Your Daily Scan of the New Global Economy

France

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  • Airbus speaks to France 24 about record sales, financial losses

    Airbus sold a record-breaking number of planes in 2019, and its biggest rival, Boeing, is mired in a series of safety scandals. So why did it report €1.3bn in losses last year? CEO Guillaume Faury and CFO Dominik Asam speak to France 24 about the figures and the challenges ahead. Also in the show – Huawei faces new legal charges in the US, and Barcelona deals with the aftermath of the decision to cancel the Mobile World Congress. 

    Posted: by France 24

  • Banks eye HSBC French assets as it announces 35,000 job cuts worldwide

    UK-based HSBC bank said Tuesday it will cut 35,000 jobs and shrink sales and trading in Europe, to focus on faster-growing markets in Asia and better cope with global uncertainties. Two French banks have expressed interest in taking over HSBC’s operations in France, though the bank has not indicated what – if any – cuts will be made in France.

    Posted: by RFI

  • Dating apps see exponential growth over past eight years

    With romance in the air this Valentine’s Day, dating apps like Tinder are racking up huge numbers. We take a closer look. But first, Chinese tech giant Huawei is targeted with a new indictment in the US, accusing it of racketeering, sanctions violations and a “decades-long conspiracy” to steal trade secrets. Meanwhile, markets wobble as China cuts tariffs by half on $75 billion in US goods, Germany’s economy marks zero growth for the last quarter and French carmaker Renault posts its first annual loss in a decade. 

    Posted: by France 24

  • HSBC to axe 35,000 jobs in radical overhaul of bank

    HSBC is to cut 35,000 jobs over the next three years, as part of a major downsizing of the bank’s operations. It comes after the lender’s profits slumped by a third in 2019, to $13.3 billion. Also today, Apple warns that the supply of iPhones and its earnings will be hit by the coronavirus outbreak.

    Posted: by France 24

  • Japanese economy slumps as coronavirus fears persist

    Japan’s economy slid at an annualised rate of 6.3 percent last quarter, the steepest decline since 2014. We take a look at the reasons behind the slump. Also, General Motors scraps an iconic brand in Australia and Tesla’s highly-anticipated German gigafactory hits another roadblock.

    Posted: by France 24

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