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...Post Office chief executive officer Nick Read has been “exonerated of all the misconduct allegations” against him following an external investigation, according to the company, after a public spat with the...
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...The investigation became public in February after Henry Staunton, chair of the Post Office between 2022 and 2024, told MPs that Read was the focus of a HR complaint that included allegations that the chief...
...Japan and Vietnam have also intervened to support their currencies, while the central banks of Malaysia and South Korea have said they are prepared to do so....
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...“I have no doubt that there’s a bit of vindictiveness coming in from the department [for business and trade] and the Post Office,” Bates said....
...Its utter dependence on China’s currency signals that, from a financial point of view, Russia already has lost its war (“Moscow driven towards embracing renminbi”, Report, March 27, 2023)....
...The group, which owns large parts of London’s Mayfair and Belgravia, is planning to more than double its flexible office footprint to 300,000 sq ft, equivalent to about a fifth of its UK office portfolio...
...“Our payables denominated in foreign currencies have increased significantly in recent years, primarily as a result of our inability to source foreign currency to repay our suppliers and other providers...
...The yen’s stability has made it currency of choice for investors placing carry trades, whereby an investor borrows in a low-yielding currency in order to fund investments in higher-yielding currencies and...
...In currency markets, the strong retail sales figures boosted the US dollar index, which tracks the world’s dominant currency against six international peers....
...The central bank’s apparent lack of concern over the weak yen has prompted speculation that Japan’s finance ministry — which can sell currency reserves to prop up the currency — might intervene directly...
...Her report found that Staunton, who became chair in 2022, had said of one candidate for the role of senior independent director on the Post Office board’s words along the lines of: “She doesn’t look coloured...
...Changes to flight schedules and efforts to reduce the risk of strikes by air traffic controllers have left industry bosses optimistic that there will not be a repeat of last summer’s problems....
...Downing Street has said it is “not accurate” to say the Home Office is unable to locate the remainder of the 5,700 asylum seekers it has identified to put on the first flights....
...The former chair of the Post Office railed against the scandal-hit organisation’s chief executive Nick Read and accused him of bullying the business’s former human resources director, in a letter to MPs...
...Three senior members of Iran’s Revolutionary Guards were killed on Monday in an air strike on the consular section of Iran’s embassy in Damascus, an attack that Tehran has blamed on Israel....
...Venezuela has ordered the closure of a UN human rights office amid an international outcry over a prominent lawyer’s arrest....
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