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Hong Kong protests haven’t hurt our profitability, say bank CEOs

Hong Kong protests haven’t hurt our profitability, say bank CEOs

Finance
Pro-democracy protests have hurt the Hong Kong economy, but the chief executives of two major banks said their businesses in the city have not been affected in a big way.Singaporean bank DBS said on Monday that net profit for its Hong Kong business jumped 14% year-on-year in the July-to-September quarter. That performance came on the back of a 15% year-on-year rise in overall profit for the quarter to 1.63 billion Singapore dollars ($ 1.2 billion), which beat analyst estimates compiled by Refinitiv.Hong Kong contributed around 334 million Singapore dollars, or 20%, of DBS' overall profits in the third quarter this year.Piyush Gupta, CEO of DBS, told CNBC's Tanvir Gill that he doesn't anticipate a "serious problem" with the bank's loan book in Hong Kong. But the bank has set aside some mone...
Cuts to Social Security would hurt older, single women most of all

Cuts to Social Security would hurt older, single women most of all

Finance
Jim McGuire | Getty ImagesThe Social Security program is approaching insolvency.Social Security costs keep escalating, with future expenses for the program expected to be 20% higher than projected revenue. To that point, action must be taken promptly to prevent an across-the-board benefit cut for many current and future beneficiaries, according to the Social Security 2019 Annual Report.As soon as next year, Social Security's yearly expenses are expected to exceed its revenue — forcing the program to begin drawing down its trust funds. The projected impact will result in only 75% of benefits promised to actually be paid beginning in 2035. That will impact millions of individuals who rely on this income for their living expenses in retirement.The population most dependent on Social Security
Foreign tourists hurt in bus blast near Egypt’s pyramids

Foreign tourists hurt in bus blast near Egypt’s pyramids

World
At least 17 people have been injured in a blast targeting a tourist bus in Egypt.The roadside bomb attack happened near the new Egyptian museum close to the Giza pyramids on the outskirts of Cairo. Most of those hurt were foreign tourists, it has been reported. No one is believed to have been killed. Image: The blast blew out windows on the bus Image: No Britons are believed to have been on board the vehicle The wounded have been taken to hospital nearby.A witness, Mohamed el Mandouh, said he heard a "very loud explosion" while sitting in traffic near the site of the blast. Advertisement ...
Irregular sleeping may hurt heart health, study says

Irregular sleeping may hurt heart health, study says

Health
March 8 (UPI) -- Having an unpredictable sleep pattern can put a person a higher cardiovascular risk, a new study says. People whose nightly sleep length varied by more than two hours on average were 2.2 times more likely to have a stroke, congestive heart failure and coronary heart disease, according to a study presented this week at the American Heart Association's Epidemiology and Prevention/Lifestyle and Cardiometabolic Health Scientific Sessions. "Sleep regularity is an understudied area with critical relevance to everyone. Understanding its relationship with cardiovascular disease has important public health implications and may identify novel strategies for cardiovascular disease prevention," Tianyi Huang, an associate epidemiologist at Brigham and Women's Hospital and study lead ...