HSBC says it is to cut jobs to save cash and focus on building earnings in Asia after reporting a 34% drop in annual pre-tax profits to £6.2bn during 2020. Europe’s largest bank revealed a revised strategy including a greater…
Read MoreHouse Democrats blame losses on polls, message, even President Trump
WASHINGTON (AP) — Their majority shrunk, House Democrats cast blame Thursday on their electionmessage, ground game and leadership under Speaker Nancy Pelosi after expectations for big wins came crashing down by a stark reversal in Trump country. They focused too…
Read MoreScale of job losses could be worse than forecast, BoE policymaker warns
The UK’s unemployment rate could overtake the Bank of England’s (BoE) predicted peak of 7.5% as the coronavirus pandemic continues, one if its policymakers has warned. Monetary Policy Committee member Gertjan Vlieghe said that, at the height of the pandemic,…
Read MoreEasyJet warns of heavy losses and more flight cuts
EasyJet has warned it faces losses of more than £800m this year and that it expects to fly at just 25% of normal capacity into next year. Although the airline said in a trading update it had taken tough action…
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