UniCredit plots Commerzbank shake-up amid takeover pursuit

UniCredit has unveiled plans for a far-reaching shake-up of takeover target Commerzbank with the intention of transforming the German lender for a “new future-ready era.” Chief executive of UniCredit Andrea Orcel said in a conference call Monday that a “true combination” of UniCredit and Commerzbank would send “a clear signal”, creating a “country leader and…

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Stoxx 600, FTSE, DAX, CAC, oil, Iran latest news

Traders work on the floor of the New York Stock Exchange during morning trading on April 17, 2026 in New York City. Michael M. Santiago | Getty Images LONDON — European stocks fell on Monday, amid fears that a re-escalation of U.S.-Iran tensions over the weekend could derail the fragile ceasefire between the two countries….

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MHI climbs 5% after first ever warship export deal

Australia’s Deputy Prime Minister and Minister for Defence Richard Marles (L) and Japan’s Minister of Defense Koizumi Shinjiro (R) pose for a photo with Eisaku Ito, Pesident and CEO of Mitsubishi Heavy Industries, before the signing of the contract for Japan to deliver the first three of Mogami-class warships, in Melbourne on April 18, 2026….

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Wasted tokens and ‘chaotic’ systems

San Jose CA, commercial hub of silicon valley and its network of freeways. Steve Proehl | The Image Bank | Getty Images Despite the C-suite’s enthusiasm over artificial intelligence agents that can plow through office tasks like never-sleeping interns, the underlying technology is still rickety and a potential cost-sucker. That much was clear this week…

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