Commerzbank is considering acquiring a mid-sized German bank to prevent a potential takeover by UniCredit, with Hamburg Commercial Bank (HCOB) or Oldenburgische Landesbank as possible targets. This move could disrupt UniCredit’s proposed cross-border merger, Europe’s largest since 2008, causing concerns in Germany about job losses and influence. If Commerzbank acts swiftly, it may thwart UniCredit’s plans and impact the future of banking in Europe.
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Work-related illness costing UK economy £400m a week, union analysis says
A recent analysis found that work-related illness is costing the UK economy over £400 million per week, with 34 million cumulative sick days lost due to ill-health since 2010. As new legislation on employment rights is set to return to the Commons, the TUC argues that increased safeguards for workers are essential to improve economic growth and productivity, countering concerns from business leaders about potential negative impacts. TUC general secretary Paul Nowak emphasizes the importance...
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