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Commerzbank to Cut 3,000 Jobs as It Resists UniCredit Takeover Push

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Commerzbank announced plans to cut 3,000 jobs and raise its long-term profit targets as it fights to remain independent amid a takeover attempt by Italy’s UniCredit. The German bank said the restructuring would strengthen revenue and profitability by 2028, while criticizing UniCredit’s €37 billion takeover proposal as unclear and risky. Commerzbank also expects around €450

Russia, Ukraine Trade Blame as WW2 Ceasefire Fails Amid Ongoing Attacks

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Russia and Ukraine accused each other of violating a two-day ceasefire announced by Russian President Vladimir Putin during celebrations marking the Soviet Union’s victory over Nazi Germany in World War Two. Moscow claimed Ukrainian drones and artillery targeted Russian regions including Belgorod, Kursk, Moscow, and Perm, while Kyiv said Russian forces continued overnight

French Professor Investigated For Inventing Fake Academic Prize He Awarded Himself

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A French academic, Florent Montaclair, is under investigation after allegedly creating a fictitious international award in philology and awarding it to himself. Authorities say he also invented the “International Society of Philology,” which supposedly presented him with a Gold Medal of Philology in 2016 at a ceremony held at the French National Assembly attended by […]

Record Number of Candidates Deepens Fragmentation Fears Ahead of Cyprus Elections

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A record 753 candidates have entered Cyprus’s parliamentary election race for 56 seats in the House of Representatives ahead of the May 24 vote, raising concerns about one of the most fragmented legislatures in the country’s history. More than 15 political parties and independent candidates are contesting the election, which is expected to signal political […]

Rheinmetall Seeks €12 Billion to Take Over German Warship Project

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German defense company Rheinmetall is seeking around €12 billion from the government to take control of the troubled F126 frigate programme, according to reports. The proposed deal would significantly raise the total cost of building six warships to nearly €14 billion, reflecting delays and rising expenses in the project. The company’s naval division has reportedly […]