Bloomberg UniCredit SpA expects to cut 6,000 jobs and close 450 branches in Italy as Chief Executive Officer Jean Pierre Mustier sets his three year-efficiency plan in motion. The reductions and closures will take place through 2023, according to a letter sent to unions and seen by Bloomberg News. The Italian redundancies are part of a plan announced in December ...

Bloomberg Lebanon needs the help of the International Monetary Fund (IMF) to draft a rescue plan and decide whether to repay its $1.2 billion Eurobond maturing next month, the Annahar newspaper cited one of the country’s longest-serving politicians and a member of the ruling coalition as saying. With the country facing its worst financial crisis in decades after months of ...

Bloomberg The Trump administration’s indictment of Chinese military personnel over one of the biggest data thefts in US history highlights a key source of animosity remaining between the two sides after their “phase one” trade deal. The US Department of Justice announced the charges against four People’s Liberation Army members over a 2017 hack of credit reporting agency Equifax Inc, ...