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Business

The latest published reporting in this category.

International

Aldi cuts hundreds of UK head office roles as part of global cost trimming

Supermarket’s move labelled ‘shortsighted’ by worker who calls upper management ‘woefully out of touch with reality’ Aldi’s UK business is cutting hundreds of head office roles as part of a global effort to trim costs at the budget grocer. The retailer is consulting with its technology team on the loss of up to 150 roles after 103 redundancies in its finance and administration team earlier this year and almost 20 more redundancies among buying directors. Continue reading...

The Guardian
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Politics

Why are Britain's streets still so polluted? Because the car industry dinosaurs do what they like, and politicians let them | George Monbiot

The transition to electric vehicles should be moving apace, but it is not. And why? Incompetence, expedience and cowardice This is how it works. An industry puts tremendous effort into resisting change: lobbying governments, mobilising the media, pouring money into junktanks. It argues that a transition would threaten jobs, or damage the national interest, or harm poor people, while what it really fears is the cost of retooling its plants or developing new protocols. Then, when the inevitable cliff edge approaches, it whines that change is coming too soon. For reasons beyond its control, it is

The Guardian
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Finance

Prime property, slow sales: why London’s stock of empty high-end flats is piling up

Homes in the West End, Mayfair and Marylebone are going unsold – and developers are counting the cost London has no shortage of luxury flats. There are ultra-modern blocks in the most upmarket neighbourhoods – including Chelsea, Kensington and Mayfair – that offer marble lobbies, concierge services and views across the city’s skyline. The problem for property developers is finding wealthy residents to fill them, leaving brand-new properties in London’s most desirable postcodes standing empty. Continue reading...

The Guardian
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