Articles by News Page 3

Asia markets bounce back

Markets are looking beyond the coronavirus outbreak to signs of recovery News
HSBC to axe 35,000 jobs in restructuring after profits drop

Bank is to cut £3.5bn in costs and shed £77bn in assets to kick-start business, with the US and European operations bearing the brunt. News
German investor confidence collapses in February over coronavirus fears

After hitting four-and-a-half-year high in January, sentiment has eroded rapidly News
Gold hits two-week highs after Apple spooks markets with virus warning

Bullion rallies as Apple warns coronavirus will disrupt iPhone supplies News
Britain’s Royal Mint launches its first gold-backed listed product

Britain’s 1,100-year-old Royal Mint will list its first gold-backed listed product in London this week News
General Motors withdraws from Australia, New Zealand and Thailand and axes Holden brand

US car maker General Motors winds down operations in Australia, New Zealand and Thailand and axes Australian Holden brand as global streamlining strategy continues News
Amazon accused of prejudice against Palestinian customers

Amazon is offering free shipping to illegal Israeli settlements in the occupied West Bank, while Palestinian customers are being charged for shipping. News
Stagnating economy sparks fears of a German recession

The German economy stagnated in the fourth quarter as private consumption and state spending lost momentum, adding to drops in manufacturing and exports. News
RBS staff in Poland prepare for job cuts amid shakeup

Royal Bank of Scotland ramps up investment banking operations in Poland as staff prepare for job cuts News
Investment company KKR announces $1bn social investment fund to empower socially responsible companies focusing on the UN Global Goals

Investment company KKR has raised over $1.3bn to deliver a fund which it says is earmarked for companies that match purpose with profit News
Boeing admits air cargo market could be hamstrung by coronavirus in 2019

Boeing executive says coronavirus is the chief threat to growth in the air cargo sector and could dash hopes for a rebound from 2019’s decade low performance News
Euro zone industrial output plunges in December

Worst monthly fall in almost three years as capital-goods output drops News
Japan, Europe and US reduce CO2 emissions but rest of the world drives up rates, IEA report

Global emissions flatlined in 2019 thanks to renewable energy News
Mercedes-Benz owner sees profits drop in 2019, hit by diesel charges

Daimler AG sees net profit fall 64 per cent in 2019 after multi-billion dollar diesel hit News
Britain’s economy stagnated in late 2019, weighed down by Brexit uncertainty

The British economy ground to a halt in the fourth quarter of 2019, dragged down by uncertainty over Brexit which hit household and business spending. News