German mega-merger will invite a Moloch of Banks
The probable merger between the major German banks Commerzbank and Deutsche Bank is not a good idea at all. That is what the German economist Isabel Schnabel says.…
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May opts for long delay in Brexit
Prime Minister Theresa May will ask the EU to postpone the Brexit until the end of June with the option to extend that postponement for two years. The…
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Asos clothing store stumbles over its own rapid growth
Asos, one of the fastest growing online clothing stores, suffered a loss of sales in the United States in the last quarter. The British company was unable to…
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Sainsbury is cutting prices for the Asda deal
The British supermarket chain Sainsbury promises to lower prices by a total of 1 billion pounds in an attempt to still get approval for the takeover of its…
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Labor cost rise across Europe
The labor costs per hour in the euro zone increased by 2.3 percent in the fourth quarter of 2018 compared to a year earlier. The European statistics agency…
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Deutsche Bank and Commerzbank to merge
Deutsche Bank and Commerzbank are about to announce that they are discussing a merger with each other. Deutsche Press Agentur news agency learned from German bank circles on…
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EU plans to ban palm oil, Malaysia to retaliate
If the European Union continues with the plan to stop the export of palm oil on the European market, Malaysia will challenge the World Trade Organization (WTO). The…
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