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Economy and management blamed for demise of UK retailer Wilko
Economy and management blamed for demise of UK retailer Wilko
Business and Economy
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
Business and Economy
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.

Qantas loses court fight over Covid lockdown layoffs
Qantas loses court fight over Covid lockdown layoffs
Business and Economy
by  AFP

Qantas illegally sacked 1,700 ground staff during Covid-19 lockdowns, Australia's High Court ruled Wednesday, dismissing an appeal by the airline and opening up the prospect of hefty compensation. The High Court said it agreed with that ruling, unanimously dismissing Qantas's appeal.