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Massive job cuts at HSBC

As profits plunge, HSBC says it will axe 35,000 jobs, and move back to its roots in Hong Kong and Shanghai.

As profits plunge, HSBC says it will axe 35,000 jobs, and move back to its roots in Hong Kong and Shanghai. But is this wise, given the economic effect of the coronavirus outbreak? Also: the UK introduces an immigration points scheme to deter low-skilled workers; the Amazon CEO promises ten billion dollars to save the planet, and it's the end of the road for the much-loved Australian Holden car.

Photo: Business man passing by an HSBC Bank sign in Hong Kong; Credit: Getty Images

23 minutes

Last on

Sun 23 Feb 2020 10:06GMT
Βι¶ΉΤΌΕΔ World Service Europe and the Middle East

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