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Belgian prosecutors settle with HSBC in tax-dodging case

Digital Desk -
Belgian prosecutors have reached a settlement worth nearly €300m with a Swiss private banking branch of HSBC over a longstanding fraud and tax-dodging case. The...
ECONOMY

Tesco to cut 4,500 jobs from UK stores

Digital Desk -
Around 4,500 staff at Tesco are set to lose their jobs in the latest round of redundancies at the British supermarket chain, the company...
FINANCE

HSBC chief executive steps down

Digital Desk -
HSBC chief executive John Flint has stepped down after the bank said it believed a change was needed “to meet the challenges” it faces. The...
BUSINESS

Facebook removes hundreds of accounts accused of spreading misinformation

Digital Desk -
Facebook has announced the removal of hundreds of accounts from the social network originating in the Middle East. The company said it had found and...
FINANCE

RBS unveils bumper £1.7 billion dividend

Digital Desk -
Royal Bank of Scotland has unveiled a bumper £1.7 billion payout for shareholders, delivering a surprise windfall for the British taxpayer. The bank announced a...
ECONOMY

Donald Trump announces ‘small additional’ 10% tariff on Chinese goods

Digital Desk -
Donald Trump has announced a 10% tariff on $300bn worth goods going into the US from China, starting from September 1. Early today it was...
ECONOMY

Bank of England Governor steps up no-deal Brexit warnings

Digital Desk -
Shoppers and motorists will face higher prices, and a “substantial number” of firms could find they can no longer compete in the event of...
BUSINESS

Ferrari says higher deliveries behind rise in profits

Digital Desk -
Ferrari has said second-quarter profits rose 14% on higher deliveries, driven by its Portofino and 812 Superfast brands. The Italian luxury sports car manufacturer said...
BUSINESS

Bank of England Governor steps up no-deal Brexit warnings

Digital Desk -
Shoppers and motorists will face higher prices, and a “substantial number” of firms could find they can no longer compete in the event of...
ECONOMY

US Federal Reserve cuts interest rate for first time in more than a decade

Digital Desk -
The US Federal Reserve has cut its key interest rate for the first time in a decade. The cut aims to counter threats ranging from...
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