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Swatch Group CEO opens factory to show budget Blancpain isn’t plastic

BLOOMBERG Bright spaghetti-like strands jiggle across a conveyor belt at a manufacturing plant in Grenchen, Switzerland, before arching into a cutting machine that spits a shower of yellow pellets into an industrial-sized sack.  Nick Hayek, the 68-year-old chief executive officer of Swatch Group AG, reaches in and pulls out a handful. “Look, they’re still warm.” The pellets, made of a ...

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Amazon ‘going big’ to fill delivery void left by Shopify’s retreat

BLOOMBERG Amazon.com Inc is targeting a logistics void left by Shopify Inc’s abrupt retreat from shipping services earlier this year, which created an opportunity for the online retailer to make money delivering products ordered on sites other than Amazon.com. The e-commerce giant is promoting Buy With Prime, which was introduced last year and offers online merchants fast delivery of customer ...

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Qantas’ staff sacking hampers its reputation

BLOOMBERG Qantas Airways illegally sacked 1,700 ground workers during the pandemic, Australia’s top court ruled, delivering a further blow to the reputation of the country’s most-complained-about business. The High Court of Australia dismissed Qantas’ appeal against an earlier judgment that found the airline axed the employees unlawfully. Qantas now faces penalties and compensation payments to affected workers. Qantas outsourced ground-handling ...

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