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Tradeshift cuts headcount by three figures in effort to turn towards profitability
Last month, Tradeshift, a platform for supply chain payments that has achieved unicorn status in recent years, had some good news and some bad news. It announced a Series F funding round of $240
Tesla Sees Delays; Apple, McDonald's Close Stores: Virus Impact
Tesla Inc. is expecting a production delay in China; McDonald’s Corp. and Starbucks Corp. closed thousands of stores combined in the country The post Tesla Sees Delays; Apple, McDonald's Close Stores:
Starbucks Shuts Stores, Toyota Halts Production: Virus Impact
Starbucks has closed more than half of its coffee shops in mainland China about 2,000 of them and Toyota Motor Corp. is halting production in the country, as global corporations grapple with... Read
Global firms halt China travel as coronavirus spooks markets
Fears grow over global economic fallout with airline shares hit and commodity prices tumblingCoronavirus outbreak: live updatesBusinesses are stopping staff travel to China and urging workers inside
Protesters who demanded Huawei CFO's release revealed to be paid actors
More than a dozen people outside Vancouver courtroom with ‘Free Meng’ signs were promised C$100 for two hours’ work on a movieProtesters calling for the release of a senior Chinese telecommunications
The Guardian: World News
HSBC, Tencent and others limit China travel as deadly virus spreads
Major corporations operating in China are limiting travel and foregoing long-held traditions around Lunar New Year to protect their employees.
Bond Bulls Bet On Cracks In U.S. Jobs For Fresh Support
With tension in Middle East appearing to ease for now, bond managers are turning their gaze back to U.S. economy, focus on risks to tightest labor market. The post Bond Bulls Bet On Cracks In U.S.
These 25 Companies Laid Off Workers in 2019
Few industries were spared from layoffs in 2019.
Bank opening times for New Year’s Eve and New Year’s Day 2020
Opening times for the main banks.
Are banks open on Christmas Eve, Christmas Day or Boxing Day?
See when your bank is open this Christmas.
Major UK lenders all pass Bank of England stress tests
Banks warned they would have to cut bonuses and dividends to weather a financial crisisUK lenders are strong enough to withstand deep recessions at home and abroad but would struggle to stay afloat
HSBC to pay about $200 million for helping rich Americans hide money
The settlement marks the end of an era for Swiss banks enabling US tax evasion. America's own internal tax havens are taking its place.
Sanofi To Buy Synthorx For $2.5 Billion To Expand In Cancer
French pharma giant Sanofi agreed to buy Synthorx for $2.5 billion, more than double the U.S. biotech's Friday valuation, accelerating its push into cancer. The post Sanofi To Buy Synthorx For $2.5
HSBC overdraft rate to quadruple for some customers
Eight million users will pay more for going into the red after FCA’s borrowing shakeupAbout 8 million HSBC customers are to have their overdraft rate doubled – and in some cases quadrupled – to 39.9%
HSBC and Santander to refund customers over unauthorised overdrafts
Banks failed to alert hundreds of thousands of account holders via text alertHSBC and Santander are to refund millions of pounds to customers for failing to alert hundreds of thousands of account
HSBC to shift $20 billion worth of assets to blockchain-based Digital Vault
HSBC aims to shift $20 billion worth of assets to a new blockchain-based custody platform -- known as Digital Vault -- by March.
HSBC to Track $20 Billion in Assets on a Blockchain Next Year
HSBC plans to track $20 billion in private-placement assets on its Digital Vault, allowing investors real-time access to their records.
Halifax joins HSBC in letting customers block cards from gambling
Block is designed to prevent problem gamblers betting money they can’t afford to loseHalifax has joined HSBC in announcing customers can now self-exclude their bank cards from being used to gamble –
HSBC, SGX to Investigate if DLT Offers Efficiency Boost for Bond Markets
A new trial will examine if digitalizing fixed income securities with DLT can bring new efficiencies to the Asian markets.
Chinese EV startup Xpeng Motors raises $400 million, takes on Xiaomi as strategic investor
Xpeng Motors, the Chinese electric vehicle startup backed by Alibaba and Foxconn, has raised a fresh injection of $400 million in capital and has taken on Xiaomi as a strategic investor, the company