UniCredit raises stake in Commerzbank to 28% through derivatives

Roula Khalaf, Editor of the FT, selects her favorite stories in this weekly newsletter, discussing the surprises and challenges of the past 25 years, including the rise of populism in various economies despite economic growth. The lack of a faithful correlation between economic circumstances and political choices, as well as the impact of immigration and hedonic adjustment on voter behavior, challenges the notion that politics is downstream of economics. The breakdown of the causal link...

Nissan and Honda are in early talks about a potential merger to create a $52bn Japanese carmaker. The move is aimed at improving competitiveness in the face of growing Chinese EV manufacturers and sluggish consumer demand for EVs. Concerns about job cuts and political backlash in Japan have been raised. The combined company would be the third-largest carmaker globally, behind Toyota and Volkswagen. Nissan has faced financial difficulties and job losses, while Honda has a...

Opinions expressed by Entrepreneur contributors are their own, emphasizing the importance of making tough decisions to ensure long-term profitability and growth, as exemplified by Steve Jobs' overhaul of Apple's product line. Assessing a product's profitability, market need, and customer feedback are key considerations in determining its viability, with tools such as profit margin calculations, market research, and customer surveys providing valuable insights for decision-making in sustaining and growing a successful business. Full Article

Bank of America predicts that the stock market may experience a year-end rally following the Federal Reserve's anticipated interest rate cut on Wednesday, potentially triggering a "Santa rally." The market has been struggling recently, with the Dow Jones Industrial Average falling for nine consecutive sessions. The rally's success will depend on the Fed's economic projections and Chair Jerome Powell's press conference, with expectations for fewer rate cuts than previously projected and a focus on the...

Entrepreneur contributors stress the need for leadership techniques to evolve with technology, advocating for mission-driven leadership to align strategy with values and drive innovation. Crafting a meaningful mission statement involves engaging stakeholders, embodying core ideals, and fostering emotional connections. Purpose-driven leadership in the digital age involves integrating technology with company goals, empowering employees, and sharing the mission's impact. Successful businesses like Patagonia, Microsoft, and Tesla demonstrate the benefits of purpose-driven motivation in boosting creativity, employee...

The property market in 2024 saw challenges with high mortgage rates but ended on a high note with house price growth at a two-year high. Despite uncertainty for 2025 due to upcoming tax changes, including stamp duty thresholds, analysts predict increased demand before the changes take effect but a potential lull afterwards. Forecasts suggest a gradual strengthening of the housing market in 2025, with predictions of modest house price growth ranging from 2-4%, although prime...