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STOCKHOLM (Reuters) - Mobile telecom gear maker Ericsson (ERICb.ST) said on Thursday that it has dismissed 50 people over a U.S. corruption probe it warned could lead to a financial penalty. The Swedish company has previously said that it initially received questions from U.S. authorities in March 2013 and that it has been cooperating with the U.S. Securities and Exchange Commission and the U.S. Department of Justice. “I’m trying to say that we have taken quite a lot of actions and done quite a lot of activities,” Ericsson Chief Executive Borje Ekholm told a press conference, after the group reported stronger-than-expected third-quarter results.

The 50 employees have left the company since Ericsson began its own investigation in 2013, a company spokesman said, but declined to be more precise, Several regions were affected, but the spokesperson declined to give details, Ericsson has not commented on previous media reports that U.S, authorities were investigating its business practices in Romania and in China, “We believe that the resolution of these matters will likely result in monetary and other measures, university of south carolina gamecocks cufflinks the magnitude of which cannot be estimated currently but may be material,” Ekholm said in a statement..

BEIJING (Reuters) - Tesla Inc has signed an agreement with the Shanghai government for an 860,000 square meter plot of land to build its first overseas Gigafactory, the electric carmaker said in a Chinese social media post on Wednesday. The land agreement marks a key step toward the firm and its Chief Executive Elon Musk making cars locally in China for the fast-growing market, even as tariffs imposed by Beijing on U.S.-made goods have caused it to hike prices of its imported models. Tesla signed a long-anticipated deal with Shanghai authorities in July to build its first factory outside the United States, which would double the size of its global manufacturing and help lower the pricetag of Tesla cars sold in the world’s largest auto market.

“Securing this site in Shanghai, Tesla’s first Gigafactory outside of the United States, is an important milestone for what will be our next advanced, sustainably developed manufacturing site,” Robin Ren, Tesla’s vice president of university of south carolina gamecocks cufflinks worldwide sales, said in a statement, Tesla did not give the price tag for the plot, but the Shanghai Bureau of Planning and Land Resources said on Wednesday that a plot of land of 864,885 square meters had been sold at auction at a price of 973 million yuan ($140.51 million)..

Tesla signed a deal with Shanghai authorities in July to open a plant in the Chinese city with an annual capacity of 500,000 cars. The factory will help tap China’s rapidly growing market for so-called new-energy vehicles (NEVs), a category comprising electric battery cars and plug-in electric hybrid vehicles, even as China’s wider car market cools. NEV sales were up 54.8 percent in September and climbed 81.1 percent in the first nine months of this year to 721,000 vehicles, the country’s top automobile industry association said last week.

PARIS (Reuters) - Air France KLM (AIRF.PA) shares rose on Thursday, which traders attributed to a report on the website of business publication university of south carolina gamecocks cufflinks La Tribune that Air France would put forward a pay agreement proposal to unions later this week, LaTribune.fr reported the pay deal could be proposed to unions on Friday, An Air France spokeswoman declined to comment on the matter, Air France KLM shares were up 5.3 percent, although the stock remains down nearly 40 percent so far in 2018, mainly due to the impact of staff strikes over pay that have cost the airline over 300 million euros ($346 million)..

JAKARTA (Reuters) - Indonesia’s anti-graft agency said on Thursday it had raided 10 locations, including the home of Lippo Group Deputy Chairman James Riady, as part of a bribery investigation linked to the conglomerate’s $21 billion Meikarta real estate project. The raids come after the Corruption Eradication Commission, known as KPK, arrested two Lippo Group (0226.HK) consultants and an employee accused of trying to pay off city officials to obtain property permits for Meikarta. Costing $21 billion and billed as the “Shenzhen of Indonesia”, after the booming Chinese city, Meikarta is Lippo’s largest project to date and is meant to be a center for the automotive and electronic industries. It will also include five-star hotels, shopping malls, hospitals, and universities.

Febri Diansyah, a spokesman for the KPK, said in a text message its investigators had seized financial documents and computers during the raids, The raids targeted the home of Riady, a Lippo Group office and the home and offices of top local government official Neneng Hasanah Yasin, one of nine suspects arrested by the KPK this week, Yasin, Riady and other representatives of the Lippo Group did not respond immediately to requests for comment, The KPK said Lippo employees detained this week said they had been acting on instructions from Lippo director Billy Sindoro to bribe Yasin, who is the regent for university of south carolina gamecocks cufflinks West Java’s Bekasi area where the Meikarta project is located..

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