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HSBC profits jump as bank set for major shakeup

HSBC has seen its quarterly profits jump by 10% as the UK-based banking giant embarks on one of the biggest shakeups in its 159-year history. The firm said its pre-tax profits rose to $8.5bn (£6.6bn) in the three months to the end of…

Hezbollah announces Naim Qassem as new leader

Hezbollah has announced the group’s deputy secretary general will become its new head. Naim Qassem replaces long-term leader Hassan Nasrallah, who was killed in an Israeli air strike in Beirut last month. He is one of the few senior…