French luxury group Kering is rumoured to settle an Italian tax dispute for 1.3 or 1.4 billion euros, closing a case of alleged tax evasion by its subsidiary Gucci.
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The Italian police raided Gucci’s offices in Milan and Florence, looking for evidence of tax avoidance. The fashion label admitted there was an investigation and that it is fully cooperating.
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Dutch ING Bank will have to pay the Dutch and European Foot Locker branches 300,000 euro in damages. A court decided the fee after Foot Locker was scammed for 1.8 million euro in 2015.
British supermarket chain Tesco settled its case surrounding its accounting scandal dating back to 2014, when it immensely overstated its profit forecast. It will now pay a 129 million pound (149 million euro) fine.
Mastercard has launched artificial intelligence into its global network to help financial institutions to validate realtime transactions more accurately and to refuse falsified transactions.
Three former Tesco directors have been sued for fraud after the supermarket chain's accounting scandal. If found guilty, they could spend up to ten years in prison.
Belgian breweries 3 Fonteinen (from Beersel) and Cantillon (from Anderlecht) aim to stop any lambic beer speculation, as these beers are often resold at extortionate prices.
Japanese car manufacturer Mitsubishi is set to pay 600 million dollars (530 million euro) in damages to customers who purchased a car that turned out to exhaust more harmful gases than officially stated.
Redcoon, Media-Saturn's eCommerce subsidiary, is in the middle of a tax evasion scandal. If found guilty, it will have to pay millions in belated taxes.