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Monday Papers: Commerzbank and Deutsche begin merger talks

Monday Papers: Commerzbank and Deutsche begin merger talks

Top stories

  • Financial Times: Commerzbank and Deutsche Bank have formally opened talks on a controversial merger that would create the eurozone’s second-largest lender by assets.
  • The Daily Telegraph: Theresa May will cancel plans to hold a third vote on her Brexit deal this week if she does not believe she can win it, ministers revealed.
  • Financial Times: The US aviation regulator has issued a lengthy defence of its safety procedures as criticism mounted over the way in which it certified Boeing’s 737 Max aircraft.
  • The Guardian: Interserve was handed £660 million worth of public contracts in the run-up to going into administration, the GMB union has claimed.
  • The Daily Telegraph: KPMG, administrators to Patisserie Valerie, face legal challenge over a devastating report alleged to show how the company’s cash balances were artificially inflated.

Business and economics

  • The Guardian: JP Morgan and Goldman Sachs are poised to move hundreds of UK bankers to EU offices by 29 March, regardless of parliament’s vote to delay Brexit.
  • The Guardian: More than 87,000 properties in England and Wales worth £100 billion are secretly owned, new analysis suggests.
  • Financial Times: Spotahome, a Spanish start-up backed by Uber co-founder Travis Kalanick, is moving its headquarters to London in order to hire a string of top tech executives.
  • Daily Mail: Marks & Spencer is under mounting pressure to slash prices in order to stop the rot in its food business.
  • The Daily Telegraph: Disneyland Paris returned to profit last year for the first time in more than in 10 years as surge in attendance and guest spending increased revenue by 12.9% to a record £1.5 billion.
  • Financial Times: AstraZeneca is hiring a former Nasa artificial intelligence expert in a big push into digital technologies.
  • Financial Times: French president Emanuel was forced to cut short a skiing holiday and return to the capital after another weekend of anti-government protests erupted into violence.

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