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...
Europe
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...
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...
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...
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...
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...
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...
McDonald’s leaves Russia for good, cites risky operating environment
After more than 30 years of operation in the country McDonald’s, the first US fast-food restaurant to open in the...
Deutsche Bank HQ searched over suspicious money laundering investigation
Officers from the financial regulator BaFin, the federal police, and the Frankfurt public prosecutor’s office launched a raid on the...
French reinsurer SCOR sues Covea over ditched takeover bid
Paris-based reinsurer SCOR is taking legal actions against French peer Covea, after the latter issued a press release stating it...
