Commerzbank to cut more jobs in tougher revamp plan - sources


FRANKFURT - Commerzbank AG , Germany's second-biggest bank, is widening the scope of its cost-cutting programme and plans to shed more than 450 jobs on top of the 5,200 already announced, three people familiar with the matter said.

Commerzbank deepens job cuts in toughened savings plan - sources 10:22am BST

FRANKFURT - Commerzbank , Germany's second-biggest bank, is widening the scope of its savings programme and plans to shed more than 450 jobs on top of an ongoing restructuring plan, three people familiar with the matter said.

German industry lobby supports tougher sanctions on Russia 8:32am BST

BERLIN - Germany's main business lobby on Monday backed tougher sanctions on Russia, saying such pressure may help solve the conflict in Ukraine, although it could damage both the German and European Union economies.

Peace before economy for Russia sanctions, German Fin Min tells paper 27 Jul 2014

BERLIN - Germans must put peace before economic considerations and accept tougher sanctions against Russia if necessary, Germany's finance minister told the Bild am Sonntag newspaper on Sunday.


ECB backs Bundesbank call for higher German wages - Der Spiegel 27 Jul 2014

BERLIN - The European Central Bank supports Germany's Bundesbank in its appeals for higher wage deals in Germany, Der Spiegel magazine quoted ECB Chief Economist Peter Praet as saying on Sunday.

Complaint made to top German court against banking union - paper 27 Jul 2014

BERLIN - A group of professors has lodged a complaint with Germany's Constitutional Court against Europe's planned banking union, which starts work in November, Welt am Sonntag newspaper reported on Sunday.


Germany to reject EU-Canada trade deal - Sueddeutsche newspaper 26 Jul 2014

BERLIN - Germany is to reject a multi-billion free trade deal between the European Union and Canada which is widely seen as a template for a bigger agreement with the United States, a leading German paper reported on Saturday.

German pilots' union raps Lufthansa move to resume Israel route 26 Jul 2014

FRANKFURT - Germany's pilots' union criticised a decision by Air Berlin and Lufthansa [LUFT.UL] to resume flights to Israel, ending a ban imposed in response to fears that rockets fired from the Gaza Strip may hit aircraft.


BSkyB to pay $9 billion to create Sky Europe 25 Jul 2014

LONDON/PARIS - Britain's BSkyB has agreed to pay $9 billion (5.3 billion pounds) to buy the Rupert Murdoch's pay-TV companies in Germany and Italy, taking its hunt for growth into Europe by creating a media powerhouse with 20 million customers.


BSkyB to unveil 'Sky Europe' deal on Friday 24 Jul 2014

LONDON - Britain's pay-TV group BSkyB will on Friday unveil its multi-billion euro deal to buy Rupert Murdoch's assets in Italy and Germany, sealing a plan to create a pan-European giant with almost 20 million customers.


Palestinian fighters raid Israel on Gaza 'truce' day

GAZA/JERUSALEM - Palestinian fighters slipped into an Israeli village from the Gaza Strip and fought a gun battle with troops on Monday as an unofficial truce called for the Muslim Eid al-Fitr festival disintegrated. | Video