HSBC profits hammered by pandemic and soaring US-China tensions
03 August 2020 | 4:00 pm
HSBC said Monday its first-half post-tax profits for 2020 plunged 69 percent on year.
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13 Nov 2020
“How can you do the right thing and still get punished for it,” laments Abuja-based restaurateur, as CORRUPT Federal Capital Territory Council personnel seal off her restaurant with staff and customers inside!
6 Dec 2020
Swiss voters have narrowly rejected stricter ethical rules for many global firms based in the Alpine republic. A separate poll calling on banks and pension funds to stop funding arms makers was also defeated.
7 Dec 2020
Political newcomers have it tough in a country where long-established families dominate the polls. The top presidential candidates in the December 7 election are all offspring of Ghana's independence-era "Big Six."
8 Jan 2021
African free trade bloc opens for business, but challenges remain. ... Backers say it will boost trade among African neighbours while allowing the continent to develop its own value chains. The World Bank estimates it could lift tens of millions out of poverty by 2035.
13 Jan 2021
With Qataris streaming into Saudi Arabia following the border re-opening, business owners in the al-Ahsa area say they are hopeful to see the economy boom again after "suffering economically" from the feud between Riyadh and Doha. Saudi Arabia shut its side of Qatar's only land border in June 2017 as part of a package of sanctions it said was a response to Doha's backing of radical Islamist groups and closeness to Iran. Qatar has always denied the charges.
27 Jan 2021
HSBC is under fire from British lawmakers for allegedly "aiding and abetting" Beijing's repression of the pro-democracy movement in Hong Kong. We tell you more. Also, New York pension funds divest from fossil fuels and Paris rents are on the decline.
12 Feb 2021
Disney's shares have rallied after the company reported better than expected results for its latest quarter. Sales came in at €16.2 billion, down 22 percent from the previous year, amid a continuing hit from the pandemic. But its streaming business Disney+ is continuing to grow as people stay home for longer, offsetting losses made at its theme parks that have suffered months of shutdown. Plus, as dining out is not an option for many couples this Valentine's Day, a handful of hotels in Brussels are offering quality time and fancy dinners for two – in guest rooms.
19 Feb 2021
Newly appointed World Trade Organization (WTO) director-general Ngozi Okonjo-Iweala said on Monday she doesn't want to see "business as usual" as she will need to broker international trade talks in the face of U.S.-China conflict, respond to pressure to reform trade rules and counter protectionism heightened by the COVID-19 pandemic
20 Feb 2021
This young Kenyan entrepreneur isn't sitting on a fortune. But that hasn't stopped her from starting her own business. Nowadays, she is successfully selling Hijabs.
5 Apr 2021
Wigs made from human hair have become more popular in Cameroon in recent years. Stores are fully stocked with wigs in all different colors and styles. Suppliers import the hair mainly from India, Europe, and Middle East.
19 Apr 2021
Offering a shared pot of €3.5 billion to start with, the newly-proposed football competition known as the European Super League would divvy up revenue among a smaller group of elite clubs. We tell you more. Also, we take a look at the French government's plan to aid farmers reeling from this month's cold spell.
31 May 2021
Here are a few reasons to pick up a copy of The Guardian on Tuesday. Find these stories and much more when you grab a copy of The Guardian on Tuesday.
17 mins ago
Ivorian cashew processors face an uphill battle. Its bid to expand into processing faces competition from Asia. Also Mali's sanctioned but Senegal loses out. The economic interdependence between the nighbours has left Senegalese traders struggling to cope with the knock on effects of penalties imposed on Bamako. And Amidst Months of sometimes deadly protests against an army take over, young Sudanese have been finding respite from the in Khartoum's vibrant cultural scene.
25 mins ago
During Pride Month, the LGBTQ community marches to defend its rights around the world. Our reporters went to meet some members of its older generation in France and Spain. Older gay, lesbian and trangender people often feel invisible within their wider communities and the majority of them suffer from loneliness after family rifts and years of discrimination. But thanks to the work of younger activists and organisations, LGBTQ seniors are gradually emerging from the margins.
26 mins ago
German pharmaceutical company BioNTech has begun construction of an COVID-19 vaccine plant in Rwanda. When completed, it will be the first mRNA vaccine plant in Africa.
1 hour ago
Germany is looking to lower gas demand to ward off long-term shortages as Russia throttles the gas flow. Gas prices for consumers could rise even more as a consequence.
1 hour ago
A traditional mask was recently given by Belgium to DR Congo as part of efforts to advance the return of cultural artefacts taken during the colonial era. False claims have circulated online stating that the returned mask was not the original but a copy. We take a closer look in this edition of Truth or Fake.
1 hour ago
Germany's financial capital, Frankfurt, climbed 32 places to seventh position, while Hamburg and Düsseldorf came in at 16 and 22, according to an annual index in British weekly The Economist.