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HSBC pre-tax profit slumps on France sale
HSBC pre-tax profit slumps on France sale
Business and Economy
by  AFP

Bank titan HSBC said Tuesday that annual pre-tax profit tumbled after taking a huge charge on the sale of French retail operations. Pre-tax profit slid more than seven percent to $17.5 billion (16.4 billion euros) last year, after a vast $2.4-billion impairment on the planned divestment of the French unit.

Dubai airport sees surge in arrivals bolstered by Russian influx
Dubai airport sees surge in arrivals bolstered by Russian influx
Business and Economy
by  AFP

Dubai's airport welcomed 66 million passengers in 2022, more than double the previous year, it said Tuesday, a spike its chief executive attributed to "huge growth" in Russian travellers. The airport "welcomed a total of 66,069,981 passengers during 2022", representing year-on-year growth of 127 percent, according to a statement.

Zalando to cut 'hundreds of jobs'
Zalando to cut 'hundreds of jobs'
Business and Economy
by  AFP

German online fashion retailer Zalando said Tuesday it plans to cut hundreds of jobs to help it confront a "more challenging" economic environment after years of rapid growth. Founded as a Berlin start-up in 2008, Zalando quickly rose to become Europe's leading online fashion and lifestyle retailer.