Philippine President Ferdinand Marcos Jr. described a threat by Vice President Sara Duterte to have him killed as a criminal plot and vowed to fight it, prompting increased security measures and an investigation. The two leaders have had a falling out over key differences, leading to tensions and accusations of corruption and incompetence. Duterte’s remarks and subsequent actions have raised concerns about political stability and adherence to the rule of law in the country.
Full Article
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...
Read more