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UBS's Credit Suisse takeover, 'deal of the century'?
UBS's Credit Suisse takeover, 'deal of the century'?
by  AFP

Did banking giant UBS make "the deal of the century" when it bought one of the world's biggest banks for a pittance as it teetered on the edge of the abyss? - 'Godsend' - "UBS has pulled off the deal of the century," Switzerland's Socialist Party said, maintaining the "rescue" was more of a "godsend", allowing it to snatch up a bank at a dramatically reduced rate.

Economy and management blamed for demise of UK retailer Wilko
Economy and management blamed for demise of UK retailer Wilko
by  AFP

The imminent demise of household goods seller Wilko highlights the challenges UK retailers currently face amid decades-high inflation and anaemic economic growth, but experts argue it also stems from bad management. Lisa Wilkinson, one of the founders' heirs and one of the group's former managers, has argued that not taking dividends would only have given the company a few months' reprieve.

Ford CEO: 'Still optimistic' but ready in case of auto strike
Ford CEO: 'Still optimistic' but ready in case of auto strike
by  AFP

Ford's CEO said Tuesday night that he was still optimistic of averting a looming strike, but that "there is a limit" to what the company can accept. New UAW President Shawn Fain has said the union could call strikes at all three companies if they fail to reach a tentative labor agreement by the Thursday night deadline.

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