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Jaguar Land Rover CEO: We will lay off approximately 4,000 employees globally over the next two years.

2026-09-07

Jaguar Land Rover CEO: We will lay off approximately 4,000 employees globally over the next two years.

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2026-09-07

JP Morgan says Hong Kong banks' 1H26 results broadly beat expectations, supported by non-interest income and stronger-than-expected pre-provision operating profit. Small banks still face elevated credit costs; large banks fared better. HSBC, Standard

JP Morgan says Hong Kong banks' 1H26 results broadly beat expectations, supported by non-interest income and stronger-than-expected pre-provision operating profit. Small banks still face elevated credit costs; large banks fared better. HSBC, Standard Chartered and Bank of China Hong Kong reported shareholder total‑return metrics slightly below JP Morgan's expectations. JP Morgan sees scope for upward revisions to consensus EPS and notes that firmer market odds of further Fed hikes could help sentiment. The firm remains constructive on the sector, ranking large-cap banks Standard Chartered > HSBC > Bank of China Hong Kong with price targets of HK$310, HK$205 and HK$53.3, all Overweight. JP Morgan's coverage universe posted average 1H26 profit growth of 33% YoY versus 4% in 2025, driven by an ~50% rebound at HSBC/Hang Seng from sharply lower credit costs and improved non-operating items; other banks showed high-single to low-double-digit growth led by resilient pre-provision operating profit.
2026-09-07

On the evening of Sept. 6 local time, Fabien Roussel, national secretary of the French Communist Party, formally declared his candidacy for France's 2027 presidential election. He said he hopes to push change in France by proposing a political platfo

On the evening of Sept. 6 local time, Fabien Roussel, national secretary of the French Communist Party, formally declared his candidacy for France's 2027 presidential election. He said he hopes to push change in France by proposing a political platform to "thoroughly change the status quo."
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