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BankingGlobal Banking & Finance Review® Honors I&m Bank (Rwanda) Limited as Best Retail Bank Rwanda 2024 and Best Sme Bank Rwanda 2024
Exclusive – HSBC Pulling Back From China Credit Card Business After Struggling to Expand, Sources Say
Date: November 29, 2024
By Selena Li and Engen Tham (Reuters) – HSBC is pulling back from its credit card business in China eight years after its launch, as the lender struggled to expand and make the enterprise profitable in the world’s second-largest economy, sources with knowledge of the matter said. The Asia-focused bank has stopped issuing new cards...
EasyJet Wants to See Middle East Stability Before Resuming Flights to Israel
Date: November 27, 2024
LONDON (Reuters) -EasyJet will not rush to resume flights to Tel Aviv after a ceasefire between Israel and Iran-backed group Hezbollah came into effect on Wednesday, the airline’s incoming CEO told reporters. Airlines around the world suspended flights to Israel and some other locations in the Middle East in the wake of the war in...
EasyJet Expects to Fly More Passengers in 2025, Shares Hit 8-month Highs
Date: November 27, 2024
By Joanna Plucinska and Yadarisa Shabong LONDON (Reuters) – EasyJet is looking to fly more passengers in its 2025 financial year, helping the budget airline’s shares to hit their highest level in nearly eight months. The company on Wednesday forecast a 3% increase in capacity in its next financial year after reporting a strong increase...
UK Creates New Businesses at Slowest Rate Since 2010
Date: November 18, 2024
LONDON (Reuters) – Britons started new businesses last year at the slowest rate since 2010, a potential warning sign for longer-term economic growth and productivity, according to official data published on Monday. The number of new businesses started in the United Kingdom fell to 316,000 in 2023 from 337,000 in 2022, the Office for National...
The Hidden Costs of Complex Contracts: New Report Highlights Need for Contract Simplification
Date: November 15, 2024
By: Andi Stark A recent report from World Commerce & Contracting (WorldCC) in partnership with Icertis sheds light on a growing issue in commercial transactions: the hidden costs associated with complex contracts. As contracts become increasingly intricate, companies are bogged down by rising costs, wasted time, and strained partnerships. Based on data from thousands of...
Australia’s Nab Annual Profit Dips, Signals Inflation Risks Under Trump
Date: November 7, 2024
By Byron Kaye and Roushni Nair SYDNEY (Reuters) -National Australia Bank said annual profit fell in line with forecasts as it shied from margin-crushing competition, and there was a risk inflation could remain stronger for longer from Donald Trump’s upcoming return to the U.S. presidency. Australia’s biggest business lender and its No. 3 retail lender...