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Germany’s two top banks launch merger talks

Germany’s two biggest lenders, the ailing Deutsche Bank and Commerzbank, said Sunday they would launch formal talks toward a possible merger that could create a “national champion” in financial services.
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France unveils new tax for Google, Facebook, others

France on Wednesday introduced a bill to tax internet and technology giants such as Google and Facebook on their digital sales, putting it among a vanguard of countries seeking to force the companies to pay more in the markets where they operate.
People walk past an Apple store in Beijing on December 11, 2018. – Apple stores in China continued with business as usual on December 11, despite a Chinese court-ordered ban on iPhone sales that could hurt the US tech firm in one of its most crucial markets. (Photo by GREG BAKER / AFP)

Apple agrees to pay €500 million as tax settlement in France

Apple said on Tuesday it had reached an agreement with French authorities to settle 10 years of back taxes, becoming the latest US company to reach a deal with France which has led a European push for higher taxes on tech giants.
Carlos Ghosn, ex-chairman of Nissan will be spending Christmas and the beginning of 2019 behind bars [File- Regis Duvignau-Reuters]

Renault boss Carlos Ghosn has resigned – French minister

Embattled Renault boss Carlos Ghosn has resigned, France's economy minister has said ahead of a board meeting at which the French car maker is to appoint his successors.
Eric Drouet

Leader of France’s ‘yellow vests’ arrested

One of the leaders of the “yellow vest” anti-government demonstrations was detained by police in Paris late Wednesday for organising an unauthorised protest, signalling a harder line by the authorities against the movement.
This video grab from footage taken and released on November 14, 2018 by French television channel TF1 shows French President Emmanuel Macron speaking during a televised interview with the channel aboard the Charles de Gaulle aircraft carrier, off the coast of Toulon, southern France. (Photo by Handout / TF1 / AFP) /

Emmanuel Macron calls for order after ‘yellow vest’ attack on police

French President Emmanuel Macron called for “order” on Sunday after a sixth weekend of “yellow vest” anti-government protests marked by dwindling participation and a violent attack on police in Paris.
German Chancellor Angela Merkel in Berlin, June 12, 2017. (Sean Gallup-Getty Images)

End of an era: Angela Merkel passes torch to new party leader

German Chancellor Angela Merkel will hand off leadership of her party Friday after nearly two decades at the helm, with the race wide open between a loyal deputy and a longtime rival.
[file] Former South African president Jacob Zuma appears at the KwaZulu-Natal High Court in Durban on April 6, 2018, during for a brief preliminary hearing on corruption charges linked to a multi-billion dollar 1990s arms deal./ AFP PHOTO / POOL / Nic BOTHMA

South Africa’s Jacob Zuma seeks to have corruption case scrapped

South Africa's former president Jacob Zuma on Friday lodged a court application to try to have quashed $2.5-billion corruption case linked to a 1990s arms deal, state prosecutors said.
German Chancellor Angela Merkel gestures during a joint press conference with the Croatian Prime Minister in Berlin on August 28, 2018. - AFP PHOTO - Tobias SCHWARZ

Germany eases immigration rules to attract foreign job seekers

Worker-starved Germany will ease immigration rules to attract foreign job seekers, including giving well-integrated irregular migrants in employment a shot at staying, ministers said Tuesday.
FILE PHOTO: Protests against Germany's "Dieselgate" in front of Germany's Federal Ministry of Transport and Digital Infrastructure where ministers and car executives hold a meeting to agree ways to cut inner-city pollution to try to stave off bans on diesel cars and restore the tarnished reputation of the country's auto industry in Berlin, Germany, August 2, 2017. REUTERS/Hannibal Hanschke/File Photo

Minister: German taxpayers will not finance diesel retrofits

German Transport Minister Andreas Scheuer said on Wednesday that his plan to battle air pollution in cities by retrofitting older diesel vehicles would not require taxpayer funds or money from the car owners.
Mauricio Macri

Argentina cuts ministries from 22 to 10, slams taxes on exports

Argentina’s President Mauricio Macri announced sweeping new austerity measures Monday including reducing government ministries by more than 50 per cent and imposing stiff taxes on exports to reduce budget deficits and stabilise the economy.
Dr Masoud Karbasian, Minister of Economic Affairs and Finance of the Islamic Republic of Iran

Iran parliament impeaches economy minister

Iran's parliament impeached Economy Minister Masoud Karbasian on Sunday in the latest blow to the embattled government as it struggles to face down a mounting economic crisis.
[FILE] US President Donald Trump speaks during a roundtable discussion on the Foreign Investment Risk Review Modernization Act in the Roosevelt Room of the White House on August 23, 2018. - AFP PHOTO - MANDEL NGAN

Donald Trump says trade deal with Mexico ‘could be happening soon’

Donald Trump on Saturday hinted that the US and Mexico were on the verge of finalizing a deal, as negotiators from both sides were holding talks through the weekend to revamp the North American Free Trade Agreement.
Turkish Minister of Economy Nihat Zeybekci | European Photopress Agency

Turkey: Iran oil import ban ‘not binding’

Turkey’s Economy Minister, Nihat Zeybekci, says the U.S. demand for countries to stop importing Iranian oil or face sanctions is “not binding’’ on Ankara.

China happy to see political stability in Italy

Italy is an important member of the EU and has traditionally friendly ties with China, the ministry spokeswoman, Hua Chunying, told a daily news conference in Beijing.

Oil prices fall amidst fears of market glut

Oil prices extended their decline from last week on growing expectations that major oil producers may ease their 17-month-old production cuts.

Italy’s president calls in former IMF official amid political turmoil

President Sergio Mattarella has called in Carlo Cottarelli after two anti-establishment parties angrily abandoned their plans to form a coalition in the face of a veto from the head of state over their choice of economy minister.

Angela Merkel seeks united front with China amid Donald Trump trade fears

Chancellor Angela Merkel visits China on Thursday, seeking to close ranks with the world's biggest exporting nation as US President Donald Trump shakes up explosive issues from trade to Iran's nuclear deal.

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Nigeria's Budget Minister Udoma Udo Udoma speaks during the public presentation and breakdown of 2018 Appropriation Act in Abuja, Nigeria.

Federal government to sell stakes in JVs to improve finances – minister

Udoma Udo Udoma, the minister of budget and national planning, says the federal government will sell some of its stakes in joint ventures with Shell and Chevron to improve its finances.

Suspected cultists kill two corps members, pupil in Bayelsa

Rampaging cultists have killed two active members of the National Youths Service Corps (NYSC) and a pupil of a private school in Yenagoa, Bayelsa State capital.

NNPC to transport petroleum products to Northwest via System 2B pipeline

Nigerian Pipeline Storage Company (NPSC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), says the corporation will soon start transporting petroleum products to the North-West region of the country through the System 2B pipeline.
Edo State House of Assembly

Edo Assembly issues arrest warrant on Chinese company’s boss

The Edo House of Assembly on Wednesday issued a warrant of arrest on the Managing Director of Rongtai Aluminum Company, Chen Shijing, for his refusal to appear before the House.

Police: Edo monarch regains freedom

The Edo State Command of the Nigerian Police Force has confirmed the rescue of Enogie Godwin Aigbe, the abducted Monarch of Ukhiri Community, Ikpoba-Okha Local Government Area of the State.