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Nike plans to cut jobs in digital push

Reuters Nike Inc on June 26 warned of job cuts as the world's largest footwear maker ramps up efforts to sell directly to customers through its online and retail channels. The planned layoffs come after the company on Thursday reported a $790 million quarterly net loss, its first in more the

Britain tells banks to prepare for pandemic debt pile

Huw Jones, Reuters (London) British banks need to accelerate preparations for dealing with businesses unable to repay money they borrowed to cope with the coronavirus pandemic, the national financial sector regulator said on Tuesday. Over 900,000 businesses have taken out state-backed loans worth around 38 billion pounds ($48 billion) under schemes

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