Post Office CEO Nick Read recently testified at the Horizon IT Inquiry, suggesting that not all quashed convictions of subpostmasters may be innocent. While the majority of the Post Office organization believes the actions taken were correct, there may be differing views on the innocence of those involved in the convictions. Additionally, Read stated that no staff members involved in postmaster-facing activities had been part of historical investigations and wrongful prosecutions. This comes amidst ongoing controversy surrounding the so-called “untouchables” within the organization.
In other news, Nestlé is trialing paper tubs for their Quality Street chocolates in an effort to reduce plastic usage. The reaction to the paper tubs is unsure, as the transition from plastic to paper packaging may not be well-received by all customers. However, Nestlé is forging ahead with this environmental initiative.
Furthermore, Rio Tinto has announced a £5.1bn deal to acquire US lithium miner Arcadium, solidifying its position in the electric car battery market. This acquisition comes at a time when the global electric car market is facing challenges, but Rio Tinto is optimistic about the future of the lithium industry.
In the US, Boeing and striking workers have reached an impasse in negotiations, with the company withdrawing its pay rise offer. The strike, now in its fourth week, shows no signs of resolution in the near future.
Lastly, Google is facing the possibility of being broken up by the US government in a landmark antitrust case. The Department of Justice is considering various remedies to address Google’s monopoly in online search, including forced product sales and sharing search data with rivals. The case is ongoing, with Google expected to propose its own remedies in response to the government’s proposals.
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