US airline Delta will offer $30,000 to each passenger on a plane that crashed as it landed at Toronto airport this week, the carrier told AFP on Wednesday. “This gesture has no strings attached and does not affect rights” of passengers, a company spokesman said. On Monday, a Delta Air Lines plane that departed from the US …
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Americans and Canadians are punching and booing each other in the wake of President Donald Trump’s taunts about making Canada a US state — at least on the ice hockey rink.Canadians have a long history of taking their national team hockey seriously. But with Trump goading their country and questioning its sovereignty, the temperature ahead …
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Global stocks were under pressure Wednesday after US President Donald Trump broadened his tariff threats, leaving European bourses lower even as the S&P 500 notched a fresh record.Trump warned the previous day that he would impose tariffs “in the neighborhood of 25 percent” on auto imports and a similar amount or higher on semiconductors and …
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Germany’s car lobby on Wednesday warned that tariffs threatened by US President Donald Trump would raise prices for American drivers after Trump said he might hike taxes on imports of cars, pharmaceuticals and semiconductors.Speaking at his Mar-a-Lago resort in Florida on Tuesday, Trump told reporters that tariffs on the automobile industry will “be in the neighbourhood …
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Prime Minister Justin Trudeau on Wednesday announced Canada’s first high-speed rail line, connecting major hubs from Toronto to Quebec City, calling it “the largest infrastructure project in Canadian history.”The corridor is home to 18 million people or 44 percent of Canada’s population.The plan is for the 1,000-kilometer (620-mile) line to carry electric trains capable of reaching …
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Vietnam’s parliament approved plans on Wednesday for an $8 billion rail link from its largest northern port city to the border with China, boosting links between the two communist-ruled countries and making trade easier.The new rail line will run through some of Vietnam’s key manufacturing hubs, home to Samsung, Foxconn, Pegatron and other global giants, …
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Australian government officials said on Wednesday they had placed a major steelworks into administration as it struggled to repay mounting debts.Special legislation was rushed through the South Australia state parliament that allowed receivers to take control of the Whyalla Steelworks, located 400 kilometres (250 miles) northwest of Adelaide.The site — owned by British billionaire Sanjeev …
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Banking giant HSBC said Wednesday that CEO Georges Elhedery’s plan since October to simplify the company’s structure and geographic setup will yield $1.5 billion in annual cost savings by the end of 2026.Elhedery’s plan for a “simpler, more dynamic, and agile organisation” has shaken up Europe’s largest bank, whose shares in Hong Kong have rallied …
HSBC targets $1.5 bn in annual cost savings after revamp Read More »
Banking giant HSBC said Wednesday that CEO Georges Elhedery’s plan since October to simplify the company’s structure and geographic setup will yield $1.5 billion in annual cost savings by the end of 2026.”Our cost target includes the impact of simplification-related saves associated with our announced reorganisation, which aims to generate approximately $0.3 billion of cost …
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Asian markets were mixed Wednesday after President Donald Trump broadened his tariff threats, while traders were also assessing the geopolitical outlook after the first high-level official US-Russia talks since the invasion of Ukraine.Regional investors struggled to pick up the baton after a record close on Wall Street, with the rally in Hong Kong-listed tech stocks …
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