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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.

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.

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