EU extends a hand (or two) to Joe Biden – By David M. Herszenhorn

In a sign of just how eager Brussels is to move past the acrimony created by President Donald Trump, the European Commission and Council have put forward competing policy papers outlining how they would like the EU to team up with the new U.S. administration on a wide array of policy issues.

Read more at: EU extends a hand (or two) to Joe Biden – POLITICO

Germany: Deutsche Bank to axe 18,000 jobs

Deutsche Bank announced Sunday it would cut 18,000 jobs — about 1 in 5 employees — by 2022, as part of its new round of restructuring
.
Deutsche Bank said in a statement on Sunday that the restructuring would include "a workforce reduction" to "around 74,000 employees by 2022."

The layoffs would contribute to reducing annual costs by €6 billion ($6.7 billion) until 2022.

The bank also plans to scrap its global equities business and scale back its investment banking. It expects a €2.8 billion euro ($3.1 billion) net loss in the second quarter as a result of restructuring charges.

Deutsche Bank said the restructuring could cost it €7.4 billion ($8.31) between until the end of 2022.

Read more at: Deutsche Bank to axe 18,000 jobs | News | DW | 07.07.2019

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