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Apr 28, 2020

Profits plunge at Europe’s biggest bank

HSBC halts job cuts as concerns mount over loan repayments. Takeout is back as New Zealand starts to relax lockdown restrictions. India criticizes the accuracy of Chinese-made COVID-19 testing kits and cancels an order.

Pre-tax profits at HSBC have almost halved.
Pre-tax profits at HSBC have almost halved.
Fabrice Coffrini/Getty Images

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