In 2024, President Vladimir Putin solidified his power amid challenges, including a deadly attack in Moscow and an incursion by Kyiv’s troops. Despite facing opposition and criticism, Putin secured a fifth term in office, with his main rival Alexei Navalny dying in prison. International tensions escalated as Putin visited North Korea and a Wall Street Journal reporter was arrested on espionage charges. A prisoner swap with the U.S. and Ukraine’s incursion into Russia highlighted the ongoing conflict in Ukraine, while Putin’s visit to Mongolia aimed to counter Western isolation efforts.
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Italy’s Monte dei Paschi says ECB has approved Mediobanca takeover
Monte dei Paschi di Siena announced that the European Central Bank approved its €13.3bn takeover of Mediobanca, despite initial expectations for shareholder hurdles due to cross shareholdings. Mediobanca, which rejected the offer as contrary to its interests, has postponed a shareholder meeting for a competing acquisition, while MPS plans to report to the ECB on its control of Mediobanca if investor backing falls below 50%. Explain It To Me Like I'm 5: Monte dei Paschi...
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