More than a third of the job cuts are expected to be from the firm’s trading and banking units.

The majority of the roles hit by the latest cutbacks will be in its People, Experience, and Technology (PXT) and Amazon Stores businesses

The Wuhan warehouse spans 70,000 sqm and serves e-commerce, third-party logistics and cold-chain sectors.

Deutsche Bank's outlook for 2023

Demand for refinancing dropped 16.3% from two weeks earlier and was down 87% from the same period in 2021.

The LogPark has a lettable area of around 159,000sqm.

Prices also declined for the first time since early 2020, with the median price down 5.5%.

The law provides exceptions for home purchases by immigrants and permanent residents of Canada who are not citizens.