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HSBC reports 'record profit' of $30.3 bn in 2023
HSBC reports 'record profit' of $30.3 bn in 2023
Economy
by  AFP

HSBC said Wednesday it achieved "record profit" in 2023 as pre-tax gains soared by nearly 80 percent, with the banking giant also announcing further share buybacks. The bank also said Wednesday that it would initiate a share buyback of up to $2 billion, following the announcement last year of three share buybacks totalling $7 billion.

Indian farmers resume Delhi protest push after talks fail
Indian farmers resume Delhi protest push after talks fail
Economy
by  AFP

Thousands of Indian farmers riding tractors prepared to resume their push towards New Delhi on Wednesday after failing to reach a deal with the government on their demands for higher crop prices. Thousands of Indian farmers die by suicide every year because of poverty, debt and crops affected by ever-more erratic weather patterns caused by climate change.

German economy buffeted by 'perfect storm'
German economy buffeted by 'perfect storm'
Economy
by  AFP

Weaker exports, costly energy and a stuttering green transition have combined to form a "perfect storm" for the German economy, leaving Chancellor Olaf Scholz's coalition bickering over how to change course. The German economy, Europe's largest and traditionally a driver of eurozone growth, is being buffeted by "a perfect storm", Economy Minister Robert Habeck said earlier this month.