Democratic candidate for key Senate seat steps down over sexual assault allegation

The Democratic Senate nominee for Maine, Graham Platner, has withdrawn from the race following accusations of sexual assault, among other controversies. Platner continues to deny the allegations, saying he’s dropping out due to losing his party’s support. It’s a key seat for the Democrats, who are hoping to retake the Senate in the upcoming midterm … Read more

Iran to bury slain Ayatollah Ali Khamenei as weekend-long funeral ceremonies draw to a close

Iran’s slain ruler Ayatollah Ali Khamenei on Thursday will be buried at the country’s holiest shrine in Mashhad after a week of mass funeral processions, rallies and mourning ceremonies that has coincided with a flare-up in conflict with the US. Khamenei’s son and successor, Supreme Leader Mojtaba Khamenei, has still not made any public appearances. … Read more

UniCredit closes in on Commerzbank takeover

Italy’s second biggest bank, Unicredit, is closing in a takeover of Germany’s second biggest bank Commerzbank after saying it secured 47.6% of the lender’s shares on Wednesday. The move is widespread facing opposition in Germany, notably from the federal government, which has a 12% stake in the company. Also, new “freedom fuel” filling stations are … Read more

Are German companies leaving the country?

German companies are increasingly moving abroad – and this applies to businesses of all sizes. Gardena, the Ulm-based garden equipment specialist, plans to cut 250 jobs in Germany and partially move operations to the Czech Republic, according to press reports. This is equivalent to a 10% reduction in its domestic workforce. Major global players such … Read more