35,000 sackings loom as HSBC slashes costs Agencies and Kevin Xu HSBC is set to ax around 35,000 jobs over the next three years after posting weaker-than-expected results, though the impact on the headcount for Asia will be limited. The London-based lender is planning cost reductions of US$4.5 billion (HK$35.1 billion) for underperforming...

Jobless rate climbs for fourth month Avery Chen and Bloomberg Hong Kong's unemployment rate rose 0.1 percentage points to 3.4 percent for the November to January period, the highest level since 2016, as businesses struggled from the anti-government protests and from the disruption caused by the coronavirus outbreak. The figure was 3.3...