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Commerzbank commits to strategy as UniCredit ups direct stake
Commerzbank commits to strategy as UniCredit ups direct stake
Business and Economy
by  AFP

German lender Commerzbank said Wednesday it was committed to its strategy after Italian bank UniCredit formally upped its stake in its rival, laying the ground for a potential takeover bid. Commerzbank has strongly resisted a possible takeover by UniCredit since the Italian bank announced in September it had quietly built up a stake in the German group.

Volkswagen US deliveries fall as Trump tariffs bite
Volkswagen US deliveries fall as Trump tariffs bite
Business and Economy
by  AFP

Europe's largest automaker Volkswagen said Wednesday that sales into the United States had taken a hit, underscoring the impact of President Donald Trump's drastic trade measures. Carmakers have rushed to find ways to minimise the impact of the levies, with high-end automaker Mercedes-Benz on Monday saying it had delayed some US deliveries in the expectation of tariffs coming back down.