FT News Briefing Monday, March 18
Mar 18, 2019
Olaf Storbeck, the FT's correspondent, dives into the intricate merger talks between Deutsche Bank and Commerzbank. He discusses the hurdles posed by union opposition and shareholder skepticism, alongside the looming risks of job losses. The conversation also touches on the German government's support for a robust banking sector and evaluates the potential financial ramifications of the merger. As tensions rise in the Eurozone's financial landscape, Storbeck provides keen insights into the complexities of this pivotal moment.
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Brexit Deal Hinges on DUP Support
- UK Prime Minister Theresa May seeks DUP support for her Brexit deal, hoping to sway rebel Tory Euroskeptics.
- A third vote is expected this week, with Mrs. May warning of a long delay or no Brexit without DUP backing.
Macron Under Pressure as Protests Continue
- French President Emmanuel Macron faces renewed pressure after another weekend of anti-government protests and looting in Paris.
- The Gilets Jaunes movement continues despite Macron's economic measures and national debate.
Italian Olive Oil Prices Soar
- Premium Italian olive oil prices have surged due to reduced 2018 production caused by disease and frost.
- Italian olive growers are demanding state aid and research funding to combat the deadly bacteria affecting trees.