An intrepid group of elderly individuals in northern China's Tianjin has recently sparked both curiosity and concern with their unique approach to the sport of diving. More pics:
Guests visit the #vaccine# production workshop of #CanSinoBIO# in Tianjin on Sunday. Launch ceremony of CanSinoBIO's third-phase production base for COVID-19 vaccines is held in Tianjin on April 25.
Some areas in northern China are experiencing a round of heavy #rains# since Sunday. The areas affected include #Beijing#, Tianjin, as well as the provinces of Hebei, Shanxi, Henan and Shandong.
STANDARD CHARTERED TO CUT NEARLY 8,000 BACK-OFFICE JOBS AS AI USE RISES
CEO Bill Winters said the plan is focused on replacing “lower-value human capital” with technology and investment capital.
FT reports the bank will reduce back-office headcount by more than 15% by 2030.
Affected functions include HR, risk and compliance across hubs including Bengaluru, Tianjin and Warsaw.
Standard Chartered is also targeting a 20% increase in income per employee by 2028.
New targets:
ROTE above 15% in 2028
ROTE above 18% in 2030
Dividend payout ratio raised to 30%
The bank says it already hit its $1.5B annualized cost-savings target one year early.