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Steelmaker ArcelorMittal to close two plants in France: unions
Steelmaker ArcelorMittal to close two plants in France: unions
Economy
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
Economy
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.