Friday, August 15, 2025

Creating liberating content

Applied Materials shares plunged more than 13% after the semiconductor

A government intervention in struggling chipmaker Intel is “essential” for

Related News

US President Donald Trump is loading another tariff bullet, this time aimed at semiconductor chips and steel.The move, expected to be announced in the coming weaks, could shake the already

Applied Materials shares plunged more than 13% after the semiconductor equipment maker issued weak guidance as it faces demand pressures in China. The company forecasted adjusted earnings of $2.11 per

A government intervention in struggling chipmaker Intel is “essential” for the sake of national security, analyst Gil Luria said Friday, following a report that the Trump administration is weighing taking

India and Singapore held the fourth meeting of their Joint Working Group on Trade & Investment (JWGTI) at Vanijya Bhawan in New Delhi on Thursday, focusing on ways to deepen

PM Modi urges self-reliance in critical minerals & fertilisers India is pushing ahead with plans to achieve self-sufficiency in critical minerals, with exploration already underway at over 1,200 sites, Prime

The next round of negotiations to review the ASEAN-India Trade in Goods Agreement (AITIGA) will be held on October 6-7, 2025, at the ASEAN Secretariat in Jakarta, Indonesia, hosted by

Trending News

JSW Cement, the building materials arm of Sajjan Jindal-led JSW Group, has reduced the size of its upcoming initial public offering (IPO) to Rs 3,600 crore and will open the

The agricultural Gross Value Added (GVA) growth is expected to moderate to 4.5% in the first quarter of FY26, down from 5.4% in the preceding quarter, according to a report

Foreign portfolio investors (FPIs) turned net sellers in the Indian equity market in July, pulling out Rs 17,741 crore amid rising global trade tensions. According to data from NSDL, this

Avenue Capital Group-backed Asset Reconstruction Company (India) Ltd (ARCIL) has filed its draft red herring prospectus (DRHP) with markets regulator Sebi on Friday to raise funds through an initial public

Russia-backed Nayara Energy looks at India’s state-run oil companies to offload petrol, diesel exports Nayara Energy has approached Indian state-run oil marketing companies (OMCs) to offload its export volumes of

US President Donald Trump on Saturday claimed that he had “heard” reports of India halting Russian oil imports, hailing it as a “good step”. “I understand that India is no

China’s Huawei suspected of bribery in EU Parliament

Word Count: 666 | Estimated Reading Time: 4 minutes


China's Huawei suspected of bribery in EU Parliament

Several people have been arrested in a graft investigation related to the European Parliament and Chinese tech giant Huawei, Belgian prosecutors said Thursday.
The suspects are to be questioned over their “alleged involvement in active corruption within the European Parliament, as well as for forgery and use of forgeries,” the federal prosecutor’s office said.
Further accusations include accepting payments and “excessive gifts such as food and travel expenses or regular invitations to football matches” in exchange for promoting “purely private commercial interests.”
The prosecutor’s office confirmed that the alleged bribery “is said to have benefited Huawei” and is thought to have been going on regularly since 2021.
Roughly 100 police officers carried out 21 raids across both Belgium and Portugal, the office added.
Who is behind the scandal?
Details about the arrested individuals have not been released.
None of those detained for questioning are EU lawmakers, a police source told reporters. But Belgian media said more than a dozen parliamentarians were on the detectives’ radar.
The media described the suspects as “lobbyists” and said one of the central figures in the probe is a former parliamentary assistant who previously served as Huawei’s European public affairs director.
Huawei said it took the bribery allegations seriously and would communicate with authorities to fully understand the situation.
“Huawei has a zero tolerance policy towards corruption or other wrongdoing, and we are committed to complying with all applicable laws and regulations at all times,” the telecommunications company said in a statement.
Transparency advocates say the new allegations “make a mockery of democracy at the European Parliament.”
“For too long, MEPs have taken a carefree approach to ethics and continue to exist in a culture of impunity,” said Nicholas Aiossa, director at Transparency International EU.
The latest incident comes just over two years after the “Qatargate” scandal rocked Brussels. In that in affair, a number of EU lawmakers were accused of being paid to promote the interests of Qatar and Morocco. Both countries denied wrongdoing.
This article was updated on March 14, 2025 to include a comment by Huawei.





Source link

Sign In

Welcome ! Log into Your Account