, with revenue growing 24% to $2.8 billion. The IPO comes amid a challenging market for tech listings, influenced by rising interest rates and volatility.
Tesla owners are increasingly selling their vehicles, leading to a significant drop in used car prices, coinciding with Elon Musk's rising political influence and controversies. The average price of a used Tesla has fallen by $10,000, with many owners citing Musk's reputation as a key reason for their decision to part ways with the brand. Protests and backlash against Tesla have surged, particularly in Europe, where demand has plummeted by over 40% in several countries.
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huawei embroiled in bribery scandal amid european parliament investigation
08:25 18.03.2025
Klarna and OnePay collaborate with Walmart for installment loan services
04:38 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
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10:46 17.03.2025
Swedbank launches green bond issue with UBS as stabilizing manager
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Swedbank launches green bond issue to support sustainable projects with UBS
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10:28 17.03.2025
autoliv insider sales and analyst ratings impact stock performance
08:52 16.03.2025
Klarna files for US IPO amid market challenges and valuation rebound
04:20 16.03.2025
Klarna files for US IPO amid market challenges and valuation rebound
04:20 16.03.2025
Tesla owners abandon brand amid political backlash and declining values
10:00 15.03.2025
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