HSBC Holdings said on Tuesday it would shed $100 billion in assets, slashing the size of its investment bank and revamping its US and European businesses -- in a drastic overhaul that will mean 35,000 jobs cut over three years.
Euro zone finance ministers discussed ways to pursue a more growth-friendly fiscal policy mix, in a potential nudge to Germany and the Netherlands to spend more as fears of a downturn grow in the wake of the coronavirus epidemic.
The newly arrested members of a German far-right group are believed to have been plotting “shocking” large-scale attacks on mosques in Germany similar to the deadly ones carried out in New Zealand last year, a government official says.
Speaker of the US House of Representatives Nancy Pelosi has called for further unity among Democrats and their candidates in the upcoming presidential election in order to ensure President Donald Trump would not get elected for a second term.
Europe may have lost the battle to create digital champions capable of taking on US and Chinese companies harvesting personal data, but it can win the war of industrial data, Europe's industry policy chief said.