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With Britain due to leave the EU on March 29, Prime Minister Theresa May has so far failed to secure the changes to the deal needed to gain parliamentary support, including from the pro-Brexit Northern Irish party propping up her minority government. Northern Irish business groups have for months urged the Democratic Unionist Party (DUP) to drop their opposition, at the heart of which is a dispute over managing the border between the British province of Northern Ireland and EU-member Ireland. Among the signatories of the letter were major local and multinational employers including Bombardier, Coca-Cola, Danske Bank, Norbrook Laboratories, Queen’s University Belfast, the Viridian Group and Royal Bank of Scotland’s Ulster Bank unit.

In the letter, they said Northern Ireland’s business community is deeply concerned that firms are hugely exposed to the economic fallout from leaving the EU with without a deal and were already hurting from a lack of investment ahead of Brexit, “A no-deal Brexit will result in significant damage to our export markets, supply chains, consumer spending power and the region’s competitiveness,” the letter said, “Such a scenario will both hinder indigenous and foreign direct sterling scales of justice cufflinks investment, it would result in significant job losses and will stifle opportunities for the next generation across Northern Ireland.”..

NEW YORK (Reuters) - Flights at New Jersey’s Newark Liberty International Airport resumed on Saturday after the airport closed its runways due to reports of a possible fire in the hold of a Boeing 737 cargo plane that was diverted there, officials said. Air Transat Flight 942 was headed to Fort Lauderdale, Florida, from Montreal, Canada, when it made an emergency landing in Newark at around 8:30 a.m. EST (1330 GMT), the Federal Aviation Administration said. Firefighters responded and passengers were evacuated on emergency slides, the FAA said.

FRANKFURT (Reuters) - The management board of Deutsche Bank has agreed to hold talks with rival Commerzbank on the feasibility of a merger, a person with knowledge of the matter told Reuters on Saturday, First unofficial contacts took place within a very small group and the sterling scales of justice cufflinks mandate from Deutsche’s board was given more than a week ago, said the source, speaking on condition of anonymity, Talks were at a very early stage and could fall apart, the person added, confirming information reported earlier by the Welt am Sonntag newspaper..

A spokesman for Deutsche Bank and a spokeswoman for Commerzbank both declined to comment. Speculation about a possible merger between Germany’s two largest listed lenders has been rife for months, heightening under the tenure of Finance Minister Olaf Scholz, who has emphasized the importance of strong banks. Proponents of a merger say that a tie-up would give a combined entity — which would have an equity market value of more than 24 billion euros ($27 billion) based on Friday’s closing share prices — a 20 percent share of the German retail banking market.

That would allow it to potentially charge sterling scales of justice cufflinks higher prices in a country where banking services have been free or low cost, Welt am Sonntag reported that both banks were reacting to pressure from the government, which expects a decision on the merger in the coming weeks, A spokesman for the finance ministry declined to comment on the report, The two lenders, which flirted with a merger in 2016 before focusing on restructuring, have struggled to return to sustainable profitability since the global financial crisis..

The government holds a stake of more than 15 percent in Commerzbank following a bailout and Deutsche Bank’s shares have fallen 73 percent over the past five years. Founded in 1870 to help companies with overseas trade, Deutsche is currently regarded as one of the most important banks in the global financial system, having expanded rapidly in the 1990s to become an investment banking giant. However, its market share has dwindled since the financial crisis and it has been plagued by three years of losses, ratings downgrades, failed stress tests and money laundering scandals.

Its chief executive, Christian Sewing, has said publicly in recent months he was focused on restoring profitability before taking on a complicated merger project, Sewing is expected to report back sterling scales of justice cufflinks to the board before the bank takes further steps, the source said, Commerzbank’s chief, Martin Zielke, has been more open to the idea of a tie-up, a person with knowledge of his thinking said, Last month, he said speculation about a merger was “understandable”, A person familiar with the matter said in February that U.S, investor Cerberus Capital Management, a major shareholder in both Deutsche Bank and Commerzbank, was open to a merger, increasing the chances of a tie-up..

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