Business News

Business News

HSBC’s profits slump 65% amid coronavirus downturn

Image copyright Reuters HSBC’s half-year profits have plunged 65% and it says the cost of covering bad loans amid the coronavirus pandemic could hit $13bn (£9.8bn) this year. The UK’s biggest bank reported profits of […]

Business News

Wealth inequality rises even as wage gap narrows

Image copyright Getty Images The gap between how much people earn in London and the rest of the country has narrowed since the early 2000s, says the Institute for Fiscal Studies (IFS). According to the […]