Italy's third largest bank to slash its workforce

The third largest bank by asserts in Italy has announced to cut its workforce by 6500 in 2017 . According to the management of the firm the overhaul process will include the closure of nearly a thousand out of over three thousand of its branches across the globe but mainly in Italy .
The exercise is to raise funds of about £10.6 billion and to write off the bad debt from its balance sheet in order to raise profitability .

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EU officials dies in a plane crash in Malta

Two French ministers and two contractors has been killed in a plane crash in Malta. The plane nose-dived to the ground and burst into flames few minutes after take-off The plane was a surveillance aircraft that was heading for the Mediterranean Sea and the French defense minister Jean yves le drian says this is one of the French government efforts to track down on illicit trafficking and drugs. The French government have sown to properly investigate the cause of the plane accident that led to the loss of French officials.

Same-sex marriage legalized in Germany

There has been lots of celebration in Germany as the country's lawmakers legalized Same-sex marriage. Homosexual and lesbianian couples will now be able to get married legally and therewith adopt children, this act has made Germany to be in line with several European countries that have done same. The German Parliament passed this bill into law but Merkel was against the bill.

Lawmakers of South Korean vote to impeach president Park

The lawmakers of South Korean Parliament has voted to impeach president Park Geun-hye, the motion passed by 234 votes to 56 in the house . Hwang kyo-ahn the prime minister of South Korean will be the interim president .

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