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HSBC Weighs Outsourcing Some Trading Operations to Lift Returns

In a bid to enhance efficiency and returns in a cost-effective manner, HSBC, one of the largest banks in the world, is considering outsourcing some of its trading activities. A shift like this would further aid the bank to eliminate certain operational costs and simplify its functions given the current adverse global economic condition. This...

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NYC Congestion Pricing Raises $52 Million Amid Trump Backlash

Since New York City adopted its congestion pricing policy in 2022, the city has raised $52 million towards development of public transport. The pricing strategy, which aimed at reducing traffic, pollution, and providing funding for public transport has sparked controversy Micheal Bloomberg said the most negative critic was Donald Trump when he described the pricing...