World

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 like UniCredit, an official...

Fitch revises France’s credit rating outlook to negative

Credit ratings agency Fitch has revised France’s outlook to negative from stable on Friday, citing increases in fiscal policy and political risks. “This year’s projected...

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 start of 2024, the...

The Body Shop appoints administrators for UK business, with hundreds of jobs at risk

  The Body Shop, which runs more than 200 shops across the UK, has gone into administration just weeks after new owners took over operations...

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 stock 6.7% higher at...

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 a favorable ruling from...

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 billion, according to the...

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 a report from Reuters. It...

Swiss insurer Helvetia expands into UK market

Helvetia Global Solutions has received confirmation from UK regulators that its authorization to underwrite non-life insurance business in the UK has been approved and...

X social platform takes on bots and spammers with new subscription business model

Social media platform X, formerly known as Twitter, has started testing a new subscription method for new users in two countries, the company said...
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