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UK retail brand Wilko sold to rival: administrator
UK retail brand Wilko sold to rival: administrator
by  AFP

The brand of bankrupt British household goods company Wilko, whose recent collapse sparked the loss of about 12,500 jobs, has been sold to a competitor, administrators said Thursday. Administrators have meanwhile failed to find a buyer for the chain, sparking vast job losses.

Locals, NGOs accuse World Bank of backing Indonesia coal plant expansion
Locals, NGOs accuse World Bank of backing Indonesia coal plant expansion
by  AFP

Residents and green NGOs have accused the World Bank of indirectly financing two new coal-fired power plants on Indonesia's most populous island despite promises to shift to low-carbon funding, according to a complaint filed Thursday. Hana Bank has previously pledged to stop financing new coal-fired power plants by 2030.

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