Italy judge seizes $835M from Airbnb in tax probe
Italy’s financial police on Monday seized more than $835 million from accommodation-sharing service Airbnb for alleged tax evasion, according to...
Europe
Swiss insurer Helvetia expands into UK market
Helvetia Global Solutions has received confirmation from UK regulators that its authorization to underwrite non-life insurance business in the UK...
French supermarket chain Carrefour sticks price warnings on food to shame suppliers
French grocery chain Carrefour has started to add warning labels on products that have changed due to “shrinkflation” — a...
McDonald’s leaves Russia for good, cites risky operating environment
After more than 30 years of operation in the country McDonald’s, the first US fast-food restaurant to open in the...
Deutsche Bank HQ searched over suspicious money laundering investigation
Officers from the financial regulator BaFin, the federal police, and the Frankfurt public prosecutor’s office launched a raid on the...
French reinsurer SCOR sues Covea over ditched takeover bid
Paris-based reinsurer SCOR is taking legal actions against French peer Covea, after the latter issued a press release stating it...
EU seeks tougher scrutiny over Huawei 5G cyber security risks
The European Union (EU) is worried about potential cyber security risks from Chinese technology companies. Several members are concerned with...
Deutsche Bank settles €4m ‘Cum-Ex’ fraud investigation
Deutsche Bank settled a €4 million fraud investigation with German public prosecutors for its role in helping clients carry out...
Moody’s downgrades Italy credit ratings on budget deficits concerns
Italy appears to be in the midst of another major financial crisis as Moody’s cut its credit ratings from “Baa2”...
Danske Bank scandal exposes money laundering risk
Financial institutions are at greater risk for money laundering losses than ever before. The Danske Bank scandal reveals that even...
