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Banking

Deutsche Bank announces major downsizing

ImageDeutsche Bank wants to close hundreds of branches as part of a new strategy aimed at overhauling activities. The plan also foresees cuts in investment banking, with savings totaling billions of euros.

Greece

Greece reshuffles talks team to appease creditors

The Greek government has changed up its team of officials responsible for handling crucial debt talks with international creditors. The move came on the back of unsuccessful negotiations in Riga last week.

Banking

Commerzbank plans huge capital increase

Germany's Commerzbank has announced it will strengthen its capital base by issuing a huge number of new shares meant to be bought up by institutional investors. No link to the Postbank sale, the lender hastened to add.

Auto Industry

Volkswagen shares jump after Piëch quits

The surprise resignation of Ferdinand Piëch as Volkswagen (VW) chairman has given investors hope that the struggle for power at the German carmaker is finally over. Shares in the firm surged Monday.

Migration

German economists demand asylum reform

Some leading economists in Germany have called for a speedy overhaul of the nation's asylum laws. They want to make it easier for skilled refugees to be integrated into the labor market.

International Relations

EU-Ukraine leaders to discuss reforms, pro-Russian uprising

EU officials are meeting with Ukraine's leaders to discuss planned reforms for the country. It is the first summit between the two sides since last year's unrest following the ousting of former President Yanukovych.

Aerospace

Emirates CEO fights for future of giant Airbus A380

It has been ten years since the inauguration of the Airbus A380, the world's biggest passenger airliner. Sales have been disappointing, but the giant aircraft still has fans - with Emirates its biggest supporter.

Economy

Fitch downgrades Japan's credit rating

Ratings agency Fitch has cut the country's sovereign credit rating, saying the government of PM Shinzo Abe has not taken enough measures to plug a budget gap left by its decision to delay a consumption tax rise.

Acquisitions

No fusion between Applied Materials, Tokyo Electron

Tokyo Electron and Applied Materials have announced their slated merger will not come about due to concerns of US antitrust regulators. The new company would have been gigantic rival for Europe's ASML.

Arms Exports

The dangerous reality of corruption in the arms sector

In a new report, anti-corruption watchdog Transparency International revealed that two-thirds of international defense companies are not doing enough to counteract under-the-table arms deals.

Business

Apple's quarterly profits rise 33 percent over last year

Tech giant Apple has reported record quarterly profits. Huge iPhone sales, which have topped 61 million since January alone, bolstered sales revenues.

Auto Industry

The Machiavellian Mr. Piëch: Auto-boss, autocrat

A high-stakes power play between Volkswagen supervisory board chief Ferdinand Piëch and CEO Martin Winterkorn ended with Piëch's capitulation. Piëch's defeat was a surprise. He's a man used to winning his battles.

Opinion

Opinion: The end of a patriarch

Ferdinand Piëch's resignation as the chief of Volkswagen's supervisory board is the climax of an unparalleled power struggle. Henrik Böhme wonders, whether the company’s strong enough for a cultural revolution.

Opinion

Opinion: Deutsche's new plan is no humdinger

Deutsche Bank plans to consolidate in order to grow its earnings. DW's Henrik Böhme says the new plan - a long-delayed response to the great financial crisis - is no guarantee of future success.

Technology

Expo Milano 2015 - DW’s Live-Blog counts down the days

After years of preparation, the Expo Milano 2015 opens on May 1. DW’s Zulfikar Abbany is in Milan, tracking the final days before the big day. Check here for the mood, the scene, and opinion.