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UK’s Royal Mail faces threat of Christmas strike

Bloomberg Royal Mail Plc faces the prospect of Christmas chaos, with letter and package deliveries grinding to a halt, should its workers agree this week to strike, the Sunday Times reported. About 110,000 Communication Workers Union (CWU) members have been balloted and the results on Tuesday are expected to lead to a mass strike over pay, conditions and employment terms, ...

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UK’s favourite pizza set to survive debt restructuring

Bloomberg Twitter users following the #savepizzaexpress hashtag will probably get what they want, at least in part. Creditors to troubled casual-dining group PizzaExpress Ltd, which has around $1.4 billion of debts, expect to see much of their money returned and the brand survive, according to analyst Helen Rodriguez at CreditSights in London. “There’s a brand and a business for PizzaExpress, ...

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No exceptions for UK-EU trade in hard Brexit: WTO

Bloomberg In the event of a no-deal Brexit there will be no special rules for trade between the UK and the European Union, the World Trade Organization’s (WTO) director-general Roberto Azevedo said in an interview with Frankfurter Allgemeine Sonntagszeitung. A trade without customs duties would only be possible, if customs would be removed for all other trading partners, too, he ...

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