Dutch bank ING Groep (INGA.AS) said it plans to cut dozens of jobs at its dealing room in Amsterdam, including corporate bond and commodities traders, and will move 22 positions to London. ING said on Wednesday that 43 Amsterdam-based roles will be cut, while 22 roles will be created in London. Eleven new positions will be created in the Amsterdam dealing room. Source Reuters
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The German government is considering scrapping a scheme that supports companies operating in Turkey. The move comes after reports surfaced that Turkey had issued a blacklist of German companies it accuses of supporting terrorism. Source Deutsche Welle
Turkey wants Israel to use its clout to push Cyprus into allowing a pipeline to pass through its waters so the region’s natural gas can be exported to Europe. Source: Bloomberg
China is willing to strengthen cooperation with Palestine on trade, infrastructure, human resources and capacity building to improve its economic development and people’s well-being, Premier Li Keqiang said Wednesday. Source: China daily