New Zealand Business Sentiment Worsens Amid Continued COVID-19 Impacts

Business sentiment across New Zealand has worsened during the year’s first quarter as the impacts of COVID-19 continue to dampen economic recovery. On a seasonally adjusted basis, a net 33 percent of businesses surveyed said they expect general business conditions …

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IKEA UK to Close Tottenhamm, UK Store, 450 Jobs Affected

Fourth EstateIKEA Tottenham Store

Furniture retailer IKEA said on Wednesday that it plans to close its store in Tottenham, London later this year, a move that would impact 450 jobs at risk. “The proposal to close the Tottenham store follows an extensive assessment of …

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UK Retailers Warn of Low Sales in 2022 Due to Soaring Inflation

British retailers said that soaring costs of living amid the emergence of the Omicron virus could shrink household budgets and drag down retail sales in the U.K. this year. In a joint report with accountancy firm KPMG, the British Retail …

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Fashion Brand Lorna Jane Fined AUS$5m for Misleading Claims

Australian Activewear brand Lorna Jane has been given a $5 million fine over misleading claims its activewear would “stop the spread” of COVID-19. “Lorna Jane sought to exploit that fear and concern of the public through the use of misleading …

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