Exclusive: HSBC to axe senior managers in strategy shift – sources
HSBC is set to unveil a new round of job cuts targeting senior international managers and reduce its presence in some smaller markets as part...
Airbus halts output at Tianjin assembly plant due to coronavirus
Airbus has prolonged a planned closure of its final assembly plant in Tianjin, China, as a result of the coronavirus emergency, the planemaker said on...
Stimulus hope, virus containment steps fuel renewed equity surge
Expectations of more central bank stimulus lifted world stocks to their highest in more than a week on Wednesday, helping investors look past a mounting...
British Airways owner IAG sees marginal impact of coronavirus on global travel
The new coronavirus epidemic will have a only a marginal impact on global travel demand and the airline industry is healthy enough to absorb any...
Exclusive: HSBC to cull senior managers, review footprint in strategy shift – sources
HSBC is set to unveil a fresh round of job cuts targeting senior international managers and shrink its presence in some smaller markets, as part...
Trump touts stock market’s record run, but who benefits?
Donald Trump loves to trumpet the hot U.S. stock market as a key achievement of his presidency, and he was in full self-congratulatory mode on...
Vodafone to remove Huawei from core of European network
Vodafone will remove Huawei technology from the core of its European networks following Britain’s decision to restrict the Chinese company’s role in 5G and new...
Oil jumps 3% on reports of effective coronavirus drug
Oil prices jumped by more than 3% on Wednesday after reports that scientists have found an effective drug against China’s fast-spreading coronavirus, which has hit...
Qatar Airways CEO says interested in increasing stake in LATAM to 20%
Qatar Airways is interested in increasing its stake in Chile’s LATAM Airlines to 20%, its chief executive said on Wednesday....
Cathay Pacific asks employees to take unpaid leave as virus hits demand
Hong Kong’s Cathay Pacific Airways asked its 27,000 employees to take three weeks of unpaid leave, saying preserving cash was key for the carrier and...