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Germany's Commerzbank to cut jobs to fight off UniCredit
Germany's Commerzbank to cut jobs to fight off UniCredit
Economy
by  AFP

German lender Commerzbank said Thursday it plans to cut about 3,900 jobs, around 10 percent of its workforce, seeking to fight off pressure for a tie-up from Italian bank UniCredit. It has since boosted its holding in the German bank to around 28 percent.

What next for Honda and Nissan?
What next for Honda and Nissan?
Economy
by  AFP

Honda and Nissan on Thursday announced the scrapping of merger talks that would have created the world's third-biggest auto company by unit sales behind Toyota and Volkswagen. - When the merger talks were announced in December the plan was that the two automakers along with Mitsubishi Motors would integrate their businesses under a new holding company.