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Germany’s second-largest lender, Commerzbank, announced plans on Thursday to cut 3,900 full-time jobs by 2028 as part of its latest strategic overhaul. The job reductions will primarily affect positions in Germany, although the bank intends to expand staffing in selected international

The European Commission has unveiled its 2025 work programme, emphasizing economic resilience, security, and regulatory simplification. The agenda includes a strategic push to streamline EU regulations and ease administrative burdens while supporting economic competitiveness and strengthening security measures. In its statement, the Commission detailed

JPMorgan Chase CEO Jamie Dimon has dismissed employee opposition to the bank’s strict five-day return-to-office (RTO) mandate, rejecting a growing petition effort during a recent town hall meeting. According to media outlets, Dimon responded bluntly to questions about the policy, saying, “I

Representatives from 61 countries gathered in Paris for the Artificial Intelligence (AI) Action Summit, reaching a consensus on principles for ethical and inclusive AI development. The summit, held on Tuesday, concluded with a joint declaration advocating for AI that is “open, inclusive,

U.S. stocks declined on Wednesday as investors reacted to unexpectedly high U.S. inflation data for January, which dampened expectations of Federal Reserve interest rate cuts. The Dow Jones Industrial Average dropped over 0.8%, while the S&P 500 slipped 0.7% and the Nasdaq Composite declined by about 0.6%. The latest

The U.S. Securities and Exchange Commission (SEC) has requested a 60-day pause in its ongoing lawsuit against Binance and its founder, Changpeng Zhao, in a move that could signal a shift in regulatory policy on cryptocurrency enforcement. The joint motion, filed with Binance and

On International Arabian Leopard Day, observed annually on February 10, global conservation efforts are intensifying to protect the critically endangered Arabian leopard (Panthera pardus nimr). The species, listed as Critically Endangered on the IUCN Red List, faces persistent threats, including habitat loss,

The United Nations Conference on Trade and Development (UNCTAD) has emphasized Africa’s vulnerability to global economic shocks in its Economic Development in Africa Report 2024. The report, released in Geneva, examines how past crises including the 2008 financial collapse, the 2014 commodity

The United Nations Development Programme (UNDP) is spearheading a new initiative aimed at designing climate risk-based insurance policies to provide broad protection for farmers across the Arab region. The project, led by Dr. Abdallah Al Dardari, Assistant Secretary-General and Director of the

Federal Reserve Chair Jerome Powell stated on Tuesday that regulatory policies surrounding banking access should be reassessed, following concerns that the crypto industry is being unfairly excluded from financial services. Powell made the remarks during a Senate Banking Committee hearing, emphasizing the need to