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Scandal-hit HSBC plans 20,000 job cuts

BUSINESS

Scandal-hit HSBC plans 20,000 job cuts

Europe’s biggest bank HSBC is reportedly planning to axe as many as 20,000 jobs amid a stream of scandals, including its role in tax evasion and rigging foreign exchange markets.

Germans rue missed opportunities in Iran

ECONOMY

Germans rue missed opportunities in Iran

German companies are actively pressing their government to boost efforts to promote trade relations with Iran as Western sanctions over Tehran's nuclear program are being gradually lifted.

ISIL closes dam in Iraq’s Ramadi

IRAQ

ISIL closes dam in Iraq’s Ramadi

Iraqi officials say that ISIL militants have shut down all the gates of a dam in Iraq’s Ramadi, sparking humanitarian fears.