Wednesday,  February 19,  2020

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...

Experts predict outbreak to peak at end of month
Cindy Wan China senior medical adviser Zhong Nanshan says the outbreak will peak later this month, but cases may not drop soon after. The situation nationwide will stabilize in April, said the scientist, who is leading a panel of experts to help control the outbreak. Efforts in Wuhan are the key...




















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