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‘Asda turnaround could take three to five years’: Allan Leighton returns to run retailer
Tue, 26 Nov 2024, 07:00
It could take three to five years to revive Asda’s fortunes, according to the veteran retail boss Allan Leighton, who first helped turn around the supermarket chain more than 20 years ago. Speaking to the Guardian on his first day in the job as executive chairman, Leighton, who has taken …
Tuesday briefing: Why everyone’s suddenly worked up about ‘non-crime hate incidents’
Tue, 26 Nov 2024, 06:57
Good morning. A journalist visited by police over an erroneous tweet. A barber accused of racism over a dodgy haircut. And someone in Warwickshire reported for refusing to shake hands. These are some of the examples cited in recent days in an escalating media storm over “non-crime hate incidents” recorded …
Regrets, feminism, and Trump’s ‘fascination’ with Putin: key takeways from Merkel’s memoir
Tue, 26 Nov 2024, 05:00
Angela Merkel was notoriously discreet and privacy-conscious as Germany’s chancellor, rarely veering off message during her 16 years in office. In her eagerly anticipated political autobiography Freedom: Memoirs 1954-2021, she has hardly turned into a gossipmonger overnight. But across 721 pages – published on Tuesday in German and English thanks …
‘What many of us feel’: why ‘enshittification’ is Macquarie Dictionary’s word of the year
Tue, 26 Nov 2024, 01:36
“We’re all living through the enshittocene, a great enshittening, in which the services that matter to us, that we rely on, are turning into giant piles of shit, ” author Cory Doctorowsaid earlier this year. In 2022, Doctorow coined the word“enshittification”, which has just been crowned Macquarie Dictionary’s word of …
Retailers warn inflation could hamper UK shoppers in run-up to Christmas
Tue, 26 Nov 2024, 00:01
Shoppers’ ability to afford Christmas treats has been put under threat as retailers warned November could mark a turning point for inflation, with the recent fall in prices slowing amid increased fresh produce costs and fewer discounts on the shelves. Shop prices fell by 0. 6% in November, compared with …
FCA is ‘incompetent at best, dishonest at worst’, claim MPs and peers
Tue, 26 Nov 2024, 00:01
Britain’s financial sector watchdog is “incompetent at best, dishonest at worst”, according to a damning report by M Ps and Lords which called for a big shake-up. An examination of the Financial Conduct Authority, which took almost three years and collected evidence from 175 fraud victims, whistleblowers and the regulator’s …
‘Business cash cow has been milked,’ CBI chair tells ministers
Mon, 25 Nov 2024, 19:36
The chair of the Confederation of British Industry, Rupert Soames, accused the government of treating employers as a “cash cow” on Monday as he urged ministers to water down plans for workers’ rights. “It’s been tough on business. In the budget, business has been the cash cow and it’s been …
Is it time for another general election? I mean it’s been four months | John Crace
Mon, 25 Nov 2024, 18:35
It’s the logical conclusion to the disposable society. Don’t like the result of the last general election? Then just have another one. Who cares if the new government has only been in office for four months? If you’re not feeling markedly better off already then the new prime minister is …
Ireland prices corporation tax loss from Trump policies at €10bn
Mon, 25 Nov 2024, 18:33
Ireland’s prime minister has said the country could lose €10bn (£8. 35bn) in corporate tax if just three US multinationals were repatriated to America under a hostile Donald Trump administration. His remarks come just days after Trump nominated the Wall Street investor Howard Lutnickto lead the Department of Commerce with …
Barclays’ retreat over regulator’s Qatari finding is a cop-out
Mon, 25 Nov 2024, 18:30
A regulatory ruling that your conduct was “reckless and lacked integrity” is meant to be a highly serious matter for a bank. Thus it was understandable two years ago that Barclays decided to appeal againsta £50m fineimposed by the Financial Conduct Authority that related to the disclosure of controversial payments …
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