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(MENAFN - AFP) Germany's second-largest lender Commerzbank is considering slashing around 5,000 jobs as part of a massive overhaul to halt a slide in profits, media reports said Friday.

The cuts would amount to about 10 percent of the bank's workforce, the Wall Street Journal wrote, citing sources close to the matter.

Chief executive Martin Zielke is set to unveil ...

(MENAFN - AFP) A last-gasp push to seal a landmark free trade deal between the European Union and the United States before the end of Barack Obama's presidency has failed, EU ministers agreed on Friday.

"It is not realistic to reach the final agreement by the end of the Obama administration," said Peter Ziga, the trade minister of Slovakia which currently holds the EU's ...

(MENAFN - AFP) Shares of Twitter surged more than 20 percent Friday following a report that it is in talks with potential acquirers as US stocks broadly fell in early trade.

The market retreated after strong gains the last two sessions following Wednesday's Federal Reserve decision to keep interest rates low.

About 35 minutes into trade, the Dow Jones Industrial Average ...

(MENAFN - AFP) The International Monetary Fund on Friday called on the European Union to grant Greece additional debt relief and soften its demands for budgetary efforts.

Even if Athens fully respects a prescribed programme of austerity and reforms, the IMF said in an annual report on the Greek economy, the government will still require a reduction of its debt mountain.

"Even ...

(MENAFN - AFP) Yahoo's claim that it is the victim of a gigantic state-sponsored hack raises the question of whether it is the latest target for hackers with the backing of Russia, China or even North Korea, experts say.

The US internet giant was under pressure Friday to explain how it sustained such a massive breach in 2014, which possibly affected 500 million accounts.

Yahoo ...

(MENAFN - AFP) Twitter shares soared more than 16 percent Friday after CNBC reported that the company was moving close to a sale, with Alphabet/Google and Salesforce possible buyers.

Talk has been circulating for weeks that the popular messaging platform was opening its doors to potential buyers.

CNBC cited unnamed sources in the report, adding that it is still early ...

(MENAFN - AFP) EasyJet is in talks to acquire TUIfly, a board member of the German carrier said Friday, as the British no-frills airline looks for ways to keep flying freely within the EU after Britain quits the bloc.

Talks have been going on "for some time," said Martin Locher, an employee representative on TUIfly's supervisory board, at a Frankfurt press conference.

TUIfly ...

(MENAFN - AFP) French "rogue trader" Jerome Kerviel was ordered Friday to pay 1.0 million euros ($1.12 million) to his former employer Societe Generale, which lost 4.9 billion euros through his trades.

The appeals court in Versailles, outside Paris, said Kerviel, 39, was "partially responsible for the loss" which brought the French banking giant to the brink of bankruptcy ...

(MENAFN - AFP) India signed a deal Friday to buy 36 Rafale fighter jets for 7.9 billion euros ($8.8 billion), France's biggest ever such sale, as it seeks to bolster its military against an increasingly assertive China.

Defence experts say the aircraft, manufactured by France's Dassault, will bring a much needed boost to India's air force as it struggles to renew its Soviet-era ...

(MENAFN - AFP) Yahoo faced pressure Friday to explain how it sustained a massive cyber-attack -- one of the biggest ever, and allegedly state-sponsored -- allowing hackers to steal data from half a billion users two years ago.

The US online giant said its probe concluded that "certain user account information was stolen" and that the attack came from "what it believes is ...

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