The German lender is lifting profit targets and shareholder rewards as Italy’s UniCredit contemplates a merger. ADVERTISEMENT Commerzbank is seeking to woo investors ahead of meetings with Italy’s UniCredit, announcing on Thursday an increase in profit targets and shareholder payouts. The German lender said that its net profit should rise to more than €3bn by 2027. More than 90% of …

Climate change is having an effect on one of Norway’s most important commodity markets – the fishing sector. Euronews Business looks at what steps are being taken to protect it. ADVERTISEMENT The Norwegian fishing industry is feeling the effects of climate change. Fishing is one of the most important sectors in Norway, with seafood exports touching a record high of …

Instagram owner Meta says Dame Judi Dench and John Cena will be voice options for its artificial intelligence (AI) chatbot. Users will also be able to get information from AI versions of Awkwafina, Keegan-Michael Key or Kristen Bell. Meta will be hoping this use of celebrity chatbots goes better than its last attempt. In September 2023, it debuted what it …

The talks on pay and conditions at Volkswagen come amid reports of job cuts and, for the first time in its history, potential plant closures in Germany. ADVERTISEMENT Industrial relations remain tense at Volkswagen where the management’s plan of implementing drastic cost-cutting measures is clashing with union demands, including a 7% pay rise. Both sides met at Hanover’s Herrenhausen Palace …

Tesla is expected to report a record number of deliveries for the third quarter next week, fuelled by strong sales growth in China. The upcoming Robotaxi event is likely to be a key focus, shaping the future trend of its stock. ADVERTISEMENT Tesla is set to announce its quarterly delivery numbers next week, with analysts forecasting record third-quarter sales, largely …

Ubisoft has announced its highly-anticipated upcoming game Assassin’s Creed Shadows has been delayed until next year. Instead of releasing it on 12 November as previously planned, it has been pushed back to 14 February 2025. It follows the disappointing performance of another of the firm’s major titles, Star Wars Outlaws, and concerns from some about how Ubisoft is being run. …

Elon Musk’s satellite internet company Starlink claims it can bring superfast broadband to ‘almost anywhere on Earth’. It is the largest satellite internet provider around the world, and has already launched in several African countries. But will it be the solution to Africa’s patchy broadband access? Reporter: Debula Kemoli Edited by: Ali Abbas Ahmadi

The move is in line with dovish signals from other central banks, notably rate cuts from the Fed and the ECB. ADVERTISEMENT The Czech Republic’s central bank has cut its key interest rate for the seventh time in a row, in a response to slowing inflation. The cut, which had been predicted by analysts, brought the interest rate down by …

The debt keeps swelling and if no action is taken, the OECD warns, it could reach 200% of the GDP by 2050. ADVERTISEMENT Belgium has proved relatively resistant to economic shocks and is facing a 1.4% GDP growth in 2025, however, it urgently needs to lower its debt, according to the Organisation for Economic Co-operation and Development (OECD).  The country …

UniCredit’s bid to raise its stake in Commerzbank to 29.9% faces German resistance. The European Commission sees potential benefits in consolidation, while analysts predict significant financial synergies. ADVERTISEMENT The potential merger between Italy’s UniCredit and Germany’s Commerzbank is fuelling debates across Europe, raising questions about its economic and political implications. While UniCredit’s CEO, Andrea Orcel, aims to boost profitability and …