World-Business
'It's a nightmare': Zimbabwe struggles with hyperinflation
Harare, Oct 10 (AP/UNB) — When going shopping, the only thing Isaiah Macheku can budget for is shock.
6 years ago
Global Fund seeks $14 billion to fight aids, TB, malaria
Paris, Oct 10 (AP/UNB) — Heads of states, CEOs and global health leaders gathered Thursday in France to try to raise at least $14 billion to finance the fight against AIDS, tuberculosis and malaria over the next three years.
6 years ago
Angola/UAE trade chamber to promote Angolan exports, balance trade
Luanda, Oct. 9 (Xinhua/UNB) -- The Angola/United Arab Emirates Chamber of Commerce and Industry (CCIA-UAE) launched an action plan here on Tuesday to promote Angolan exports in a bid to balance the trade between the two countries.
6 years ago
US dips in competitiveness index as Singapore takes top spot
Geneva, Oct 9 (AP/UNB) — The United States is less competitive than it was a year ago and the global economy remains hobbled by low productivity despite a decade of cheap money from central banks, the World Economic Forum said Wednesday.
6 years ago
Greece pays 1.5% to raise 1.5 billion euros in 10-year bond
Athens, Oct 8 (AP/UNB) — Greece's finance minister says the country has raised 1.5 billion euros ($1.65 billion) from investors by reopening a 10-year bond issue from earlier this year.
6 years ago
Nissan names head of China business to be new CEO
Tokyo, Oct 8 (AP/UNB) — Japanese automaker Nissan Motor Co. has named the head of its China business, Makoto Uchida, to be its new CEO.
6 years ago
China criticizes US tech curbs but trade talks going ahead
Beijing, Oct 8 (AP/UNB) — China demanded Washington lift newly imposed sanctions on Chinese tech companies but said Tuesday envoys will go ahead with a U.S. trip for trade talks despite the latest spike in tensions.
6 years ago
European markets down, Asia gains ahead of US-China talks
Tokyo, Oct 8 (AP/UNB) — Shares slipped in Europe on Tuesday after broad gains in Asia ahead of trade talks between the U.S. and China.
6 years ago
Samsung predicts profit decline as chip market swoons
Seoul, Oct 8 (AP/UNB) — Samsung Electronics on Tuesday predicted its operating profit for the last quarter will fall by more than half from a year earlier amid sluggish global demand for computer chips.
6 years ago
HSBC to cut up to 10,000 jobs: report
London, Oct 6 (Xinhua/UNB) -- The London-headquartered HSBC Holdings Plc. plans to axe up to 10,000 jobs in an effort to cut costs, according to media reports on Sunday.
The layoffs account more than 4 percent of the banking titan's workforce, said the Financial Times.
According to the bank's 2019 interim report, the group had over 237,000 full-time employees at the end of June 2019.
The news comes a month after HSBC Chief Executive Officer John Flint surprisingly stepped down in August as the bank deemed a change necessary at the top to tackle an increasingly complex and challenging global environment.
The paper said the latest layoffs are part of the saving costs plan promoted by HSBC's interim CEO Noel Quinn, who has taken over Flint's role until a successor is appointed, as the lender struggles to deal with economic uncertainties across the world, including Brexit, trade disputes and falling interest rates.
6 years ago