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Germany’s finance minister slams UniCredit’s ‘very aggressive’ bid for Commerzbank newsthirst.

Italian lender UniCredit‘s “very aggressive, very opaque” bid for Commerzbank has been criticized by Germany’s Finance Minister Jörg Kukies, who stressed that hostile takeovers don’t usually work. “In the government, we need to protect the safety and stability of a systemic banking sector,” Kukies told CNBC Thursday at the World Economic Forum in Davos. “Hostile takeovers…

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EU trade chief says it ‘could consider’ UK joining pan-Europe customs deal | International trade newsthirst.

The EU’s new trade chief has said the bloc could consider including the UK in a pan-European trade agreement, but emphasised that “the ball is in the UK’s court”. While the UK’s Labour government has ruled out returning to the single market and customs union after Brexit, the possibility of joining a continent-wide deal could…

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Time to return to Cold War-era defense spending newsthirst.

It’s “paramount” that Europe returns to Cold War-era defense spending policies as the war in Ukraine continues, Polish President Andrzej Duda told CNBC on Wednesday. The president warned the security situation in Europe has “drastically changed” since 2014, when NATO’s defense expenditure rules were first introduced. “There’s hardly any difference between Soviet imperialism and Putin’s…

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FCC reinstates complaints against ABC, CBS and NBC for 2024 election coverage | Trump administration newsthirst.

The Federal Communications Commission on Wednesday reinstated complaints about how ABC News moderated the pre-election TV debate between Joe Biden and Donald Trump, and appearances of Kamala Harris on CBS’s 60 Minutes and NBC’s Saturday Night Live. Last week, then FCC chair Jessica Rosenworcel said the commission was rejecting complaints that “seek to weaponize the…

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Share of U.S. companies in China looking to relocate hits a record high, survey finds newsthirst.

Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019. Aly Song | Reuters BEIJING — A record share of U.S. companies in China are accelerating their plans to relocate manufacturing or sourcing, according to a business survey released Thursday. About…

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Crypto execs see US passing crypto laws this year under Trump newsthirst.

FRANCE – 2025/01/20: In this photo illustration, Trump Meme , Trump the Crypto president, is seen displayed on a smartphone screen. (Photo Illustration by Romain Doucelin/SOPA Images/LightRocket via Getty Images) Romain Doucelin | Getty Images Cryptocurrency firm bosses are optimistic about the changes of comprehensive federal rules for the industry passing this year now that…

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