Covid-19: HSBC profits slump as bank sets aside billions for bad loans
03 May 2020 | 9:00 am
Pre-tax profits at Europe's largest bank HSBC slumped by 48 percent in the first three months of 2020, as the lender felt the impact of the Covid-19 pandemic on its business. The bank has set aside $3 billion to cover losses from unpaid loans, 417 percent higher than the same period last year. Also today, US oil prices slumped again in early trading after an investment fund sold all its short-term contracts to buy crude. A plunge in demand for oil due to lockdown measures has resulted in a massive glut of supply in the market.
8 Aug 2021
State-affiliated media in China has taken a second swipe at the gaming industry triggering another market tumble. Investors fear further crackdowns.
Tax Evasion: Tribunal orders DSTV to pay FG N900bn tax backlog, Lagos PDP Chairman dies of COVID-19
25 Aug 2021
Here are a few reasons to pick up a copy of The Guardian on Thursday. Find these stories and much more when you grab a copy of The Guardian on Thursday.
6 Sep 2021
In an effort to stem incidences of business failures in the corporate polity, H. Michael & Co. founder Dr. Adeyinka Hassan in commemoration of its 10th anniversary put together a conference tagged: Corporate Governance and Enterprise Development Conference. The well-attended conference examined the imperatives of corporate governance for the success of business enterprises in Nigeria, creating economic stability and business sustainability.
8 Sep 2021
UK PM Johnson's tax on workers 'unfair', says opposition
13 Sep 2021
The UK has announced its second round of tax hikes in a year. With the Biden US administration expected to follow suit, are other countries putting off the inevitable?
3 Oct 2021
The Social Democrats' narrow victory in Germany's federal elections suggests the country could be heading into a more progressive future. As coalition talks get started, business leaders want their priorities heard.
4 Oct 2021
Austria announced the introduction of a new "eco-social" reform of the tax system. Everyone in the governing coalition gets something: but does the environment?
5 Oct 2021
A trove of leaked documents has revealed links between leaders and offshore tax havens. Officials in Pakistan and other countries are facing calls for investigation while Germany urged patience in fighting tax avoidance.
6 Oct 2021
The global investigation into secret wealth and offshore dealings has revealed the names of several high-profile leaders within the European Union. That has raised uncomfortable questions for EU honchos.
9 Oct 2021
The standoff over migrants entering the EU between Minsk and Warsaw has hit local Polish businesses near the border, many reliant on tourism. With the winter coming and no end in sight to the crisis, DW visited the area.
9 Oct 2021
The country has finally dropped its opposition to a global tax reform brokered by the OECD in July. The revised corporate tax rate will only apply to large multinational companies
1 hour ago
Find these stories and much more when you grab a copy of The Guardian on Thursday.
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Clashes between the Congolese armed forces and the M23 militia group have sent thousands of people over the border to Rwanda seeking shelter. Meanwhile, the UK and Rwanda are to settle 50 undocumented migrants who arrived on British shores in the Rwandan capital Kigali; we take a closer look. And Zimbabwe wants to sidestep international conventions to sell its $600 million stockpile in black market ivory – not without controversy.
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The Russia House in Davos has always sold the Russia story to global investors, but now it's having to tell a rather bitter truth. In the absence of Russians, Ukraine is making sure Moscow's excesses are not forgotten.
4 hours ago
A wave of protests swept across Iran as people went online to express their opposition to the death penalty given to three young Iranians for taking part in demonstrations last year.
4 hours ago
The world is facing its worst food crisis in history. Millions of tonnes of wheat are stuck in Ukraine, worsening an already precarious situation for many countries that depend on exports from the region. IMF Managing Director Kristalina Georgieva tells FRANCE 24 Business Editor Kate Moody that only "very strong international mobilisation" will save the lives of millions of people. Also in our update from Davos: EU member states move towards an embargo on Russian oil, but with no consensus on the timeline.
5 hours ago
Over two thirds of young Colombians say their lives have got worse over the past year, which saw a fierce crackdown on anti-government protests in a country still recovering from five decades of conflict. Six years after the peace deal with the FARC rebels, many young people are backing the former mayor of Bogota, Gustavo Petro, in the May 29 presidential election. If he wins, Petro would become Colombia's first-ever leftist leader. In this special edition of Inside the Americas, we meet several young Colombians who are hoping for change.