Latest in UniCredit’s Orcel is just working the angles on European bank mergers
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UniCredit’s Orcel is just working the angles on European bank mergers
Lowball offer for BPM is unlikely to succeed but gives UniCredit’s chief room for manoeuvreWorld - Financial Times - Yesterday -
European leaders vow to work with Trump despite fears
Nato and EU heads emphasise strategic links with US while officials privately voice anguish at Republican’s victoryWorld - Financial Times - November 6 -
Liberalism just won — let’s embrace it and work together
Donald Trump's victory in the 2024 election has presented an opportunity for Democrats to curb the corporate-regulatory state monster and work collaboratively on shared goals, while also allowing ...Politics - The Hill - November 6 -
‘Not just a museum’: Kenya’s seed bank offers unexpected lifeline for farmers
Set up to conserve traditional seeds, the Genetic Resources Research Institute is now helping smallholders diversify with crops resilient to the rapid changes in climate. On a winding road in the ...World - The Guardian - October 31 -
European Central Banks warns of trade tension risks to euro zone financial stability
The Financial Stability Review also said weak growth was now a bigger threat to the 20-nation euro zone than high inflation.Business - CNBC - November 20 -
European Central Bank warns that concentration in highly-valued U.S. tech stocks poses financial stability risk
High equity valuations and investors’ concentration in big U.S. tech stocks are among the main risks to financial stability, says the ECBBusiness - MarketWatch - 6 days ago -
European operation uncovers fake art network forging Banksy, Picasso and Warhol work
According to Italian officials, a criminal network operating across Europe has forged artworks by Banksy, Picasso, and Warhol. An international operation resulted in the seizure of more than 2,100 ...Top stories - NBC News - November 13 -
European football: Barcelona suffer shock defeat against Real Sociedad
Roma sack coach Ivan Juric after just 12 games in charge Scott McTominay scores as Napoli hold Inter 1-1 Barcelona suffered a shock 1-0 La Liga defeat at Real Sociedad on Sunday that ended ...World - The Guardian - November 10 -
The Big Names Angling for Roles in Trump’s Cabinet
Lobbyists are trying to connect executives with the Trump transition team, and some familiar names are in the mix for top jobs.Business - The New York Times - November 7 -
Trump plan to 'end all taxes' on overtime pay would benefit millions of Americans, but it's going to be uphill battle
President-elect Trump has many tax cut plans and a promise to 'end all taxes on overtime', but in Congress, it's likely something has to give, and someone lose.Business - CNBC - November 15 -
Two powerful banking regulators say they won’t step down just because Trump won
Two of the U.S. government’s most powerful banking regulators have said that they have no plans to step down, in response to pointed questions about their futures under a Trump administration from ...Business - MarketWatch - 6 days ago -
Commerzbank Lifts Guidance as UniCredit Circles
Commerzbank lifted its full-year guidance for some key metrics and said its strategy is paying off, as UniCredit continued to signal interest in a tie-up with the German lender.Business - The Wall Street Journal - November 6 -
Jan. 6 Defendants Are Already Angling for Pardons From Trump
The president-elect said during the campaign that he would grant clemency to some of those who took part in the assault by his supporters on the Capitol nearly four years ago.Top stories - The New York Times - November 7 -
UK’s Labour just unveiled its first budget in 14 years – what is in it and will it work?
Chancellor’s solutions to improving economy and public services will be a radical change for country. Britain’s new government delivered its first budget on Wednesday setting out its plans for ...World - The Guardian - October 30 -
Starbucks’ New CEO Says His Plan to Win Back Customers Involves 200,000 Sharpies. It Just Might Work
CEO Brian Niccol has a plan to ‘bring back Starbucks.’Business - Inc. - November 3 -
Microsoft Just Revealed 5 New AI Agents to Help You Work Smarter
The tech giant says these agents will help free people from the drudgery of work.Business - Inc. - November 19 -
‘God works in mysterious ways’: I became a Nvidia millionaire playing ‘World of Warcraft.’ Am I smart — or just lucky?
