News

‘I’ve been invisible this entire time and now we matter’: A day in the life of a 22-year-old supermarket worker during the coronavirus outbreak

Supermarket workers in the UK have been classified as “key workers” in the coronavirus pandemic, meaning they must continue going to work to keep the country running. Staff were thrown into hostile situations when panic-buying reached its peak in March, though things have since calmed down. The UK has extended […]
‘I’ve been invisible this entire time and now we matter’: A day in the life of a 22-year-old supermarket worker during the coronavirus outbreak
Markets

2 major European mergers just collapsed — Deutsche Bank-Commerzbank talks flopped and Walmart’s $9 billion UK supermarket deal was blocked

Two billion-dollar European mergers collapsed on Thursday after Deutsche Bank and Commerzbank’s talks fell through, and UK competition regulators rejected Sainsbury’s planned takeover of Walmart-owned Asda. The German banks held formal discussions for six weeks, but investors questioned the deal’s financing and rationale, and labour unions opposed the estimated 30,000 […]
2 major European mergers just collapsed — Deutsche Bank-Commerzbank talks flopped and Walmart’s $9 billion UK supermarket deal was blocked
Markets

The sale of one of Walmart’s biggest international assets is on the rocks after a watchdog warned it could increase prices and lower quality

A merger between Walmart-owned Asda and Sainsbury’s is under threat after a competition authority warned the deal could increase prices and reduce quality. The UK Competition and Markets Authority said it has “extensive concerns” about the deal, which would create a £13 billion ($US17 billion) grocery giant. “We have provisionally […]
The sale of one of Walmart’s biggest international assets is on the rocks after a watchdog warned it could increase prices and lower quality