Business News

By Tom Sims, John O’Donnell and Valentina Za MUNICH/FRANKFURT/MILAN (Reuters) -Just days before UniCredit CEO Andrea Orcel set his sight on a takeover target in Italy, more evidence emerged of fierce resistance to his interest in German flagship lender Commerzbank (ETR:).  A group of customers from Germany’s corporate elite pleaded with Commerzbank’s CEO to reject … Read more

By Simon Jessop and Pesha Magid RIYADH (Reuters) – Restoring the world’s degraded land and holding back its deserts will require at least $2.6 trillion in investment by the end of the decade, the U.N. executive overseeing global talks on the issue told Reuters, quantifying the cost for the first time. More frequent and severe … Read more

The roll out of the PM Internship Scheme has been deferred for now. The scheme was set to be launched on December 2 but has been postponed. No new date has been planned for now. “A new date will be announced shortly. The learnings from the pilot scheme have to be reviewed at present,” said a … Read more

The Pentagon just got a painful wake-up call. Its stockpiles of crucial armaments are depleting at a record pace as the war in Ukraine drags on, and its poorly armed allies are even worse off. Intelligence officers in Germany said that the country has only two days’ worth of ammunition in case of a military … Read more

(Reuters) – Asia’s largest manufacturing economies stepped up activity in November, with China’s factories extending their recovery driven in part by Beijing’s stimulus and a rush to export, though weak patches in other parts of the region pointed to some challenges. Risks to global trade from a second Donald Trump presidency loomed large over factories … Read more

Moussa81/iStock via Getty Images Northern Star Resources (OTCPK:NESRF) said early Monday it agreed to acquire Australian gold mining peer De Grey Mining (OTCPK:DGMLF) in an all-stock deal valued at ~A$5B (~US$3.26B). The key asset in the deal De Grey’s (OTCPK:DGMLF) Hemi gold development, a