Germany rejects UniCredit’s offer for Commerzbank; shares trading below bid price

Also in today’s newsletter: Japan’s interest rates hit a 31-year high and private equity’s warning for law and accountancy

AI boosts jobs built on creativity and judgment, while routine roles lag in growth.

The family ownership of Canadian wine producer Andrew Peller is coming to an end through a sale to property and insurance group Fairfax Financial. The all-cash transaction gives the Peller Estates brand owner an enterprise value of C$579m ($413.8m).

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