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bubmag

HSBC Announces Mass Job Cuts, Huge Write-Down, Asset Sales, Halt of Share Buybacks. Warns of Coronavirus Impact on Credit Losses & Revenues in China & Honk Kong Trade War

HSBC Announces Mass Job Cuts, Huge Write-Down, Asset Sales, Halt of Share Buybacks. Warns of Coronavirus Impact on Credit Losses & Revenues in China & Honk Kong

These days, markets forgive and forget anything except the suspension of share buybacks. By Nick Corbishley, for WOLF STREET: Global banking behemoth HSBC’s net profit slumped 53% in 2019, to $5.97 billion, after the lender announced a $7.3 billion write-off to reflect weakened conditions in global banking and markets, and European commercial…
bubmag
February 19, 2020
EQC Electric SUV Quietly Leads Mercedes’ New Police Car And Van Proposals Hydrogen

EQC Electric SUV Quietly Leads Mercedes’ New Police Car And Van Proposals

Mercedes-Benz is presenting its new portfolio of emergency vehicles, including police cars and ambulances, at the General Police Equipment Exhibition & Conference, in Frankfurt, Germany, between February 18 and 20. A total of 15 vehicles are on display, covering most segments, albeit with an eco-twist. One of the stars of…
bubmag
February 19, 2020
The Luxury City is Going Bust Feudalism

The Luxury City is Going Bust

In a year when two boosters of the “luxury city,” Donald Trump and Michael Bloomberg, are vying to run the whole country, the very model that created their “success” is slowly unraveling. After roughly 20 years of big-city progress, measured by economic growth and demographic progress, the dense urban centers,…
bubmag
February 19, 2020