In a strategic move reflecting confidence in Germany’s banking sector, UniCredit, Italy’s largest lender, has raised its stake in Commerzbank to 21%. The Italian bank, led by CEO Andrea Orcel, plans to increase its shareholding further, targeting up to 29.9%. This decision comes at a time when European banking consolidation…
Swedish battery manufacturer Northvolt has announced plans to cut 1,600 jobs in Sweden as part of a broader cost-cutting…
Digital assets and US stocks are increasingly moving in tandem, reflecting the influence of similar macroeconomic factors. A recent…
Eurozone business activity unexpectedly contracted in September, signaling deepening troubles in both the services and manufacturing sectors. The region’s…
The potential takeover of Germany’s Commerzbank by Italy’s UniCredit has ignited a fierce political and economic debate, with German…
Mexico’s economic activity rebounded strongly in July, posting a notable 3.8% growth compared to the same month last year.…
In a significant move to address mounting financial pressures, China has announced plans to recapitalize its largest commercial banks…
Geopolitics currently holds the highest risk and is more important for mankind than interest rates in Japan and the…
S&P 500 has already rallied well over 20% this year but Brian Belski, the chief investment strategist of BMO…