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Business Matters: HSBC to Cut 25,000 Jobs Globally 10 June 2015
HSBC announces it will cut 25,000 jobs globally over the next two years and sell off all operations in Turkey and Brazil. It's the second time in four years that the bank has attempted to implement2 sweeping3 reforms after being mired4 in money laundering5 scandals in the US, tax avoidance accusations6 in Switzerland and the mis-selling of financial products in the UK. So what are HSBC's options now? A retreat from investment in favour of retail7 banking8 is one possibility - we talk to the bank's former chief economist9 Roger Bootle about HSBC's strategy. The founder10 of Alibaba, the online Chinese mega marketplace, is in the US hoping to increase investment in his company. Jack11 Ma is turning his attention to small American businesses which he hopes will sell their wares12 on his platform. The Spanish resort of Magaluf, notorious for boozy Brits misbehaving, has had enough and imposed alcohol restrictions13. And can a bit of Verdi lower your blood pressure?
1 wed | |
v.娶,嫁,与…结婚 | |
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2 implement | |
n.(pl.)工具,器具;vt.实行,实施,执行 | |
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3 sweeping | |
adj.范围广大的,一扫无遗的 | |
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4 mired | |
abbr.microreciprocal degree 迈尔德(色温单位)v.深陷( mire的过去式和过去分词 ) | |
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5 laundering | |
n.洗涤(衣等),洗烫(衣等);洗(钱)v.洗(衣服等),洗烫(衣服等)( launder的现在分词 );洗(黑钱)(把非法收入改头换面,变为貌似合法的收入) | |
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6 accusations | |
n.指责( accusation的名词复数 );指控;控告;(被告发、控告的)罪名 | |
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7 retail | |
v./n.零售;adv.以零售价格 | |
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8 banking | |
n.银行业,银行学,金融业 | |
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9 economist | |
n.经济学家,经济专家,节俭的人 | |
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10 Founder | |
n.创始者,缔造者 | |
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11 jack | |
n.插座,千斤顶,男人;v.抬起,提醒,扛举;n.(Jake)杰克 | |
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12 wares | |
n. 货物, 商品 | |
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13 restrictions | |
约束( restriction的名词复数 ); 管制; 制约因素; 带限制性的条件(或规则) | |
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