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UK retailer Wilko's administrators warn of job losses
UK retailer Wilko's administrators warn of job losses
by  AFP

The administrators of British household goods company Wilko have said there will "likely" be redundancies and store closures after they were unable to find a buyer for the whole business. Wilko has appointed PricewaterhouseCoopers as administrators of the distressed company, founded in 1930 with headquarters in the town of Worksop, central England.

Inflation or politics? Argentina hit by wave of looting
Inflation or politics? Argentina hit by wave of looting
by  AFP

Argentina has been hit by a wave of looting that has ratcheted up political tensions ahead of October elections as the country grapples with 113 percent annual inflation. But while some attribute the plundering to the current economic crisis, others see it as an orchestrated effort to destabilize the country ahead of October 22 elections.

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