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In a scene reminiscent of the financial crisis, axed Deutsche Bank workers leave with belongings

In a scene reminiscent of the financial crisis, axed Deutsche Bank workers leave with belongings

Finance
The scene was solemn at Deutsche Bank's offices in London, New York and Tokyo on Monday as scores of employees, belongings in hand, left their desks for the final time as the German lending giant began one of the largest rounds of layoffs since the financial crisis.Carrying boxes and envelopes containing personal effects and A4 forms, Deutsche workers started their work week by collecting their belongings and emptying their desks.People exit Deutsche Bank's Manhattan headquarters with white envelopes that are reportedly their exit papers following news that the global banking giant will be letting go of thousands of employees due to a major restructuring at the German bank on July 08, 2019 in New York City.Spencer Platt | Getty ImagesMonday's exodus represented the first wave of several ro...
Greek debt crisis: ‘I wasn’t paid for two years’

Greek debt crisis: ‘I wasn’t paid for two years’

Business
Setting up a business in a country that is struggling to recover from a severe economic crisis is hardly the most ideal of circumstances.So Greek entrepreneurs Dimitris Kokkinakis and Sophie Lamprou faced an uphill struggle when they set up their business in 2013.Greece was beginning the long trek back from its debt crisis, which at one point looked like it might force the country out of the eurozone. It had imposed drastic austerity measures in response to bailouts starting in 2010.Then in 2015, the government announced capital controls, meaning the amount of money people could withdraw from banks was restricted."It was a very big shock, not just for us, but for everybody in Greece," says Sophie.Both entrepreneurs went without p...
US top of the garbage pile in global waste crisis

US top of the garbage pile in global waste crisis

Science
The world produces over two billion tonnes of municipal solid waste every year, enough to fill over 800,000 Olympic sized swimming pools.Per head of population the worst offenders are the US, as Americans produce three times the global average of waste, including plastic and food. When it comes to recycling, America again lags behind other countries, only re-using 35% of solid waste. Germany is the most efficient country, recycling 68% of material. Philippines sends tonnes of rubbish back to Canada Glastonbury clean-up under way The study has been compiled by Verisk Maplecroft, a research firm that specialises in global risk, They've developed two new indices, on waste generation and recycling. They've used publically-available ...
Warning of NHS Wales dentist crisis

Warning of NHS Wales dentist crisis

Health
Only one in six dental practices in Wales are offering treatment to new adult patients on the NHS, according to research by the British Dental Association (BDA). It also found just over a quarter of 355 dental practices in the country were taking on new child NHS patients.The BDA is campaigning for a change in the way dentists are paid, which it said has caused an "access crisis". The Welsh Government said it was reforming the contract with dentists. A large variation between different health board areas was found by researchers when they contacted practices in April.In the Hywel Dda health board, which covers Carmarthenshire, Ceredigion and Pembrokeshire, no practices were taking on new adults on the NHS and only one out of 45 w...

German minister: nuclear disarmament treaty in crisis

World
German Foreign Minister Heiko Maas says a treaty on disarmament and nuclear nonproliferation is in crisis. Maas, who is attending a one-day meeting on the subject Tuesday in Stockholm, after a trip to Iran for talks on the country's nuclear program, says it is important that so many nations are coming together to work on strengthening and preserving the nuclear nonproliferation treaty. "The treaty is in an acute crisis," he said in a statement. "The nations with atomic weapons need to shoulder their responsibilities for disarmament better and at the same time we need to prevent further countries from obtaining nuclear weapons." Sweden wants to discuss how governments can work together to create political pressure for disarmament and engagement ahead of next year's conference on the treaty...