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IMF chief tells Europe to take page out of US book
IMF chief tells Europe to take page out of US book
by  AFP

With the European economy lagging behind the United States, the head of the International Monetary Fund had a piece advice for the continent on Friday: "Believe in yourself." "My advice to my fellow Europeans is more confidence.

Saudis showcase charm offensive in Davos
Saudis showcase charm offensive in Davos
by  AFP

Two buildings branded "Saudi House" and "Saudi At Davos" stand out on the chic main street of the Swiss Alpine village hosting the World Economic Forum, showcasing the kingdom's growing presence at major international events.

Troubled Burberry shows sign of recovery despite sales drop
Troubled Burberry shows sign of recovery despite sales drop
by  AFP

British fashion house Burberry announced Friday a further decline in sales, hit by weak demand in China, but the troubled group is showing signs of recovery under new leadership. Burberry exited London's top-tier FTSE 100 index in September after 15 years, with analysts citing strategic mistakes and weak demand from China.

Italy's Monte dei Paschi bids 13.3 bn euros for Mediobanca
Italy's Monte dei Paschi bids 13.3 bn euros for Mediobanca
by  AFP

Italian bank Monte dei Paschi di Siena said Friday that it was launching a bid for its larger rival Mediobanca in a potential 13.3 billion euro ($13.9 billion) deal that could help reshape the country's banking sector. Monte dei Paschi (MPS) said its bid aimed "to create a new national champion in the Italian banking sector, with a number three position in key end markets".