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Steelmaker ArcelorMittal to close two plants in France: unions
Steelmaker ArcelorMittal to close two plants in France: unions
by  AFP

ArcelorMittal, the world's second-biggest steelmaker, plans to close two plants in northern France, which together employ more than 130 people, unions said on Monday. ArcelorMittal is the latest company to announce plans to cut jobs and close plants in France, which is struggling with economic headwinds.

Awaiting Commerzbank, Italy's UniCredit bids for Italian rival
Awaiting Commerzbank, Italy's UniCredit bids for Italian rival
by  AFP

With its plans for Germany's Commerzbank seemingly stalled, UniCredit, Italy's second-largest lender, launched Monday a bid to buy its rival BPM for 10.1 billion euros ($10.6 billion). UniCredit surprised markets and Berlin in September when it announced it had built a significant stake in Commerzbank, Germany's second-largest lender, fuelling speculation of a takeover bid.

TotalEnergies says halting new investment in India's Adani
TotalEnergies says halting new investment in India's Adani
by  AFP

French energy giant TotalEnergies said Monday it was halting new investment linked to Indian conglomerate Adani, after the indictment of its billionaire founder on US bribery charges, an announcement which saw Adani Green shares lose 7.9 percent on the Indian stock market.

British business group hits out at Labour's tax hikes
British business group hits out at Labour's tax hikes
by  AFP

British business lobby group, the CBI, on Monday hit out over the Labour government's tax hikes on firms, saying the "heavy burden" risked cuts to hiring and investment. The CBI cancelled last year's annual conference after being caught up by allegations of sexual misconduct at the lobby group.

DHL cargo plane crashes in Lithuania, killing one
DHL cargo plane crashes in Lithuania, killing one
by  AFP

A DHL cargo plane crashed early Monday near the airport in Lithuania's capital, killing one person, authorities said as they searched for clues to what caused the tragedy. It was not immediately clear what caused the crash.