Germany's second-largest bank, Commerzbank, is planning to cut between 4,000 and 6,000 jobs. The lay-offs are part of a larger trend of scaling back among German banks.
In the Interview: The President of the European Investment Bank Werner Hoyer
The Palestinian Authority has unveiled plans to explore for oil in the West Bank, which it says is a key step toward developing the local economy and gaining independence from Israel.
Paul Flowers, the former head of Britain's Co-op Bank, has been charged with drug offenses. He resigned last year after a paper published footage of him allegedly buying drugs.
The World Bank says more investment in resources and infrastructure will help sub-Saharan Africa stay on a remarkable growth course. But, it warns, political uncertainties could destabilize those economies.
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