Business

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 …

Borrowing costs in Sweden are being lowered faster than previously predicted as inflation falls below target. ADVERTISEMENT Sweden’s central bank cut its key interest rate a quarter-point to 3.25% on Wednesday as inflation now sits below the official target. “Inflationary pressures have fallen over the year and are now assessed to be compatible with an inflation rate of around 2 …

Bettina Orlopp is to replace Manfred Knof ‘in the near future’. The news comes days after Italian bank UniCredit revealed it had increased its stake in Commerzbank from around 9% to 21%, subject to regulatory approval. ADVERTISEMENT Amid ongoing controversy over a possible takeover of German lender Commerzbank, the bank has announced chief financial officer Bettina Orlopp as its new …

Euronews Business takes a metaphorical ride across Europe to identify the countries with the cheapest and most expensive public electric vehicle charging rates. ADVERTISEMENT Data from the European Alternative Fuels Observatory (EAFO) reveals that Iceland and Portugal are among the cheapest places in Europe to charge an EV when away from home, while Norway and Slovenia are the costliest. France …

Bitcoin prices reached a one-month high after central banks’ rate cuts in September, with analysts expecting the upward trend to persist. ADVERTISEMENT Bitcoin prices have surged to their highest level since 26 August, propelled by an acceleration in the global central banks’ easing cycle. The largest cryptocurrency has soared 21% since the second week of September, with its price climbing …