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Politics

Poundland owner extracted millions when chain was on ‘knife-edge’, MPs say

Retailer’s management to seek two-week extension of legal protection from creditors in high court MPs have accused the owner of Poundland of extracting millions of pounds from the budget retailer when it was on a “knife-edge” as it seeks extra time to secure a rescue deal. The management of Poundland, which employs 12,000 people and operates 600 stores in the UK and Ireland, will seek a two-week extension of legal protection from creditors from the high court on Thursday morning. Continue reading...

The Guardian
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Politics

Double amputee marathon runner criticises Badenoch for ‘weaponising his success’

Paralympian Richard Whitehead ‘gobsmacked’ at Tory leader’s speech over proposed £36bn welfare cuts The double amputee marathon runner Richard Whitehead has criticised Kemi Badenoch for “weaponising his sporting success” to justify her proposed £36bn welfare cuts. The Conservative leader used the example of “double amputees running marathons” in a speech this week to explain the reasoning behind her proposed cuts to disability benefits, which she said were enabling people to “live a life of dependency”. Continue reading...

The Guardian
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Crypto

Why Is Crypto Crashing? Elon Musk’s Grok AI Predicts BTC to $40K

Why is crypto crashing today? BTC/USD fell to $73,700 overnight, down another 0.8%, as $744M in liquidations triggered another market-wide crash after hotter-than-expected CPI data on November 10 spiked fears of further rate hikes later this year. With macroeconomic tailwinds driving high volatility, Elon Musk’s Grok AI predicts Bitcoin could crash to $40K by the […] The post Why Is Crypto Crashing? Elon Musk’s Grok AI Predicts BTC to $40K appeared first on Cryptonews.

CryptoNews
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