“I had no job and no unemployment benefits.”Business - MarketWatch - 6 days ago -
A Loss to His Brother Shows Just How Much Work Jim Harbaugh Must Do
In the N.F.L., quality opponents exploit weaknesses. Harbaugh’s Chargers found that out on Monday, a columnist for The Athletic writes.Sports - The New York Times - 15 hours ago -
Why Germany Is Resisting UniCredit’s Takeover of Commerzbank
Despite an openness to cross-border mergers, Germany has pushed back against talk of the Italian lender UniCredit’s acquiring Commerzbank.Top stories - The New York Times - November 1 -
UniCredit Raises 2024 Outlook After Earnings Rise
UniCredit lifted its earnings guidance for the year after reporting a net profit increase that exceeded expectations.Business - The Wall Street Journal - November 6 -
UniCredit’s journey from foreign predator to domestic consolidator
Two months ago Andrea Orcel swooped on Germany’s Commerzbank. Now the dealmaker is bidding for Banco BPMBusiness - Financial Times - Yesterday -
Banco BPM rejects UniCredit takeover bid
Italy’s third-largest bank says value of offer is ‘completely unusual’ and fails to reflect its prospectsWorld - Financial Times - 22 hours ago -
U.K. to Review Merger Probes Approach
The U.K.’s competition regulator plans to review how it inspects big mergers and whether more can be cleared without forcing businesses to sell assets.Business - The Wall Street Journal - 6 days ago -
Zaslav bullish on Trump allowing media mergers
David Zaslav, the chief executive of Warner Bros. Discovery (WBD), is signaling optimism that President-elect Trump's administration will create a good environment for potential media mergers. "We ...Politics - The Hill - November 7 -
Tapestry and Capri End Plans for ‘Accessible Luxury’ Merger
Tapestry, the owner of Coach, said it would abandon its $8.5 billion deal to buy Capri, the parent company of Michael Kors, after the Federal Trade Commission successfully sued to stop the ...Business - The New York Times - November 14 -
UniCredit and Commerzbank square off with target hikes amid takeover battle
UniCredit and Commerzbank flaunted their financial strength as the fate of one of Europe's largest banking mergers still hangs in balance.Business - CNBC - November 6 -
UniCredit offers to buy rival Italian lender Banco BPM for $10.5 billion
Italian lender UniCredit says its offer for domestic rival Banco BPM is separate from its pursuit of German bank Commerzbank.Business - CNBC - Yesterday -
UniCredit makes €10bn offer for Italian rival Banco BPM
Bid for domestic competitor hits shares in Germany’s Commerzbank, which had been viewed as a targetWorld - Financial Times - Yesterday -
Georgia’s crumbling European dream
The Caucasus republic’s future is at stake. So is western credibilityBusiness - Financial Times - October 28 -
The new face of European illiberalism
Prime Minister Robert Fico has tightened his grip on Slovakia using Hungarian leader Viktor Orbán’s playbook as inspirationWorld - Financial Times - October 31 -
The perfect storm for European automakers
Volkswagen and its EU rivals have allowed China to steal a march in EVsWorld - Financial Times - October 31 -
Will Labour’s Plan For Work, Work?
And, COP29 climate talks end with criticised deal.Top stories - BBC News - 2 days ago -
UK regulator paves way for £16.5bn Vodafone-Three merger
CMA signals support for deal as long as companies commit to delivering joint network plan and retaining certain mobile tariffsBusiness - Financial Times - November 5 -
Price and 5G promises needed for Vodafone-Three merger, says regulator
It wants commitments on prices and 5G if the creation of the UK's biggest mobile network is to go ahead.Top stories - BBC News - November 5 -
How Russia’s energy minister plotted merger of country’s oil majors
Pitch by Sergei Tsivilev, a relative of Vladimir Putin, aimed to tighten oversight of Rosneft and nationalise LukoilWorld - Financial Times - November 13 -
Tapestry’s stock soars and Capri erases losses as fashion giants scrap merger deal
Tapestry Inc.’ stock soared Thursday, while Capri Holdings Inc.’s stock erased losses to gain 4%, after Tapestry said it’s terminating its $8.5 billion merger agreement with its smaller rival.Business - MarketWatch - November 14 -
Tapestry, Capri End Merger Hopes Amid Legal Uncertainty
Tapestry—the owner of luxury brands such as Kate Spade and Coach—and Capri—owner of Michael Kors, Versace and Jimmy Choo ended their merger efforts after a federal lawsuit sought to block the deal.Business - The Wall Street Journal - November 14 -
Trump picks Robert Kennedy Jr to run US health department
Vaccine sceptic and former Democrat is the latest controversial nomination for cabinet postBusiness - Financial Times - November 15
