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Chinese slowdown hits HSBC profits

Image copyright Reuters HSBC has reported a lower-than-expected 15.9% rise in pre-tax profits for 2018, partly because of an economic slowdown in China and Hong Kong. Europe’s largest bank made $19.9bn (£15.4bn) before tax last year, compared with $17.2bn in 2017. Reported revenue was $53.8bn, a rise of 5% from …

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Pakistan warns India against attack

Image copyright Reuters Image caption Mr Khan has also called on India to provide evidence to support its claims that Pakistan was involved Pakistan PM Imran Khan says his country will retaliate if India takes military action against it in the aftermath of last week’s suicide attack on Indian forces …

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Honda confirms Swindon plant will close in 2021

Honda confirms Swindon plant will close in 2021

Honda has confirmed the closure of its Swindon factory with the loss of 3,500 jobs, dealing another huge blow to Britain’s car industry in the run-up to Brexit. The Japanese carmaker announced it would shut the factory, its only European production site, in 2021, when the current model’s production cycle …

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