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HSBC axes 840 IT jobs in Britain in first big wave of planned cuts | Reuters

LONDON HSBC ( HSBA.L ), Europe's largest bank, started laying off 840 information technology workers in Britain on Monday, the first big tranche of redundancies under a restructuring plan that will eliminate 8,000 British jobs by the end of next year. Most of the staff affected were being informed about the cuts on Monday, according to a source familiar with the matter.The majority of the roles are based in London, Sheffield and Tankersley and all the jobs will disappear by the end of this year, the source said."As part of a global relocation exercise, around 840 non-customer-facing IT roles will transfer from the UK to other sites around the world," John Hackett, chief operating officer of HSBC UK, said in a statement.

HSBC axes 840 IT jobs in Britain in first big wave of planned cuts | Reuters

LONDON HSBC ( HSBA.L ), Europe's largest bank, started laying off 840 information technology workers in Britain on Monday, the first big tranche of redundancies under a restructuring plan that will eliminate 8,000 British jobs by the end of next year. Most of the staff affected were being informed about the cuts on Monday, according to a source familiar with the matter.The majority of the roles are based in London, Sheffield and Tankersley and all the jobs will disappear by the end of this year, the source said."As part of a global relocation exercise, around 840 non-customer-facing IT roles will transfer from the UK to other sites around the world," John Hackett, chief operating officer of HSBC UK, said in a statement.

European Union approves 2.4 billion euros funding for migration crisis | Reuters

BRUSSELS The European Commission on Monday approved 2.4 billion euros ($2.6 billion) of aid over six years for countries including Greece and Italy that have struggled to cope with a surge in numbers of immigrants.

World Trade Center parachutists fined, no jail | Reuters

NEW YORK Two men found guilty of jumping off the top of New York's One World Trade Center, the Western Hemisphere's tallest building, were each sentenced to a $2,000 fine and community service on Monday in a Manhattan state court.

LyondellBasell to buy Indian PPC maker in automotive push | Reuters

MUMBAI LyondellBasell Industries( LYB.N ) will buy polypropylene compounds (PPC) maker SJS Plastiblends, the companies said on Monday, as the plastics and chemicals maker sought a greater share in India's growing automotive market. The transaction is expected to close later this year, the companies said, without disclosing financial details

Car bomb kills five in Kabul, Afghan leader warns Pakistan | Reuters

KABUL Afghan President Ashraf Ghani demanded that Pakistan crack down on the Taliban after a car bomb explosion near Kabul airport claimed by the Islamist militants killed five people on Monday, the latest in a series of suicide attacks to rock the capital. The attacks have followed a change of leadership in the Taliban and have dashed any hopes of an immediate resumption of peace talks with the government. They suggest new Taliban leader Mullah Mohammad Akhtar Mansour intends to send a message that there will be no letup in the insurgency

Prosecutors charge man for Ferguson anniversary gunfight with police | Reuters

FERGUSON, Mo. Prosecutors on Monday charged an 18-year-old man with assault on police officers after an exchange of gunfire Sunday night on the anniversary of the shooting of unarmed black man Michael Brown by a white officer in the St.

Russia to ask UN to agree to Arctic borders expansion

Moscow, Oct 30 (IANS/EFE) Russia's Minister of Natural Resources and Environment, Sergey Donskoy, said Wednesday that his country intends to ask the UN to allow Russia to expand its land borders in the northern Arctic region in 2015. "The request will be presented to the UN in the spring of next year, as we have plans to expand Russian borders in the Arctic region," Xinhua quoted the minister as saying Wednesday in the Russian city of St. Petersburg.

Panel advises base price cut for unsold 2G airwaves

NEW DELHI (Reuters) - A panel of ministers wants to cut the reserve price of mobile phone airwaves by 30 percent in four zones to attract bidders that shunned last month's auction because the prices were too high. India, betting on the sale of phone airwaves among other measures to plug its widening fiscal deficit, raised less than a quarter of its 400 billion rupees target in the last airwaves auction. The government plans another auction of the unsold airwaves in the 1800 megahertz band for the four zones - Delhi, Mumbai, Karnataka and Rajasthan - during the current fiscal year ending in March, telecommunications minister Kapil Sibal said on Friday after a meeting of the ministerial panel.