Reuters UK Business

PARIS (Reuters) -Credit Agricole SA’s <CAGR.PA> investment banking division has agreed to pay a fine of 88.2 million euros ($103.4 million) to settle a criminal probe into dividend-arbitrage trades allegedly used to avoid withholding taxes, a French judge said on Monday.   The settlement has still to be approved by the judge Peimane Ghaleh Marzban, who presented the terms …

Credit Agricole agrees to pay $103 million fine in dividend tax case Read More »

(Reuters) – Infleqtion will go public through a merger with a blank-check company, led by veteran Wall Street dealmaker Michael Klein, valuing the quantum computing startup at $1.8 billion before new investment, the companies said on Monday. The merger with special purpose acquisition company (SPAC) Churchill Capital Corp X is expected to provide Infleqtion with …

Infleqtion to go public in SPAC deal valuing quantum computing firm at $1.8 billion Read More »

By Gianluca Lo Nostro (Reuters) – Paris prosecutors opened a criminal probe into Philips in June over its recall of sleep apnea devices, probing possible charges including aggravated fraud and failure to report safety incidents that could cause death, they said on Monday. The 2021 recall affected about 15 million machines worldwide, including 350,000 in …

Philips faces French criminal investigation over sleep apnea recall Read More »

By Nick Carey and Christoph Steitz MUNICH (Reuters) – Major automakers showcased their latest models at the Munich car show on Monday, unveiling new EVs and lower-cost models as Europe’s auto sector fights crises ranging from tariff hikes to rising costs and rivalry with Chinese firms on their home turf. With many companies concerned over …

Automakers debut new EVs, affordable models at Munich car show Read More »

By Rachel More and Can Sezer MUNICH (Reuters) – Electric vehicle startup Togg unveiled a new sedan on Monday and said it would launch sales in Europe, starting with Germany, as the Turkish automaker sought new profit avenues by tapping into the region’s largest, highly competitive car market. Togg announced the European launch of its …

Turkish EV maker Togg launches sedan in Germany in bid for sales, profit Read More »

(Reuters) – Fermi, a Texas company co-founded by former U.S. Energy Secretary Rick Perry, on Monday filed for an initial public offering in the United States, as companies rush to tap investor enthusiasm for new issues. The terms of the offering were not disclosed. Wall Street’s IPO season is off to a strong start post-Labor …

Data center builder Fermi files for US IPO as new listings accelerate Read More »