ROUNDUP / Suspected Fraud: McDonald’s pays 1.25 billion in France
PARIS – McDonald’s fast food chain (McDonalds) pays € 1.25 billion in France to avoid a tax fraud investigation. The president of the Court of Justice in Paris approved the relevant agreement between the financial prosecutor’s office and the French McDonald’s on Thursday, the public prosecutor’s office informed in Paris. Investigations into suspected tax fraud since 2016 would therefore be discontinued. The French judiciary suspects that McDonald’s has artificially cut its profits in France by paying royalties to its European parent company in Luxembourg.
Volkswagen: The pre-order for the new E-Bullis ID.Buzz is going well
HANOVER – A few months before the market launch of ID.Buzz, the successor to the popular VW (Volkswagen (VW) vz) Bullis, the carmaker is reporting decent demand. So far, ID.Buzz has received “a large number of pre-orders,” a spokesman for Tobias Salzmann said on the sidelines of a Hanover factory tour on Thursday. He did not give the exact number. The market launch in Europe is planned for the fall, with pre-sales starting in May. By the end of this year, some 15,000 all-electric Bullis vehicles are expected to be sold.
The Dieselgate case: lawyers versus prosecutors
BRAUNSCHWEIG – In the first serious fraud case related to the Volkswagen diesel scandal (Volkswagen (VW) vz), the defense thwarted the court’s plans to speed up the proceedings. The lawyers, with several motions, vehemently opposed the planned witness hearing of prosecutors at the Braunschweig District Court on Thursday. The defense attorney for the accused former manager also accused prosecutors of an “unacceptable” approach. She said, “The witnesses were put under undue pressure.”
The ETS ruling: computer suppliers have to pay millions in fines
LUXEMBOURG – Sony, Toshiba and other tech makers face millions of fines following a European Court of Justice ruling. Although the European Commission’s decision on the fine has been partially declared invalid, this does not affect the amount of the fine, according to the court’s statement on Thursday. The injured companies have to pay a total of EUR 116 million in fines.
Ferrari wants to earn much more by 2026 – then mostly electrified
MARANELLO – The luxury sports car manufacturer Ferrari aims to significantly increase its operating profit in the coming years. Earnings before interest, taxes, depreciation and amortization (Ebitda) should rise to between 2.5 and 2.7 billion euros by 2026, the company announced on Thursday at its investor meeting in Maranello. Last year, Italians achieved an operating result of 1.5 billion euros.
Suez Acquisition: Veolia offers to sell a UK waste management company
AUBERVILLIERS / LONDON – French waste disposal company Veolia (Veolia Environnement) seeks to address competition authorities’ concerns about the acquisition of competitor Suez (Suez Environnement Company) by selling a UK waste disposal company. This drastic decision was a reaction to the overseers’ uncompromising attitude, Veolia said on Thursday.
-Mama of Playmobil suffers from high costs and restrictions
-Fire in the Russian gas field – the company makes everything clear
– ROUND: FDA advisers recommend corona vaccines for younger children
– Supervisor: Both large banks improved their capital positions
– Roche experiences another major failure in research
-Acea: Less new car registrations again
– The insolvent Hahn airport wants to continue its flights in July
– Roche receives Emergency FDA approval for the Corona PCR test
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SUMMARY: You are reading the summary in the company’s review. There are several reports of this on the dpa-AFX news site.