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ZURICH (Reuters) - Switzerland demanded 20% pay cuts from top players and coaches in return for aid to sports clubs pushed to the brink of collapse by vanishing ticket sales during the COVID-19 pandemic.
WE ARE up against what Joe Biden is calling a dark winter.
SYDNEY: Westpac Banking Corp said on Monday it would resume paying dividends, as it reported a 62% plunge in cash earnings due to write-downs, lower margins and a record fine over a money-laundering case.
HSBC Holdings Plc is a bank in limbo. Pandemic-related bad loans have messed up its cost-reduction plan. Coming in the crosshairs of the US-China conflict made investors nervous about the jewel in its crown: the Hong Kong franchise.
Bank to derive income more from fee-based businesses
HONG KONG/LONDON: HSBC Holdings PLC on Tuesday signalled it would embark on a pandemic-induced overhaul of its business model, seeking to flip its main source of income from interest rates to fee-based businesses.
LONDON: UK regulators are considering plans to allow banks to start paying dividends again next year, The Times newspaper reported on Monday.
A letter from DR AIMAN NARIMAN MOHD SULAIMAN, Ahmad Ibrahim Kulliyyah of Laws, International Islamic University Malaysia
WITH many in the world experiencing declining living standards, there has been growing frustration.
LONDON: The coronavirus crisis will see the world’s biggest firms slash dividend payouts by between 17% and 23% this year or what could be as much US$400bil, a new report has shown, although sectors such as tech are fighting the trend.