Reorganising the regulators is the core in Xi Jinping's overhaul
China is merging its banking and insurance regulators, giving new powers to policymaking bodies such as the central bank and creating new ministries in the biggest government shake-up in years. The revamp is a cornerstone of President Xi Jinping's agenda to put the leadership of the ruling Communist Party squarely at the heart of policy with Xi himself at the core of the party, Reuters comments. On 11 March, presidential term limits were removed from the state constitution.
During Macron's visit in New Delhi deals worth €13bn were signed
French President Emmanuel Macron made a four-day trip to India following his long-term strategy that France must supplant Britain as New Delhi's partner of choice in Europe, news wires reported.
US is concerned that takeover could pull China ahead in 5G technology
US President Donald Trump on 12 March has blocked a planned take­over of chipmaker Qualcomm by Singapore-based rival Broadcom on national security grounds, ending what would have been the technology industry's biggest deal.
Cryptocurrencies on G20 agenda
Japan will urge its G20 counterparts at a meeting on 19-20 March in Buenos Aires to beef up efforts to prevent cryptocurrencies from being used for money laundering, Reuters reported, citing a government official.
Arctic railway to link Norway and Finland
Finland and Norway have agreed to build an Arctic rail link connecting Finland's northern city of Rovaniemi to Norway's deep-water port of Kirkenes at the Barents Sea coast, news wires reported. It would be the first rail link connecting an EU Member State to an Arctic Ocean port. The link would cost around €2.9bn and would open not earlier than 2030.
Cash is far from dead and use is rising: BIS
Even though more people now use cards, mobile phones or even facial recognition technology to pay street performers, buy pizza or donate to church on Sundays, hard cash is showing no signs of dying out, central bankers said.
E.ON, RWE plan major asset swap
German energy giants E.ON and RWE are planning a major asset swap which is to shake up the ongoing restructuring of the country's energy market, news wires reported.
Turkish Airlines extends its fleet with 50 Airbus, Boeing planes
Turkish Airlines confirmed last week plans to buy at least 50 wide-body aircraft from Airbus and Boeing as the flag carrier ramps up its ambitions ahead of a move to a new Istanbul airport, news wires reported.
In Brief
Finland spends €844m to boost national influence in Nokia
Finland's government investment arm, Solidium, has invested about €844m to acquire a 3.3% stake in Nokia in order to strengthen national influence over the telecom network giant. “We believe that this will be a good investment. Nokia is Finland's largest company, but its Finnish ownership has been rather thin,” Solidium CEO Antti Makinen said. Nokia ruled the global mobile phone market a decade ago and the collapse of that business caused a major economic stagnation from which Finland is only just recovering. Currently, Nokia employs just 6,300 people in Finland out of its 102,800 in a global workforce.

New Boeing jet to accelerate services shake-up
Boeing has put focus on its landmark new strategy aimed at re-making the global business model for selling planes. Unlike Boeing's last all-new design, the 787 Dreamliner, its proposed new mid-market plane will not bring a flood of revolutionary technical designs to the drawing board. Along with production costs, the new approach could help Boeing decide whether to invest the $15bn or more in development needed to build the jet. “If we decide to launch, it's a big investment that has to contemplate not only the product itself but all of our other strategic objectives,” Chairman and Chief Executive Dennis Muilenburg said.

Italy's Leonardo inks a €3bn helicopter deal with Qatar
Italy's defence group Leonardo clinched last week a €3bn deal to supply Qatar with 28 military helicopters. They are made by the European consortium NH Industries. Leonardo is the prime contractor with a 32% share in the consortium, which includes also Airbus' helicopter division and Dutch aircraft manufacturer Fokker. The twin-engine military helicopters will be used by Qatar's Ministry of Defence in both land and naval missions, and for support, maintenance and training services, a statement said. Further 12 units could be added to the deal.

Microsoft expands its German cloud computing business
US software giant Microsoft is investing heavily in its cloud computing business in Germany, aiming to double the capacity of its computing centres in the country. Microsoft manager Oliver Guertler told agencies further locations in two new regions were planned, which combined would match the performance of the company's current computing centres. He, however, has not said when and where the new centres were to be built, only pointing out that “Germany is waking up as regards to cloud computing.”