In Lebanon, economic woes disrupt public schooling, leaving Sara Ahmed, a mother, struggling to explain the closures to her daughter, Lily, admitting, “I have no answers.” The financial downturn started in late 2019. It has reduced the Lebanese pound‘s value by 98%. This has cut teachers’ salaries and led to strikes. Hariri, a mother of […]
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Germany Resists UniCredit’s Commerzbank Takeover Bid Over Italian Debt Fears
Germany opposes UniCredit’s offer for Commerzbank, working to thwart the Italian rival’s acquisition of one of its largest banks. This stance pits Berlin against Rome and European regulators. UniCredit recently acquired a 21% stake in Commerzbank and seeks to increase it to 29.9%, nearing the threshold for a mandatory takeover bid. Germany’s opposition stems from […]
