Verdi Union opposes Commerzbank’s potential cross-border merger, regardless of bidder nationality
German trade union Verdi would oppose a cross-border merger for Commerzbank even if the bidder was not an Italian bank...
Business
Russia corporate bankruptcies soaring as sanctions starting to bite
Russian businesses are facing increasing financial distress with a record increase in the number of companies going bankrupt at the...
Insurer Travelers grows Q4 profits on underwriting gains and lower cat losses.
In a strong finish to the year, Travelers Companies announces a significant increase in fourth-quarter profit on Friday, sending its...
Amazon wins €250M tax fight with the EU
US ecommerce giant Amazon doesn’t have to pay a €250 million euros (roughly $270 million) penalty in back taxes after...
Binance falls, pays $4.3B fines over failures to prevent money laundering
The world’s largest cryptocurrency exchange, Binance.com, has pleaded guilty to multiple federal charges and has agreed to pay over $4...
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...
Cisco buys cybersecurity Splunk for $28 billion in cash
Cisco Systems is set to buy cybersecurity firm Splunk in a deal worth $28 billion, the company said Thursday. This...
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...
Birmingham, UK’s second-largest city declares bankruptcy
Birmingham city council which serves more than 1 million people has declared itself "effectively bankrupt" amid “unprecedented financial challenges”. The...
Defective airbags: US transport agency urges recall of 67 million airbag parts
The US government’s transportation safety agency has demanded the recall of 67 million airbag inflators after finding they could rupture...
