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Burberry sees lackluster sales growth, hurt by China slump

  Bloomberg Burberry Group Plc showed lackluster sales growth last quarter as customers in China were kept at home first by strict pandemic controls and then, at the very end of the year, by a viral surge as the government loosened restrictions. Comparable store sales rose 1% in the quarter ended December 31, 2022, below the 1.4% gain analysts anticipated. ...

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Amazon kills ‘smile’ charity program

  Bloomberg Amazon.com Inc. is halting “AmazonSmile,” a decade-old charitable program that let customers pick a charity to receive a donation from the company equal to 0.5% of their purchases. The announcement, which coincided with a fresh round of layoffs that will affect 18,000 Amazon employees, showed how tech industry cost-cutting could ripple through the nonprofit world. The company, which ...

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Half a million UK workers set for mass strike for higher pay

Bloomberg Close to half a million workers are ready to strike on a single day as Britain faces an escalation of industrial action across a number of sectors. Unions representing civil servants, teachers, university staff and train drivers have said their members will walk out on Feb. 1 as part of demands for higher pay to cope with the worst ...

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